Selling a home is an intricate process and depending on the real estate market, the home, the type of sale, and the sale price it can take up to six months or even longer when using a real estate agent. Whether you are a first-time home seller or an experienced on for that matter, you’ll probably have loads of questions and fears when it comes to a new sale.
Sometimes you simply not sure on how to approach the sale altogether. Whether to enter the market as a freelance or hire an agent? What’s closing? How to secure the best sale deal? What are the closing requirements and paperwork? The following tips should help you approach the decision like a pro and get the best price for your property.
Agreeing to sell
By looking at the current state in real estate, you’ll be able to gauge if it’s the right time to sell your house or not. The period it takes to close on a home is another thing to consider. For instance, in 2017, the average time it takes to close on a house was 46 days. So, if you were looking for a quick sale due to pressures of life, you may not have waited that long. Also, determine if you should buy a new house before or after selling your current home?
Find a listing agent
Being a homeowner doesn’t necessarily mean you know how to sell a home. So, you want to leave that work to an expert who understands the market and the home selling process. A real estate agent can help you get the right buyer with the best deal. Most importantly, an agent will help you with the listing, marketing, showing your home to potential buyers, negotiation and fulfilling the needed legal requirements of the sale. Be sure to find the right agent who’ll effectively represent your interest to the buyers and secure the best deal possible. Otherwise, you’ll be forced to work with the” We buy homes” companies, who often pay less.
Determining your selling price
Although there are other factors to consider when selling a home, price is often the main determinant. With the help of your agent, you need to come up with a house price that truly reflects the current market condition and area trend. Some of the features that need to be assessed when determining the price include but not limited to making this decision and they include but not limited to the age and features of your property, location, and size.
Enter into an agreement with your agent
With the house price ready, the next thing is to enter into a legal contract with your agent. The contract must contain things like the home address, price and terms, closing date and costs, real estate taxes, homestead classification, required disclosures and much more.
Listing, marketing and showing your house
To increase the chances of quickly selling your house, get good photographs and draw up the floor plans to your house. Then, have an outstanding online advertisement message with clear and concise details. There are marketing agencies that can help you with that and much more.
If you need help selling a home, keep in mind these few basics to ensure a favourable outcome. However, if your house doesn’t attract buyers, or it seems like it’s taking long, consider we buy houses for cash companies.