Selling your home can seem like a daunting task if you’ve never done it before. All it takes is a little bit of research before you begin the process to help ease the stress and confusion you may be having right now. Look over these six steps to selling a house before you dive into selling your home.
Step 1 – Real Estate Agent
When dealing with a significant financial investment, such as your home, you want a professional on your side. If you want all your bases covered, working with a real estate agent can prove to be very useful. There are inner workings to selling a home that you likely have never dealt with before. A real estate agent handles those inner workings daily. Don’t risk losing out on the best possible return on your investment by ignoring the knowledge and expertise a real estate agent can offer.
Step 2 – Show Ready
One of the keys to successfully selling your home is making sure that it’s always show ready. Investing a small amount of time and money into replacing and repairing items that need attention before your home goes on the market is imperative. Organize your closets, cabinets, and pantry. Consider renting a storage unit to store seasonal items, personal collections, and family heirlooms while your home is up for sale. Buyers want to be able to picture themselves living in your home, so you want to take away as much distraction, clutter, and disorganization as possible so they can focus on the space offered.
Step 3 – Asking Price
The amount you set for your asking price is one of the most important parts of selling your home. It is one of the first things buyers will look at when considering your property. If you set the price too high compared to similar homes in the area, they may never give your home a chance. If you set the price too low, then you cheat yourself out of getting the maximum value of your home. Talk about the value of your property compared to other homes in the area with your real estate agent to come up with the best possible asking price.
Step 4 – Marketing
Once you’ve got your home staged properly and the asking price set, it’s up to your real estate agent to market your home to potential buyers. You want to reach out to as many buyers as possible and make your home stand out above the rest in the area. Discuss the marketing plan with your real estate agent and learn what tools they plan to use to advertise your home. Make sure you have excellent photographs, plenty of open houses, and aggressive online marketing within the plan.
Step 5 – Inspections and Contracts
Once a potential buyer has fallen in love with your home, they will submit an offer. If you agree to the terms set forth and accept their offer, you’ll sign a contract agreement between you and the buyer. At this point, the mortgage lender will order several inspections and an appraisal of the property. Renegotiation may be necessary if problems arise during any of the inspections. Problems that arise don’t mean you must start over. Once all parties involved are happy, you’re one step closer to putting the “sold” sign up in your front yard.
Step 6 – Closing Time
Closing day is when all the final parts of paperwork are signed, and any fees are paid. Once the final details have been ironed out, it’s time to hand over the keys to your former property. Congratulations, you’ve sold your home and are ready to move on to your next adventure!
Your real estate agent is the best source of information about the local community and real estate topics. Give Candy Vaughn a call today at 615-778-1818 to learn more about local areas, discuss selling a house, or tour available homes for sale.