Top 10 Things You Need to Know before Selling Your Home

Homes that are well-maintained and have good curb appeal sell faster and for more money than homes that don’t. However, if you’re thinking about selling your home soon, it likely needs some work. The process of selling your home can be challenging, but with the right knowledge and preparation, it doesn’t have to be overwhelming. Here are 10 things you need to know before selling your home.

1. Set Your Price from the Start

The best way to sell your home quickly is to set your price correctly from the beginning. If you set your price at the right level, you can save yourself time and money by reducing the number of showings needed and saving yourself from having to reduce your price. 

If you set your price too high, you might have to wait a long time to sell your home, and it’s likely that you’ll need to lower your price to get a sale. If you’re not sure what price to set for your home, try to get a general idea of the market value for homes like yours in your neighborhood. 

This will help you stay within a reasonable range while also staying competitive.

2. Take Great Photos

Did you know that homes marketed with above-quality photos will usually sell faster than homes without? It’s true, and the difference isn’t negligible. Studies suggest that superior picture quality can make a 20% difference in your favor.

That’s huge. And it’s why the most successful real estate agents hire professional photographers. They know the results don’t lie, so be sure to look for an agent who uses only the very best images to sell homes.

3. Get All Important Documents Ready

The more paperwork you have ready regarding your house, the better. Why? Because the more documentation your real estate agent has to work with, the easier they can help sell your home.

Potential homebuyers like to see supporting documents concerning things like the roof, HVAC, home improvements, permits, appliances, and mortgages (if applicable). Such information lets buyers know the ages of essential components so that they can make an informed decision.

What’s more, it shows buyers that you’re transparent about your house and willing to share pertinent information with them. As a result, they will trust you and be more apt to buy from you.

4. Stage Your Home

Staging your home is one of the most effective selling strategies you can implement. It will ready your home for showing and provide an overall appeal to viewers. It’s proven that staged homes do better at showings and tend to sell better, too.

Your real estate agent will likely be able to provide you with valuable staging tips, and you can explore any of the countless staging guides online for inspiration.

Don’t overlook this key component. Staging is crucial if you want to make the most out of your selling process. Not only will it attract more potential homebuyers, but it will also help reduce unnecessary clutter, thus making your life easier.

5. Decide What Renovations Are Worth Your Time and Money

If you want to add renovations to your home before selling it, you want to make sure they’re worth your time and money. You can hire a contractor to do renovations like installing new flooring, repairing your roof, and adding new home appliances. 

What if you’re handy and want to do some of the work yourself? This is a budget tip that is best used for minor repairs. For example, if you notice that your kitchen cabinets need to be refinished, sand and stain them yourself. 

Same with ceilings and walls if they have a few nail holes in them. Be sure to check for any water damage on your walls and ceilings before sanding or staining them.

6. Find the Right Real Estate Agent for You

Before you list your home for sale, you should find a real estate agent. Your real estate agent can help you decide when to list your home, price your home, and stage your home so it sells quickly. 

There are different types of real estate agents, and some are better than others. To find the right real estate agent for you, you can do some research online. You can also ask your friends and family if they have recommendations for real estate agents in your area. 

Before you sign with a real estate agent, make sure to read your contract carefully. Look for any hidden fees and make sure the contract states that you have the final say in all decisions related to the sale of your home.

7. Pick the Right Time to Sell

There are two ways you can sell your home: quickly or at the right price. If you want to sell your home quickly, you can list it during the high-demand season (spring/summer). If you want to sell your home at the right price, you can list it during the low-demand season (winter). 

If you’re unsure when to sell your home, you can use a real estate forecast to find out when the best time to sell is in your area. You can choose to list your home at the beginning, middle, or end of the forecast period. 

Spring and summer are great times to sell homes because more people are looking to buy homes then than at any other time of the year. These seasons also have the most inventory on the market. So while competition is higher, so are people looking to buy homes.

8. Get a Pre-Listing Inspection

A pre-listing inspection will give you a thorough look at the condition of your home, inside and out. It’s a good idea to get a pre-listing inspection if you have any major repairs or renovations in mind, as you can discuss those repairs with the inspector ahead of time. The inspection is paid for by the seller and is a good investment. 

Also, if you have any concerns about the condition of your home, a pre-listing inspection can help you understand the scope of work that needs to be done and give you an idea of how much it will cost. 

A pre-listing inspection can also flag any safety issues that need to be addressed before you put your house on the market, as well as any issues that could affect your ability to get a mortgage loan since lenders will often look at inspection reports when approving a loan.

9. Decide Whether to Do an Open House

An open house is a great way to get a lot of foot traffic in a short amount of time. Depending on who comes through your home and how long they stay, you may meet several potential buyers in one day. 

The downside, however, is that open houses are often a bit disruptive, and some people may not be comfortable having strangers walking through their home unsupervised. Open houses are also typically held on weekends when most people are off work. 

If you decide to host an open house, be sure to give your neighbors a heads-up that they may see a lot of traffic in the neighborhood in a short amount of time. You’ll likely want to leave your existing lockbox in place during an open house, so you can accept showings without having to be at home.

If you don’t have a lockbox and want people to be able to get into the house, you may want to consider leaving a key with a neighbor.

10. Be Prepared for Negotiations

If a buyer makes an offer, you’ll likely have to negotiate the terms of the sale, such as the purchase price, financing terms, closing date, and repairs that need to be done before closing. It’s important to understand that there’s an art to negotiating, so do your research and prepare. 

Never make the first offer. If you’re not comfortable negotiating the terms of the sale, you can hire a real estate agent to make the offer for you. Real estate agents have experience negotiating sales and will likely be able to get you a better offer than you’d be able to get on your own. 

If you decide to hire an agent, make sure you understand their fee structure so you know what you’ll have to pay and what you’ll get in return. For example, some agents charge a flat fee while others charge a percentage of the sale price.

Conclusion

It’s no secret that the home-selling process can be long and arduous. There’s a lot of planning and preparation that needs to go into it if you want to be successful and get the best price possible.

But what if you don’t have the time, resources, or patience to sell your home the traditional way? That’s where ASAP Cash Home Buyers comes in. Our home-buying business model makes short work of tradition so that you can enjoy a fast sale at a fair price.

We would love to make you an offer, so get in touch with us today to get your free quote!

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