Selling your home is a time of emotional and mental stress, and is especially difficult if you try to go it alone. If you are looking to sell, you need the right timing and the proper help to make sure you cover all of your bases. These days, millennials and Generation Z-ers are boosting the housing market by taking the leap and buying homes. Studies show that in 2016, 34% of home buyers were 36 years and younger, with 66% buying for their first time. This means that the time is right for you to think about selling. And since a long and complicated process is ahead of you, here are simple tips to help you get started.
Choose an Agent
Finding the right real estate agent could make or break your sale. You want to make sure you meet a lot of agents to find the person who suits your needs and personality best. You will be working closely and often with this person, even potentially giving them the keys to your home so they can show it to prospective buyers while you aren’t around. This is a big responsibility, which is why you want to find someone you trust, suggests Queensland realtor Ryan McCann. Once you have an agent with whom you work well, you can start to look into details about your house itself.
Researching an analysis of the selling market before you list a price is crucial. Plenty of sellers make the mistake of listing too high and getting no buyers, or too low and losing money for what is worth more. Your goal should be to keep your selling price in line with sold homes that share similarities with your property. This information can be found in a comparative market analysis report. By looking into these statistics, you can sense whether the market is hot, cold, or neutral, and price accordingly. If the relative selling prices of other similar homes seem too low for what your home has to offer, it might be a good idea to wait until the market spikes again. Typically, during holidays and the wintertime, you will have more difficulty selling for a higher price than you might in springtime. If the home is properly priced, you could receive an offer in the first twelve showings.
Fix it Up for the Market
The impression of your home means everything to making a sale. You need to make your home as appealing to a buyer as possible. This means cleaning it up, taking any pets to a different location, and possibly even hiring a professional stager to set up your house for marketing photos. Most importantly, you will want to fix any appliances before they become listed as broken to a buyer. The more work they have to put into making your house feel brand-new, the less likely they are to buy it. Call a company that provides quick and thorough appliance repair in Honolulu or wherever you live. Be sure any repairs are taken care of before advertising your home.
Show It/Open Houses
Once you have fixed the place up, you are ready to show it. Your real estate agent can take care of this for you, since there are more opportunities to show the house on their schedule instead of your own busy one. You can leave a key in a lockbox so your agent has the freedom to take potential buyers around as soon as they express an interest. Open houses can also be a great tool for showing your home. They are an opportunity to receive feedback on the home’s assets and quirks.
Soon after you begin showing, you should start to receive nibbles from buyers. From there, negotiations, inspections, and paperwork follow. But don’t be stressed! Your agent can help you with all of these aspects so you can focus on keeping the house presentable. Selling your home doesn’t have to be stressful and time-consuming. If you follow these steps, you can find a way to add your home to the list of 5.51+ million homes that sell each year — signed, sealed, and delivered.