Almost six million existing homes are sold every year in the US.
If you’re also considering selling your house in the coming months, the process can seem overwhelming. But, what few homeowners realize is that there are only five steps to sell a home. And, if you have a clear plan, you can go from deciding to sell your house to signing on the dotted line in next to no time!
Want to know how to simplify the process of selling your house? Keep reading to find out the steps you need to take!
Step 1. Create Your Marketing Plan
Once you decide to sell your house, you need to create a marketing plan. This will help distinguish your property from other home listings in the local marketplace while also targeting the most likely potential buyers. It’s at this stage that you’ll factor in considerations such as what repairs you’ll need to do, your desired price range, and what selling methods and platforms you’ll use.
Step 2. Prep Your Home
Good photos of a clean, inviting, and uncluttered home do a great job of selling your house long before potential buyers set foot on your property. In contrast, terrible real estate photos will see your house languishing on the homes for sale pages for years to come. Whether you opt for a full-on renovation or just freshen up the walls with a lick of paint, the effort you make to prep your property will all be worth it when you seal the deal.
Step 3. Set the Right Price
When it comes to naming your price, getting a professional home appraisal is a must. As well as reflecting the current market of real estate prices, this service also ensures that your house is priced in accordance with other similar homes for sale in the area.
Step 4. Consider Your Offers
Whether you decide to hold an open house or prefer individual or group visits, once the potential buyers start coming, you’re sure to have a variety of offers to consider. But remember, not all offers are equal. This step can be tricky as you’ll need to assess what the potential buyers want to be included or excluded, the closing dates they’ve specified, financing conditions, and everything else as well as the actual offer price. This is where counter offers and negotiations can help you get what you want.
Step 5. Close the Sale
Once you’ve accepted an offer, meeting the deadlines for inspections, visits, and the like are vital for keeping the deal together. There will also be closing costs associated with the sale such as legal fees and mortgage application fees. But as soon as all that’s taken care of, you can hand over the keys to the new owners!
The Only Steps to Sell a Home You’ll Need to Take
As these steps to sell a home show, things can move very quickly if you do your prep and stay focused.
But, by following guidelines like this, it’ll also be a lot easier to sell your home for the best possible price in the shortest amount of time.
Want more great advice about real estate, business, and more? Be sure to check out my other blog posts for all the latest tips, tricks, and how-to guides!