Selling your home? Take these bits of advice to heart.

Getting involved with the North American real estate market using islamic home financing is the best way for a practicing Muslim to own some property and stay Sharia complaint at the same time. Islamic mortgage financing will help you build up some equity but inevitably there will come a time when you’ll want to leave your present  house for for some new digs. Here’s some solid advice to make the whole thing go off as pleasantly as possible.

  1. Make sure you have a good listing agreement. There are lots of pieces of information that will need to be included here like the real estate agent’s compensation and the listing price as well as an accurate description of the property for sale.
  2. Disclosure. Talk with your agent and lawyer about what you’ll need to disclose in writing so you can stay on the right side of the law.  You need to be transparent about home defects that can affect the buyer’s costs and enjoyment of the property or face the legal consequences.

Setting the price is another aspect of selling that you need to get just right. Ask for too much and you’ll price yourself out of the market. On the other side of that coin, setting the numbers too low means you’ll be disappointed with a quick sale that leaves your wallet light.

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