You just found your new dream home. The original homeowner and realtor accepted your bid, and the place of your dreams is finally yours.
There is, however, one problem, you still have your current house and need to sell it fast. The good news is selling your home can be both a fast and enjoyable process if you do it right.
There are a few things you need to consider. Many homeowners looking to sell their home are often overwhelmed by where to start. Many often wonder when they should sell, what steps to take, and whether they should work with a realtor.
If you’re feeling overwhelmed by these questions, you’re not alone. Here are 5 tips for selling your home and how to get it done right.
1. Know When to Sell
Before you decide to place your home on the market, you’ll need to research housing market trends and home inventory in your area.
Inventory is the number of homes for sale in your area, while “months of supply” refers to the length of time it takes for those homes to sell. If the time it takes for a home to sell is under 3 months, it’s a seller’s market, meaning you’ll have a greater chance of selling your home in less time at a higher price.
Be aware the housing market goes through cycles of ups and downs. Picking the right time to sell ensures you’ll make the greatest profit on your home.
2. Work With a Real Estate Agent
Hiring a real estate agent offers several great benefits over trying to sell your home yourself. One major benefit is they can help you sell a house fast.
Other benefits include selling your home at a higher price, peace of mind, and marketing benefits. An agent will also walk you through the legal side, ensuring all legal documents, inspections, and more are up-to-date.
3. Make Your Home Presentable
Would you buy a home that looks in need of major improvements? Probably not.
Before you list your home, make any necessary improvements both inside and outside the home to make it look presentable. This includes fixing damages, cleaning, and staging your home.
4. Show Your Home
Open houses are a great way to get people interested in your home. Setting up individual showings, however, will connect you with more serious buyers and, eventually, better offers.
In this case, you may need to be flexible and willing to work around others’ schedules to show your home. Doing so will lead to more offers and make selling your home faster.
5. Negotiate Prices
Be open to negotiating offers as they come in. While you want to sell your home for as high a price as possible, sometimes being flexible and negotiating can still lead to a good profit. Besides price, you’ll want to consider who the potential buyer is lending from and how they’re paying for the home.
Talk with your real estate agent to form a plan as to how to best handle incoming offers.
Make Selling Your Home Fast and Easy
Follow these 5 simple tips, and you’ll find selling your home can be a fast and easy process. Working with a real estate agent or brokerage will take much of the work off your shoulders, allowing you to focus on your home and next steps.
Want to learn more? Check out our Home Improvement articles to learn how to make your home look its best.