Perhaps this is the first time to sell a house, and if you’ve seen others go through the process of selling a home, you only have a very vague idea what steps need to be taken. This article will detail the basics during the home sale process.
Determine how to sell your home
All home sales may end up in long complex series of steps that can take months to achieve, but the first step is to decide what kind of help you want. The three most common choice is whether to use a real estate agent in the sale process, selling a home owner, or sell to a real estate investor or real estate directly. Each option has advantages and disadvantages that make it desirable in certain situations.
If you go with a real estate agent you will usually have a home that is moderate to good condition, but even then it will usually be in the market for about three months before it is sold, and always for the commission fee. If you choose to sell a home privately, it can be good for you to save the commission fee, but you must be willing to put in the time, but it will usually sit on the market longer. If you opt for a real estate investor you will usually find this to be the quickest and easiest way to sell homes because the investor can usually close in a few weeks and they will usually pay cash for the property, but you will usually take a below market price for home.
Figure out the home’s value
One of the most important things when selling a home is the price, if you set the right price that you will attract more buyers and at the same time profit from the sale of the home. Do your own research on comparable home sales in your neighborhood that have sold in the last three to six months to figure out market trends and value of your home will be close to other comparable homes in your neighborhood. If you are not sure about the price of the home you should consider hiring a home appraiser who will help you to price your house exactly at the market.
Prepare home for sale.
Your home will attract most buyers of its first week on the market. So you have to prepare your home for the best condition before putting it up for sale. Give it a thorough cleaning of the kitchen to the bathroom. Take stock of small repairs required and complete them. Level of your home, even if it’s the little things to make it look more attractive as fresh cut flowers for showtimes, move furniture to more attractive position, or planting several flowerbeds in the park. Make it easy for potential home buyers to find what they can love the home, and thus make it easier to sell the home owner.
Go through all the offers
You will want to brush up on the negotiating skills when you start to get some offers come in. You may even want to think about hiring a legal adviser to help you work through the offers that are coming in. If you’re making the real estate agent, they will be required to show you all of the offers made by all buyers. The agent will usually give you advice about the offer but their real job is to act as a liaison between you and the potential buyer or their agent.
Take the offer and decide on completion.
Once you have accepted the offer, you can either put on hold notice on your For Sale signs or put off the sign altogether. At this point, the contract will be drawn up and both sides review the contract and negotiate with their liking. Lawyer or title agent has to explain documents and assist sign of pain. When the title itself is signed over, you are no longer the owner of the property and the new owner will be given the keys.