Tips to Sell Your Family Home
Selling your family home is something that can be emotional. Whether you are downsizing, moving to another location or wanting to buy a condo, there are tips to start with in order to reach this goal.
1. Determine Your Timeframe
Think about your timeframe because it can take a few weeks to several months to sell a home. Even in a seller’s market there are variations due to the asking price, location, condition and appeal of your home. So knowing how much time you need to get yourself into a new home is important. This will help your real estate agent determine the listing price and the marketing strategy they will use to sell your home.
2. Determine Your Home’s Market Value
Your sales agent can help you with this step. It is very important to find out the market value of your home before it is listed for sale. You and your agent will review recent home sale in your area, the condition of your home and if you have any upgraded features or renovations that have been done. The market conditions will be a big part of determining the list price of your home. This means you will need to take into consideration housing inventory, interest rates and buyer demand.
3. Get Your Home Ready For Market
Your home needs to make a good first impression so in order to do this, you must address any problems. Make sure the floors are clean, paint looks fresh and your home looks overall welcoming. This will include your home’s curb appeal, repairs and maintenance, decluttering, and staging. Your real estate agent can help you with the process or can refer you to a home stager who can assist.
4. Negotiation and Accepting An Offer
This can be a complex step and your real estate agent will help you along the way. Remember that you need to be prepared to negotiate. and don’t let your emotions get in the way. Your realtor will review all terms with you and help you with your response in a timely manner. Also, consider all the offers if there are multiple offers and accept or counteroffer.
5. Prepare To Close
Again, your real estate agent is there every step of the way including this last step. This final step has many stages that you will need to go through. There will be a final walk-through where the buyer and their agent will walk the property to make sure everything’s in order. The escrow company will release an estimated settlement statement and you will sign the closing documents. Once these are complete all funds will be released and the keys will be given to the new owner.
If you are ready to sell your family home, contact a local realtor who can help you with selling your home from start to finish. An agent can help you go through all the steps you need to do in order to get into your new dream home.
