Step By Step Guide When Planning to Sell Your House
To have a hassle-free and fast sale when listing your property is always the goal. The objective when selling your home is to rapidly look for a fit buyer, secure the deal, get the cash, and surrender the property to the new owner.
However, no matter how much you want this dream to come true, the reality of selling your home includes several factors - some which you can manage and some that are out of your control.
It may be true that there are many factors that are out of your control, but there are definitely ones that can be controlled and still produce a huge impact when selling your home. This article will reveal the things that you can control that can also serve as your step by step guide when listing your house in the market and help to sell my house fast.
Credit Score
When you are selling your home, make sure to understand what your credit score is to purchase another home. You may not want to be in a position where you recently filed bankruptcy and now need a mortgage to purchase a home. First, you may want to consider rebuilding your credit after bankruptcy to be in a better position to purchase a home.
Be knowledgeable about the worth of your house
It is important not to overprice or underprice your home, so be knowledgeable about your property’s value. Research about the sold homes that have been identified in a comparative market analysis report in your locality. Also, take into consideration whether your market is hot, cold, or neutral so that you can price your house properly.
Hire an expert listing agent
Hiring an expert listing agent can help represent you. He or she also has a fiduciary responsibility to find what’s best for you. With that, try to hire the best listing agent in your area according to your needs and standards.
Ready your house for sale
This should be one of your most important priorities. You should prepare your home for sale by cleaning and decluttering it. You should also improve your curb appeal. Make any necessary repairs and consider a pre-listing, seller’s inspection to identify any potential problem areas. For showing, you might want to hire a professional stager so that he or she can stage your home. You can also ask your real estate agent for more ideas to help your house be more ready for sale. It is important to remember that you sometimes only get one chance, and even only for three seconds or so, to produce a great first impression - so make it count.
Market Your Home
It is important to identify the selling points of your house so that you can utilize them when advertising your property. Talk to your agent so that you can make a marketing campaign or figure out how to advertise your house. You should also hire a virtual tour company in order to take good photos and upload them online. It is vital that you confirm that the listing is posted online. Both you and your agent should exhaust all possible marketing strategies available on the internet and social media so that you can market your house effectively.
Show Your Home
Let your agent use a lockbox or keypad so that you can get more showings. These allow your house to be shown rather than force buyers to make appointments. Try to be more flexible if ever you decide to go for appointments. Some buyers will want to see the home on weeknights and all across the weekend, hence, it is important to be as accommodating as possible. If you plan to have an open house, you must remember to sparingly use this approach. It is important to make sure to ask for buyer feedback so you can adjust your price, condition, or marketing campaign accordingly.
Receive Purchase Offers and Negotiate
If you priced your house right, you must be prepared to receive several offers. It is important to remember not to ignore any offers, even if it seems too low. A counteroffer should be done in order to negotiate. You must consider making a counteroffer that is contingent on you buying a home if market conditions warrant it. Also, if the price you have set for your home is competitive and is backed up by comparable sales, do not fear making a full-price counter offer. In addition to that, if the buyer's offer is contingent on selling a home, you can demand for a kick-out clause or right of first refusal. This contingency makes sure that you are not wasting time if the buyer can’t offload their property.
