Selling a home is a complex process that takes time, effort, and knowledge to complete successfully. If you’re preparing to sell your home, here are some tips to help you.
Things To Do Before Selling Your Home
1. Get your home in tip-top shape.
That is something you must work on long before you put your house on the market. You must make any necessary repairs or improvements, such as painting, fixing leaks, and power washing the exterior. If you want to push the value of your home higher, prioritize improvements that boost curb appeal. For instance, get a professional garden designer so that your plants do not run helter-skelter.
2. Choose the right real estate agent.
If you’re not sure where to start, or if you want help navigating the selling process, hiring a real estate agent is a good idea. A qualified agent will be able to help you price your home, market it, and negotiate with buyers. Look for someone with experience selling homes in your area—research on how successful and trustworthy they are.
3. Understand your rights and responsibilities as a seller.
Educate yourself on your rights and responsibilities as a seller. Understand what is expected of you during the selling process.
4. Set a realistic price.
Work with your real estate agent to come up with a price that reflects the current market value of your home.
5. Create a marketing plan.
Your real estate agent will help you create a plan to market your home, including open houses, online listings, and print ads.
6. Get your paperwork in order.
You will need to provide potential buyers with certain documents, such as a disclosure form and recent inspection reports.
7. Understand the tax implications of selling your home.
Talk to a tax professional so that you understand how selling your home will affect your taxes.
8. Take good-quality photos.
Hire a professional photographer or ask a friend with an excellent camera to take photos of your home.
9. Stage your home for showings.
That means decluttering, deep cleaning, and arranging furniture to make your home look its best.
10. Be prepared to live with multiple showings.
If you are still living in your home while it is for sale, this means keeping your home clean and tidy at all times and being flexible with unscheduled showings.
11. Be prepared for a lowball offer.
Don’t get discouraged if the first offer you receive is lower than your asking price. That is common in negotiations, and you can always counteroffer.
12. Be prepared to negotiate.
Remember that the selling price is not set in stone. You may have to negotiate with buyers before agreeing on a final price.
13. Be prepared for a home inspection.
A home inspection is a common contingency in real estate contracts. Be prepared for the inspector to find minor problems with your home that need to be fixed.
14. Be prepared for a potential buyer to request repairs.
Even if your home is in good condition and you’ve already made all the necessary repairs, you may be required to do additional repairs before closing the sale.
15. Have realistic expectations about the time it will take to sell your home.
Selling a home is not always a quick and easy process. Be prepared for it to take several months from start to finish. Try not to get too attached to your home during this time.
16. Be prepared for a loan contingency.
If you’re selling your home to a buyer who is obtaining a mortgage, be prepared for the sale to be contingent on the buyer’s loan being approved.
17. Understand the contract before you sign it.
Be sure to review and understand the sales contract before you sign it. This document legally binds you to sell your home at the agreed-upon price and terms.
18. Have realistic expectations about the closing process.
Closing on a home can take several weeks. Be prepared for this by having all of your paperwork in order and being available to sign documents as needed.
19. Be prepared to move quickly.
If you receive an offer that you’re happy with, be prepared to move quickly. That means having a place to stay lined up and being prepared to leave on short notice.
20. Have an exit strategy.
Think about what you will do with the proceeds from the sale of your home. Will you use it to buy another property, or will you invest the money elsewhere?
21. Keep emotions out of the process.
Selling a home is a business transaction, so it’s crucial to keep emotions out of the equation. That can be difficult, but it’s important to remember that you’re selling a property, not your memories.
Let Go Happily
Selling your home doesn’t have to be a stressful experience. By following these tips, you can make the process go smoothly. You can also ensure that you get the best possible price for your home.