Complete instructions for first-time home sellers
Are you looking to sell your home? If so, this article is for you. It covers everything from setting the right price and finding a trusted real estate agent to packing up and getting ready for Uhaul to arrive. Whether selling a house “as is” or planning extensive upgrades, the primary requirements remain the same during this process.
Guide to selling your home
- Making your house sellable is the first stage, from increasing curb appeal to touching up the painting and decluttering. This process can increase your asking price tremendously with a reasonably low budget – depending on the condition of your house. You want potential buyers to see the full potential of your home from the moment they arrive in the driveway. If you don’t want to tackle this endeavor, you should consider hiring an experienced home stager to consult and guide you.
- Once your home is tip-top, it’s time to consider pricing. To determine a fair listing price, you will want to research recent sales of similar homes in your area (known as “comps”). Contact your real estate agent for advice on what price they think your home will fetch in the current market.
- Once you have a price in mind, it’s time to find a real estate agent. If you don’t already have a real estate agent that you work with, we recommend asking friends or family for referrals. You can also look for agents online or in your local paper. Once you have a few agents to choose from, interview them to see which one you think would be the best fit to help sell your home.
- Once you have chosen an agent, they will help you determine when to list your home for sale. In most markets, homes are typically listed during the spring and summer months, when there is the most demand from buyers. Your agent will also help you develop a marketing plan to sell your home as quickly as possible.
- Once your residence is on the market, you can begin showing it to potential buyers. Your agent will help schedule showings and open houses; flexibility is essential during this process. You may need to leave your home for several hours at a time so that buyers can come through and take a look around.
- Once a bid is made on your residence, it’s time to start negotiating. Your real estate agent will play a considerable role in guiding you through the process, but ultimately it is up to you to accept or reject an offer. If you accept an offer, the next step has a professional home inspection. It is vital to ensure that there are no hidden problems with your home that could come up later during the sale.
- If the buyer has inspected the property and agrees to move forward with the deal, it’s time to start packing your belongings. If you are moving, now is also the time to start planning your move. Your real estate agent can offer you a list of reputable movers in your region.
What to expect during the selling process?
A house sale is both exciting and anxiety-provoking. It’s crucial to remember that you aren’t alone in this process—if you have an experienced real estate agent, they will be there for you every step of the way. The following are a few of the things to anticipate throughout the selling process:
- You will need to make your home available for showings. It means you may need to leave your home for several hours at a time so that buyers can come to take a look around.
- You may need to make some repairs or upgrades to your home before listing it for sale. Your real estate agent can guide you on what steps to take to get the most money for your home.
- You will need to be flexible with your schedule. Showings can happen at any time of day, so you will need to be prepared to leave your home on short notice.
- You’ll have to bargain with potential buyers. Although your real estate agent will take you through the process, it is ultimately your decision whether or not to reject or accept. Always take your time when considering offers.
- You may need to have a professional home inspection done. It is vital to ensure that there are no hidden problems with your home that could come up later during the sale.
Steps to close a real estate deal?
Closing the contract is the final step in the selling process. It is where you will finalize all the documentation related to selling your house. Your real estate agent will assist you with the entire process of completing the transaction. During this process, you can expect the following:
- You will need to sign a contract.
- You must provide proof of ownership.
- You must provide proof of insurance.
- You must pay any outstanding fees or taxes.
- You will need to provide a home warranty.
- You must schedule a final walk-through.
Once all the paperwork is complete, and everything has been signed, the sale of your home will be finalized. Congratulations, you are now a pro at selling your property. Enjoy the new beginnings!
Also Read Top 10 Things That Devalue A Home: A Guide For Homeowners