Living in your current home has been a wonderful accumulation of loving memories, but you’ve outgrown your circumstance and it’s time to put this house on the market so you can move on to bigger and better things! But before you load the moving truck, there are some things you should know about the processes involved with selling your house. Avoid the “for sale by owner” hassles by selecting a real estate agent you can trust to guide you through the home-selling process. Have all your paperwork in order, understand proper market value, prepare your home for the sale, plan for negotiations, and practice patience.
Before your house can be sold, you should gather all pertinent paperwork such as your deed/mortgage, utility bills, tax bills, and any city or town permits obtained during your tenure at this residence. Make sure your house is free and clear to be sold and that all existing permits are closed. If you’re selling appliances with your homes, any warrantees or user manuals will be helpful to potential buyers. And if you have a home warranty, which may bring in offers closer to your asking price, make sure you have those papers on hand as well.
You know what you paid for your home, but don’t make the mistake of thinking you’ll get that back. The housing market is flexible and your property value may have gone up or down during the time you lived in your home. To understand fair market value, your real estate agent will provide you with comps, which means they’ll research other homes for sale in your neighborhood that are similar to yours so you can price your home competitively. Your realtor will also discuss with you how quickly your home needs to be sold.
With paperwork in order and a timeline and asking price established, it’s time to stage your house. Staging your house means that you remove any personal items, de-clutter, repair or replace any broken items, neutralize your colors, and make sure everything is clean. Potential buyers need to be able to walk through your house and imagine themselves and their families living there. The space should be warm, inviting, and present an opportunity for visitors to form a connection to the property. This can be difficult if they’re seeing your family’s photographs or memorabilia on walls and shelves. Staging the home also includes curb appeal, so make sure your lawn is manicured, bushes and trees are trimmed, and that your home’s exterior extends a warm welcome to passers by.
Your asking price may not be your actual selling price. Depending on how long your home is on the market, you may experience price reductions along the way, and potential buyers may make bids lower than your asking price. Expect to negotiate a bit on the final cost of your house. Consider including a home warranty with the sale of your house as that may bring incoming bids closer to your asking price.
Once your selling price is established with a firm buyer, it’s almost time to pack up and be on your way! Your house will need to pass a home inspection prior to closing to make sure everything is in good order. Then, You’ve got to vacate the premises before you can cash the check, so have a plan in place for the in between time when you leave your current house, especially if your future home is contingent on the sale of this one. You may experience a few days in limbo where you’ve not yet got the funds to close on your new home before you’ve got to move out of your current house.
Selling your home is an exciting time for you and your family. Depend on a real estate agent you can trust, who communicates clearly with you about your needs, and who can guide you step-by-step through this life-changing process.
Interesting in help in selling your home? Call Laura Castillo at 432-701-0506.