If you've been thinking about selling your home, there's never been a better time to do it. Home prices have been surging to unprecedented highs all year.
Many experts believe this trend will continue into 2022, so there is still plenty of time to capitalize on it. The good news is that selling your home is easy with the right professionals to guide you. Our helpful guide will walk you through the process one step at a time.
- Find a Broker
Finding a qualified real estate broker should be the first thing on your to-do list when preparing your home for the market. There are ways to sell your home independently these days, so some people decide to skip this step. This may sound like a good idea at first, but many of them come to regret that decision later on.
A real estate broker will take care of pricing, listing, and marketing your home – all of which you would otherwise have to do on your own. Their help will save you a lot of time and stress, and their expertise ensures that you get as much money as possible from the sale of your home.
- Prepare Your Home for Sale
To get the best results when selling your home, you have to treat it like a product in a store: presentation is key. Here are a few things to do before your agent creates an official listing for your home.
- Declutter your space.
Whether it's piles of half-read books, drinkware, or an impressive collection of chargers for your electronics, we all have some degree of clutter around our homes. When trying to sell your home, these things will only get in the way. Put them away and out of sight to keep the space clean, impersonal, and easy to navigate.
- Switch to a neutral decor.
Your home decor may match your tastes exactly, but it probably won't appeal to buyers. Do what you can to make the space look as neutral as possible. Remove posters and personal photos, store away any eclectic bits of furniture, and consider painting any rooms with bright or unconventional wall colors.
- Get up to date on your maintenance tasks.
Make sure that everything around the house is in good working order and looks presentable. Creating a maintenance schedule can help you stay on top of tasks if you think your home might be on the market for a while.
- Get Ready for Showings
Once you've drummed up some interest in your home, it's time to start showing it off to prospective buyers. Your broker will handle all the arrangements and scheduling considerations, so there's no need to worry about that. Instead, focus on getting your home and family ready.
Make sure you keep on top of your cleaning and have a place to go during showings. This can be difficult with kids, but it helps if you have a friend or family member living nearby who you can visit on short notice.
- Review Offers
After your home has been on the market for a while, you can move on to the fun part: reviewing your offers. The current market is extremely competitive for buyers, so you might have multiple offers to choose from. You might think it makes sense to just choose the highest one, and that may end up being true. However, there are a few other factors you should think about when weighing all of your offers.
- Are your buyers pre-approved by their bank? If they are, you can cut the closing process down by several days.
- Have they asked for any concessions?
- Have they asked for a buyer's contingency?
- What is the timeline on their offer?
- Close the Sale
Once you've decided which offer you will accept, it's time to let the buyers know and start working to finalize the deal. You'll have to take the home off the market, but you won't receive your funds right away. You will need to give the buyer time to inspect the property and decide if they really do want to go ahead with the purchase.
After financing matters are sorted out, you'll need to sign the title and escrow documents to finalize the sale. Once the buyers have been recognized as the official new owners and your money has been transferred to you, the process will be complete.
- Get Ready to Move
Remember, there is more to selling your home than completing the transaction: you also have to find a new place to live.
Whether you have another property ready to move into or plan to stay with friends or family for a while as you scout out a new place, you'll need to have all of your belongings cleared out before the new owners take possession of your home. If you need to go house-hunting yourself, with the right agent to help you, you're sure to find the right home for you.
Selling your home could be your next big adventure in life - are you ready to get started? Our brokers can help you sell your current home and find a new one that suits your needs. Contact us today.