Home Selling 101
Selling a home may be a stressful experience, especially for first-time sellers. One of the best ways to ease anxiety and reduce stress is to know what to expect. Here’s a general overview of the selling process. While everyone’s experience may be different, these steps tend to be universal. Of course, once you’ve decided to sell your home, give us a call and we’ll help you every step of the way.
Getting Your Home Ready to Sell? Here are some tips to help you prepare your home for its market debut.
- Start Packing -- Valuables and items you don’t plan to use until after you’ve moved, including any personal photos displayed in the home shouldn't be up. Removing clutter will make your home appear more spacious. While deciding what to pack, think about which appliances to take with you. For example, are the washing machine and dryer included or do you want to take them?
- Get your home move-in ready -- Most buyers want a home in move-in condition when they buy. For example, painting the interiors a neutral shade or white is a simple way to make a home appear brighter and allows potential buyers to easily incorporate their style into the space. Also, be sure to complete regular maintenance on your home’s cooling and heating and other systems to keep them in good working order for the next owner.
- Have a home inspection -- In many cases, a buyer will hire a home inspector to inspect the property. However, hiring one beforehand will help you assess what may need to be fixed before you sell. If the inspector finds major issues with appliances or your home’s plumbing/septic, heating or electrical systems, you may be required to make the repairs. Don’t worry; this is a normal part of the process-one we’re happy to guide you through.
- Boost curb appeal -- The exterior is often a potential buyer’s first impression of your home. If it’s well-kept outside, many buyers also assume it’ll be well-kept inside.
- Exterior work -- Paint or clean your exterior, trim hedges and shrubs and mow the lawn. These small activities have a big impact on attracting the right buyers to your home.
- Clean the interior -- Hire a professional cleaner to thoroughly clean your home for potential buyers.
- Stage your house -- Make your home look its best by staging high-traffic rooms, such as the living room and kitchen. Staging helps buyers picture themselves in the home. While many sellers hire a professional, especially in competitive markets, you may also be able to do it yourself.
Marketing it RightOnce your home is ready to sell, it’s time to think about marketing. Marketing helps find the right qualified buyer to purchase your home. It all begins with pricing. Homes that are priced right are often picked up by buyers in a short amount of time. To price your home, we’ll review comparable homes in your area that are currently on the market or have sold in the last few months. We’ll also take into account your home’s location, square footage, amenities and condition, as well as local market conditions. All of this information is included in the Comparative Market Analysis (CMA).
Interested buyers will make an appointment to see your home in person. It’s standard to leave your home while potential buyers are there; doing so makes them feel more comfortable talking about the home and encourages them to take their time. Be sure to let us know what appliances and fixtures will not be included in the sale so we can let buyers know before they submit an offer.
Identify and remove potential hazards ahead of time. During showings, keep your walkways clear, take your dogs to the park and, if you have a pool, make sure the gate is closed. If a potential buyer gets hurt while viewing your home, they may try to sue.
Open the curtains and blinds to let light in and turn on all the lights in your home. Also, turn the thermostat to a comfortable temperature. Keep your home in show-ready condition. Keep the clutter under control and home maintained, inside and out.
When you get an offer, we’ll present it to you and negotiate on your behalf. The offer may include the amount the buyer is proposing to pay, how much they plan to mortgage, theirideal closing date, any contingencies, and personal property they want included or excluded.
Once you’ve accepted an offer, we’ll outline contingency dates and start the paperwork process. During this time, it’s important to make sure all contingencies, including inspections and repairs, are made by the deadlines. On closing day, the buyer will do a final walkthrough to check the condition of the home and ensure the required repairs were made.
During the closing process, you and the buyer will sign the final paperwork. Additionally, the title will be transferred to the buyer and they’ll receive the house keys. Most importantly, you’ll receive payment for the home, minus the payoff of the existing mortgage and transaction costs.
Ready to Sell?
If you’re thinking of selling your home, give us a call! We’d love to help you through the home selling process.
Avoid these common mistakes sellers make when they list:
- Getting caught up in emotions
- Not taking listing photos
- Overpricing the home
- Hiding issues
- Expeceting buyers to pay the asking price