Home Selling Checklist - The Process of Selling Your Home
Once you've made the decision to sell your home, it's time to think about what comes next. Throughout the process, you may find it beneficial to have a checklist to help guide you in some very important choices that you will be making in the coming months.
Determine the Value of your House
When you list your house for sale, a home inspection will be helpful in better preparing the home. In addition some home owners opt for an appraisal prior to listing. As the seller, you may wonder why you would want to have your home appraised, but you do not want to overprice or underprice your home. If you ask for more than the home is actually worth, lenders won't likely grant a loan even if you find a willing buyer. If you price your home too low, not only will you be taking away from your own profit, but potential buyers may wonder what's wrong with the home that it's priced so far below market value.
With an inspection, appraisal, and a summary of current market conditions, you can list your home with the knowledge that the price is right.
Decide How Quickly You Want To Sell
Believe it or not, your schedule could greatly impact the listing price. If you are in a hurry to sell, you may find that a competitive asking price will help you sell your house much quicker. A price that reflects the higher end of a buyer's budget may take some time to sell, so consider these factors when pricing your home.
Make Time for Updates
As your Coldwell Banker Sales Associate, I will offer advice as to what needs to be updated, repaired or changed in order to maximize the potential of your home. When a buyer looks at a home, they are looking at the cost of repairs or upgrades, decor, etc. Once, if anything needs to be updated, you will be able to commit to an asking price and sign the listing agreement.
As a seller, you are probably already aware that potential buyers will make an offer that could be less than your actual asking price. That's the name of the game, and you will need to decide whether or not your asking price is firm or negotiable. If an offer comes your way, you will always have the option of making a counteroffer or simply rejecting the deal altogether.
As a final thought to the offer process, keep in mind that buyers typically offer less than they are actually willing to pay initially. Most offers are time sensitive, which means you may have to make some quick decisions. Of course, as your real estate professional I will be there to guide you through every step of the process, including guidance as to whether or not an offer is fair in the current market.
Close the Deal
When the price is right and you agree to the terms, it's time to say goodbye to your former home. Before you sign anything relating to a real estate transaction, make sure that you read over every detail of the agreement. If you have any questions, ask me as your Coldwell Banker Sales Associate.
I hope you found this information helpful. I am always available to assist you with any real estate needs you may have. Please feel free to contact me at any time.
"Expect the Best" Mike