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Maximizing Profit When Selling A House In Ohio Without A Realtor

Published on May 11, 2023

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Maximizing Profit When Selling A House In Ohio Without A Realtor

Advantages Of Selling A House By Owner In Ohio

Selling your house by owner in Ohio can be a great way to maximize your profits and save on realtor fees. When you are in control of the process, you have more flexibility to set the price that works best for you.

You also don’t have to worry about paying commission or other negotiated fees to a realtor, which can really add up. Additionally, when selling by owner, there is no need to wait for an agent’s availability; you are able to take care of all the details yourself at your own pace and convenience.

Furthermore, when it comes time to negotiate with potential buyers, you may find that they are more willing to work with a private seller than they would be with a realtor. Finally, selling by owner gives you the opportunity to market your home directly within your own community, which can be very advantageous in terms of getting maximum exposure and creating interest from prospective buyers.

Preparing Your Home For Sale By Owner In Ohio

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When attempting to maximize profit when selling a house in Ohio without a realtor, it is important to properly prepare the home for sale. This includes making sure the house looks its best from the outside.

Start by painting or adding siding if necessary, and make sure all exterior fixtures are in good condition. Clean up your landscaping, including mowing and trimming any trees or shrubs.

Inside, be sure to declutter your home and clean thoroughly, repair any damage or broken items, and consider giving the walls a fresh coat of paint. Updating fixtures such as lighting and door handles can also give your home an updated look.

Finally, stage the furniture to best showcase each room’s potential. With these steps taken, your home will be ready to attract potential buyers when you list it on the market without a realtor.

Legal Requirements To Sell A House Without A Realtor In Ohio

When selling a house in Ohio without the assistance of a realtor, it is important to understand the legal requirements for doing so. In Ohio, sellers are required to have a written contract that includes all pertinent information about the sale and must disclose any known defects or issues with the property.

Additionally, it's important to check local zoning ordinances and be aware of any permits needed before selling a property. While it is not legally required in Ohio to hire an attorney when selling without a realtor, it is recommended as they can help guide sellers through the process and minimize potential risks.

Sellers should also be aware of any applicable taxes or fees associated with their specific situation and make sure they are paid in full before closing on the sale. Knowing these legal requirements will ensure that anyone looking to maximize their profits when selling a house without a realtor in Ohio has all necessary information to do so safely and securely.

Benefits Of Using A Realtor For Selling Your Home In Ohio

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When selling a house in Ohio, homeowners may be tempted to try and maximize profits by foregoing the use of a realtor. While it is possible to do this and still obtain a good price for your property, there are many benefits to enlisting the help of an experienced realtor that are worth considering.

Realtors understand the local market conditions, which can be invaluable when determining pricing for your home. They also have access to a network of other real estate professionals, giving them the ability to quickly find prospective buyers.

Realtors are also trained in effective negotiation techniques, allowing them to work with buyers on price while still protecting your interests as a seller. Additionally, they are able to provide guidance throughout the entire process and take care of all paperwork associated with selling your home.

Tips For Negotiating With Buyers When Selling Without An Agent

When selling a house without the help of an agent, it is important to understand the strategies and techniques necessary for successful negotiations with buyers. Knowing how to maximize profit while selling can be difficult, but there are several tips you can use in Ohio to ensure that you get the most out of your sale.

First, thoroughly research the market and determine what similar properties have recently sold for. This will give you a better idea of what price range you should expect to receive from buyers.

Additionally, try to think like a buyer in order to craft compelling offers that are attractive and highly competitive. When working with potential buyers, always remain calm and professional; this is especially important when dealing with lowball offers.

Finally, don’t forget to factor in additional costs such as closing fees, inspection fees and taxes so that they don’t eat into your profits. Following these simple tips can help maximize profits when selling a house in Ohio without an agent.

Home Seller Checklist: What You Need To Know Before Selling Fsbo

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When selling a house without a realtor in Ohio, it is important to be aware of the home seller checklist and what needs to be known before going FSBO. There are several steps that need to be taken in order to maximize profit from the sale.

First, research the market to determine a competitive price for the property. This includes looking at similar houses in the area and understanding recent trends in local housing prices.

