Selling a home is something millions of Americans are doing every single year. Whether you sell your home to a family friend or a buyer you found on ISoldMyHouse.com, selling a home is a big step and financial choice.
But how do you actually go about selling your home? There seems to be a lot to do and it can seem stressful. In fact, according to stats, over 75% of people selling their homes have said it was a stressful experience.
Thankfully, selling your home isn’t actually as complicated as you might think. Sure, there are a lot of things to do, but if you do your homework ahead of time, it will be much easier to manage. Without any further ado, let’s go over the steps and everything you need to know when it comes to selling your house.
First and foremost, you need to decide whether or not you want to sell with an agent’s help or not. While many people will sell with an agent, there is no rule stating you have to. You will save money by selling on your own, but working with an agent has its benefits as well. They can help you market your home exceptionally well, often have better connections and access to much more stats and information than a standard person will.
These individuals have your best interest, both financially and otherwise, in mind at all times. If you do indeed decide to go with an agent, be sure to meet with a couple of different ones and make the best choice based on your needs.
Next up, you need to know the value of your home. Without knowing the value of your home, you won’t be able to accurately set a fair price on the home. The price you list your home at not only impacts how much money you will get, but also how long your home may sit on the market. If your home is listed to highly, it could sit on the market for months.
Of course, if you set the price too low, you won’t get the kind of return you might have wanted. As a result, be sure to set a fair price for the home that is in line with the value. You should look at what similar homes in the area have sold for, the market in your area and what else is on the market.
Once the value and price you want to sell have been figured out, it’s time to market your home. If you are working with an agent, they will likely have a marketing campaign ready or have some solid ideas when it comes to advertising the home.
Whether you have an agent or not, it is a good idea to make a detailed listing available online. Many people start their home-buying journey online so you need to be there. Your listing should include high-quality photos of the home, details of the various rooms and features and things like that. The more detailed your listing, the better, so don’t be afraid to be a little long-winded.
Once you begin to market the home and people can see your posting, you should start to get some interest. Potentially buyers will reach out to you with questions, and many will want to see the home and view it. Of course, when showing the home make sure it is clean, everything is functional and you (or your agent) are helpful with answering questions.
Eventually, people will begin to send you offers. A negotiation will occur and after some back and forth, you will likely come to a price that is satisfactory. Be sure to be fair in negotiations, but also make sure you are getting a price you can be happy with.
Once you get a fair offer, you can accept it. However, once you accept the offer, the home isn’t automatically sold. There are still a number of other things that will likely need to be done. You will need to schedule an appraisal, an inspection will take place, escrow will need to be opened and the title will need to be ordered.
Once you attend your closing appointment, sign everything and give your keys over, the home has been sold. The money will be sent to your account and the exact amount you get will depend on agent fees, repair credits and other things that could have come up during the negotiation period.
In conclusion, we hope that this article has been able to help you learn how to sell your home easily.