Wednesday, December 1, 2021

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How To Sell Your House: Tips for A Smooth Sale

As you prepare to sell your home, you may be thinking about the best way to do so. There is the traditional way, working with a real estate broker who will charge a commission for their services and expertise. Then, there is the possibility of selling the property on your own, with the commitment of time and effort on your part to get it sold. Or maybe you are interested in a quick sale to a real estate investor or a firm that purchases homes for cash. In which case, you should know that you may receive a lower offer, but you will not have to concern yourself with any renovations, there will be no home inspection, and your home will be sold as-is, and you do not have to worry about financing or a mortgage not coming through. Not an easy decision, no matter which way you decide to go.

While you are contemplating the best way to sell your home so that everything goes smoothly, there are some steps you can take to help the sale along. 

Price the Home

One of the most important matters to decide when putting a property on the market is the price. Pricing it too high will scare off buyers while pricing it too low will have you leaving some potential cash on the table. Take the time to conduct some online research to find some comparable properties in your area and how much they have sold for. Compare properties that are similar to yours when it comes to location, square footage, and age.

Clean and Declutter

Since you will be moving to a new home, now is the time to start getting rid of things that you will not need in your new location. By doing this, you will not only make the move easier, but you will also be able to present your home to a potential buyer in a much more favorable light.

Imagine a buyer walking through the home and seeing things as you would see them for the first time. Make sure the curtains are opened, and light shines through.

List The Home

Whether you are doing it on your own or with a real estate broker, the home needs to be placed for sale in the MLS database. Professional pictures should be taken and signs placed on the lawn. Then, host a showing for agents and brokers and one for potential buyers.

If you are selling on your own, prepare to have the home ready to show whenever anyone wishes to see it. Make sure the home is always clean and tidy.

Review Any Offers and Negotiate

When selling a house, an offer or multiple ones will eventually come in. Take the time to study the offers and consider such factors as whether the buyers have been pre-approved for a mortgage, if they are asking for assistance at closing, how much they want you to absorb in closing fees, and any other concessions they may be asking for. This may be waived inspections, title insurance, or having you pay HOA fees for the first year. Find out if they want to extend the closing date or are ready to sign on the dotted line.

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