Deciding to sell your house can be a tough decision to make due to a lot of reasons. Whether it’s emotional, physical, or mental reasons, a lot of overwhelming questions like, “Where do I start?”, “What do I do immediately after this?”, “Should I sell to cash buyers like I Buy Pueblo Houses?” and so many others will envelop your mind.
The best way to answer these questions is to know what steps to take during the process of wanting to sell your house. That is why we’ve written this article to help you know the steps to take to help you have a smooth ride.
Table of Contents
The First Step- Decide How You Would Like To Sell
The usual first step once you’ve decided to sell your house is to decide how you would like to sell. The most conventional way that may first come to mind is to contact a realtor, but that is not the only option you have.
There are other options, like selling it yourself or selling to a cash buyer( companies that give close-instant offers using technology). Before you pick any of these options, you should look through the merits and the demerits of each to help you decide the option that will be of benefit to you.
Set Your List Price
After you’ve decided which home sale method is suitable for you, the next thing is to decide on your list price. In pricing your house for sale, try to be more objective rather than sentimental.
Sometimes, because of homeowners’ emotional attachment towards their house, they tend to overprice it, which can hinder it from getting a quick buyer. Overpricing your home can be severe as underpricing it.
However, a realtor can help you analyze the market and deduce a competitive price according to the amount placed on other homes that are similar in your area.
If you are selling by yourself, you can buy a comparative analysis report from a realtor. Having this analysis will help you stay objective while setting a price for your house.
Have an Inspection Done Before Listing
An inspection of your house may not be necessary, but it is a wise decision to make. It will bring your attention to any major issues with your house that can affect its sale.
That is because any buyer that gives an offer for your house will send a home inspector to scrutinize the house for any issues it may have thoroughly. If the inspector notices anything major, you can lose that buyer.
However, if you pay for a proper home inspection before then, you’ll know those concerns and deal with them before any buyer comes. You can either decide to fix the issues or adjust your list pricing reasonably.
List and Market
Having decided how you’ll sell, gotten a competitive list pricing, and made the necessary adjustments, the next thing is to list and market your house. Firstly, since most buyers may likely look for available houses online, it means your house needs to have a strong internet presence.
You can do that by ensuring your home is listed on MLS( Multiple Listing Service). This is because hundreds of real estate sites are linked to this database, and within seconds, your listed house will be distributed to the real estate sites as an available house for sale.
However, only realtors can put together MLS listings. Although, some brokers can create an MLS listing for your house at a flat rate.
Ensure you take great photos of your house to give an online buyer a good impression and offer home showings for prospective buyers.
If you are looking for your dream home, check out the amazing properties for sale at eXp and let their expert team guide you through the buying process.
Evaluate and Negotiate Available Offers
An important aspect of selling your home is your negotiating power. Although the process may seem intimidating, you will be able to get a good deal if you can achieve a proper negotiation.
If a client is underpricing, it’s not in your best interest to accept a lower price; instead, push back with your asking price. You can do this when you have a comparative analysis of the list price of similar houses around your area. Insisting on your asking price will help you maximize your profits.
Another thing you can do is leverage multiple offers coming your way. You can use that to ask for more from prospective buyers by showing them the offers that you have been receiving for the house.
Put Together Necessary Paperwork and Close
The process of selling a house comes with a lot of paperwork. It’s best to gather the necessary paper in time and keep them together in one place to help the process run smoothly. An agent can help you get all the necessary documents ready
Meanwhile, if you are selling by yourself, the necessary documents you will need to gather include:
- The original purchase contract of the house.
- Property survey documents, certificates of occupancy, and certificates of compliance with local codes.
- Home inspection report (if there’s any)
- Records of Tax payments
- Documents of Mortgage
- Home purchase appraisal.
Once you’ve put together the necessary documents, plus the keys to the house, you are ready to close with the new owners.
If you can go through with the necessary steps provided here, your house is as good as sold. Don’t hesitate to seek the help of an agent at any point you get confused.
I am Very Enthusiastic about Writing Tech, Smart Phones, Products Reviews, Offers, and deals. I have been writing on tricks5.com since 2015.