Additionally, consider any upgrades or renovations that can be made prior to listing, as these can increase value and help attract buyers. Next, create an effective marketing plan using both traditional methods such as print advertising and modern tactics like online listings and social media posts.

Ensure all descriptions of the property are accurate and detailed for potential buyers. Finally, prepare for negotiations by researching common negotiation tactics used when buying or selling real estate.

Additionally, understand how any closing costs or taxes may affect the final sale price so you can make informed decisions during negotiations. Following this checklist will help ensure you maximize your profits when selling a house without a realtor in Ohio.

Overcoming Common Fsbo Challenges And Obstacles

Selling a house without the help of a realtor can be daunting, especially when it comes to navigating the process of maximizing profit. One of the most common challenges faced by those attempting to do so is understanding the local laws and regulations governing such transactions.

To ensure success, it is important to research what types of fees may be applicable and how they might affect your bottom line. Additionally, having an understanding of local market conditions will help you set realistic prices and enable you to target potential buyers more effectively.

Understanding how to stage and market your home will also play a key role in ensuring maximum profitability. Professional photographs, staging advice and creating effective marketing materials can go a long way in helping you make the most out of your sale.

Finally, having access to an experienced lawyer who can provide advice on closing processes and protecting yourself from liability as well as handle all necessary paperwork is essential for successful FSBO sales in Ohio.

Marketing Strategies When Selling Fsbo In Ohio

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When selling a house without the help of a realtor, it is important to be strategic in order to maximize profit. The first step is to create an effective marketing plan.

This includes listing the property on multiple platforms such as Zillow and Trulia, advertising on social media, using yard signs and flyers, hosting open houses and reaching out to family and friends. It's also important to research the market in Ohio in order to determine an accurate asking price.

Consider factors like the location of your home, recent sales in the area, trends in the local housing market, and any necessary updates or repairs. Finally, make sure all documents are properly filled out when transferring ownership of the property and that any local laws or regulations are followed.

With proper planning and research, it is possible to maximize profit when selling a house without utilizing a real estate agent in Ohio.

Researching The Market Value Of Your Home For Sale By Owner In Ohio

When it comes to selling a house in Ohio without a realtor, researching the market value of your home is essential to maximizing profit. Knowing the current market value will help you price your home accurately and attract interested buyers.

To begin your research, start by looking at historical sales data in the area to get an idea of what homes are selling for. You can find this information on websites such as Zillow or Redfin.

Additionally, consider taking into account any updates or renovations that have been done on the house since its last sale. Once you have collected all available data points, use a home value calculator to determine an estimate of your home’s market value.

Additionally, reach out to local real estate agents for their professional opinion on pricing your home for sale by owner in Ohio. With proper research and planning, you can confidently set the asking price for your house knowing it is within market range and will help you maximize profit when selling without a realtor.

Pros And Cons Of Listing With An Agent Vs For Sale By Owner (fsbo)

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Selling a house can be an intimidating process, and making the decision to list with an agent or go the for sale by owner (FSBO) route can be difficult. There are pros and cons to consider when deciding which strategy is best for maximizing profit.

Listing with a real estate agent comes with the benefit of having access to their experience and expertise in marketing, pricing, and negotiating; however, there is typically a commission fee associated which could reduce profits. On the other hand, going FSBO allows home owners to avoid these fees but requires them to put in more work when it comes to research, marketing and paperwork.

In Ohio, home owners who decide to sell their house without using an agent must also familiarize themselves with local laws and regulations as well as handle all negotiations and contracts directly with buyers. Ultimately, selling a house without using a realtor can be done successfully if home owners are willing to put in the necessary time and effort into researching potential buyers and ensuring that they comply with state regulations.

Comparing Full-service Real Estate Agents Vs Discount Brokers

When selling a house in Ohio, many homeowners wonder if they should hire a full-service real estate agent or go the discount broker route. Full-service agents will generally provide an array of services, including listing the property on multiple platforms, scheduling and hosting open houses, arranging showings with potential buyers, and negotiating offers.

