If you have never sold a home before, you may be at loss for what you need to be doing. There are several aspects of a sale to consider, and if you take the time to understand them you will have a better experience selling.
In order to actually sell your home, you need to make sure people know about it. Whether selling by owner or working with a real estate agent, there are some steps that are always important for marketing your home. First and foremost, you need to photograph your home. You will need a variety of photos, so you can give potential buyers a better idea of what your home looks like. Key photos include the front of the house, several exterior shots, and shots of every room. Make sure the rooms are all clean, well-lit, and well-staged. If you want to give your home a boost, you can even have a virtual tour so buyers can really explore the home.
While you might think the buyer is spending all the money, there are a few costs that the seller is responsible for. In a typical sale, your costs will include the commissions of both your real estate agent and your buyer’s agent. There are also several fees and taxes that go along with every sale. In general, the seller will pay about 8-10% of the sale price of the home.
While a traditional sale will come with quite a few closing costs, there are options to avoid these including a cash sale. When you sell your property for cash, you can often skip the commissions and fees. This is because cash sales don’t have the same requirements as traditional sales. Often, there are no realtors involved and you don’t need to do inspections or appraisals.
In most cases, you won’t be able to sell your home without making a few changes. You want to be able to increase the value of your home and attract potential buyers. Typically, this means making updates and renovations to your home. These can be costly and time consuming. Make sure you plan accordingly. As you update your home, don’t forget to address your front yard so you can boost your curb appeal.
A lot goes into selling a home. If you want to have a good experience during your sale, then you need to know what to expect and how to prepare. Plan ahead and give yourself a realistic timeline to sell your home.
Check out this article on how to avoid surprises when selling your home!