Should I Sell?
7 Steps to Selling Your Home
Step 1: Reason For Selling
It is often more emotional to sell a home than to buy a home, and the reason for selling your home may be a determining factor in the urgency of the sale. The urgency may also have an effect on the price of the property.
It is important to take the following factors that can influence the sale of your home into consideration:
Reason for selling
Condition of property
Step 2: The Cost Of Selling
It is very important to first calculate the expenses that may be incurred while selling your home. This knowledge is absolutely necessary because it helps you to determine a good price for the house, as well as potential profit that you can realize.
Step 3: Price
The most important factor when putting your home on the market to sell is setting the right price. The price at which your property is marketed can make or break the deal.
Over-pricing of the property may result in:
A smaller buyers' pool
A prolonged stay on the market that will result in lower offers being submitted
Under-pricing of the property may result in:
Losing money on your investment
A buyer offering an even lower amount due to a negative perception of the property or area
Step 4: Location
Although you cannot do anything about the location of your property, it plays a very important part in the marketability of your home. So, it is important to take the following into consideration:
Is your property priced in relation to other offers in your area?
What type of neighborhood is your property located in - well-established, up-and-coming, transitional?
Is your property located in an urban or rural area?
Step 5: Condition Of Your Property
The condition of your property is always a factor in how quickly your home sells. It's a fact: acquiring the highest market value and elevating your home above the others in the same price range often comes down to first impressions. Here are some inexpensive ways to maximize your home's curb appeal:
Keep the grass, trees, and bushes trimmed.
Keep yard clutter and yard ornaments to a minimum.
Spruce up landscaping with fresh mulch, and seasonal plants/flowers
Apply fresh paint to any wooden fences and your front door.
Clean windows inside and out.
Wash and/or paint your home's exterior.
Ensure gutters and other exterior fashions are firmly attached.
Step 6: Staging / Repairing
If asked, I can provide you with insight on improvements needed or challenges with your property.
Knowing what work has and has not been done to your home is important information to have in the buying process. While updates can increase your home value, damages can take money out of your pocket. Your main concern is the possibility of structural damage, which can come from water, shifting ground or poor construction.
Very often a problem appears to be big, but can be fixed with very little effort and not a huge budget.
Remember, first impressions can make or break a deal. The small things you've been meaning to fix will be just as noticeable to a buyer with a critical eye.
Step 7: Accessibility
Accessibility is a major issue in many parts of the world. Again, you can't do anything about your home's accessibility to specific things, but it does play a role in the price of your property. Your agent will work with you to highlight the places of interest that are most accessible to your home.
Here are a few important areas to think about:
Schools and other educational institutions
Outdoor areas - public pools, parks, playgrounds