Putting your house up for sale can involve some complicated steps. It depends on the condition of your home, the nature of your local market, and the price you want for your house. Here's a look at things you'll want to consider before listing your home for sale.
Hiring A Real Estate Agent
You may not like the idea of paying a commission to get your house sold, but you could have better results when it comes to how fast your house sells and the price you get if you work with a real estate agent. The agent markets your house and advises you on matters that could make a difference in how quickly your home sells, so it's usually worth it to hire an agent and pay the commission instead of trying to sell the home by yourself.
Getting A Comparative Analysis To Set A Price
Setting the price for your home can be an emotional decision. You want as much money as you can get, but if you price your house too high, it won't sell. An agent can do a comparative market analysis to help you decide on the right price. A market analysis looks at prices that comparable homes in your neighborhood are currently listed at and have recently sold for. This gives you a guideline for the initial pricing of your home and how much room you have for negotiations.
Having A Home Inspection Done
The buyer will have an inspection done, so it may not be necessary for you to do one yourself. However, you might want to know about potential problems before you list your home so you'll be prepared for what the buyer's inspection might uncover. By learning about problems with your house, you can have the repairs done before listing your home or alter your price accordingly.
Preparing Your House For Sale
Getting your home ready to sell might take a lot of work and money. An agent can help you decide on the improvements you need to make that have the best chance of paying off. At the least, you'll want to improve the appearance of your home by decluttering, painting, cleaning up the yard, and making other minor cosmetic improvements. If your home needs major work, you'll need to decide if you'll have the repairs done yourself or if you'll disclose the problems to potential buyers.
Since getting your home ready for the market could take weeks or even months, it's good to start preparing as early as possible and not wait until you need to sell your house so you can move. The better condition your home is in, the more appealing it is to buyers, and the more money you can get from it.