Selling your home can be a bit overwhelming if you don’t have the right information about the process. Fortunately, we are here to help you wade through the muddy waters and make things a little bit clearer when you decide it’s time to put your house on the market. Check out these six steps to selling a house before you begin.
👥 Find the Right Real Estate Agent
The right real estate agent can make or break a deal for you. You need to find someone that is reliable and motivated. They should meet your expectations when it comes to communicating and have a solid plan for marketing your property.
Ask your friends and family for their recommendations. Check out reviews online. Once you narrow down the field, set up a meeting with to see if the agent is a good match for your needs. You want to be working with someone you are comfortable with and who you feel can get the job done.
🏡 Staging Your Home for Buyers
We all know that location is a key to the success of a home, but did you know that presentation is right behind it in line? Buyers want to walk into a home in which they can see themselves living.
It pays to keep things neutral when it comes to paint colors and décor. Pops of color keep things interesting without making the space look crowded and small. Remove all personal collections, photographs, and anything that could be controversial.
Listen to your real estate agent. They know the market in your area and know what buyers are looking for in a home. They will be able to give you the best advice for staging without breaking the bank.
💲 Set the Right Asking Price
You want to get as much as you can for your home, but if you set the price too high, you could price yourself out of the market. Setting the right price is one of the trickiest steps in the process. You want to sell quickly, but not undersell. Our best advice here, again, is to listen to your real estate agent. They are going to know the market. Ask them about comparable sales in your area to see what homes like yours have sold for and then price accordingly.
📝 Accepting an Offer
The fun begins once you receive an offer. Before you start negotiations, make sure you meet with your real estate agent to go over the offer. It’s important that you understand all the stipulations and contingencies. If the offer doesn’t interest you, or you feel it needs a bit of adjusting, your real estate agent will go to bat in negotiations on your behalf.
Remember, you are the final decision maker when it comes to accepting an offer. If you don’t care for the initial offer and just want to decline, that’s up to you. Also, be prepared for receiving more than one offer. Know ahead of time what motivates you to accept an offer.
🔎 What Happens After You Accept an Offer
Once you accept an offer and the contract is signed, the agents and banks get the ball rolling. Typically, the first step is a home inspection, so that should be scheduled soon after signing the contract. Once the inspection is back and all repairs — if any are required — have been made and approved, the appraisal will be ordered.
After the appraisal comes back and all is well, title insurance will be ordered, followed by deed preparation and possibly a termite inspection, depending on whether or not the bank or your contract requires this step. This process can take 30-60 days. After all the steps have been completed and the bank finishes up their paperwork, it’s time to close!
📅 What to Expect on Closing Day
Closing day can be exciting and stressful all at the same time. Typically, you will meet at the bank where the buyers are getting the loan or at an attorney’s office to close. As the seller, you will typically sit in the waiting room until the buyers have signed all of their loan documents before you head in to sign the paperwork that you are required to sign. Once everything has been signed, you hand over the keys, take your check if you’re receiving any proceeds back, and you’re done! Hopefully your experience will be smooth sailing!
Your real estate agent is the best source of information about the local community and real estate topics. Give McArdle Team a call today at 360-710-1444 to learn more about local areas, discuss selling a house, or tour available homes for sale.