Breaking Down the Process of Selling a House

Breaking Down the Process of Selling a House

Did you know that the best day to list your home for sale is early Friday morning? This is because potential buyers review the homes their real estate agent sends them on Friday in preparation for home viewing over the weekend.

Knowing tricks like this and the process of selling a house can make the entire process smoother. Follow this guide to get ready to sell your home.

Choose a Listing Agent

Your listing agent looks out for your best interests. Their goal is to help you get the most for your home. Interview a few different agents and find one that makes you feel comfortable and confident.

They will also be able to price your home for the market accurately. The worst mistake you can make is to overprice your home. Your home won’t sell and then the longer it’s on the market, the more people will think something is wrong with it

Get Your Home Ready

Clean and declutter everything. Remove all traces of personalization. You want potential buyers to imagine themselves in your home. They can’t do that if they see pictures of your family everywhere.

Make any necessary repairs to the home. This will remove these issues as negotiating points for potential buyers.

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Find a Buyer

Your listing agent will help you list your home, hold showings, and find a potential buyer. Depending on the market, this can take less than 24 hours or a few weeks.

If you don’t have time to wait, considering cash house buyers can be a great option. You’ll submit your property, get an offer, and close with cash in hand.

Going the traditional route will mean going through the escrow process. There will be a property inspection, title verification, and appraisal.

Negotiate

Depending on how the previous step goes, there may be a negotiation period. This is where the buyer may request a reduction in price due to a defect that came to light.

You can opt to counteroffer. You could have the defect repaired, agree to a price reduction, or refuse to accommodate the buyer at all.

The Closing

Once you and the buyer come to an agreement and payment is secured, it’s time to sign the documents. Everyone will sign the escrow documents and contract for the sale of the property.

Then the property deed, reconveyance, and deed of trust get recorded in the public records. This puts everyone on notice that you no longer own the property and that someone else is the rightful owner.

Get Familiar with the Process of Selling a House

Now that you know the process of selling a house, you’re ready to get started. You can act today by looking for a listing agent and cleaning your home. It can be smart to starting decluttering and cleaning now. This lets you get a head start so you aren’t overwhelmed later.

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