An unprepared homeowner can have difficulty when selling a home. The duration of time required to market a home depends upon factors such as the real estate market, the condition of the home and the amount of houses available in the exact same location. A marketplace with more sellers than buyers can drag out the home sale process.
Determine Type of Sale
You need to choose whether to use a real estate agent or sell the home yourself. A real estate agent will market the home for you, make appointments with prospective buyers and help throughout the market period. Real estate agents are generally compensated by commission, or some proportion of the home’s sales price, for example 6 percent. Promoting the home yourself means you’ll need to market the home and handle all of the showings, however you’ll not need to pay money to a broker out of your sale proceeds.
Establish the Price
A significant decision when buying home is what the home’s first price will be. The time you need to market your home can be a variable when setting the cost because if you need to market quickly, a lower cost will attract more buyers. When pricing your home, the value of similar houses in your area can be used as a basis. A cost that’s too high can discourage offers, which won’t let you negotiate.
Prepare for Showings
The home should be attractive to the prospective buyers. Any minor repairs or decorative touch-ups you can do can help sell your home. A neat and clutter-free home makes viewing easier for interested persons. Get ready for moving by packaging stored things and organizing your home. Discarding unnecessary things can give the home a sharper appearance and make the moving process easier. You can seek the services of a home inspector to confirm your home for major issues or needed repairs before listing the home for sale.
Choose a Real Estate Attorney
Real estate attorneys are professionals that specialize in home sales. An attorney is generally not required when purchasing a home, but you may need to use a lawyer to perform the legal documents for home ownership transfer on your own state. Consider employing a real estate attorney if you believe the trade will be complicated or you’re unsure regarding the actual estate processes in your area, NOLO suggests.