The Steps – How To Sell Your Home
When you are selling your home it can be a stressful and unchartered time for many home owners. Maybe this is the first time you are selling your home? Maybe you haven’t sold your home in several years and don’t remember what happens when you decide to sell your home. Regardless of your situation there are several steps that have to be taken in order to sell your home. Here are those steps: How to sell my home.
1. Decide When to Sell
It is important that you decide when it is the right time to sell your home and what makes the most sense for you and your family. With this constantly changing market, it is difficult to determine when the “right” time to sell your home is. You have to do what is right for you and your family. It is now being recommended by a lot of real estate agents that you sell your home before buying your next property. This allows you to not worry about having to carry two mortgages or be stressed trying to sell your current home before the closing of your new home.
2. Find a Real Estate Agent
When deciding to sell your home you need to decide on a real estate agent you are going to be using unless you choose to do a for sale by owner (FSBO). When finding a real estate agent it is important that you have someone who you can trust and someone who knows and understands the market in order to get top dollar for your home. It might be a good idea to use the agent who sold you the current home you are living in because they already know you and your home; you have a relationship with them. If you didn’t have an agent previously you could look around online and meet with different agents to see who you feel the most comfortable and confident with.
3. Sign a Listing Agreement
Once you decide who is going to be your listing agent, you have to sign a listing agreement with them. This agreement is a legal document which states that you and the list agent agree to sell your home and a time limit is set for your realtor to sell your home. Typically this limit is 90 days but it can vary depending on the client and listing agent.
4. Determine the Home’s worth and asking price
Along with your agent, you will decide what the asking price of your home will be. The listing agent will inform you of comparable homes within the neighbourhood and recommend what your home should be listed for. Depending on the market, the listing agent may suggest to list lower in order to create more attention or the agent may recommend listing at the price you want to attract the buyers that will be willing to pay that amount for a home.
5. Prepare your home to go on the market
First impressions are everything for a potential home buyer. It is important to make your home one in which a buyer can see themselves living in as soon as they walk through the front door. This means that you need to declutter your home and take away all personal items. If you have a lot of personal items including family photos throughout your home it will be difficult for the potential buyer to see himself or herself living there. Some home owners choose to have a stager come into their home to fluff or completely stage their home. This is dependent upon the listing agent you choose as well as your preference.
6. Show your home
Once your property is on the market, you will have to show your home. In most cases, open houses are done by the listing agent as well as a lock box is put on your property’s door. A lockbox allows potential buyers with their agents to get into your home to view the property once they have made an appointment to do so. As a seller, you have to option to be notified by your listing agent’s office whenever an appointment is made to see your home. Since these appointments could potentially happen at any time, it is important to keep your property as de-cluttered and as possible at all times.
7. Receive an offer
Anytime an offer is registered and sent to your listing agent you will also get to see the offer. You have three options when dealing with an offer. You can accept the offer, reject the offer or sign back and counter the offer. This is when the negotiation process will begin for your listing agent along with the buyer’s listing agent. This is probably the most stressful time for both sellers and buyers. It is important to be as patient as possible with your listing agent as they know what they are doing and will do everything they can to ensure you are getting top dollar for your home.
8. Close the deal
Once the deal is accepted, buyers, sellers and listing agents have signed the agreement you are not completely finished the process. You have to contact a lawyer and satisfy any conditions that are on the agreement in which you are required to take care of. On the day of closing, your lawyer will finalized all the details.
Although selling your home can be a stressful time as the sellers, it is important to know and understand the process and steps to selling your home. If you decide it is the right to sell your home, follow these steps to help ease the stress. Anytime you have a question or don’t understand something throughout the process, ask your listing agent. They will be more than happy to answer your questions to ensure this is an enjoyable experience for their clients!