Selling your house can be a stressful process. Selling it for top dollar, however, is not! To make the process as easy and hassle-free as possible, you should follow these steps to sell your home for the best price. Also, check out OnPoint Home Buyers after this!
Steps:
First: The first one is to choose a Realtor.
Second: The second one is to make repairs and improvements. Be sure you don’t over-improve your home before selling it, though! There’s such thing as an improvement that makes the house stand out too much from similar houses in the area; this will ultimately drive down value instead of up.
Be sure everything works in your house and fix any issues (no matter how small). You want potential buyers to be able to walk through without having anything “wrong” with them or feeling like they’re missing something important when viewing multiple properties at once during their search process.
Third: You should also paint each room neutral colours — white walls are always safe choices because they look clean no matter the time of year.
Fourth: The fourth step is to stage your home. Again, you don’t have to spend a lot of money doing this, but you must choose furniture and decorations carefully so the rooms look inviting instead of cluttered or small (which can give off an impression of shabbiness).
For example, if any room has normal-sized doors on it, make sure they’re open enough for people with average height and girth to walk through comfortably; otherwise, potential buyers will be turned off by the thought of how difficult their daily lives would become in such a tiny space!
You should also avoid making every room into some showplace — you want new owners to feel like they could move right in without having to do much work.
Fifth: The fifth step is to do your research. Be sure you know exactly how much similar houses in the area are selling for, and then offer a little less than that. You don’t want to come off as too eager or desperate, after all!
Sixth: The sixth step is to negotiate a contract. Again, try to keep your emotions in check during this process because you’re likely going to be tempted to get offended when the buyer tries negotiating with you; but remember that it’s all part of the game!
Seventh: The seventh step is getting inspections done on your home before closing escrow (which should happen at least two days before the contract date). The inspector will make sure everything inside and outside of your house works correctly (or if there are any issues, they’ll tell you what needs repairing or replacing right away), which makes for a smoother transaction later on.
You should also ensure that there aren’t any liens against the property while doing these inspections — like code violations, unpaid taxes, etc.… If something comes up here, then it could nullify the contract.
Eight: The eighth step is getting an appraisal done on your house to determine its actual value since this will come in handy when you have to pay capital gains tax after selling it (which varies depending on how long you’ve owned the home).
Don’t let this scare you, though — if anything, it should encourage you! You know that there are people out there who want what you’re offering so badly that they’ll agree to almost any price just for a chance at owning it themselves. This means all of those hard work hours spent fixing up and painting were well worth the time!
Ninth: The ninth step is preparing yourself for escrow-related paperwork, specifically title insurance, which protects against financial loss due to defects in the title (such as liens, unpaid taxes or easements). This is one of those things you can’t avoid, even if it sounds intimidating, so don’t worry about it!
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