A Quick Guide To Selling Your Home
Today’s blog post is contributed by William Wagner, a guest contributor. Please see the contributor’s details at the end of this post.
Nobody says selling a house is easy, even in an exceptional real estate market. Buyers are always searching for their dream homes and they will not settle for less. Little details like cleaning the house or make small repairs before the open house can count in big ways. Most likely, you will be bombarded by a lot of questions about the processing and how long will it takes. This is the reason why we are going to discuss here simple but effective ways of selling your home and how to keep it a market dinosaur.
I Want to Sell My House, How Do I get Started?
It is a misconception to assume a house will sell on its own. Big markets and city-wide competition will make your house almost incognito unless you have a savvy agent and have done the work to prepare your home for sale. Buyers want to live their ideal lifestyle in your home, so it’s important to always keep the buyers in mind in the course of the whole preparation process.
Do Market Research and Price It Right
Every home seller wants to earn a profit of his or her house, but don’t sellers can’t be too greedy. You cannot price a 3-bedroom home for $700,000 when the neighboring houses are being valued for $400,000. Most buyers will always choose other options, because of the value is not there despite how many beautiful features your house have. You must do a thorough research in the real estate market to figure out the correct value for your home. If a waterfront house in your neighborhood recently sold for $800,000, then that can be your starting point in considering the price for your home.
Get a Great Realtor
Having an expert real estate agent can do wonders for your real estate sale. To find a great real estate agent, you will need to do a bit of research to make sure the agent you hire is qualified and knows your market like the back of his or her hands when it comes to selling your house.
Many agents specialize and are expert in their markets. Some agents are specialized in foreclosures while others have expertise in selling condos. Or some may specialize in a neighborhood, etc. Experienced real estate agents are knowledgeable in identifying marketing strategies to target your potential buyers. They can spot problematic buyers or recommend solutions if they see potential issues with your sale. Furthermore, they have a support network of other professionals like home stagers, cleaners, etc. to help you to prepare your home for sale.
Get Your Home Inspected Before Listing
One suggestion before listing your house for sale is to get it inspected. This is to unearth any problems that could emerge during the closing inspection for the home buyers. If the closing inspection reveals major issues, like problems with the foundation, the buyer can back out or negotiate for a lower listing price.
So, to avoid this potential costly disaster, have your home inspected first. Assess if there are some areas that need improvements or fixing and make sure the buyers will have no reason to back out on the deal. Investing a little extra money on home inspections will save you a large amount of money and time down the line.
Here are some examples of areas for inspection:
- Evaluation of the structure and mechanical areas
- Radon gas testing
- Termite testing
- Structural safety checks on roofs and foundations
A home inspection gives you the firsthand information on the physical status of your house. If the inspection shows that everything is fine, then you don’t have anything to worry about. If there are some areas that need repairs, then you still have time to do the repairs.
Showcasing Your Home
Put yourself in the buyers’ shoes when you’re preparing your home for sale. When buyers come during the open house, they will see if they can imagine themselves living there. Homes that appear to be poorly maintained, like having chipped paints on the front door, broken fixtures, etc. can turn the buyers off. So it’s important to keep the home neat and clean. Do necessary touch ups like painting the rooms, clean the windows, fix the gutters, change out outdated light switch plates, etc. Tiny details like this may not seem much, but they can make buyers feel that you’ve invested time in your home to maintain it properly.
Getting to SOLD!
In today’s real estate marketing world, posting a “For Sale” sign in front of your house is no longer effective. Experts in real estate selling have proven that little fixes and repairs of your home will go a long way in impacting the buyers’ decisions. Things like showcasing your home to pricing it correctly can entice buyers to put in offers to buy. An experienced real estate agent is also someone important to have on your side to help you navigate through the waters, market your listings to the potential buyers and negotiate the best deals on your behalf.
Contributor bio: William Wagner is a researcher, writer, and blogger for almost a decade. He writes almost anything, but he specializes in business and finances. He is currently working with Strive Lending, a veteran owned mortgage lender helping other veterans.
Photo credit: Irene van der Poel Photography