7 Important Stages in the Home Selling Process
Last updated on May 11th, 2021 at 12:56 pm
Ready to sell your house? Don’t miss these seven critical stages in the home selling process to be aware of before listing your home.
Hire a Listing Agent
Selling your home on your own can be a big mistake. Without a background in real estate, it’s likely that you will miss some important steps and struggle with the contracts. To avoid any costly blunders, we recommend hiring an agent to give you the upper hand. A listing agent will represent you through the entire process, negotiate on your behalf, and get you the best price possible.
Determine the Value of Your Home
One of the most significant missteps you can make when selling your home is to price your home too high or too low. That’s why it is crucial to have an appropriate market report that outlines the comparable sales, how long the average house has been on the market in your area, and the average asking vs. sale price so that you can price accordingly. If you’re not familiar with market reports, your real estate agent can help you understand all the data and price your home correctly.
Get Your Home Prepared
If you want to sell your home fast and at the best possible value, you need to repair broken items, declutter your space, and then stage your property. Buyers need to envision themselves living in the home, and this won’t happen if your place is filled with your belongings. Instead, captivate buyers by clearing out the junk and staging your home. If this isn’t your forte, you can hire a professional staging company or ask your agent for help.
Market Your Home
One of the most important stages in the home selling process is marketing. People need to know that your home is for sale. Putting a small ad in the paper won’t cut it these days. You need brochures and online ads that have professional photos and copywriting content that will make your homes stand out amongst the rest.
Show Your Home
Once your home is on the market, it’s then time to show it off to prospective buyers. This involves arranging and marketing the open house, walking people through your home, and collecting feedback. Because you only get one chance to make a lasting impression, we recommend leaving this step to the pros who specialize in selling and know how to present your home in the best light.
Accept or Decline Offers
Putting the contracts together and negotiating the terms is an important piece of the puzzle. You should always use an approved real estate association Standard Purchase and Sale Agreement, unless you have an agent or lawyer on your side. If your home is priced right, be prepared to receive multiple offers and contract conditions.
Finalize The Sale
Once you have accepted an offer, there will be a number of critical steps you will need to take to finalize the sale. Some of these include arranging a home inspection, organizing a statement of adjustments, and arranging the deed. The transaction process is very detailed and specific, so it’s wise to let a professional take care of this step when possible.
Don’t get stuck with costly errors when selling your home. Have a real estate agent that you can trust on your side. At Geoff & Bobbie, our agents have expert market knowledge, an exceptional track record, sound negotiation skills, and a list of potential buyers in play. Contact us today!