The home selling process can be a complicated and intimidating one, especially if you’re not familiar with how it goes. Here are some important things to keep in mind about the home selling process:
Know Why You’re Selling a Home
If you’re deciding on whether to sell your home or not, there are plenty of signs to know when it’s time. Some of the most common reasons to sell a home are:
- If the space in your home is too getting too tight
- If you can afford a home that fits your lifestyle
- If you’re ready to downsize (empty nester)
- If you have the equity
- If the housing market changes
Enlist the Help of a Professional
While it is possible to sell your home without hiring a real estate agent, it’s always best to work with one. The right real estate agent can be the key to home selling success, by helping you sell your home quickly and for a good price. A real estate agent can also supply you with useful knowledge about the local real estate market and your local area.
Price Your Home Correctly
One of the most challenging aspects of the home selling process is determining how much your home is worth. There are a number of variables that come into play when figuring out your home’s sales price. You’ll need to consider:
- Current market value
- Comparable sales
- Pending sales
- Home upgrades and renovations
- Distance, location, and features of the home
You can also make use of online home valuation tools that will give you an idea of your home’s value.
Declutter Your Home
Cleaning out your home makes it look more spacious and appealing to potential buyers. This way, buyers can focus on the best features of the home instead of the clutter and mess. It also allows buyers to envision themselves living in the home.
Hire a Professional Photographer and Home Stager
When your home gets listed in the Multiple Listing Service (MLS) and other online real estate databases, it’s important for your home to stand out. Hiring a professional real estate photographer can provide you with high-quality photos that display the best features of your home.
A professional home stager also helps your home look more photo-ready by rearranging your furniture and decoration. They assist you in decluttering, depersonalizing, and improving your home’s curb appeal.
Use the Right Marketing Tools
Aside from your home’s listing on the Multiple Listing Service (MLS), Zillow, Trulia, and Realtor.com, there are plenty of other ways to spread the word regarding the availability of your home. Other useful marketing tools used by homes sellers are social media, print advertising, for sale signs, and open houses.
Look Over the Buyer’s Offer
Once you have a buyer who submits an offer for your home, you should read through the purchase agreement, a legally-binding document that lists the sale price, the time frame, the settlement date, and other important details in relation to the sale. With your real estate agent, assess what the buyer is offering before you accept and seal the deal.