Whether it’s downsizing to a different type of house or needing to relocate, selling your home doesn’t need to be a headache-inducing process. Here’s a basic guide to help you get the most out of selling your property.
Choosing a Listing Agent
While you can sell your property on your own, it’s highly recommended to work with a real estate professional, as they have skills that have been honed through years of experience and can market your home to the right buyers through their network of personal contacts. Select an agent with a good track record of selling, particular homes in your specific area. Your agent will actually be your guide and partner in selling your house, so pick someone who clearly understands your goals and is genuinely concerned with the outcome of the selling process.
Inspecting Your Home
You can identify potential problem areas of your home and find out if repairs or improvements are necessary if you have a home inspection done as early as possible. If repairs are needed, have them done right away as they might cause problems later on when buyers start looking at the house.
Getting Your Home Ready
Remember that first impressions count a lot when selling a house, so spruce it up to make it more appealing to potential buyers. Keep it clean and free of clutter, give surfaces a fresh coat of paint, and tidy up the yard and garden to bolster your home’s curb appeal. Staging your home properly with the right design and furniture elements can do wonders that will surely attract attention from buyers and also give you opportunities for getting higher offers.
Setting the price for your home will involve many factors such as current market conditions, time of the year, prices of similar homes on the market, and more. It can be quite a challenge, but your agent will assist you in coming up with the best price for your property. Pricing is crucial, as overpricing will drive away potential buyers and make your home languish in the market listings, so it’s important to get this right.
Most home buyers nowadays do their searches online, so your agent should be able to list your property on the MLS and real estate websites, as well as the various social media platforms. Reaching more interested buyers is the key, so marketing to traditional media outlets should also be done. Your home should also have excellent photographs, as visual appeal is considered a top priority for most home buyers.
Reviewing and Negotiating Offers
Take the time to review each offer you receive very carefully, no matter what the price, and pay attention to the buyer’s finances, contingencies being requested, and others. Your agent will assist you in evaluating each offer and advise you on what to do, like making counter offers if necessary, eventually guiding you in making the best choice.
You’re in the escrow phase once you’ve accepted an offer, and you’ll have to meet certain contingencies like home inspections and appraisal by the buyer’s lender. Be prepared to make repairs and renegotiations, and listen to your agent’s advice and proposed solutions that represent your best interests.
When all contingencies and conditions have been met, and the buyer’s financing has been processed, you’ll then hand over the deed to the buyer, along with the keys to your former property. The deal has been closed, and your home has been sold–congratulations!