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Seller's Guide
Home Seller's Tips
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Pricing
a Home
If you're planning on selling a house, you'll have to
decide what price you're going to ask for the home. This
is one of the most important and difficult decisions
you'll have to make. Buyers select by comparison shopping,
so your home will have to have a fair market price in
order for it to sell. A real estate professional can help
you determine the market value of your home while still
obtaining the top-dollar price for your piece of property.
Some of the things to
consider when choosing your home price are:
- What is the age &
condition of your home?
- Does it need updating?
- What have similar homes
in your area sold for?
- Have homes in your area
been increasing or decreasing in value?
- Are there a lot of homes
for sale in your area?
Remember, your home is only
worth what someone is willing to pay for it. By working
with a qualified real estate professional, you can ensure
that your property will receive the needed exposure to
attract interested parties who are willing to make an
offer.
Making
Your Home Look Its Best
When you're selling your home you'll want to put forth the
very best product. Buyers aren't coming for just a quick
look but for a careful inspection. Keep the exterior neat
by painting the trim, clipping the hedges, mowing, edging,
and weeding the lawn and you may even want to plant a few
flowers.
Inside you'll want to
lighten up the darker corners, perhaps add some fresh
paint and put the clutter away to give the rooms an open
feeling. Make sure there are no "stale" odors in
the home. This can be especially important for remote
areas such as a basement or attic. On the day of your open
house, you may want to consider baking some cookies or
bring in some fragrant fresh flowers. This will add a
cheery and pleasant scent to your home. These little
things just may help you sell your home a bit more
quickly.
Marketing
Your Home
When selling your home, you must realize that it's not
likely that the right buyer will simply walk through your
door on their own. Generally, you have to bring your home
to the buyer, and that means counting on a real estate
professional to put forth a successful marketing campaign.
You'll want an agent who will make the best use of
television and newspaper advertising, and one who uses
state-of-the-art techniques such as an interactive
voice-response system, a front end MLS system and the
internet. Make sure your agent is trained not only in the
financial aspect of a real estate transaction, but the
marketing aspect as well.
An
Offer!
When you have a home for sale, eventually a prospective
buyer will "make an offer." As the seller, you
basically have three options: you can accept the offer,
reject the offer or give a counter offer. A counter offer
usually will encourage a buyer to continue their
negotiations. You may also receive multiple offers. You
may prefer to take slightly less for your property from
someone who is willing to pay cash, versus someone who
needs to sell their current home first. Contingencies,
move-in dates, and financing are all things to consider
when weighing an offer. If things seem a bit overwhelming,
rely on your experienced real estate professional, who can
go over the various points with you, and help you choose
the best offer.
The
Closing
Once you've accepted an offer on your property there's a
number of details that still need to be finished. There
will probably be an inspection of your home by a
professional who will determine the condition and
integrity of your property for the buyer. The buyer's
mortgage company may choose to send out an appraiser who
will assure the lender of your property's worth. The title
company will warranty that there are no liens or existing
encumbrances which would inhibit a transfer of title to
the buyer. Rest assured that you can always rely on your
real estate professional to make sure the entire home
selling process proceeds smoothly.
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