4 Things Before Listing Your Home For Sale
Are you looking to sell your home in the near future? Or are you assessing the market to determine if renovation plans are a good idea? Whether you want to sell up and move today or you want to wait a good few years, it can never hurt to know the state of the real estate market and stay on top of current trends and buying habits. This information can allow you to make more informed decisions as a homeowner and ensure you aren't putting money in your home that you won't recoup down the line.
Read on for some ways to prepare to sell your home and what you need to know before listing.
Research Your Local Area
The best way to know what house prices are going at in your local area is to check out homes for sale and find out how much they are going for and how long they are on the market. According to Zillow, houses are on the market an average of 25 days before they sell, and with no burst of the housing bubble forecast by experts for the near future, you can get a good idea of a sale price and the type of quality of home being offered for top dollar in your neighborhood and average sale time by simply pursuing listings.
Get A Realtor Ahead of Time
If you have plans to sell in the immediate future or the next few months, it can be worth getting your ducks in a row early and bringing a realtor on board. They can give you more insight into the movements of the local real estate market and give you tips and time to prepare your home when it does get listed. This advice can be invaluable, and getting ready beforehand allows you to find an excellent fit to facilitate a quick and efficient selling process. Plus, expert realtors such as The Hershenberg Group can work with you to purchase your next property purchase too.
Have A Timeline
While the average time on the market can be less than a month, this isn't true of all properties, and in reality, that same Zillow study found homeowners spend 6 months getting the house ready to sell and another 30-45 days in closing on top of the time on the market. With this in mind, you need to have a timeline for when you need certain things to happen and avoid your property languishing on the market.
Know Your Homes Value
It can be worth getting an independent valuation before listing your home. Hence, you get an idea of what you can potentially get for it, how you can maximize sale value, and be able to compare this against the ceiling in your area. There will always be a maximum price anyone is prepared to pay for specific areas, and finding out the property ceiling for your area and style of home can give you a more realistic idea of how much you should list what you can expect to get. You need to be careful with how you price your home to ensure you get a quick sale for the right price for you. Overpriced homes will sit on the market, while underpriced homes can lead to you losing money.
Conclusion
Selling your home isn't just listing it and waiting for the offers to roll in. You need to plan and prepare before you decide to put your home up for sale to ensure you are informed and getting the best price and advice possible.
