There is nothing more appealing to a home seller than listing their house for sale, finding a qualified buyer quickly, collecting the cash, and handing over the house keys. You cannot control all of the moving parts involved in selling your home; you can only control some of them.
You can also influence your bottom line by hiring a good agent and optimizing your home’s online appeal. These factors can make the transition from the effort to dollars and, ultimately, have a better closing experience.
Here are some tips to help you sell your home;
Make a plan for selling.
Your selling strategy will influence everything else in the process, including the price you’ll have to pay, how much planning you’ll have to do, and how you will prepare for the sale.
Digital technology enables homeowners to list their homes without a real estate agent. You should weigh the pros and cons of each option before deciding which would be best suited to your needs.
Don’t sell your home to someone out of obligation.
Real estate agents are familiar to almost everyone. Having someone who is extremely qualified can be extremely beneficial. If you don’t have much experience or things go wrong on the deal, it can be extremely messy and put a severe strain on relationships.
In addition to determining whether that person is qualified for the job to sell my house, you should also consider whether your relationship could suffer. Could you still be friends with someone who made a costly mistake or didn’t deal with something the right way?
Make sure the Realtor you hire has recent experience and is highly trained.
It is much easier to become an agent than you might imagine. In general, taking the course – which can take as little as 4 hours or less – and passing the state licensing examination are the only criteria for getting licensed.
Adding agents to a traditional brokerage won’t be too hard since the brokerage only pays them if they close a deal.
Sell your home with a real estate agent who specializes in it.
In most real estate transactions, an agent represents both sides – and often, the listing side is only represented a few times a year for agents who both buy and sell.
Examine and negotiate offers.
You should expect offers to start coming in immediately after your home hits the market and has been seen by potential buyers. You need to rely on your real estate agent (or lawyer) as the best advocate and source of advice in such situations.
The asking price will likely be offered at or above what the buyer is willing to pay, and you might even receive multiple offers. You may also need to be willing to negotiate if sales in your area are slow and there aren’t many offers.
Estimate the closing costs of the seller.
There are closing costs for both buyers and sellers. Most realtors receive a commission from the home seller, which ranges from five percent to six percent of the sale price.
The seller is also typically responsible for the following costs:
- Taxes on government transfers
- Recording fees
- Outstanding liens
The seller will also pay closing costs and any repair credits negotiated by the buyer.