As a seller, you will need to prepare your home to show, find a real estate agent and be responsive to potential buyers’ requests and the offers you receive. In this article, we will discuss How to Sell a Home: A Beginner’s Guide. For some tips on how to sell a home, here’s an overview of the process.
Preparing your home
You want your home to look its best for prospective buyers. Walk through each room and around your property to get a preliminary idea of the work that needs to be done. Often, homeowners will tackle small jobs like touching up paint and trimming bushes to improve the appearance of their home and increase curb appeal. Focus on areas are that important to buyers, such as the kitchen and bathrooms. This is also a good time to begin decluttering your house and packing up personal items. Home buyers must be able to picture themselves living in your home.
Find a real estate agent
When you are ready to sell, interview several real estate agents. For the best results, look for someone with local knowledge and experience, whom you trust and who is responsive to your requests. You will be asked to sign a listing contract prior to engaging a real estate agent — read it carefully.
Real estate agents work with sellers to complete these steps before listing a home:
- Discussing the best ways to stage your home.
- Deciding on a list price, using comparable sales of homes in your neighborhood.
- Designing a marketing plan, including brochures, Internet listings and open house dates and times.
Accommodate showings and other potential buyers’ requests
Once showing requests begin to roll in, you can support your agent by being flexible and responsive to requests. Keep the house neat and ready to show. Have a plan in place for last-minute showing requests. When potential buyers make requests through their real estate agent, try to respond in a timely manner.
Sign an agreement
When an offer is presented, sit down with your real estate agent and discuss the positives and negatives. In addition to the offer price, consider the proposed settlement date and the buyer’s financial stability. As a seller, the final decision to accept or reject an offer is yours. If you accept an offer, you’ll complete an Agreement of Sale and set a settlement date. Pending any requested property inspections, the house is now considered off the market.
Learning how to sell a home takes time, and your first experience may have some ups and downs. But armed with knowledge and experience, you’ll develop more confidence with each subsequent purchase and sale.
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