Selling a home is an important decision that requires a lot of work. Each bit of prep work can help you get most returns from your investments. The following are top tips to help you with the selling process.
Steps to selling your home
Investigate the market
You can visit large real estate websites and see how homes that are similar to yours are priced in the neighborhood. Also, you can check local newspapers for listed selling prices of the homes that were sold recently. The majority of newspapers also list the time the homes spent on the market. It is advisable to use prices of the neighborhood as a reference point of the true value of your home.
Choose an agent
The majority of home sellers decide to sell their homes without the need of an agent. They believe in this way they can save at least 5% of the selling price, which a broker collects. Unfortunately, they forget about work that is involved in marketing your home and paperwork involved. If you choose to work with agents, you should ask for referrals from friends. Also, make an appointment with agents and schedule interviews with them. Give the agent your thoughts and suggestions on the selling price. You should be wary of agents who inflate selling prices. It is a good idea to go with what you know about the current housing market.
After finding an agent you are going to work with, you should sign a listing agreement. This is a contract, which outlines specifics of your arrangement like how long will the agent represent your home and all about the compensation specifics. Ensure you include relevant information like when potential buyers can tour it. Some real estate agents may request an exclusive listing of your property. It is advisable to negotiate commissions with your agent. Also, the commission should be based on the price the agent sells your home.
Prepare for an open house
It does not matter whether you are working with an agent or you are selling your home by yourself, you ought to ensure the home is up-to-par when giving prospective buyers a tour. Ensure all clutter from rooms is removed. Any unrequired furniture should stored well. The exterior and interior should be painted. Plant flowers and have the lawn mowed. Fix roof leaks and other known issues.