7 Starting Point Checklist in Selling Your Home
Thursday Oct 08th, 2020
With the busy housing market spilling over Fall 2020, many home sellers are wanting to join the market and list their homes for sale. However, some are held back on a starting point. Here is a quick checklist to get you started on selling your home.
- Choose from at least (3) professional real estate agents in your area.
To ensure you have the best help in selling your house, always start with professional real estate agents. This is crucial in the selling process because choosing the right real estate agent for you creates a positive selling experience for you. Leave it to the professionals to handle the murky selling process and educate you with answers to any questions that may arise in the transaction.
Gather all recommendations from your family and friends on the real estate agent professionals they have worked within the past. And then list 3 names and do a background online search on them. Make a note of your ideal real estate agent traits (reliable, trustworthy, friendly, experienced, etc.) that you would like to work with. Schedule a time to interview or pre-screen each agent. Choose the real estate agent that has the most checks on your traits and other contributing factors you consider to be important to make your home selling successful and stress-free.
- Know your home and market pricing figures
Most home sellers usually price their house higher without proper guidance- which can be a mistake. Knowing your house market value can eliminate unnecessary expectations on how much you can earn and how much money you have to put out to sell your home. You can ask your chosen real estate agent to help you realistically look at your figures so you are ready and informed before officially listing the property. You can definitely also consult with your financial advisor, lawyer, and mortgage specialists. Knowing your figures can help you deal better with offers and negotiations later.
- Read contracts and agreements - even the small fine print
Contracts and agreements are legally binding and so many home sellers fall into the trap of just skimming over the document instead of spending time to understand all the written words. It does not usually end well when you get a surprise clause after you have signed the dotted line. In selling your home, always choose the long route of studying your contracts and agreements - even consulting with legal advice - to make sure you did not miss anything or not know what you are signing up for.
- Include relevant details of your home in your listing
Now that you have a real estate agent and some of the paper works in place, the next point to focus on is your listing. Make sure to include your property details - location, pricing, floor area, number of rooms, recent renovations, and year when they were done - extras like major kitchen appliances, parking capacity, updated water heater, etc. can attract more interested buyers for your home.
- Work with your real estate agent in property showings
Depending on your area, the pandemic can dictate how you would like to conduct showings of your house. Be proactive and talk with your real estate agent on the best arrangement at this time - be it virtual tours and/or live tours or the traditional open house with strict safety and health precautions in place.
Minimize your property and valuables risks. Secure valuables in your home and make sure each showing is monitored to discourage any untoward property damages.
It is ideal to hire staging professionals and photographers to get the best image of your house on your listing. Remember to keep your home tidy and ready before each scheduled showing.
- Review offers with your real estate agent
Selling a home can give you overwhelming offers that any home seller might be tempted to decide on their own. Do not make this mistake - always consult with your real estate agent as they know the numbers and would look out for your best interests in the process.
- Make room for contingency
From unexpected closing costs and closing and moving dates, something can and will go awry in your selling process plans. Getting contingency plans in place can greatly help. But do not fret, have an open mind to changes and work with your real estate agent along the way to lessen the stress of transitions in the process.
This checklist can help you get a general idea of what not to do when selling your house. However, asking for professional real estate agent expertise can get you on the right track from the very beginning. Talk with JoAnn Visaretis to know more about home selling and the real estate market right now.