Selling your house – it’s a big decision and involves stress, work and a lot of back and forth with potential buyers.
As you may already know, there are a lot of things to consider when selling your house, and it’s important to be as informed as possible before you give away your keys (quite literally).
In this article, we’ll give you some useful advice that you should keep in mind.
The Process of Selling a House
The first thing you need to do when selling your house is to decide if you want to hire a realtor or if you want to try and sell it yourself.
If you want to do it yourself, you need to be aware of the abundance paperwork and you also have to list your property in the big websites.
This can be a lot of work, but it can also save you a good chunk of money on commission for the realtor.
If you decide to work with a real estate agent, they will handle all of the paperwork and marketing for you – that’s a huge plus in our book. They will also help you with the negotiation process. It’s pretty much hands off.
Tips for Preparing Your House for Sale
Pricing Your House Competitively
One of the most important things you can do when selling your house is to price it according to the market.
Finding the right balance between pricing your house too high and too low is tricky. If you price your house too high, it will sit on the market for a long time without getting any real and potential offers. If you price it too low, you’ll end up losing a ton of money.
The best way to find the right price for your house is to work with a real estate agent who knows the current market dynamics and can consult you on a realistic price.
Staging Your House for Potential Buyers
First of all, you should make sure that your house is in good condition. This means fixing any damage and making any necessary repairs. That crack in the wall you’ve never fixed? Now it’s the time to get the paint out. The squeaky door that bothered you for years? Get some WD40 and enjoy the silence.
Second, you should also declutter your house and remove very personal items that could turn potential buyers off, e.g. collectibles etc..
Finally, you should clean your house as good as you can and rent some beautiful décor (if you don’t have any) to make your house as beautiful as possible.
You want potential buyers to feel right at home to feed their desire to buy it.
Working with a Real Estate Agent
If you want to hire a real estate agent, you should conduct several interviews before deciding on one. Ask for past references to see their track record in the real estate market. Trust me, it helps.
Once you’ve chosen an agent, you should be clear about what you expect from them and what their commission will be.
Marketing Your House Effectively
There are many ways to market your house, including online listings on the biggest real estate platforms, holding open houses, and even the traditional but very popular yard sign
The most important thing is to stand out from the rest of the listings. You want your home to pop among all of the houses for sale.
Make sure you get a professional photographer to take some beautiful pictures of your house once it is repaired, cleaned and staged. They have the eye for the perfect angle and it will help a ton in making your listing pop out from the rest.
Negotiating with Potential Buyers
Once you start receiving offers on your house, it’s time to start negotiating with potential buyers.
It’s important to remember that the goal is to get the best possible price for your house.
However, there are other factors that can come into play during negotiations, such as the buyer’s ability to get financing and the buyer’s timeframe for moving into the house.
Ideally you want your real estate agent to take care of that. It really is a hassle.
Closing the Sale
After all parties have agreed on a fair price it’s time to close the deal (so to speak).
Get the contract drafted by your real estate agent or a lawyer, so it is bullet proof.
Make sure that the counterparty is aware of any issues with house, so they can’t come after you once the sale is final.
Selling your home is a big decision that shouldn’t be taken lightly . There are many things to consider during the process , but hopefully this article has given you some useful advice.