Many home buyers have many questions in their minds when it comes to buying their precious new forever home. Similarly, selling a home also comes with its own set of challenges that can be difficult to navigate for first-time home sellers. If you are looking to sell your home and have questions about the home selling process, fret not. Read on for a seller’s FAQ that addresses some of the most common questions asked by home sellers.
What Steps Should I Take to Prepare My Home for Sale?
After you have made your decision to sell your home, the first important step to take is to identify the asking price you are willing to accept. One tip to help you identify a reasonable asking price is to go online and have a look at apartments similar to yours in the same or surrounding vicinity. After looking through some listings, you should have a rough gauge as to what range of asking price would be reasonable for your home. Of course, you should also take into account factors such as renovation and refurbishment done in your home.
Before you put up pictures for online listings or invite homebuyers to view your home, ensure you do up necessary preparations to keep the home in an ideal position. You never get another chance to make a first impression, so put in your best effort when making the first impression. This includes sprucing and cleaning up the lawn area of your home, cleaning up every corner of the home, fixing any damages, and other necessary arrangements. If you are still unsure what needs to be done, read this guide for tips on home showings by Realty Kings Properties.
When Is the Best Time to Sell My Home?
Unfortunately, this question cannot be answered simply as it depends on too many factors. Different real estate market communities differ in their ways. However, identifiable trends suggest that spring is the best time to sell a home, while winter might be a period you want to avoid.
Should I Price My Home Above Market Value?
Pricing homes above market value is commonly practiced by first-time home sellers in a bid to leave room for negotiations.
In today’s market, most buyers are educated and can easily identify if your home is overvalued by looking at similar properties or engaging the help of professional real estate advisors. As such, listing prices above market value is not something we recommend as it can turn off many interested parties.
Instead, pricing your home at or below market value will garner traction and interest from home buyers. After which, you may negotiate with interested parties to decide on a price reasonable for both parties. You can always reject any asking price that is too low for you.
Should I Engage a Real Estate Agent?
If you are a first-time home seller that have little knowledge about the real estate industry, we highly recommend that you engage a real estate agent. While real estate agents may take a commission from the sale, you get the valuable trade-off from a better sale price, faster sale, expert advice, and others alike. Looking for trustable real estate agents to help facilitate your home’s sale? Work with Realty Kings Properties today.