They also typically have a greater knowledge of local market trends and conditions as well as broader experience in closing deals. On the other hand, discount brokers may offer fewer services but at a fraction of the cost of working with a full-service agent.

Typically these brokers are more limited in their resources and may not be able to give as much personal attention to each client; however, they can still successfully list and market a property. Ultimately, when it comes to maximizing profit when selling a house without a realtor in Ohio, homeowners must weigh both options carefully to determine which is right for them.

Navigating The Closing Process When Selling Your Home Without An Agent

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When selling a house without the help of a realtor, navigating the closing process can be daunting. Being familiar with local regulations, such as Ohio's transfer tax, is key to ensuring that all of the necessary steps are taken in order to maximize profit.

Doing research into the type of deed commonly used in Ohio and understanding the nuances of title insurance can help ensure that no surcharges or fees are left out of the agreement. Additionally, hiring an attorney to review documents and confirm all details related to the sale can provide peace of mind and help protect against any potential pitfalls.

The seller should also take time to compare closing costs from various lenders in order to get a better understanding of what is being offered and find a competitive rate. Finally, if applicable, having a survey conducted on the property prior to closing will ensure that there are no surprises when it comes time for final payment.

Knowing the ins-and-outs of selling a home without an agent will go a long way toward maximizing profits when selling a house in Ohio.

How To Price Your Home To Sell Quickly And For Top Dollar - For Sale By Owner

When selling a home in Ohio without the help of a realtor, it is important to price your house correctly in order to maximize profit and sell quickly. The most effective way to do this is to research recent sales of comparable homes in the area.

Look at how much similar homes with similar features have sold for recently and use that information as a basis for pricing your home. Additionally, you should consider any upgrades or renovations that may add value to your home when setting the price.

Setting the price slightly lower than other comparable homes in the area can also be beneficial as it will create extra interest and potentially lead to multiple offers. Once you have determined an appropriate asking price for your home, make sure that it is competitively priced and well-advertised, as this can help draw attention from potential buyers.

Finally, be prepared to negotiate with buyers, as this could help you get even closer to your desired sale price.

Identifying Potential Buyers When Selling A Private Home Without An Agent

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When selling a house without the help of a realtor, it is important to identify potential buyers in order to maximize profit. Advertising in local newspapers and online can be an effective way to reach buyers.

Utilizing social media platforms such as Facebook and Twitter can also be advantageous to attract buyers. Posting signs around the neighborhood with the property's address can draw attention from passersby who may be interested in purchasing.

Additionally, contacting friends and family members is a great way to spread the word about the property and potentially find someone willing to buy. Word of mouth is often a powerful tool when trying to find buyers for private homes.

Lastly, attending local community events or fairs allows sellers to meet people face-to-face and discuss the house they are offering for sale. By utilizing these methods, sellers may have more success finding potential buyers when selling their home privately without an agent.

How To Handle Questions From Buyers During Showings

When showing a house in Ohio without a realtor, it is important to adeptly handle questions from potential buyers. Start by being organized and prepared.

Have all the necessary documents ready such as deed information, recent appraisals, and any relevant inspections. Be sure to know the square footage and age of the home, as well as any upgrades made recently.

During showings, provide information on local schools, taxes, shopping centers and public transportation options. It is also important to be knowledgeable about local home values so you can effectively explain why your house has been priced higher or lower than similar houses on the market.

Additionally, be sure to discuss any special features that make your house stand out from others in the neighborhood. Lastly, be honest and open with buyers about the condition of the house and any repairs that will need to be made if they decide to purchase it.

Keeping these tips in mind when selling a house without a realtor will help maximize profits and make for successful showings with interested buyers.

Essential Steps For Completing The Paperwork Necessary For Transferring Ownership

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Selling a house in Ohio without the help of a realtor can be intimidating, but with the proper paperwork and diligence, it is possible to maximize profit. The first step is to obtain a tax certificate from the county auditor's office.

This will provide information about any unpaid taxes or liens on the property, which must be cleared up before ownership can be transferred. Next, an owner must complete an affidavit of value form for the county auditor's office.

This will ensure that taxes are assessed at a fair market value after the sale. After that, an owner will need to create a deed for transferring title.

