Before you purchase a for sale sign from the local hardware store to place in your yard, stop to consider a few important things. Without the appropriate preparation, selling a house can be both stressful and frustrating. Keep your cool by preparing ahead of time with these 6 steps to selling a house.
What are the steps to selling a house?
Step 1 – Find a Real Estate Agent
It can cost you time and money if you lack knowledge of the home selling process. Be flexible and ask someone else with more knowledge for help. You may end up facing stressful situations and delays along the way if you insist on doing things alone. It’s a wise choice to find a real estate professional to represent you and market your house. The advice they offer on listing your house, setting the best asking price, and dealing with legalities is beneficial. A real estate agent’s negotiating skills are a must when offers start to come in for your house. Allow their experience and knowledge work in your favor.
Step 2 – Setting the Price
A top priority is setting the correct asking price. In fact, this is one of the keys to success in selling your house. Your real estate agent will consider current market details that include homes recently sold in your area. They count upgrades made to your house. If you set the price high, you can cause delays. Setting the price low puts you in danger of losing money. Remember that the asking price and the selling price are two separate things. The asking price is what you wish to get from the sale, while the selling price is what a buyer pays. These two numbers should be as close as possible.
Step 3 – Prepare the Property
Your house goes through a few inspections and appraisals during the home selling process. Make sure everything is in proper working order to avoid delays and embarrassment. Take time to do a walk though, and make a note of things that need attention. If you wait until the inspector finds things to bring to your attention it could cause a delay in the sale of your house. Such delays can exasperate both you and the buyer.
Step 4 – Keeping Things Show Ready
Keeping your house ready for potential buyers can be one of the most challenging parts of the house selling process. It’s quite important to make sure everything is tidy and appealing when potential buyers are viewing your house. Take time to do a deep cleaning, rearrange closets, and tend to things that need to be replaced. You can reach a broad range of buyers by creating an appealing environment with neutral colors. Remove your family photographs, collections, and anything that a buyer might find offensive.
Step 5 – The Open House
While your house is on the market, it’s common to have one or more open houses. By having these open houses, you allow potential buyers to enter the house and see what it has to offer. The urge to stick around during these open houses may be strong, but it’s best to be absent. Potential buyers are more comfortable asking questions and looking around the house if you are not there. Keep any pets in a secure location of the house or take them with you. You want to make sure that your pets, and potential home buyers are safe and at ease.
Step 6 – Looking at Offers
Once potential buyers take notice of your house, you’ll begin receiving offers. If you have priced your home to be competitive, don’t be surprised to receive several offers. It is your choice which offer you accept, but your real estate agent will have insight and knowledge to help you choose the best offer. There will be inspections and appraisals once an offer is accepted. These will go smoothly because of the preparations you made in advance by understanding the steps to selling a house. In no time, you will be sitting down at closing before walking off to the next chapter in your life.
Your real estate agent is the best source of information about the local community and real estate topics. Give the Barnes Team a call today at 818-239-1275 to learn more about local areas, discuss selling a house, or tour available homes for sale.