When you sell a home, it can be difficult to know what you need to take care of before listing your property. However, by taking the time to delve a little deeper into your property, you can fend off issues in the long run. Here are a few quick, simple things you should check before you think about selling your home.
1. Solar Panel Contracts
Most homeowners don't realize it, but many solar panel companies give people the chance to roll in the cost of solar panels with the price of your mortgage. Unfortunately, if you sell your home, you may also be on the hook for unloading the solar panel contract, so it's important to know the terms of your deal.
If you have solar panels and you pay monthly for them, reach out to the provider to ask what your responsibilities are. If you want to sign over the contract to a new party, make sure you have the paperwork you need to do so.
2. The Target Housing Market
The housing market may be struggling where you are at, but that doesn't mean you will necessarily be able to find a great price on a home in your destination city.
Before you decide to sell, check the housing market in your area, and compare it with the housing market where you will live soon. If possible, try to sell your home when the market in your area is high, and buy a home in the destination city when the housing market has dipped. That way, you don't invest at the top of the market and experience any subsequent downside related to normal market activity.
3. Income Rental Laws
Depending on where you decide to live, it may be necessary to terminate rental contracts and give your renters enough time to move. Likewise, if you purchase a place that has a rental income suite, it's important to be mindful of the regulations in that area so you can comply with them as the new landlord.
Be considerate with any tenants you do inherit by purchasing a new home, as they may be used to different rules, noise levels, and smells emanating from upstairs. Meet and have an open conversation with your tenants while abiding by the terms of their previous contract.
After you have checked and double-checked all of your information with the appropriate parties, move forward by working with a real estate agent. The appropriate agent can talk with you about everything you need to do to ensure all is well so that you don't run into any unnecessary roadblocks.
To learn more or to sell your home, contact a real estate agent.