Tips to Sell Your Home
Tips to Sell Your Home
Selling anything can be draining, especially when you have to deal with people who would rather throw out a low offer despite knowing that they’re being presented with a great deal. When it comes to selling your home, there is no reason to add to the stress of dealing with buyers when you can have a professional handle everything. If you are still wondering whether you should seek outside sources for help in selling your home and what to do next then you have come to the right place. We have plenty of ideas for you to ensure that you are fully aware of how to go about selling your home no matter what choice you make.
How To Sell
The first thing you will have to figure out is whether you will be selling on your own or with a real estate agent. If you’re intending on working with a real estate agent then you need to remember that you can’t just work with someone’s relative or friend, you will need someone who is experienced and knows how to get the job done. Your number one priority is selling your home quickly and for the most money and an experienced real estate agent can do that for you.
Real Estate Agent Knows the Ins and Outs
Although we live in a digital age where you can definitely list your home online on your own, that does not mean your job is done. When a real estate agent lists a house for sale, they will be dealing with marketing the home along with preparing paperwork and communicating with the potential buyer’s agent. Not only does the real estate agent have to do various things rolling to sell your home, but they have to deal with the buyers too. If you’re not fond of turning into a salesperson and having to convince people to love your home enough to purchase it then a real estate can do wonders in this area too. The real estate agent will know how to make your house have an online presence which will result in more potential buyers seeing your home along with conducting more marketing strategies. Although there are fees with dealing with a real estate agent like paying for their commission, it is better to choose to work with a professional who can guarantee that you will get a great payday in the future once they sell your home.
For Sale By Owner (FSBO)
If you have decided to sell your home on your own then you might be thinking that you will be saving money because you won’t have to pay a commission to anyone. However, before you start spending that money on something else you will have to keep in mind that you will have to pay for the commission for your buyer’s agent. You will have to consider the fact that if your selling your home by yourself then you most likely will not sell it for the amount you want it for. When working with a real estate agent, the agent can devote all of their time to work on all aspects of the sale, they will know how to get the right price, deal with paperwork, financing for the buyer and more. According to For Sale By Owner statistics, “FSCBOs accounted for 9% of home sales in 2013. The typical FSBO home sold for $184,000 compared to $230,000 for agent-assisted home sales.” If you’re not a fan of money then take a chance and sell on your own but it does not guarantee that you will see a sale happen for quite a while. It could take months or longer to happen for you. However, working with an agent will ensure that your house will sell and you can potentially sell it for more when working with a professional.
Pricing Your Home
When you are about to price your home, it is always a good idea to ask a real estate agent to help you with this area. You have lived in your home for a very long time and might be blinded by your love for it that you might not be objective when it comes to a price that suits your home. You might be thinking it is worth way more than it really is and this can be your sale’s downfall since no one will be willing to pay for something that is overpriced. One way to determine your home’s value is to use a comparative market analysis (CMA) which will compare your home to other houses near yours. It will compare your home to homes near you and look out for homes on the market or have been sold recently with the same size and similar features. CMA will help you understand your house’s competition and give you a more accurate prediction of how much a buyer will pay for your home.
There is plenty to do when it comes to selling your home which is why we recommend creating a home-selling timeline. Creating a timeline can ensure that you have everything prepared and ready as time goes by and you are nearing the date that you want to sell your home.
- FSBO or Real Estate: The first thing you will have to figure out is whether you will be selling on your own or getting help with a real estate agent. This is one of the most important decisions in your home-selling process and this will need to be answered ASAP.
- Interview: Once you got the “how you’re selling your home” out of the way, the next thing you will need to do is interview real estate agents if you have chosen this route in the home-selling process.
- Checklist: You will need to speak with your agent about creating an outline of a plan to ensure that all priorities are being taken care of.
- Declutter: The most fun part of the selling process is decluttering. Just kidding. This is the most tedious and somewhat fun part of selling your home. You will be deciding on what you will be taking with you to your next home and what you will be kicking to the curb.
- Home Inspector: A home inspector is crucial when selling or even purchasing a home. The inspector will have a thorough check of the house and inform you about any problems. This is important to do early on so you can put the costs of these repairs in your budget.
- Repairs: You can speak to your agent about the repairs that should be prioritized to ensure that the future owner is comfortable enough to purchase the home. Speaking to your agent will also help you figure out which ones are crucial enough to be fixed.
- Set the Stage: Setting up your home is important because this will either make or break the sale. By doing this, it creates a comfortable and inviting environment where the potential buyer can easily see themselves living in these spaces.
- Deep Clean: Deep cleaning your home will help with setting the stage of your home. You wouldn’t want to buy a house that looks dirty which is why deep cleaning is important. You can scrub all the surfaces of your home or even go all out and hire a pro who will make everything look and smell like they are new.
Finishing Touches: Go through your home once more and triple check everything looks clean and brand new especially so the photographer can capture it looking its best.