Are you getting ready to sell your home? If you are, then you may be feeling overwhelmed by the number of tasks ahead of you. While selling your home is a big job, you can make it easier by taking it one step at a time. We’ve put together a simple to-do list that outlines what you’ll need to do as you prepare to sell your home.
Determine your needs
As you make the switch from thinking about selling to actually listing your home, take the time to determine your needs. Where do you want to be in a few years? What is your local housing market like? How quickly do you need to sell? Will you buy or rent a new home? Knowing the answers to these important questions will help you and your agent determine your home selling strategy.
Make small repairs
Go over your home in detail and determine if there are any small fixes you should make before you sell. Think like a buyer. If you were buying a home, what might stand out to you? This could include replacing faulty light fixtures or repairing holes in the wall.
Find an agent
Selling a home can be a complex process, and working with a real estate professional can help alleviate some of the burden. Get recommendations for local real estate agents and interview a few of them. Choose an agent who has expertise in your local market and with whom you feel comfortable.
Set a price
Research the market in your area and look for homes similar to yours that have sold recently. Using these comps, work with your agent to set a realistic selling price for your home. Take into consideration how quickly you need to sell or if you have time to wait for the best possible offer.
Prepare your home for showing
If you haven’t already, now is the time to clean and de-clutter your home. Remove bulky furniture and personal items. Thoroughly clean everything and consider repainting rooms with a neutral paint color. Do maintenance in the yard to increase your curb appeal, keeping in mind that first impressions are very important in real estate. Keep your home clean and fresh and ready for showings at all times.
Advertise and market your home
Now that your house is ready for listing, talk with your agent about a selling strategy. Where will your home be listed? Consider creating a website or Facebook page, and spread the word to family and friends.
Talk with your agent about having a plan in place should you get multiple offers. Review all offers that are made and be ready to negotiate.
Prepare for escrow
Once you’ve accepted an offer, work with your agent to get through the escrow process. This will include choosing escrow and title companies and preparing for the inspection, appraisal and final walk through. Be ready to make any necessary repairs. Make a plan for moving out.
While selling your home can be an intimidating process, it’s less stressful if you know what to expect. Use the to-do list above to help ensure that your home sale runs smoothly and ends with a deal that both you and the buyer will be happy about.
Home buyers do care about the maintenance and care that your home has received. Buyers care if it is cleaned. They are concerned when they smell cats and dogs and other odors. Buyers also care about the deferred maintenance issues that you have neglected to take care of. If they don’t, their mortgage company will and so will the appraiser.
Neutral is best
If you know that you are selling in the next 6 months to a year, take the time out to paint any rooms that are specific to your taste. Your home may be a representation of you, but you want the new home buyers to see themselves in it. You want to sell! Home owners that want buyers to be impressed with their design skills are often disappointed.
Tackle your projects you never finished
Make repairs and finish projects that you know need to be tackled. Buyers do not want to pay top dollar and do the work you never got around to do. Plus, appraisers are the eyes and ears of the mortgage company and they take photos and comprehensive notes. When you receive feedback from your agent and buyers are telling you there is a problem, it really needs to be addressed. Or, you will be sitting on the market for a very long time with no offers or low offers. Your first impression is crucial.
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