Homeowners often have emotional feelings when they plan to sell homes where they have lived for a long time. Generally, the process of selling any home is a lifetime experience that brings thoughts of uncertainty. It could be a seamless process when the proposed sale is handled by trusted realtors, or a mess when handled incompetently. However, people often make certain considerations before listing their properties for sale. Here is our guide to ensure that you get a rewarding sales experience for your property.
Be Updated with the Rates in Local Housing Markets
Before you choose an agent, it’s wise to conduct some research on the going rates of homes in your area. A Competitive Market Analysis (CMA) might help you compare prices. You can perform a valuation of assets, but it’s imperative to have an idea of the value. Generally, real estate markets fluctuate, and there are online tools that can help you get the estimated value of your home. Don’t forget to consider rates that attract buyers and are beneficial to you. It’s fair to make it a win-win situation when planning to sell a home in a good neighbourhood. Prospective buyers are happy when they settle for prices that appear like they made the right decision. Additionally, you can be smart with the psychology of pricing; like quoting $999,999 instead of $1 million.
Get a Reputable Estate Agent
It’s ideal to hire low commission real estate agents when you plan to sell your home. The real estate agent’s role includes listing your property to attract potential buyers. A realtor with a proven record of successful transactions in the property industry will boost your confidence. A simple interview with a reputable realtor will give the right answers to your smart questions. Also, get realtors that understand the area where your property is domiciled, and run your background checks on them. You might sell your home at a loss when you try to outsmart realtors by hiring multiple agents to compete. Instead, grant a sole mandate to invest time and resources in marketing your property. This will increase the chances of having multiple, potential buyers compete for your property.
Showcase Your Property Documents
A smart homebuyer is quick to confirm the availability of documents after inspecting a property. Your home’s compliance certificates should be updated for buyers to have confidence in the sales process. Also, your property’s approved plan can help the realtor to market your home and attract potential buyers online and offline. However, the following paperwork will complement the other documents we have discussed.
• Outstanding mortgage balance or repayment status
• Dates of previous remodelling projects
• Warranty for appliances (HVAC, furnace, water heater, or roof)
• Instrument survey
Allow the Convenience of Viewing Your Property
Make your property available to buyers for inspection always. It doesn’t matter whether you live in the property that’s going to be sold. Once it’s listed, you should ensure the interior and exterior facade look great. Unlike homeowners that don’t welcome the idea of people entering their space, serious home sellers are ever ready to showcase their property. Serious buyers are often turned-off when it takes longer than necessary to any property. However, smart realtors can use virtual tours to attract buyers, but this display is not enough to demand payments.
Invest in Simple Remodelling
It might be difficult to convince homeowners to remodel their homes when they need money. However, easy and a simple remodelling on some parts of the house might attract more buyers. By investing in a few upgrades like new lighting fixtures, doorknobs, security cameras, faucets, a fresh coat of paint are smart options for serious home sellers. It would be an eyesore for potential buyers to find broken showerheads, or rusty kitchen sink bowls when they inspect your home.