8 simple Steps to sell your Home
Decide to sell your home
This can be something as simple as freshening up the walls with a coat of paint or updating your door knobs and lighting with more contemporary styles all the way to major renovations like installing a new kitchen, bathroom or hardwood floors.
Before you do anything though, it’s probably wise to know how much value a renovation will actually add to your sale price.
Enhancing curb appea
First impressions mean a lot.
Which is why you want your home looking its very best when a potential buyer is standing at the bottom of your driveway.
So, make sure the lawn is cut and raked. Trim bushes and trees, even add a few brightly coloured flowers. Touch up any peeling paint around exterior windows and doors, stain the fence or deck, clean up your garage or shed and ensure that your home looks just as enticing at night by making sure it’s well lit
Getting a home inspectio
The last thing you want is for the deal to fall through due to an unpleasant surprise. It’s also highly likely that the buyer will ask for a home inspection anyway. So you may want to consider taking the initiative yourself.
That way, if there are any major repairs that need doing now, it won’t jeopardize the sale of your home or force you to lower the price later on.
Find the right Realtor
Now that you’re ready to sell, you should list your home with a real estate agent. The reality is, selling a home involves more research, paper work and effort than most people think. Ideally, you should seek out an agent that has a great knowledge of you neighbourhood and local market trends.
A good agent will help you accomplish your goals!
Listing your home for Sale
Set a price
Is not as easy as it sounds. Buyers wont be motivated if you price your property too high. If the price is too low you stand to lose thousands. A great real estate agent can help you by doing a complete property profile of your house. Current condition, location, surroundings and special features are included.
As well a comparative market analyst will show you what houses in your area have sold for in recent months and total market overview.
Your agent will take into consideration as many factors as possible to accurately assess the fair market value of your property so it sells fast while maximizing your profi
Market your hom
No Matter how well your home is priced you will need a plan to attract buyer. Thats where your real estate agent is coming into play. Aside from newspaper advertising and listing your property on Multiple Listing Services they will work with you to create a “features sheet” or video to make your home stand out from the pack.
Your agent will also use blogs, social media channels, various websites and they own personal peer network to capture the buyers attention.
Home staging tips
The way your home looks to prospective buyers can make a striking impression.
To get buyers feel like they can already see themselves living in your home – thats the goal you want to achieve.
This literally means, getting your “set ready” for buyers. In other words, cleaning your home from top to bottom including carpets and drapes, kitchen and bathroom tiles, walls, ceilings and trim.
Next step is getting rid of those items in your home that make rooms feel smaller than they actually are. Organize and tidy up your closets, bookcases, cabinets and put away personal items like souvenirs or photographs.
Prepping for an Open House
A successful open house is key for generating quick interest in your home. Make your rooms bright by opening blinds and windows. Turn on the light in darker rooms.
Help the buyers imagine themselves in your home by sitting at the dining table or putting some fresh flowers. Offer refreshments and some snacks.
And for your own security, make sure your store all valuables.
When the open house is over ask for feedback so you can improve things if necessary.
Reviewing and accepting an offer on your home
Get to know your term
Not all offers are created equal, fortunately your real estate agent is there to help you.
The main factors will include the price the buyer wants to pay, details about the offer and financing as well as any conditions, inclusions or exclusions the buyer wants to make contingent on the closing.
These offers can be “firm” which means that they’re willing to buy it exactly as it is.
Or, the offer could be “conditional” on things like a home inspection, approval of financing or the sale of their existing property.
Review every detail
It’s not just about the price. The buyer may have asked for other things to be included like furniture or chandeliers. Also they may have requested some minor renovations. Furthermore they may have asked for longer or shorter closing periods or made it contingent upon something else.
All these factors influence what the offer truly looks like – and experienced real estate agent will help you wether to accept, reject or make a counter offer.
If you accept, congratulations! If not heres the next important step.
Negotiating and Counter offers
Maybe the price was lower than you expecting or the buyers have asked for some extra inclusions. This is one stage where you’ll be glad to have a real estate agent.
Know ahead of time what you’re willing to compromise on and, as far as price goes, how much. Take a good look at what the buyer is asking for. Finally, if you feel you’re not going to be able to come to terms, don’t be afraid to reject the offer.
You may be in the situation where you receive offers from several buyers.
Now, you have the opportunity to compare and decide which offer, based on conditions best suits you.
One thing to keep in mind though is that patience and respect are paramount.
Your agent will certainly provide sound advice in this scenario to arrive at the best outcome for you and the fairest to all parties
Home closing process
Closing costs these fees need to be paid by or on the closing day and include mortgage application q fees, legal fees, insurance, and more.
Your real estate agent will be a great help in managing all of this and get you to your last step.
Home moving tips
The day has arrived. And there will be as much excitement as there will be sore backs. Here are some tips for a smooth move:
Make a moving checklist that details a plan for things that need to be done weeks before you move all the way up to moving day itself
Plan for packing by clearly labeling boxes. You might even want to provide a small floorpan for the movers so they know exactly where to take them.
Inform your key contacts of your change of address.
If you have children, try to make it exciting for them and make sure to talk to them and explain why you’re moving.
Make sure you get competitive quotes from reliable moving companies.
Cancel your cable and utilities. Make sure to have the gas, electricity, cable and phone hooked up at your new home.
Congratulations! You sold your house.