Did you know that approximately 5.25 million existing houses were sold during 2019 on the US market?
You've decided to start selling your home, but you're not sure where to start in the current real estate market.
There are a lot of things that go into selling a home, and if you don't know what they are, you could wind up making a mistake that costs you time and money.
But don't worry. Keep reading because we've put together this list of the most important things that you need to do before putting your home on the market. Follow these tips and you'll be able to sell your home quickly and for top dollar.
Get Your Home Appraised
Before selling your house, it's a good idea to get an appraisal. This will give you an accurate idea of your home's value, which will help you set a realistic asking price. The appraised value is also useful for negotiating with buyers; if they make an offer that's below the appraised value, you'll know that they're lowballing you.
To get an appraisal, simply contact a local real estate agent and ask for a referral to a qualified appraiser. Once you've received the appraisal report, take some time to review it and make sure that you understand everything. If you have any questions, don't hesitate to ask your real estate agent for clarification.
Make Any Necessary Repairs
Before listing your home on the market, it's important to take care of any necessary repairs. Potential buyers are often turned off by homes that need work, and you won't get top dollar for your property if it's in disrepair. Even small fixes, like patching up holes in the walls or fixing a leaky faucet, can make a big difference.
If you're not sure what needs to be repaired, consider hiring a home inspector to take a look. They'll be able to identify any major problems that should be addressed before listing your home. By taking care of repairs upfront, you'll help ensure a quicker and more profitable sale.
Stage Your Home
One of the most important things you can do when selling your home is to stage it. This means making it look as appealing as possible to potential buyers. This may involve decluttering, rearranging furniture, or even redecorating to some extent.
The goal is to make your home look inviting and welcoming so that buyers can see themselves living there. By taking the time to stage your home, you can significantly increase its value and improve your chances of selling it quickly.
Hire a Real Estate Agent
Hiring a real estate agent is one of the smartest things you can do when selling your home. A real estate agent will be able to help you with all aspects of selling your home, from pricing it correctly to marketing it effectively. He or she will also be able to handle all the paperwork and negotiations involved in the sale.
The peace of mind that comes with knowing you have an experienced professional working on your behalf is priceless. So if you're serious about selling your home, be sure to hire a real estate agent. You'll be glad you did!
Promote Your Home
Promoting your home can be the difference between a quick sale and a long, drawn-out process. The most important thing is to get the word out that your home is for sale. This can be done by putting up signs, listing them online, and holding open houses.
The more people who know about your home, the better your chances of finding a buyer. Another key element of promotion is pricing your home competitively. If you price your home too high, you may deter potential buyers from even taking a look.
On the other hand, if you price it too low, you may end up leaving money on the table. Ultimately, finding the right price is essential to promoting your home successfully.
Be Prepared to Negotiate
The art of negotiation is often essential when selling a home. Once you receive an offer, you will need to prepare yourself to compromise on price, terms, or both to reach a deal that is acceptable to both you and the buyer.
This can be a difficult process, but it is important to remember that both parties need to feel like they have gotten something out of the deal. With this in mind, try to keep an open mind and be willing to budge on some of your original demands. By doing so, you should be able to reach an agreement that works for everyone involved.
Close the Deal
The final step in selling your home is closing the deal. This usually involves signing a sales contract with the buyer and transferring ownership of the residential property. Once the deal is closed, you will receive payment for your home and the buyer will become the new owner.
Closing the deal can be a simple process if both parties prepare themselves and are ready to sign the necessary paperwork. However, it is important to make sure that all the details are finalized before moving forward. Once everything is in order, you can confidently close the deal and complete the sale of your home.
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Need More Help Selling Your Home?
While this is not an exhaustive list, it will give you a good starting point to get ready to start selling your home. Have you started on any of these tasks yet?
If not, be sure to check out our blog for more articles like this one that can help you prepare your home for sale and become a smart homeowner.