If you’re selling your home for the first time, you might find that the process is a little more complicated and involved than you initially thought. There are plenty of things that need to be taken into consideration when selling your home, and plenty of things that you do to prepare for the process. Use this guide to help make it go as smooth as possible, and to help get rid of any headaches.
Selling your home is a big deal, and the last thing that you want to do is put the process in the hands of someone that you don’t trust. On top of trust, you want to ensure that you’re dealing with someone who you feel comfortable with, and who you know is going to be there when you need them. For example, a well-known real estate broker with plenty of listings might not be available to be there as often as you need. You should consider speaking with friends, family, and co-workers who have sold their home before. If you know anyone who has experience with the process, you could get valuable information from them. Also, make sure that your broker understands the demands in your area, and that they’re licensed.
Be Logical and Realistic
Everyone has emotional attachments to their home, and selling one is never easy. You might feel like your home is worth more than the actual value because of your ties to it. It’s important to keep in mind that your price needs to be realistic. If it isn’t, your home could stay listed on the market for longer, and draw away the appeal of the property. Speak with your broker, and investigate the value of other properties in the area to ensure you’re listing it at a competitive price. Also, consider factors of your home that could impact the value such as condition, when it got built, and materials that have got used. You can also hire an evaluator whose job is to assess your home to provide an appropriate selling price.
Market Your Property
If you have a real estate broker, they are going to handle the marketing side of your listing. If you don’t, you should be utilizing every method that’s at your disposal. You can put a sign on your front lawn, use social media, put up postings on classified websites, and in the newspaper to jumpstart your marketing. When doing this, ensure that you include a lot of photographs that show your home in excellent condition and good lighting.
Do a Thorough Clean
First impressions are everything, and when you have prospective buyers come to your home, their first opinion gets based off of appearances. Before you let anyone into your home, ensure that you’ve done a cleaning from top to bottom. Your home should be free of dust, all walls and fixtures should get cleaned, and it should look the best that it possibly can. That’s going to impact the way possible buyers remember your home.
Honesty is vital when you’re selling a home. You must be transparent with both the broker who is helping you sell your home and prospective buyers. If you’ve done any work on the house or had windows replaced because of a leak, you need to let them know; even if they’ve got replaced. If you have any doubts about your home, have it thoroughly inspected so you can include it in the sale.
Understand Your Rights and Obligations
Depending on where you live, the rules and regulations for buyers and sellers differ. However, as the seller, there is a good chance you’re going to be responsible for defects in the home after it gets sold, even if you didn’t know that they were there. Speak with your broker to get more information, or consult with Residential Advisory specialists who can help you further.
Follow Up With Your Broker
The majority of home sales get processed through a real estate broker, and if you’ve hired one on, you need to make sure that they are working for you, and not the other way around. Your broker is going to get paid off of commission, so they should be doing everything they can to sell your home promptly. It’s a smart idea to request a weekly report, and ask them to provide you the feedback that they’ve received from the prospective buyers who have looked at your home.
Now that you’ve gone through some of the suggestions that you can incorporate in your guide, the selling process should be a bit easier for you. While some things are going to seem more complicated, others are easy. You need to put in the work to sell your home, even if you hire a broker. Get the advice that you need, don’t rush through the process, and you can make the experience that much better. When you have everything in order, you can prevent yourself from having to deal with possible legal action down the road.
What advice can you offer for those selling their home for the first time?