4 Steps You Should Know About the Home-Selling Process
Whether you plan on selling your home alone or through a real estate agent, you need to think about preparing it for the market, determining the price, sealing the deal, and handing over the role of ownership.
This is why it’s extremely important to know which steps to follow when deciding to sell your home. Below, we’ve put together a small guide with the most important steps that will guide you in the right direction to ensure that your home-selling experience goes as smoothly as possible.
Estimate the Cost of Your House
Selling a property, for instance, in bigger places like Ontario, CA requires great focus and work. Even though realtors handle most of the paperwork, as a seller you must prepare the property and determine the price. Setting the right price is essential when selling a property. Inflated prices can scare away potential buyers, but going too low with the price might also result in you losing money.
Therefore, conduct your research and see how much the houses in the area are selling for. Also, consider the age and condition of the home and calculate your home equity. On such a note, we should add that many factors can make or break the home selling process. Fortunately, there are excellent online resources available like wahi.com that you can visit and learn more about what to expect during your home-selling process.
Know that you might get surprised by the cost of selling as much of the earnings are spent on real estate agent commissions, home repairs, appraisal, closing costs, as well as moving expenses.
Spruce Up Your Home
After getting all the paperwork together, you must make sure the home is in a good condition. If you’re looking to raise the value of your home and fetch a better price, remove all clutter and renovate if necessary. However, if you’re to invest a bit of cash in renovations, make sure that the renovation work increases you’re selling price but doesn’t leave you with a lighter wallet.
Add a fresh coat of paint on your walls, look into your HVAC system and see if it’s running properly, replace any old windows, and fix whatever’s broken. To make the home stand out, don’t forget about the outdoor space and add some comfortable furniture or grilling equipment as potential buyers tend to love such details. This can also net a higher profit and strike a deal with buyers more easily.
Ensuring that the home passes all inspections so fixing and repairing things will all be worth it in the end.
Choose an Experienced Real Estate Agent
If you don’t want to go through the process of selling your home alone, you might be considering hiring an experienced realtor to guide you. A professional realtor will make sure you understand the selling process but do know that different realtors charge different commissions based on the house’s sale price and you will have to agree to their fees, contract length and whether the contract is exclusive to that agent or not. Therefore, when choosing your realtor, do some research and make sure you pick someone who suits your budget and specific needs.
Ask for recommendations from people who you know have gone through a similar home-selling process, especially if they’ve dealt with a realtor who is familiar with the same neighborhood. Always ask about their experience in the field and their average list-to-sale ratio. Realtors can be of great help when it comes to choosing the right time to sell, listing the property on an online site, determining a good sales price, organizing showings and completing the necessary paperwork. If for some reason, you don’t want to hire a real estate agent, we strongly advise you to contact a legal estate lawyer to gain provide greater clarity in the home-selling process and reduce the probability of any mistakes made.
List the House
Once you find a good realtor and set the right price, it’s time to list the house. Use online house catalogs but talk with your realtor to see if there’s a better way to reach a larger network and make sure that the house gets the right amount of attention. Keep regular contact with your agent and see whether the interest in your house or any offers made is worth your time. Don’t rush the process but try to negotiate and respond with a counteroffer to get the best deal possible.
When selling a home, you must have a good plan and consider all aspects. Educating yourself on the home-selling process and working with experienced realtors will make a big impact in the end and help you have a pleasant experience.