Your goal is to get the best possible price for your home and selling it quickly.
Whether you’re downsizing or have outgrown your starter home, selling your house can be complicated from organizing paperwork, listing your home, scheduling open houses and showings, and dealing with regulations. Becoming familiar with the home selling process early will help you avoid problems later. Here’s an overview of the basics:
Step 1: Create a Marketing Plan
Develop awareness of your home in the local marketplace. Post and list your home online using different relevant sites or directories and have open houses. This will help maximize your home sale in the shortest closing time.
Step 2: Determine the Price
Pricing your home is one of the most important factor in the selling process. As a seller, you want to avoid under pricing the value of your home while still attracting a great volume of potential buyers. Get an idea of the listing price of recently sold homes in your area. Make use of comparative market analysis report which will give you a good idea of what your home is worth.
Step 3: Staging your home
It is now time to prepare your home for the showing. Start with a good cleaning, de-clutter, adding a fresh coat of paint and tidying up the yard. This will help boost your home’s curb appeal and impress prospective buyers.
Step 4: Safeguard yourself
There are cases when a home sale can also be an invitation for danger. Keep yourself safe by asking identifications, pre-approval letters, informing your kids not to open doors to strangers, keeping your pets restrained during a showing and hiding your valuable items.
Step 5: Closing the Deal
A buyer has finally made an offer. You can bank on your real estate agent to guide you through the process. Once you accept the offer, try to meet up the deadlines and criteria such as the home inspections, buyer visits, deposits and other steps. Be ready if there is renegotiation of the accepted offer based on the outcome of the visits by the buyer. Perform necessary repairs when needed as agreed upon in your contract. Get the house ready for a complete and final walk-through by the client. With everything signed, it’s time to hand over the keys.