Home Seller's Step-By-Step Guide
So you've decided to sell your home - now what? Knowing what to expect and having a solid game plan will help keep you and your objectives on track. Here is an overview of the selling process and how to best prepare for this transaction:
1. Make sure that you have a thorough understanding of why you're selling your home. Create a list that outlines each of your reasons, you may need it later if you get cold feet. If you're trading up or down, make sure you have a thorough understanding of how the change will impact your lifestyle. It's also a good idea to determine whether it's best for you to buy first or sell first.
2. Hire a Realtor! Selling a house is likely one of the largest financial transactions you'll ever make, it would be foolish to go it alone. A Realtor can help you determine a fair and profitable list price, market your home to the widest audience, pre-screen homebuyers, navigate the dicey territory associated with property disclosure law and negotiations, and provide you with invaluable advice and guidance related to your specific transaction.
3. Get your house in showing shape. This means cleaning up the interior and exterior and enhancing your curb appeal. Now also is a good time to make any cosmetic fixes that may enhance your property's salability, contemplate whether staging is right for your home sale and to make sure your all its systems are in good working order.
4. Consider obtaining a pre-sale home inspection. The report will help quell your anxieties about the unknown issues the homebuyer's inspector may find and also could bring to your attention issues that need to be remedied before you market the property.
5. Prepare for negotiations by outlining the concessions you're willing to make and those that you won't even consider. The list will come in handy when you're in the throws of price negotiations. Consider purchasing a home warranty, the policies can help alleviate some of the homebuyer's reservations about home maintenance costs.