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So, you have decided to sell your home and take the plunge into the real estate market! It may feel like you have just strapped yourself into a chaotic and hectic rollercoaster ride, but it doesn’t have to be that way. Selling your home can be simplified in just eight steps.
Find a Realtor You Trust
Having a realtor you trust and enjoy working with is incredibly important to your home selling experience. Initially, you should speak to several realtors, simply getting to know them. Don’t sign anything with any realtor, until you find the one you trust and want to work with. Once you find the realtor that you are confident in, you have kickstarted your home selling journey.
Determine Value of Home
To determine the value of the home, your agent will complete a comprehensive comparative market analysis. They will use recently sold homes within a certain radius from your property, with the same qualities and features as yours, to arrive at a range of values. After the analysis is complete and it has been presented, you will choose a listing price.
Prepare the House
To achieve this goal, homeowners should be doing anything and everything from fixing small repairs, cleaning the interior and exterior, and even sprucing up the curb appeal. Taking time to rid of any foul odors, cleaning carpet stains, or even washing baseboard trimming and doors can make an impact on a homebuyer’s decision.According to Home Staging Statistics, 94% of staged homes sell on an average of 29 days or less. Home staging is a great way to get the desired reaction out of a buyer. Instead of walking into an empty and hollowed out house, buyers walk into a warm and inviting home. This allows them to envision the space and see what purposes it can offer.
Develop a Marketing Plan
Your agent will utilize multiple marketing tactics that may consist of “Home For Sale” signs, mailers, the local newspaper, promotions on other real estate websites, social media, brochures, and the list goes on. When developing the marketing plan, your agent will determine which tactics are best suited to market the property.
Offer/ Negotiate
- You can accept
• If the offer is accepted, it means your goals have been met and you liked the offer they made
- Make a counteroffer• In most cases, if the offer is not accepted the appropriate response is to make a counteroffer, initiating the negotiation process. Once a counteroffer is made, the original offer is negated.
-Reject• In some situations, you may reject the offer completely and wait for a new offer. It’s helpful to know that other items of negotiation can include personal belongings, items of value, closing costs, and even home warranties.
Signing the Purchase Agreement
After you have accepted the offer, or come to an agreement in negotiations, you will sign the home purchase agreement that was prepared by the buyer’s agent. A purchase agreement is a binding contract that outlines the terms and conditions of the sale.
Closing
