Selling a house is much more work than selling a car. Ask anybody who has ever done it. You might be surprised at just how complicated it can actually be. If you’ve never sold a house before, you might be surprised by how complicated it can actually be. It can take months of preparation and money before you actually get the house sold. When you are planning to sell your house, consider researching all of your options. You have to have a plan going in the event that you decide to sell your home through a real estate agent. The first thing you need to do is choose the right price for your home’s selling price. This will save you time and money. It is important to know the average sale price of similar homes in your neighborhood. To get this information, you will need to visit Go Around, where you can get information about the homes around you at no cost. Once you know the average home sale price for houses in your neighborhood, make sure to inform your real estate agent. Inform your potential buyers of all the standard requirements they need to fulfill in order to purchase your home. Most potential buyers will already have a buyer’s agent or a lawyer to help them with the paperwork. If not, be prepared to spend a lot of time explaining everything to your buyers so they can understand. A real estate agent will tell you that the appraisal is based on “CPI” or “customer price index.” If you aren’t familiar with what this mean, it stands for “appraisal reflecting the uniform distribution of prices received by other buyers.” Your agent should explain that the “CPI” is figured by dividing the appraised price by the total number of inquiries made by potential buyers. They may also tell you that it doesn’t take into account the details of the home, such as whether or not it was maintained at its last inspection and if it had any major problems prior to the current owner’s ownership. When you inform potential buyers of the standard appraisal, it allows them to make an informed decision about buying your home. Buyers are familiar with the idea of fair market value and understand what they should be offered. However, they don’t always understand that there are some exceptions to this rule. Before you close the deal, talk to your real estate attorney about the exception so the buyers know there might be a discrepancy between what they were told and the final figure. For example, if you have had two previous sales within the same neighborhood, your buyers might think you’ve changed the selling price so they won’t overpay. As soon as the transaction is closed, the buyer will pay you the escrow amount. This is a non-refundable fee, which means the buyer can’t go back later and ask for changes or for their money back. Your real estate agent will help you with the escrow information and explain it to you fully. Once the closing date has passed, and the buyer has paid you the escrow amount, repairs and renovations are complete.