9 Steps in Selling Your Home


If you’re in a position where you need to relocate, downsize, or need a larger home, then you need to be prepared for selling your current home.
It can be a stressful experience you might endure. When it comes to selling your home, some things are out of your control, but being aware of these steps can help save you time, money, and headaches.
 

1. Hire a Realtor®

Hiring a Realtor® with an extensive background can make your process run a lot smoother. They will prepare everything that is needed when selling your home, and most importantly they will be with you every step of the way. Communicate your needs and goals, and hire an agent that you can trust. Hire an agent that can get you the most from your sale through their negotiation and experience.
 

2. Pre-sale Home Inspection

Uncover any damages or issues on the property. Doing so can prevent any issues that might arise with the buyers and will let you know the current condition of your home. This will provide buyers the confidence and assurance when deciding to purchase.
 

3. Home Improvements and Not Wasting Money on Unneeded Upgrades

Upgrading your home can separate your home from luxurious to mediocre. But unneeded upgrades can cost you more and they won’t increase the price or add value to your home. Some ideas are fixing damages such as cracks and holes on your walls, adding fresh paint, replacing new flooring, replacing your windows, upgrading appliances, and enhancing your curb appeal as this is everyone’s first impression when they set foot on the property.
 

4. Pricing Your Home

Your Realtor® will price your home competitively based on the comparables (recent homes in the area that were sold and their sales price) that they research. The comparables can help you estimate the price of your home based on similar ones.
 

5. Staging Your Home

Showcase your home in the best light. Hire stagers to decorate, add furniture and provide insights on how to paint your home. Staging your home has shown to increase the offer prices and close homes quicker. You want to showcase your home so that potential buyers can envision them living there.
 

6. Hire Professional Photographers

Having professional photography done can attract those buyers who have not yet seen your property in person. Most buyers are online and their first impression is through the quality of their photos. Leveraging professional photography can be included in your marketing – digital and traditional.
 

7. Preparing the Marketing and Put Your House on the Market

Find the channels that you want to market your home such as social media, email, your sphere of influence, postcards, advertisements, etc. This will provide additional exposure to your listing to reach a larger audience. Include information about the listing that would motivate individuals to visit the property and learn more. Your Realtor® will schedule open house days and times to attract potential buyers to the property.
 

8. Review and Negotiate With the Buyers

Has paperwork prepared to provide a smooth transaction? By having the disclosures readily available, your buyer will know property issues upfront to avoid/minimize negotiations.
 

9. Closing Cost

The sale price is allocated to your Realtor® for their commission. Some expenses that the seller might also have to pay are transfer tax, property reports, title insurance, escrow and closing fees, etc. Be ready to complete paperwork and hand over your keys to the buyers.

Comments

Post a Comment

Popular posts from this blog

Pandemic-Friendly Tips for Selling Your House

Pandemic-Friendly Tips for Selling Your House At first glance, it might appear that a home sale is impossible during a worldwide pandemic. However, nothing could be further from the truth. Check out these resources to help you navigate a successful home sale, regardless of what COVID-19 sends your way. Technology Is Your Friend In one sense, the pandemic couldn’t have come along at a better point in history. Since our age has the advantages of technology, we can do things to accommodate home sellers that no generation before could consider. ●         Go online   to explore the real estate market in your area. ●       Consider adding   drones   to your arsenal of home-selling tech, since it’s a great way to present your property from unique perspectives. ●       Hubspot suggests you ease staging woes with well-chosen   apps for virtual staging . ●       Prepare your home for   presenting it virtually   to buyers via photography and virtual tours. Safe Showing
Read more about this entry »»»»

FINANCIAL RELIEF TO EMPLOYER, EMPLOYEE AND INDEPENDENT CONTRACTOR

Image
FINANCIAL RELIEF TO EMPLOYER, EMPLOYEE AND INDEPENDENT CONTRACTOR The Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed on March 27 to provide financial relief to small business owners, independent contractors and other unemployed Americans.  The Act was unprecedented in size and was passed quickly through Congress to speed relief to those harmed by the COVID-19 crisis. There are many ambiguous provisions in the law that will be clarified by rule-making at the federal and state agencies. April 6 Updates The SBA has announced that lenders may begin processing loan applications as soon as April 3, 2020 for small businesses, and April 10, 2020 for independent contractors and the self-employed. If you need assistance finding a PPP lender, SBA has created a “ Lender Match ” tool that allows you to search for lenders based on your Zip Code. As of April 6, Wells Fargo has stopped taking PPP loan applications. Please use the “Lender Match” tool to find anothe
Read more about this entry »»»»

Think This Is a Housing Crisis?

Image
  Think This Is a Housing Crisis?   Think Again. With all the unanswered questions caused by COVID-19 and the economic slowdown we’re experiencing across the country today, many are asking if the housing market is in trouble. For those who remember 2008, it’s logical to ask that question. Many of us experienced financial hardships, lost homes, and were out of work during the Great Recession – the recession that started with a housing and mortgage crisis. Today, we face a very different challenge: an external health crisis that has caused a pause in much of the economy and a major shutdown of many parts of the country. Let’s look at five things we know about today’s housing market that were different in 2008. 1. Appreciation When we look at appreciation in the visual below, there’s a big difference between the 6 years prior to the housing crash and the most recent 6-year period of time. Leading up to the crash, we had much higher appreciation in this country than we see today. In
Read more about this entry »»»»