10 Steps To Selling Your Home
Ten simple steps you can take to make selling your home easier.
Selling your home doesn’t have to be a big hassle. Not knowing what to do causes the most mistakes. Luckily there are simple solutions to most sales nightmares. Here are ten basic steps to a fast sale:
1. Make sure your home is in the best condition possible.
The first impression is important. Make sure your home is in tip-top shape. It will sell faster than a run-down house. Your house needs be clean and well repaired if you want to get a good price.
2. Research the market
Find out what other homes are on the market and the asking prices. Get a professional appraisal to help you determine the value of your home. You don’t want to price your house too high or too low.
3. Set a realistic price
Be careful not to ask for too much. Be willing to negotiate or your house could sit on the market too long and discourage offers.
Put out a For Sale sign. Tell everyone you know that your house is for sale. Think about preparing a property brochure.
5. Research financing
Shop around. Call a variety of lenders. Ask about interest rates, points, down payments, appraisal fees and any other miscellaneous charges.
6. Be available to show your home
Be at home as much as possible. If there is no one there to answer phone calls and arrange showing appointments you’ll lose buyers.
7. Pre-screen callers
Have at least two people at home when showing. Keep valuables out of sight and don’t allow anyone to walk into rooms unescorted.
Be willing to meet with interested buyers to negotiate terms and conditions of their offers. If there are problems, set up another meeting to allow both you and the buyer time to think things over.
9. Purchase contract
You should consider having an attorney draw up or at least review the contract to ensure that your rights are protected and that you are fulfilling your legal obligations.
10. Title and escrow
Take the contract documents and the earnest money check to the Title Company and open escrow. Monitor the escrow to make sure that all the contract deadlines are being complied with.