| If you are selling a by owner property you had better | | | | - What other costs you have to sell the property. |
| understand the sales process well. | | | | Your costs to move and to buy a new home are a |
| The home selling process is very similar in all states | | | | factor in your decisions and will include: |
| and in most countries. However local laws will always | | | | - Moving expenses, |
| be a factor. Sometimes they will throw a wrench in | | | | - Borrowing costs, |
| the works. | | | | - Your down payment requirements, |
| Knowing as much as possible about the process and | | | | - Costs of home inspections, |
| about local laws helps you get the most return from | | | | - Title costs, |
| your by owner house investment. | | | | - Homeowners insurance, and |
| Your goal is to net out as much money as property. | | | | - All other expenses of buying a home. |
| This is not as easy as it seems. To prevent problems | | | | Contact your mortgage holder and have them |
| down the road you will want to calculate an estimate | | | | calculate your loan payoff amount at closing. This is |
| of net cash proceeds after your sale is over. | | | | the starting point to determine your net proceeds. Then |
| The factors that go into how much net cash you | | | | calculate the total amount you will have left after the |
| receive after the process is over depends on these | | | | closing costs and loan payoff amount. |
| things.: | | | | If the amount is too low to buy the other home, you will |
| - How much your home is worth. | | | | want to know as soon as possible. It is a good idea to |
| - How much you can sell it for under current market | | | | plan out all of these numbers in advance. They may |
| conditions. | | | | affect what price you will accept in selling your home. |
| - What your closing costs are. | | | | |