There are numerous options when it comes to how to sell a home. SOLD.com is the expert in all areas of real estate selling, and we can help you navigate the confusing minefield of everything to do with selling your home.
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Contrary to common opinion, there are more ways than one to sell a home! The question of how to sell your house may seem like a tricky one, but it doesn’t need to be. So you should absolutely ask “how do I sell my house?” rather than thinking from the outset that your options are limited.
There are a lot of different ways to sell a home but here is a list of some of the general things that happen.
It seems a bit oxymoronic to have the first step to decide how to sell the house. But there are many different avenues in which a house is sold.
There are different hybrid scenarios within the two described above. Here are a few to show what other options are out there.
You need to understand the benefits and drawbacks of each selling method as you consider your options. For example, selling your home yourself gives you complete control over the sale, and you avoid paying potentially costly commission rates to an agent. However, you will not be working with an established network and you may make costly errors in pricing. Additionally, selling your home yourself is hard work. Likewise, selling through a cash investor may enable you to sell quickly, but you may end up selling below market value. By listing with a real estate agent, the hard work of selling is taken out of your hands, but you will lose some revenue through paying commission. The pros and cons need to be weighed to find the right solution for you.
To sell anything it is very important that a price range is settled on. This can come in various ways, but one of the most effective tools is an appraisal.
A pre-listing appraisal before a home is sold allows you to determine the value of the home, especially based on factors such as land value, position, neighborhood, etc. This will help aid in a fast sale.
An appraisal will help facilitate the purchase for the buyer. It will show that the pricing is well-founded, which is very appealing. When a buyer attempts to finance a home an appraisal is necessary in order to receive the cash for the value of the home. It puts the bank at risk if they lend money above the value of the home.
In order to sell a home, it must be in good selling condition. It has to attract the buyer, however you don’t want to spend more than what would actually increase the selling price. Consider doing minor touchups such as new carpet, a fresh paint job, and landscaping work. Bathrooms and kitchens tend to have a high return on investment by increasing the selling price.
Another thing to consider is a pre-sale home inspection. A professional home inspector will view the home and take note of certain liabilities or faults with the property. Also, this can be very beneficial because if few problems are found while inspecting the home, it can attract more buyers or help when closing the deal. A home inspection prevents you or the buyer getting blind-sided later on.
This would be a great time to take professional photos of your home. First impressions mean a lot, and now where is that more true than in the purchase of a home. Photos can draw potential buyers to see more, and then hopefully close on the home.
Now it’s time for people to come see your beautiful home. It’s great to use the traditional channels such as a sign on the front lawn, and word-of-mouth, but there are many other options as well. If you are working with a real estate agent, he will post it on a MLS. Seek other technological channels in your area in order to get as much market exposure as possible.
People will want to come and view the property. Set times when the house will be clean, quiet and suitable for potential buyers to take a tour. Consider having a third party agent show your home to others. This stage may feel like you are a guest in your own home, but it is critical for facilitating a purchase. Try to have as many people as possible view the home.
Nothing is certain until it’s in writing. If a buyer shows interest accept a formal, written offer. There will be other offers so don’t be too hasty. Allow multiple offers to be received and considered before selling the home.
There are many more factors than just the price. Some things to consider are:
The devil is in the detail. It’s important to be very explicit about these things when negotiating the agreement.
You’re getting so close to finishing the deal. At this point or perhaps earlier, it might be beneficial to consult with a real estate attorney. This will allow for any future legal complications to be taken care of and for the deal to finish out smoothly.
It’s important to keep all of your documents in a safe but readily accessible location. Some of these documents include:
This article includes only the basic process on how to sell a home. When it comes time to sell your home, your strategy must be more specific to your selling environment. But don’t worry that’s why we are here to help.
SOLD.com is a free resource provided by experts in the field of home selling. When you ask yourself, “how do I sell my house?” SOLD.com has all the answers. We utilize the most advanced tech available to provide you with instant access to personalized data. Best of all, SOLD.com is not here to sell you anything; you know that recommendations we make are based on your best interests.
When the time comes for you to wonder “how to sell my house”, look no further than SOLD.com for all the tips, guidance and advice you could possibly need. We help guide you through your options and, whether you sell your home yourself or choose to employ an agent, you will be delighted to find the ideal solution for you. Contact us today to learn more!
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