Ten Things a Home Seller Should Know

      Comments Off on Ten Things a Home Seller Should Know

Anyone who plans on selling their house should know that, when done right, this can be a painless and fast process, but the truth is that it involves more than just getting in touch with a realtor. Even though it falls within a real estate agent’s responsibilities to facilitate a transaction, as a seller, there are many other sources of stress and responsibilities that are going to keep you busy.

So if you’re currently planning on selling your home and you want this to be an easy and fast process, then you may want to take a closer look at some of the tips below in order to find out how to go about this properly.

Ten Things a Home Seller Should Know

1Don’t overprice your property
Everyone who plans on selling their home would like to get the best price for it, but the truth is that this causes a lot of people to overprice it. The bad news is that when you overprice your home, you risk having it sit on the market for many months before you can sell it. Sometimes, especially when the asking price is too big, you won’t even be able to find buyers.

If you really want to garnish a lot of attention towards your property, then you’d better price it below the market value. Most of the times people who do this are going to sell their home in as little as a few weeks.

2Market price agreement
You and the agent should both agree on the market price and how the home is going to be marketed. It’s very important that you and your agent are going to agree on the price that the property is going to be sold for.

So if he price is different than what you’d ask for it, make sure to ask him for an explanation about his decision. Marketing your home is yet again a very important aspect of being able to sell it fast and for a good price.

Talk about whether professional pictures need to be taken, where the ads are going to be placed and if the agent will advise other agents to bring in buyers, but also if he’s going to hold open houses.

3It’s important to ensure your house is kept clean
Besides scheduled open houses, you’re going to get a lot of phone calls from other agents who are interested in showing your property to potential buyers. This is generally going to be on short notice.

Because of that, it’s very important that you always make sure your house is kept clean and looking at its best. If you cannot clean it yourself, then make sure that you hire someone else who can keep it looking spotless 24/7.

Also, if there is something broken and needs to be fixed, make sure that you call someone as soon as possible. Seeing something that’s plain broken is a total turn off for some buyers.

4Buyers are very nitpicky
You, as someone who has lived in the house, may have a great opinion about it, but the truth is that most of the times we grow attached to our home and tend to see it much differently than others.

Often, we see it as being more beautiful, comfy and overall more beautiful than everybody else. While there is always going to be something that someone won’t like, it’s important that everything else about your home looks great.

The walls need to be painted properly, you should ensure every light bulb in every room works and so forth. This way, you’ll increase your chances of making a good impression on potential buyers.

5Selling your property can take some time
While it’s understandable that everyone wants to sell their home as soon as possible, this is not the same as selling lemonade at the corner of your street. Before offers come in, you may need to wait for a while and even potential buyers do come your way, you may also have to negotiate.

After negotiation, you’ll move on to the next step which is the closing. If it happens that your buyer wants to get a mortgage, then you may need to wait for another forty five days until the contracts are signed in order to secure a mortgage commitment from the bank. On top of that, if your home is a short sale, then the waiting time is going to be even longer.

6A home with pets complicates matters
There will undoubtedly be some home sellers that have pets and if that is the case with you, then it’s recommended that you take great care and make sure that your pets aren’t going to go running when you have some potential buyers over.

Also, before a showing, make sure that you carefully inspect each and every room of your house in order to make sure there is no dog poo in any of them. It would certainly be very embarrassing to walk into a room and see a brown “cookie” in the middle of it.

7Expect more visitors
Most potential buyers think that it is somehow acceptable that they also bring some of their friends to your place so that they can also see it and give them an opinion about whether they should buy it or not.

But in some cases, these people can be quite nosy and if the potential buyers come with their kids, you can bet that they’re only going to be interested in the snacks. While it’s definitely good news that you have potential buyers checking out your house, you have to remember that not everyone on the list is serious.

8Make sure you prepare your home for the market as best as possible
Before you put your property on the market, it’s recommended that you’ll walk through it and try to look at it as if you were a potential buyer.

Make sure that you paint every wall in the house, clean it properly and try to get rid of objects that you don’t need any more. If there are any other improvements that you should make, make them since this is going to increase the home’s appeal to potential buyers.

9Don’t take word of mouth too seriously
When looking for an agent who can help you sell your house, make sure that you don’t rely only on word of mouth.

There are many websites out there that you could check in order to find one and on top of that, you should also consider visiting open houses. This is a great way to meet realtors and hire one that can help you sell your home swiftly.

10Hiring friends as realtors is not a good idea
Last but not least, hiring your friend as the realtor who can help you sell your home faster is not recommended at all. Selling your property can be a very annoying and long process and it’s best that you can speak to someone without having to worry about damaging your relationship with him in any way.

With that being said, if you plan on selling your house, then considering these tips is a must. Keep in mind that the process may take some time, so be armed with a lot of patience and nerves of steel, since you’re going to need them!