There are quite a few things to consider when you decide to sell your house. There are legalities, current real estate market trends, and timeline needs to think about before you proceed. When it comes to the home selling process, what you don’t prepare for can cost you time and cause delays.
Step 1 – Real Estate Agent
Many people think that selling a house is simply placing a sign in the front yard and waiting for an offer. Why would they need a real estate agent? Let’s look at everything you know about to real estate market and compare it to the years of experience and training a real estate agent has on their side. It’s easy to see why it’s important to the success of your transaction to have a professional real estate agent representing you during the home selling process. You want to sell your house quickly and for the most return on your investment. Your real estate agent can make that happen.
Step 2 – Show Ready
Getting your house ready for listing is one of the keys to success. Take time to replace and repair items that need attention. Replace worn items with neutral items that have fresh appeal. Organize closets, cabinets, and pantries. Pack away personal collections, family photographs, weapons, and controversial items. The potential buyer wants to see themselves living in the space. Make that easy for them by preparing the space ahead of time. While your home is on the market, keep it clean and show ready.
Step 3 – Asking Price
It’s important to note that the asking price and the selling price are two different things. The asking price is the amount you set and hope to receive from the sale of your property. The selling price is the amount that a buyer is willing to pay for the house. Ideally, you want these two amounts to be as close as possible. Your real estate agent can provide you with a comprehensive report that lets you know more about the value of your property. Use this information to set the asking price competitively.
Step 4 – Marketing
Your real estate agent has a marketing plan and a goal to reach as many potential home buyers as possible. Information is available with the touch of a button with today’s technology. Buyers will be looking at quite a few houses that are like yours. You need your home to rise above the rest and keep their attention. Discuss the marketing plan with your real estate agent. The plan should include excellent photographs, staging, open houses, and aggressive marketing online. The good news is that your real estate agent is there to help with these things.
Step 5 – Inspections and Contracts
When a buyer is serious about buying your home, they will submit an offer to your real estate agent. Once you accept the offer, closing day is right around the corner. First, you’ll sign an agreement between you and the buyer that lays out the terms of the sale. The mortgage lender will order several inspections and an appraisal. If one of the inspections returns a problem, you may need to renegotiate the terms of the sale. Don’t worry! Your real estate agent is there every step of the way.
Step 6 – Closing Time
Final paperwork is signed and all fees are paid on closing day. Unless other arrangements are made, you will hand over the keys to the property. This is the day you’ve been waiting for and it’s time to celebrate a successful transaction.
The best source of information about local communities and real estate topics is your real estate agent. Give Michael Lewicki a call today at 613-829-1818 to learn more about the area, discuss selling your house, or tour available homes for sale.