A quitclaim deed is typically used when selling without a realtor since it does not include additional information such as warranties or covenants. Finally, all documents must be filed with the county recorder's office along with payment of filing fees before ownership of the property can officially change hands.

What To Expect When Working With Title Companies During Closing

When selling a house in Ohio without a realtor, working with title companies during closing is an important step in maximizing profit. Title companies exist to protect the buyer, seller and lender involved in the transaction.

Typically, they will review all documents related to the sale of the house, including deeds and liens, to ensure there are no issues prior to closing. During this process, it’s essential for sellers to have proper documentation about the transfer of ownership, such as appraisals or titles for any items that may be included in the sale.

Furthermore, title companies will also provide necessary paperwork such as HUD-1 forms or closing statements outlining all costs associated with the sale. It’s also important for sellers to research title insurance policies available from different providers as this coverage can help reduce possible future risks associated with the purchase.

Ultimately, working with title companies during closing can help sellers maximize profits when selling a house in Ohio without a realtor by ensuring that all legal requirements have been met and that buyers are properly protected.

Exploring Different Payment Options When Selling A House Privately

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When selling a house in Ohio without the help of a realtor, maximizing profit is an important goal. To ensure that you get the most money possible from your sale, exploring different payment options is essential.

Depending on the buyer's financial situation, you may be able to accept cash or negotiate payments over time. If the buyer has access to an equity loan or home loan through a bank, they may be able to make full payment instantly.

Consider offering incentives such as reduced interest rates for buyers who can pay off the loan within a certain period of time or provide closing cost assistance. Additionally, consider allowing the buyer to pay points up front in exchange for lower monthly payments and increased principal payments.

Finally, if you're willing to wait for full payment, consider taking out a land contract with the buyer, which allows them to make payments gradually until they own the property outright. By researching these different payment options and considering your individual circumstances and goals when selling your house privately in Ohio, you can maximize profits and ensure that your sale is successful.

Gathering Resources On Tax Implications Of Selling Property Without An Agent

When selling a house in Ohio without a realtor, it is important to be aware of the tax implications associated with this type of transaction. Gathering resources on tax implications of selling property without an agent should be the first step in the process.

The Ohio Department of Taxation website provides information on capital gains taxes and other applicable taxes when selling property without a real estate agent. Additionally, local real estate professionals may provide insight into additional taxes or fees that may apply when selling property in Ohio without an agent.

It is also important to consult with a qualified accountant before signing any contracts regarding the sale of a house in Ohio without an agent, as they will be able to provide advice specific to your individual situation. Understanding the various taxes and fees associated with selling property without an agent can help you maximize profit when selling your home in Ohio.

Things To Consider Before Deciding To Sell A House Privately

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When deciding to sell a house privately in Ohio, it is important to consider the many factors that could affect the profit from selling without a realtor. The first step is researching local market trends and understanding current real estate values in the area.

This can be done through online search engines or even by talking to a local appraiser. Knowing what comparable homes are selling for in the area will help determine what price range you should list your house at.

It is also important to understand all of the legal documents and paperwork involved with selling a house, such as disclosure forms, contracts, and closing documents. Additionally, understanding local zoning laws and regulations can prevent any potential headaches down the road.

Finally, marketing your property effectively and efficiently can make all the difference in maximizing profit when selling a house privately in Ohio. Utilizing multiple platforms like social media outlets, newspapers, direct mailers, and more will help ensure your property reaches a wide audience of potential buyers.

Can You Sell A House In Ohio Without A Realtor?

Yes, it is possible to sell a house in Ohio without a realtor. With some research and strategic planning, you can maximize your profits when selling a house in Ohio without the help of a realtor.

Knowing the market, understanding pricing trends and researching the current housing market are all important steps to take to ensure that you get the best deal for your property. Additionally, creating an effective marketing strategy is essential for attracting potential buyers on your own terms.

Taking advantage of online listing platforms such as Zillow and Trulia can increase the visibility of your property and make it easier to reach buyers. Furthermore, if you have the right knowledge, skillsets and resources, it may be possible to negotiate a direct sale with interested buyers.

