Selling your property through a Real Estate agent is an emotional rollercoaster. If you want to sell your house fast and have no idea how to go about it, you have come to the right place. Here are the steps that you need to take while selling property through a real estate agent:
Why Real Estate Agents Can Be a Hassle – Sell Your House Fast Without One!
You need to hire a real estate agent who will look out for your best interests. In today’s world, it’s very hard to find one who can look past the numbers. If you’re new to selling properties and are unlucky enough to come across the wrong agent, you might get locked in with some agent who might treat your sale as just a number due to a secured commission. If you do not want to go through the process of hiring a real estate agent you can just sell your house fast to a buyer.
Let’s explore this option and dive in!
Inspection:
If home inspection is done before selling, it increases the confidence of potential buyers while putting in an offer and also the chances of buyers wanting more repairs are reduced. The hired inspector inspects every inch of space and every system of the house. Being transparent with what needs repairs and other areas of the house will show credibility to the buyers too and might make the rest of the process go smoothly.
Home Preparation:
Prepare your home so that it appears more attractive to the buyers which in turn will help you sell your house fast. The goal is to:
- Maximize space by decluttering
- Make repairs that are worth making
- Invest in improvements like interior painting, flooring and landscaping.
- Clean the house properly
If you do not want to invest in repairs and improvements at all you should look for alternate buyers that do not require such a thorough process!
Stage Your Home:
Staging your home appropriately makes a huge difference. A stager is worth investing into because empty houses do not make a very good first impression.
High-quality Photography:
The photos of your home are the first thing that a buyer sees, make sure that photographs are catchy enough. So, if you want to sell your house fast, investing in good photography will most definitely pay off! You can also use your phone to do the job!
Selling Disclosure:
Disclosure documents are important because they disclose the negative aspects of the property. Here are a few examples of the things that should be disclosed on these documents:
- Water damage
- Noisy environment
- Problems with Neighborhood
- Repairs and improvements
- Deaths
The Listing Price:
The listing price needs to be just right! You can use the “demand price”as a bait to attract buyers which makes your selling game stronger. You need to set a price that is not too high or too low.
Before setting the listing price, get a market analysis from your realtor. A market analysis compares your house to the recently sold, pending and currently for sale homes because the buyers will look into the same comparable homes as well and you need to make sure that you use this information to your advantage.
Show Your Home:
Make your home accessible to those who are looking to buy. This strategy will help you sell your house fast and that too, at good prices!!!
You can show your home in following ways:
- Open houses on a weekend in which anybody can walk in and take a look.
- Private showings for potential buyers.
Review Offers:
When a buyer puts in an offer through his agent, apart from the sale price, you need to consider and review the following things:
- Buyers pre-approval or proof of funds.
- The offer contract must contain the amount the buyer is willing to put down as a deposit amount.
- The contingencies put down by the buyer. Decide whether you can meet them.
Negotiation:
Negotiations are important if you want to get the money that you deserve. Negotiations can be done before the buyer puts in the offer or after. It also provides an opportunity to swing the offer in the direction that you want. If you’re not confident, you can also pay a broker for limited negotiation services.
Closing Process:
Once you settle on an offer, the next step must be to start the closing process which is done in a series of steps:
- The buyer’s lender requires the appraisal to make sure that the buyer is putting in the money at the right place.
- Buyer can have their own inspections.
- Have the buyer release their contingencies.
- Buyer’s final walkthrough the property.
- Signing the final documents.
- After the documents are signed, it takes 2 to 5 days for the sale to become official.
Hence, following these proper steps will not only sell your house fast but also at the best prices available in the market.
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