The real estate business is currently booming and more people are looking to capitalize on this opportunity by selling houses for huge profits.
Photo by Valentina Locatelli on Unsplash
However, jumping the gun without thorough research and the right know-how can be detrimental to your finances.
In order to help you on this journey, we compiled a list of tips that you need to follow to ensure that you sell your property fast and for a significant profit, so grab your pen and let us guide you with our ultimate home seller checklist.
Do Your Research
The most important thing when selling a property is to find the right price. Inflated prices can drive buyers away instantly, however, going too low might lead to you losing the funds that you have invested in the property.
Conduct your own research and discover how much the houses in your neighborhood are selling for. You can also see what your neighbors are doing and act accordingly. By that, we mean that some houses offer more for less price. Different location means different price. If you are in an urban area, expect to see better offers.
Consider the age and the condition and be sure to calculate your home equity. That being said, it’s safe to consider that there are a lot of factors that can make or break this home selling process. Luckily, there are numerous online resources that you can visit to learn more about what to expect during the home-selling process.
Prepare Your Home For A Sale
Looking to raise the value of your home so that you get better offers? If yes then renovations are in order. Houses that are in better condition fetch better prices and to get your house in that state, you might need to invest a bit of cash. However, you have to actually make sure that the renovations will bump the price up and that the renovations don’t leave you with a lighter pocket.
Make sure that your house paint job is captivating and that the windows are replaced. If your house has a lot of space, make sure to include outdoor tables or grilling equipment. Families love outdoor activities and you can probably net a higher profit if your house is set up for success.
You can also look into your HVAC system and see whether it is running properly. Be aware that your house has to pass all inspections so fixing and repairing every little detail will be worth it.
Work With Experts
If you are selling a house for the first time, consulting real estate experts is strongly advised. A real estate expert will ensure that you get the right price for your house and that both parties are completely satisfied with the process.
If for some reason you decide not to work with a real estate agent, we can’t possibly stress how important working with a legal estate lawyer is. Selling a home is not an easy feat and you need all the help you can get.
If you do decide to work with a real estate agent, inquire about their experience in the field and about their average list-to-sale ratio.
List Your House Everywhere
Now that you have experts at your side and you have set the right price, it’s time to list your house. You can consult your real estate agent and pick the right course of action. Nowadays, online house catalogs are extremely popular and convenient, but your real estate agent will work with a larger network and make sure that your house gets the attention of possible buyers.
Keep in touch with your real estate agent at least twice a week to see whether there is interest in your house or whether some offers are worth your time.
Stage A House Showing
The pandemic is slowly coming to a halt and open houses are back. With proper house showing, you can turn visitors into customers if done correctly. Hide your personal items and let the house speak for itself.
Visitors will have a better chance of getting the feel of your home during a visit so it’s always a good idea to stage a house showing.
Selling real estate is never easy, but with the proper guidance, you will always find a way to overcome the obstacles. Working with real estate experts and educating yourself on the topic of real estate will certainly help a lot. That being said, don’t forget to stage a proper house showing so that visitors can experience the whole aura of the home.