If you’re looking to sell your home, it’s good to brush up on important steps in the real estate process!
The home selling process is very involved. No matter how many times you’ve had the opportunity to sell a home, or whether it’s your first time selling your home, it can be simply confusing. We’ve compiled a list that may help clarify the steps of the process of selling your home and give you an idea of the real estate procedures involved.
1. Find a listing agent.
Selling your home is an involved and at times exhausting process, so you want to make sure you have the right agent to help you.
The right listing agent will make you comfortable and heard. Invest some time in research, referrals, and online reviews. Even though it may be a process, have faith in the wealth of information at your fingertips that will point you in the right direction. Interview agents, narrow it down to the right one, and you’ve got your partner in crime.
2. Come up with a good price.
You definitely don’t want to make the mistake of overpricing your home. Obtain a comparative market report to get a comprehensive report of your home’s standing in the current market. This report is conducted by a real estate agent and is completed by looking at homes similar to yours in the market and what they’re priced at. While it might not be as thorough as an appraisal, it is a great way of coming up with your asking price, which is a starting point from which you will likely negotiate.
3. Prepare to show.
Now it’s time to prep your home for potential buyers. Clean and decorate to minimize clutter and optimize your home’s good features. Consider hiring a professional stager who knows how to bring your home to its optimal potential, ask your listing agent for help, or even look into home staging apps that allow you to stage your home online. Read more on the benefits of staging here.
You also should note the benefits of getting a home inspection. This might help you avoid liability, make the buyer more confident in their choice, and make you more confident in your asking price.
4. Market, market, market!
You don’t want to skimp on this step. Invest in a real estate agent that knows the right ways to get your house seen, both in-person and online. They should understand the importance of a marketing campaign that includes social media and popular digital platforms. Thanks to the internet, you have so many options, including new apps and online tours.
Looking at stats from the last couple of years, half of home buyers are going to find their purchase online, and so many more are going to use the Internet as their first resort. Make sure you make a decent investment in this important part of your home selling process.
5. Show your home.
Whenever you can, allow your agent to show your home. They may use a lockbox and show it spontaneously, they may schedule appointments to show it, or they may schedule open houses, if appropriate. The social atmosphere of open houses allows more conversations and social connections that could help you in your process.
Whatever your agent’s method, they should be making sure to show your home as much as they can.
Consider every offer that comes your way and negotiate. Don’t back down if you believe your offer is reasonable. Pay close attention to contingency clauses and make sure you have a clause that helps you if the contingencies aren’t met.
7. Open escrow.
You’ll want to be in touch with a title company to act as a closing agent for you. To read more on title companies, click here.
8. Address any contingencies.
If your contract has contingencies, make sure you meet your end of the deal. This might mean cooperating with an appraisal or home inspection. Do your research on how to prepare for these examinations and ask your agent for advice on how to pass these hurdles. Remember, these are so the seller can be confident in their decision!
Carefully read the closing documents, sign, and then it’s time to hand over the keys. Make sure you know when you’re required to move out and have planned accordingly.
We hope these steps clarify the home selling process for you! Curious to see what we can do for you? Check our Seller Representation page for more on how Huntington & Ellis can help you in your home selling journey.