5 Things Every Seller Should do Before they List
Updated: May 7, 2019
1. Contact your CPA
It's always a good idea to understand your tax consequences before you decide to sell. Seems self-explanatory, but a definite must. Do you have an understanding of your capital gains? Could you benefit from a 1031 Exchange? If the property is inherited, will your CPA recommend a "date of death"appraisal? Or if you're an out-of-state owner, it's a good time to find out if HARPTA or FIRPTA applies to you.
2. Gather your Paperwork
This is a great time to gather your warranties, find any major improvements or repair invoices, any history of termite treatment or preventative termite care, or perhaps any important notices from your Association, copy of your last utility bills, or even building plans, if available. Gathering this paperwork ahead of time will help your Realtor® speak knowledgably about your home to prospective Buyers. It'll also make your life easier when you fill out your Seller's Disclosure.
3. Fill out your Seller's Disclosure
While the Seller's Disclosure isn't due to the Buyer until after you've accepted an offer, I always encourage my clients to fill this out prior to listing their home for sale. Not only will it help give your Buyer confidence in understanding the home's history, but it'll be one less thing you'll have to worry about, during a time when you'll rather focus on offer negotiations and upcoming inspections.
4. Show your Best
Now's the time to handle that checklist of house repairs you've been meaning to get to. Remove any unnecessary clutter. Keep the yard mowed, hedges trimmed, lawn green. And yes, secure your valuables. While I've never had issues with theft during an open house, let's not be the first. And, I'm happy to share my list of service providers should you find yourself in need of a little extra help.
5. Find a great REALTOR®
Yes, it's a shameless plug. :) When the time comes, we'll walk you through it. And, if you haven't already, check out my list of Happy Clients.
Questions? Contact Shaila at 808-741-7155 or email firstname.lastname@example.org. Hawaii Homes & Estates LLC. License No: RB-20456.