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Okay, you have a good understanding of real estate, you know your community, and now its time to know your house like the back of your hand. Dont say you have a house in excellent condition when your inspection report has a long list of deficiencies and repairs your house will require. Be careful about how long you want your ad to run. Theyll push the bidding price higher because they know what theyre doing, and by pushing up the price, they weed off the end buyers who eventually drop out because the price is beyond their budget. That equity you were slowly building over these years will come back to you a hundredfold because youve thought about it long enough to realize that there is a handsome profit waiting to be made. You can be 99% sure that buyers will negotiate to bring the price down; this is why houses are sold and bought as a result of negotiations, which could take days, if youre lucky, or longer, if you meet buyers who really want your house but dont want to pay the price youre asking for.
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Tip 62: Have you been negligent? Its better to have brains than guts! However, if youre convinced that your property is worth more (based on the offers youve received so far), then be firm with your price.
Most buyers will have a professional home inspection done anyway, but if you do it ahead of time, then you can take care of any necessary repairs even before it goes onto the market.
Depending on your area, and what kind of home you have, this will probably cost between 0 and 0 to have done, but it can be well worth the effort.
If youre not certain who to hire, ask your real estate agent, and he or she will be able to recommend several quality inspectors.