You’re giving serious thought to the idea of putting your house on the market, but where do you begin? Stepping into the home selling process without proper preparation can cost you time and money. Limit stress by being more informed about selling a house before you move forward.
Step 1 – Find a Real Estate Agent
The best practice before you begin the selling process is to look for a qualified, reliable real estate agent. Consider what you know about the real estate market and compare it to the amount of information your agent offers. It’s easy to see that their knowledge and experience can help make your transaction a success. Choose a real estate agent who communicates at the highest level, has a proven track record for selling homes, and excels at marketing listings. Their insight can help you when it comes to setting the asking price and comparing offers.
Step 2 – Selling a House That is Show Ready
Your home should appeal to a broad range of buyers. The goal when staging is to reach as many potential buyers as possible with an appealing and inviting home. You want the buyer to see themselves living in the house without the distraction of your personal items. Pack away family photographs, collections, and anything that could be controversial. Even the best-kept homes could use a deep cleaning. Replace worn or broken items. Use neutral tones in place of bright colors. Don’t forget to create curb appeal with a well-maintained lawn and outdoor furniture set in conversational settings. Once you have things ready for showing, keep them clean and orderly. Potential buyers could stop by at any time!
Step 3 – Set the Asking Price
The real estate market is always changing, but it would be nice to sell your property for more than what you initially paid. Keep an open mind and discuss with your real estate agent ways to set an appealing asking price. The agent’s comprehensive report on the value of your home can help you determine the best asking price. When completing this report, they will consider the current market, upgrades to the property, and other properties sold in the area. Setting the correct asking price from the beginning helps lower the risk of price lowering or your property staying on the market too long.
Step 4 – Understand Marketing
Your real estate agent markets your property to make sure it reaches as many buyers as possible. Your home needs to stand out from the rest of the homes in your area. It’s a good idea to get clear, professional photographs taken of the property once staging is complete. Your agent sets up open houses and creates interest online through various marketing techniques. Discuss the plan with your agent to make sure you understand the process.
Step 5 – Accepting an Offer
Once a buyer submits an offer, and you’ve accepted, it’s time to prepare for the finishing steps. You sign an agreement with the buyer that states the sale terms. Their mortgage lender orders several inspections and an appraisal of the property. You may revisit the conditions of the deal if a problem arises during an investigation of the home. If all goes well, you’re one step closer to closing day.
Step 6 – Closing Day Arrives
On closing day, you pay any outstanding expenses and sign the final paperwork. In most cases, you hand over the keys to the property. Congratulations on the successful sale of your house!
Your real estate agent is the best source of information about the local community and real estate topics. Give EXIT Real Estate Solutions a call today at 803-667-8626 to learn more about local areas, discuss selling a house, or tour available homes for sale.