Selling a house in Ohio without a realtor is not impossible; however, it does require dedication, research and planning to maximize your profits.

Do I Need A Lawyer To Sell My House In Ohio?

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No, you do not need a lawyer to sell your house in Ohio. Selling your home without a real estate agent can be a great way to maximize your profit, but it is important to understand the legal document requirements necessary for completing a successful sale.

You will need to have all of the required documents legally filled out before you present them to the buyer, such as the deed and title transfer forms. In addition, Ohio law requires certain disclosures related to property conditions and defects that must be made in writing prior to closing.

Although it is possible to complete these steps on your own, consulting with an experienced real estate lawyer may provide valuable insight into the entire process and help ensure that you fulfill all of the necessary legal requirements when selling your house in Ohio without a realtor.

Who Owns The Items Left Behind In A House After Closing In Ohio?

When selling a house in Ohio without the help of a realtor, homeowners can maximize their profits. However, it's important to know who owns the items left behind in the house after closing.

In Ohio, all items left behind are considered abandoned property and belong to the seller until otherwise specified in the contract. If the seller wishes to keep any items, they should be removed from the home prior to closing.

Otherwise, all remaining items become part of the sale and transfer ownership at closing to the buyer automatically. A home inspection can also help determine if any items have been left behind that need to be addressed in order for a successful closing.

Does The Seller Have To Be Present At Closing In Ohio?

When it comes to selling a house in Ohio without the help of a realtor, the seller may be wondering if they need to be present at closing. The short answer is no; the seller does not have to be present in Ohio when the house is being sold.

However, the seller can maximize their profit by attending closing so they have an opportunity to review all documents and ensure that all paperwork is correct. Attending closing can also give the seller an opportunity to negotiate any points with the buyer.

Additionally, having a representative present on behalf of the seller can be beneficial as they can review all documents and ensure accuracy and compliance with state law. Ultimately, while it's not required for sellers to attend closing in Ohio, they should consider doing so if they want to maximize their potential profits from selling their property without using a realtor.

Q: Do I need a realtor to sell my house in The Buckeye State, specifically in Cleveland or Columbus?

A: Generally speaking, yes. It is recommended that you enlist the services of a realtor when selling your home in Ohio, whether it's located in Cleveland or Columbus. A realtor will be able to help you navigate the complexities of the current Ohio housing market as well as any local regulations unique to your city.

Q: Do I need a realtor to sell my house in Ohio?

A: It is not legally required to use a realtor when selling a house in Ohio, but they can provide valuable assistance with the sale. Realtors have access to the Multiple Listing Service (MLS) which gives them the ability to conduct a Comparative Market Analysis (CMA) and provide counsel and guidance throughout the process. Additionally, they typically have access to lawyers who can help ensure all paperwork is completed correctly.

Q: Do I need to use a realtor to sell my house in Ohio using a flat-fee model?

Real estate agent

A: Although you can market your home for sale with a flat-fee option and email messages, it is important to understand that real estate transactions involve complex contract law. Having the guidance of an experienced realtor can help protect your interests and make sure that the process is completed correctly.

Q: What role does an Escrow Agent play when selling my house in Ohio with a Realtor?

A: An Escrow Agent plays an important role in the real estate transaction process, as they are responsible for verifying that all documents and funds are properly exchanged between the buyer and seller. The National Association of Realtors requires that an escrow agent be used for any real estate transaction, and the escrow agent will provide a warranty to both parties that the transaction is completed properly.

Q: What factors should I consider when determining the median home price of my house in Ohio for valuation purposes in order to secure a mortgage lender for the sale?

A: When determining the median home price of your house in Ohio for valuation purposes, you should consider factors such as location, recent comparable sales prices, amenities, and condition of the property. You should also research home values in your area to compare and get an accurate valuation that will be attractive to potential mortgage lenders.

Q: Do I need to take out a loan or secure a lender if I am selling my house in Ohio without using a realtor?

A: While you are not required to use a realtor when selling your home, it is still recommended that you secure a mortgage lender and take out a loan if you are planning to do so. This will ensure that the sale of your house is properly valued and that you can receive appropriate financing from the lender.

