Crucial Steps to Take When Selling Your House
Retiring, changing jobs, or wanting a change of scenery are all excellent reasons to sell your house and move.
However, executing the plan is often more complicated than you might think, especially if you are in a hurry. If you want to move, follow all crucial steps to take when selling your house to ensure a successful sale. You'll make a profit and watch your home fly off the market as fast as you listed it with these tips.
Research When to Sell Your House
Most people's top priority when selling their houses is to maximize their profit. To do this, you'll want to pay attention to whether you're in a buyer's or seller's market. The market changes with supply and demand, and if you can wait until it's a seller's market, you could get a better offer on your listing. When the thought of selling your home starts to cross your mind, remember your motivation for moving. Consider the pros and cons of giving up your home, and decide how long you are willing to wait for the right market to come around.
Pro Tip: Accurately priced homes sell promptly! Don't be afraid to ask for guidance from real estate agents to calculate your home's worth.
Decide Who Will Sell Your House
Once you've decided to sell, consider whether you want to sell your home by yourself, which is known as “for sale by owner" (FSBO), or hire a real estate agent. Agents offer a wealth of resources and advice about marketing and promotion. With FSBO, you will be responsible for marketing your listing, showing your home to prospective buyers, and all legal aspects of the sale. It is a lot of responsibility, and most people find that it's worth the cost to hire an agency.
Prepare Your House for Sale
Complete Home Improvements to Sell Your House
It is hard enough to sell a home, let alone one that is in disrepair. Any real estate agent will tell you to fix obvious damage that reduces the curb appeal of your home. If you've been skipping important exterior home repairs, take a walk around your property, and look for loose siding or missing shingles. Your home may only need a few touches of paint or a new window.
Stage Your Home
One of the most crucial steps to take when selling your house is to set it up like a furniture store showroom display. You want the space to look generic but lived-in enough that it is inviting. If you have any overcrowded rooms, it's best to begin moving pieces into storage or to your new space, if you have bought it already.
Pro Tip: While staging a home can be one of the most daunting parts of selling it, this process makes the photos for the listing look stellar. Your listing photos can make or break your chances of selling your home in a timely manner.
How to Market Your House
Good marketing is essential to getting your home off the market. Start by identifying your house's selling points. If you are working with an agent, they will create a marketing plan that you'll then be able to approve. Most strategies will include high-quality photos to go with your listing. You will want to saturate the internet with images of your house to let everyone know when it is officially for sale.
For some, the sale will come quickly, while others may take their homes on and off the market before finding the right buyer. If you're following these crucial steps to take when selling your house, your time will come. In the world of real estate, patience is the key.