Whether you are a property investor or a homeowner, you probably already know that selling a property is never an easy task. It requires a great deal of preparation. Most of the time, people get frustrated when selling their house because waiting for the right buyer to come along and make an offer is not easy.
Our friends at Quick Move Now suggest homeowners follow these simple steps when preparing for the home sale process:
1. Know What You Are Selling
Before selling a house, the seller must have a vivid idea about the basic information. Location of the house is one critical consideration. If a house is located near a market place or a park, easy access to basic infrastructure, these features will benefit the seller and he/she can set a good price for their house.
The condition of the house also matters. A house with a good working condition always sells at a good rate. So make sure that everything is working correctly because it is always economical to repair things on your own. Before putting your house up for sale, also keep in mind the capacity i.e. how large or small the house is.
2. Renovation
First impressions are usually the last impression. The owner must keenly observe the interior and exterior of the house. Update your house according to the latest trends prevailing in the market. Fresh paint, new furniture, and decoration are some things that can be easily managed by the owner. New and fresh looks of house can help you earn decent market price.
3. Depersonalization
After making essential changes to renovate the house, it is time to depersonalize it. Take down all your family photos, collections, artwork etc. Present your house in a way that helps the buyer visualize themselves living there. These are important non-verbal ways of attracting potential buyers that a seller must keep in mind before marketing the house for sale.
4. Go for a Real Estate Agent
Selling your property is a big decision so it is advisable to take help from a qualified agent in this regard. These agents have experience in selling property and they can guide you well. When selecting an agent, you must go through the performance level of that agent and his/her track record. It will give you a clear idea of how well they can sell your house. These agents are knowledgeable about the latest market prices, about the buyers, and can help in saving your time by marketing your property in a right way.
5. Market your Property
Potential buyers must be made aware that your house is available for sale in the market. Real estate agents will help you in marketing your house, but you should do your part as well. You can market it by placing a sign “For Sale” in your yard or by posting ads on different website or newspapers. You can also tell people by using your personal social media accounts. Neighborhoods can also be used to spread the word. Try to highlight the best features of your home. No one can market your house as well as you can yourself.
6. Price your Property
This step is one of the most crucial because success or failure mostly depends on it. The price you set must be competitive in the market. Your agent can help you in this regard. You may have some emotional attachment to the house, but in setting a price, try to view it as a product. It is only in this way that you can be realistic about pricing.
Bidding might help you. Keep in mind that your ultimate goal is to get good price for the house.
7. Look for Interested People
Always be ready to welcome buyers to your home. Interested buyers want to visit the house and they may contact your agent in this regard. Don’t try to make it difficult for your agent to bring interested clients into the house by telling them to take appointment before coming or restrict timings. Show them your house and be patient.
8. Settlement Process
Finally, the time comes when you must negotiate with your agent and buyer about selling the property. It is very important to negotiate with your buyer before settling on the final price. Normally, the real estate agent helps the seller in convincing buyer for paying the price you want. Your agent will assist you in completing the documentation and will also make you aware about the laws ruling in the country about the sale and purchase of real estate. Listen to your agent while making such decisions as they are the ones who have complete knowledge about the ups and downs of the market.
By following these few simple steps you can attract as many potential buyers as you want and can enjoy a handsome amount of profit.