5 Tips to Consider When Selling Your Home
If you’ve been thinking about selling your home, the chances are that you’re excited about the possibility of moving and starting a new chapter of your life. Simply deciding to sell your home isn’t enough, though. The process of putting your home on the market can be overwhelming and time-consuming, so before you try to sell your property, you need to ask yourself a few questions. Being honest with yourself and with the people around you will help you have a more positive selling experience when you’re ready to move.
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- Why are you moving?
Be honest with yourself. Why do you want to move? Do you not like the kitchen? Are there major issues? What is it about your home that makes you feel like selling it? Your answer might be simple. After all, maybe your family is growing and you need more space. Maybe your home is just too big and you have become an empty nester. It is possible, though, that your answer is more complex. You're experiencing a job transfer, relocating, or you're home has become a financial burden and you're looking for help! Either way, it's best to find someone that understands your needs, goals and is willing to see your move through to accomplish what you're looking for.
- Are there any serious problems with the house?
Potential buyers will have the house inspected before they purchase your home. What will the inspector find? Are there any serious problems with the home? If there are, realize that you need to disclose this to potential buyers. Major problems will also impact the price of your house. If your home has a lot of issues, consider fixing them before you put your home on the market in order to get the best possible price. Fixing any real problems with your home prior to listing it also opens up various financing opportunities such as FHA, DVA (government loans). If your home is in too poor of a condition, not all loan products will apply therefore eliminating certain buyer's from purchasing your property. Take a quick walk around your house, check cabinet drawers, handles etc. for property closure, tighten any loose knobs, WD-40 squeaky doors and re-adjust hinges that are tight or hard to open or close. Taking a thorough walk through the house and fixing a handful of small things will cost very little and keep the buyer from being distracted by small miniscule repairs. Remember buyer's tend to make mental repair lists as they walk through the house, eliminating easy fixes shortens that list. It's frequent for a buyer to assume "there's just too much to do" when there're a lot of differed maintenance or projects to tackle.
- What are other houses in the neighborhood selling for?
Are other homes in your area selling well? If they are selling, how much are they going for? If your neighbors houses are selling for well above the market average, the chances are that you’ll be able to sell your home at a similar price. If the market in your area is poor, though, you may want to wait awhile to put your house up for sale so that you can get a better price. Searching other sold listings in your area can give you a gauge of what homes are selling for, you can also get an online home evaluation, please take online home evaluations lightly as many are prepared with national statistics and not necessarily true to your neighborhood or local market. Getting an estimate from a local Realtor in your area will give you true data based upon what homes in your particular neighborhood and style are selling for.
- Should you use a real estate, agent?
Before you start advertising that your home is for sale, consider whether or not you want to use a real 
estate, agent. Some families choose to do their own marketing, promoting, and selling, but others like that a real estate agent will help drive buyers to their home. If you don’t have a background in real estate or home buying, an agent could be a valuable asset. As rules and regulations change with home buying and home selling, it's important to protect yourself. Although typically uncommon legal matters can arise during a real estate transaction, having a real estate professional making sure you're properly protected could save you money down the road. As with any specialist, a Realtor will be there to successfully market your home for not only a competitive price, but utilize systems to drive traffic to your home and create the exposure necessary to find a buyer. I also counsel my sellers on tips to a faster sale, decluttering and home staging tips to make your home stand out to buyer's. As market trends change it's important to use the technology where buyer's are looking. Having a real estate agent that is a marketing expert can really help your bottom line when it comes to buyer urgency.
Anytime you're going to buy a home or sell a home the agent that you pick does matter! An agent's fiduciary responsibilities to you are very important. You definitely want an agent that is willing to put aside their own needs to make sure your needs are first and foremost. An agent with local market knowledge, experience, and tenacious negotiations is important for your pocketbook. An agent that is willing to do the work could be finding you the next great deal, the most beautiful lot to build your dream home, or making sure you're home is competitively priced without leaving money on the table. Most people look to a family member or friend for a referral of an agent that proved to do a great job. You may even what to interview a few agents, the one that came the most highly recommended just may not be the right fit for you. Feel free to meet a couple and pick the one that seems genuinely interested in your goals and listens to what you have to say.
- Where will my next move be?
Selling a home naturally implies you will be moving to a new location, once it's sold. Usually, that can sometimes by concerning if you don't have a plan. It's possible you will be looking to purchase a new home while your current home is listed on the market. As a Real Estate professional, I try to eliminate the stress between selling a home and buying a home by having them close on the same day. It's hard enough to pack up your belongings to move, but being temporarily homeless or staying with relatives until you find your next home just isn't possible. Not every real estate transaction can work out to close on the same day due to lender requirements, or maybe you just haven't found your next perfect home. Having a plan or at least talking it through with a real estate professional can eliminate some stress. If you're moving to the twin cities MN area, the North Metro MN or surrounding MN suburbs, I would love the opportunity to discuss your goals, where you're going and what timeframe you have in mind. Give me a call to discuss your Real Estate needs at 612.807.4858 or via email at HerdaHeidi@gmail.com.
Thank you for reading Heidi Herda, Herda Home Team with Keller Williams Classic Realty blog, "5 Tips to Consider When Selling Your Home!" 612.807.4858 http://HomesSoldByHeidi.com #herdahometeam #tipsforsellingyourhome #twincites #realestate
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