There’s more to selling a house than you may be aware of when you make your initial decision to move on to the next chapter of your life. When selling a house, what you don’t know can cost you money and cause delays. Save yourself a bit of frustration by being prepared. A good place to start are these 6 helpful steps.
Step 1 – Choose a Professional Real Estate Agent
Wouldn’t it be wonderful if all you had to do was purchase a for sale sign and place it in the front yard? In a perfect world, buyers would rush to see your house and it would sell within days. The reality is that it takes experience, knowledge, and skill to sell a home in today’s competitive real estate market. Find a professional real estate agent to assist you in completing a successful transaction. They will give you valuable insight on setting the asking price and make sure your listing reaches as many potential buyers as possible. Their negotiating skills become important when multiple offers hit the table.
Step 2 – Set the Right Price
Set the asking price low and you lose money. Set the asking price high and you delay the sale of your house. It’s easy to see why setting the correct asking price from the start is one of the success keys. Do a bit of research to determine the value of your property. Start with tax documents and then seek the advice of your real estate agent. They will help you determine the accurate value by looking at recent sales in your area and other factors. Keep in mind that the asking price is different from the selling price. While the asking price is what you hope to get from the sale, the selling price is what a buyer agrees to pay. Ideally, you want these two amounts to be close.
Step 3 – Get the Property Ready
During the home selling process, several inspections will happen to check for structural integrity and other issues. The last thing you want is the embarrassment that comes with an inspector finding a problem that you should have taken care of before placing the house on the market. Do a thorough check of the property and repair or replace anything that needs your attention. Pay special attention to housing systems and areas you may not check on a regular basis.
Step 4 – Be Ready for Showings
You’ve made sure everything is in top condition. Now, it’s time to stage your house and keep it ready for potential buyers. You’ll want to complete a deep cleaning, organize closets, and create an appealing environment. One of the challenges a home seller faces is keeping it show ready once the staging is done. Have a plan and enlist the help of all household members to keep things tidy. If you have small children, make a game out of clean up time. Simple things like not leaving dishes in the sink and picking up toys after play time will help.
Step 5 – Open Your House to Buyers
During the sale of your house, there may be several open houses. During an open house, potential buyers are invited in to look around the property. Your real estate agent will be on hand to answer their questions. You may think it’s a good idea to be on hand, but it’s a better idea to be absent that day. Buyers will be at ease when it comes to asking questions if they feel comfortable. If you have pets, make sure they are in a safe and secure location. Some buyers may have allergies or fears that you should consider. It’s also less stressful on your pet.
Step 6 – Accept an Offer
Your real estate agent is making sure that your home reaches as many potential buyers as possible, and it won’t be long before one or more offers come in for your property. While your agent will offer valuable advice on the offers, it’s ultimately up to you to choose the one you prefer. Once you accept an offer, the inspections begin and an appraisal is completed. Because of your preparations, these steps should move along smoothly. When the closing day arrives, you will hand over the keys to the new buyer and move forward.
The best source of information about local communities and real estate topics is your real estate agent. Give Tim Burroughs a call today at 208-409-7653 to learn more about the area, discuss selling your house, or tour available homes for sale.