We all know this real estate market has gone through the roof as far as values go. But everyday I see sellers lose potentially tens of thousands of dollars by not following a few simple steps.
10 things to consider before you put your Home for Sale
Dated: April 22 2021
Deciding when it is time to buy a new house and sell your older one is one of the major decisions that one takes in their lifetime. These types of decisions are crucial financially and have an everlasting effect on your journey to financial Independence.
There can be so many reasons for you to sell your beloved home, like relocating for work, you need more space for your growing family or moving to a more desirable neighborhood, or even downsizing. The reason can be any, but the process is the same.
Check Out The List Of Things Before You Put Home For Sale!
Selling your home can be extremely time-consuming and emotional if you are doing it for the very first time. Most of the time you feel emotionally challenged when you host open houses for strangers who will come into your home and open your closets and cabinets and at times criticize the place to which you become emotionally attached.
With complex transactions and an emotional rollercoaster, sometimes it becomes very easy for first-time home sellers to make mistakes. However, with a little help, you can easily avoid these pitfalls and sell your house at the highest possible price within a short period of time.
Here is a list of things you should consider before putting your home for sale:
Repairs are necessary -
When you start planning to sell your home, the first step is to check your house for repairs if any. You must be absolutely sure that there are no leakages, cracks or any stains on the ceilings or the walls, or any scratches on the floors... The prospective buyer tends to be very critical with every detail, some even hire a property inspection expert to inspect the place. If you decide to make the repairs, there is a high chance of getting more offers at a higher rate.
Declutter and make your home look as pretty as possible-
Decluttering is always beneficial to attract more clients. It is better that your home looks spacious and livable. Nobody likes a messy house. The clients won’t3. be able to see past your clutter so move the things that you no longer need and free up some space for the potential new owners to see.
The smell of fresh paint:
Choose to put up a fresh quote of paint on your walls. Freshly painted walls with neutral tones attract more customers and make the house look even brighter. Neutral colors allow the buyer’s imagination to play the part, and they start imagining how they would decorate their corners in the house.
It is better to prepare the paperwork beforehand to avoid any delay and confusion. There are buyers who are ready to move in and for them having the paperwork already in place is a plus. Some of the paperwork that needs to be in place is deed, homeowner’s insurance information, loan information, property tax statements, appliance warranties, title reports, purchase agreement, home inspection reports, and any other information regarding the property.
If someone wants to see your home, you need to accommodate them, even if it makes you feel uncomfortable. And yes, you need to clean and tidy the house before each visit. A buyer won't know or care if their home was cleaned last week. It's a lot of work but, you should focus on the price that the buyers are offering to buy your house.
It is always better to hire an agent:
It is always better to get a second opinion if you decide on hiring a Real-Estate Agent. These agents know the market and quote the best price possible. A good agent would do half the job for you making your life easier. These agents are good at what they do and at times give you a deal that you could never have landed.
Never get too emotional:
It is understandable that when you live somewhere, even a four-wall room becomes home for you. When it comes to selling, never get too emotional as people who come into your house are buyers and might at times criticize your humble abode. When you decide to put your home for sale completely forget that you are the owner of the house. This way you distance yourself from the house and start thinking as a businessman
Social Media can be a blessing:
List yourself on websites when you decide to sell your home. You will get better offers and more customers by listing on different portals. Posting pretty pictures of every nook and corner of your house. Beautify your home with some DIY ideas before clicking pictures to be put on social media.
Never set an unrealistic price:
Setting an unrealistic price is never a good idea. People who might like your house shy away when they see a price that is significantly higher than the market rate and the property value of the neighborhood. Always ask an expert to analyze the value of your property and take a second opinion. It is better and safer. Putting a lower or a higher price tag only reduces your chances of cracking the best deals for your home.
Always know who you are selling to:
It is better to have a background check of your prospective customers to see if they have any ending mortgages or enough to do the down payment on the house. It is better to be safe than regret later. It is better to know that your customers would be able to pay you the price that you have asked for.
Putting your home for sale is never easy, no matter what the reason, it is in fact a huge task. Doing it right with the help of the right people is important for you to be able to sell your house better and get a good deal. So the next time you plan to put your home for sale, don't forget to make a checklist with the above-mentioned points. ho