Selling your home and buying a new one can be one of the biggest transitions in your life, along with one of the most stressful. Removing the stress and worry is everyone’s main goal, but most don’t even know where to start. Through experience we have complied a list of thing to do in order to sell your home efficiently without pulling your hair out.
1.Learn the market
The market report for your county may be exaggerated – which is why you should focus more specifically on your zip code. Looking at your zip code will give you a good understanding of the average selling price in your area, but if your area has varying neighborhood types you should refine your comparison further. Look around at the houses in your neighborhood that have sold recently, this will give you comps to base your pricing strategy off of. Your trusted real estate agent will be able to provide you with the recently sold data in your neighborhood.
2. Steer clear of over-pricing
It’s hard to grasp that your house may not be worth as much as you think, when in fact your home improvements cost you a pretty penny. In a motivated buyers market they are looking for fair market value, and will stay clear of any potential overpriced properties, however you might occasionally get the ever so dreaded low ball offer thrown your way. Letting your home sit on the market for an extended period of time will likely signal to prospective buyers that something is wrong with it. Price drops may signal that there are more to come and buyers may hold out longer to see what happens.
3. Declutter your home
Since you are already getting ready to move you should get a head start and clear out all of the stuff that you have been holding on to for way too long. The home needs to spark some vision for the potential new home owners, and your old stuff lying around blurs their vision, so start getting rid of it now.
4. Hire a Realtor
Hiring a good agent to represent listing your home can be instrumental to ensuring that it is listed on the MLS, is marketed correctly, and showings are worry free. Your agent will do all of the heavy lifting and run point on negotiating offers.
5. Fix any major repairs
Most home buyers typically shy away from homes that need a lot of work, especially first time home buyers who aren’t ready to make updates. Depending on the severity of the repair it’s best to make all repairs possible to avoid any surprises in the home inspection process. This could lead to false starts with selling your home, as many times the deal will fall apart in the home inspection process if the buyer is not prepared to invest in these updates, and likewise for the seller.
6. Understand “Sellers Net”
There are a number of expenses associated with selling your home. Many sellers are not aware of what their costs are including commission to broker, closing costs, potential repairs, or attorney fees associated with putting your home on the market. The Selling Price of the home, less all of the expenses, and previous mortgage is what’s called Sellers Net. Sellers Net is what you as the seller will walk away from the transaction with in your pocket.
7. Clean and Stage your home
Getting your house ready to be photographed and to begin showings is an essential part of the process. Cleaning your home is a must – hire a professional cleaning crew to do it if you don’t have the time, but this is a must do. Staging furniture, whether it’s your own or if you need to hire a staging company to bring in a few pieces is a fantastic way to breathe some life into the home. If your realtor is the creative type, they can provide some valuable insights into how to organize your furniture as well.
8.Brush up on your home buying skills
If you are selling your home, there is a very good chance that you are getting ready to buy a new home. But before you do you need to re familiarize yourself with the process. Fortunately, we can help with that too.