Q: What are the benefits of using a realtor to help me sell my home in Ohio, such as in terms of kitchen and staging upgrades and a home warranty?

A: Working with a realtor can be beneficial when selling your home in Ohio as they have access to resources that can help you stage your home interior, upgrade your kitchen, and secure a home warranty. These aspects can help you increase the market value of your property, showcase its best features, and protect yourself against potential liabilities.

Q: How can I maximize profit when selling my house in Ohio with the help of a realtor?

A: Hiring a realtor to help you sell your house in Ohio is one of the best ways to maximize profit. A realtor has access to data that you may not such as current market trends and access to potential buyers. They can also provide advice on pricing, negotiation tactics, and marketing your property. Additionally, they are familiar with the local area which can be beneficial in terms of understanding what buyers are looking for in the area.

Q: Do I need a realtor to complete a real estate transaction in Ohio?

A: Yes, you will likely need the services of a realtor to help you negotiate counteroffers and ensure that all paperwork is properly filed in order to complete a real estate transaction in Ohio.

Q: What steps do I need to take to prepare my home for sale and market it effectively in Ohio if I'm not using a realtor?

A: To prepare your home for sale and market it effectively without the help of a realtor, you should research the local market to understand current trends, set a reasonable price based on the median home price in your area, make any necessary repairs or improvements to get the best price, and create a marketing plan that includes listing on multiple websites, open houses, and other local advertising.

Q: What factors should I consider when trying to maximize my profit when selling a house in Ohio without a realtor?

A: When selling a house without a realtor, you should consider the following factors to maximize profit: researching the current market and median home prices in your area; determining what repairs or upgrades need to be done to increase value and appeal; marketing the property effectively online and through other channels; understanding all of the legal documents and regulations associated with selling a house in Ohio; and finding an experienced mortgage lender to secure financing for the sale.

Q: What taxes do I need to pay when selling my house in Ohio?

A: When selling your home in Ohio, you are responsible for any capital gains taxes. You should also contact your county auditor's office to determine if any transfer taxes or other fees apply. Additionally, you may be responsible for paying prorated property taxes and commissions to a realtor, if applicable.

Q: How can I advertise my house for sale in Ohio if I'm not using a realtor?

A: If you are not using a realtor to sell your house, you can advertise it by listing it on online classifieds or real estate websites, taking out an advertisement in the local newspaper, creating flyers or yard signs with information about your house and its features, or utilizing social media platforms to spread the word.

Q: What steps should I take to research the market, price my home competitively, stage my home for showings, and advertise it online and offline if I'm not using a realtor to sell my house in Ohio?

A: To research the market, you should look into comparable houses that have recently sold in your area. Use this information to determine a fair sale price for your home so it is competitive with other homes on the market. When staging your home for showings make sure that it looks inviting and neat. Advertise your home online by posting listings on websites such as Zillow or Realtor.com, as well as local real estate publications or newspapers. Additionally, consider using social media platforms like Facebook or Twitter to reach potential buyers.

Q: What are the closing costs that I need to understand when selling my house in Ohio without a realtor?

A: Closing costs typically include fees for attorneys, title insurance, recording fees, taxes, and other charges associated with the transfer of ownership. Depending on the specifics of your home sale, you may also be responsible for inspections, pest control services, and appraisal fees.

Q: How can I maximize profit when selling a house in Ohio without using a realtor?

A: When selling a house without using a realtor in Ohio, it is important to research the market and price your home competitively. Additionally, you should ensure that your home is prepared for showings, advertised both online and offline, and properly valued by a mortgage lender in order to secure the best possible sale price.

Q: What home inspection steps should I consider if I'm not using a realtor to sell my house in Ohio?

A: If you are not using a realtor to sell your house in Ohio, it is important to take the necessary steps to inspect the home thoroughly. These can include evaluating the roof, electrical systems, plumbing, HVAC system, foundation, and any other structural elements of the house. Additionally, it is important to make sure that all safety features such as smoke and carbon monoxide detectors are up-to-date and functioning properly. Having these inspections done by a certified inspector and making any necessary repairs can help ensure that your house will be marketable when it comes time for buyers to view the property.

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