Selling a home involves a lot of planning and decision-making, which can sometimes make it hard to know where to start. Here are five tips to sell your house quickly and at an excellent price.
Order a Pre-Listing Inspection
Before putting your home on the market, order a pre-listing inspection. This type of inspection typically costs a few hundred dollars, but it is a wise investment. A professional home inspection reveals underlying issues that may affect your chances of selling the house. If you are not aware of these issues, you cannot make repairs or price the home accordingly. Major problems with a property may deter buyers after they tour the house and order an inspection.
Hire a Professional Realtor to Sell Your House
Selling a house can be complicated, especially if you haven’t done it before. This is why it is helpful to hire a real estate agent whose track record of sales demonstrates they have the knowledge and training to market a property while representing the seller’s best interests. Make sure your agent is familiar with your neighborhood and understands the local housing market.
The real estate agent lists the home, does most of the paperwork, reviews the buyer’s offers, communicates with the buyer’s agent, and handles the negotiations and closing details.
Choose the Best Time
The best times to sell your house are summer and spring since families want to move before the school year begins, and the nice weather makes home inspections and viewings easier. However, buyers can be more selective during these seasons due to increased inventory. Research how to sell your house during different seasons, and you’ll be prepared for all weather conditions.
Talk with your agent about when you prefer to sell and determine the best time to list the property.
How to Sell Your House: Price the Property
Pricing your home is a critical step that requires research of current real estate trends. Gain insight into what your home is worth by comparing the prices of other similar houses in your neighborhood. Taking into account the results of the pre-listing inspection, work with your agent to price the home. The better condition your home is in, the more offers you will get, and the easier it is to negotiate the price. However, the asking price must be fair and accurate.
The Drawbacks of Selling Your House on Your Own
In a “For Sale by Owner”(FSBO) listing, the owner supervises and manages all parts of the transaction. You will not have to pay a listing agent’s commission since you are doing the work yourself. As the seller, you determine the asking price, handle the marketing, negotiate with buyers, and navigate the contracts and paperwork on your own. Without professional representation, you risk your home sitting on the market and getting less favorable offers.