I understand how hectic it can be to sell a house and also stressful if not handled properly. To help you through the entire process, I’ve put together five simple steps:
Step 1: Decide To Sell
When you sell, you want as much value as possible for your home. So you might want to consider the timing of the sale because it definitely has an effect on the value. You don’t want to sell when it’s a “buyer’s market,” when too many homes are for sale and there are not enough buyers. Seasonality is something to consider because typically more homes are sold in the spring rather than the winter.
You can increase the value by enhancing the appeal of your house. There are various ways to do this and it all depends on the amount of monetary resources available. You can renovate your house by remodelling an area or just freshen up the walls with a new coat of paint. If the exterior of the property is well maintained with lush green grass and attractive flower beds it shows pride of property, it sends a message that the interior will not disappoint. Remember, we never get a second chance to make a good first impression!
Home inspections are also something that you can do to prove the value of your home. Buyers will usually ask for a home inspection, so if you do it ahead of time it will definitely impress them. It also prevents unpleasant surprises and the opportunity to make any repairs.
Now you’re ready for the for sale sign!
Step 2: Hire An Agent
They have to be a trained professional who knows your area inside out. A great agent is someone who listens well to help you accomplish your goal.
Step 3: List Your Home
Now you've found the right Realtor, they will list your home. A report on market data will be complied to accurately value your home based on the prices in your area. At this point your Realtor may suggest to stage the home, as a fresh pair of eyes can make some very helpful suggestions.
Once that has been completed, your Realtor will market your home through various media outlets and listing sites to create strong buyer interest. They can post on Multiple Listing Service (MLS), social media, blogs, and websites.
There will be open house appointments, first for local realtors and then for the buying public.
Step 4: Receive An Offer
Not all offers are equal and that’s where your real estate agent comes in. They will help you get to know the terms and conditions regarding the price that the buyer wants to pay, financing conditions, or other things like inclusions and exclusions that the buyer wants to make.
Price is not the only consideration, you have to carefully look at the other details included in the sale. Appliances, chandeliers, or even minor renovations can also be part of the deal. Shorter or longer closing dates can also be specified by the buyer.
If there is something in the offer that doesn’t satisfy you, counter offers or negotiations can be presented to help you achieve your goal.
Step 5: Close The Sale
There will be closing costs associated with the sale that need to be paid either by or on the closing date. It can include mortgage application fees, inspections and legal fees. But once that’s taken care of, you can pass your old keys to the new owners.
Congratulations! You have officially sold your home!