First, Decide How You Will Sell Your Home
When you are looking to sell your home, there are a few options you can choose from. One of the most popular options, working with a real estate agent or real estate agency, they will be your sole representation throughout the selling process. Although you are not required to use a real estate agent to sell your home, they have the ability to streamline the process from start to finish by utilizing their network and leveraging their knowledge on the housing market to sell your home fast at the best price. The one, if not the biggest, downside is that selling your home with a real estate agent or agency can come with a hefty price tag, so it is best to prepare for the added expense before taking the leap.
When you sell your home on your own, it can be a daunting process. However, it can also be fun! It is important to note that there is a lot of work that goes into selling your home, especially if you are doing it all yourself. Where with a real estate agent they handle all of the paperwork for you, selling by owner means you have to make sure all of your ducks are in a row.
You can also look into selling your home to an iBuyer, or otherwise known as an instant buyer. These real estate companies use algorithms to buy and resell homes quickly. When you use an iBuyer, you may receive an offer in as quick as 24 hours. However, in today’s wild market, sometimes you receive offers within hours. One thing to keep in mind when considering using an iBuyer is the cost-benefit analysis between selling to them or selling your home in the open market. On the other hand, if you are a seller who is in a hurry to get the home off the market, then using an iBuyer would be the most optimal choice.
What is the Market Value of Your Home?
When determining the market value of your home, it is the estimate of what your property would sell for in a competitive market based on its features and benefits. What does your home have that other available homes do not? Or better yet, what makes your home stand out from the rest of the competition? While you may have a number in mind in terms of what your home is worth, it is always best to see what other third party sites are valuing your home at. Zillow, for example, provides a Zestimate of what your home is worth based on the market. It is best to keep in mind that the value estimate Zillow provides may not be exact, so it is always best to advise with a real estate professional who can show what an ideal starting price should be before you list it.
Once you have determined what the selling price of the home will be, it is time to clean! Before potential buyers tour your home, make sure it is in tip-top shape. When you are test driving a new car, you expect it to be detailed to perfection. The same process goes into buying a house, you want it to have the perfect new car smell. Once it is clean and ready for viewing, market the property with professional photography that leaves a positive, long-lasting impression rather than ones you can easily take from your phone. The investment will go a long way into possibly starting a bidding war.
Be Prepared to Negotiate
It’s almost time to celebrate, because you received an offer or offers! When this happens, it is important to pay attention that the current housing market trend in the U.S. is a “Seller’s Market”. This means that there may be multiple offers to consider. If and when this happens, do not accept the first offer that lands on your desk. Work with your agent on choosing a final day for buyers to submit their offers and then take the day to review all of your options so you choose the best one that fits your needs.
And Finally, Close!
Before Closing day, keep an eye out for any ‘fixes’ or contingencies that were agreed by both the buyer and seller. These required fixes and/or contingencies must be completed before all of the papers are signed on the dotted line. Additionally, make sure all of the minor details are ready for after closing so you can get through the big move. These steps may include:
- Packing the home and putting your items in storage.
- Calculating relocation expenses, whether in-state or out-of-state.
- Hire a moving company who will move your items after closing day.
- Submit your change of address for all utilities.
- Addressing your homeowner’s insurance company and bank of the new address to prevent any mailing discrepancies.
If You’re Interested in Selling Your Home, DiGi Can Help!
With that being said, the process of preparing and selling your home can be an exciting journey. Our team at DiGi Real Estate offers home selling services that make the process easy and efficient that prevents delays and gets your home right to closing. Our team of fully vetted real estate agents are experts of the current housing market and are available to guide you through the selling process. With our success of increasing our clients’ homes appeal, we price them to sell and still make a profit.
Have a question about the home selling process? Contact us below and let us help you sell your home.