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While selling your home is not usually a fast way to get money, it is likely to generate the most cash of all the alternative uses of your home.
To maximize the money you receive and minimize the time until you receive it, consider the following:

  • Look at both the exterior and interior of your home from a buyer's point of view. Make reasonable changes to maximize appeal to buyers.
  • Decide whether to sell your home yourself or use a broker/agent. Selling a home yourself may land you more money and perhaps satisfaction. It definitely includes more work.  If you use a broker, consider whether to use a full commission or a discount broker.
  • Set an offering price based on recent sale prices of comparable homes in your area and whether you are in a buyer's or a seller's market.

When thinking about how much you will net from the sale of the house, keep taxes in mind.

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New Uses of Assets: Real Estate

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