Selling or buying a home is the largest transaction most of us ever become involved in. Yet people sometimes take less time over it than they do when buying a new car.
That’s because it’s unfamiliar territory to many of us. We don’t understand the process. We don’t know what questions to ask. We may take things for granted, rely on others when we shouldn’t, and sometimes we wish we had known more about the process.
Homes for Sale
Getting Started - Surrey Homes For Sale
If you're thinking of selling your home, it's smart to prepare a home selling plan before you start making repairs or marking a date on your calendar for an open house. Prepare your property, making repairs if necessary. Interview real estate agents and be open to suggestions for a listing price. Of course, you want the most money you can get for the property, but that might not happen if you make costly home selling mistakes along the way. Unsure of where to start? Here are steps you can take to make your home sale a success.
Consider Your Motivation
Explore your reasons for selling. Maybe this isn't the ideal time for you to sell if you aren't really committed. Perhaps the current market isn't ideal. Try comparing the pros and cons—staying a while longer versus selling right now—in a written list to determine if you're making the right move. Talk to trusted professionals and gather opinions.
Call Real Estate Agents
Ask the agent to present a comprehensive marketing plan that explains what they'll do to market your home. Ask the agents to prepare comparative market analyses for you so you have an idea of home values in your area.
Prepare Your Home for Sale
Compare suggestions and consider accepting the most sound advice. In general, you'll want to remove any bulky, excess, or worn-out furniture. Stick extra stuff in the garage or a private storage unit, or just throw it out if it's in really bad shape. Give the place a good, deep cleaning. Hire a professional if necessary.
Decide Whether to Make Repairs
Not all resale repairs will pay off, so calculate the potential return on your investment if you're tempted to spend money on repairs. Kitchen and bathroom improvements tend to provide the best returns. Ask for professional guidance, or you might spend more on things you don't need to fix. Although you don't want to spend a lot of money making improvements, you do want to repair obvious maintenance issues.
Stage Your Home
Home staging is the art of presenting your home in a way that gives potential buyers that warm, fuzzy, I-want-to-live-here feeling. You can hire a professional stager, ask your agent to help stage, or stage your place yourself, but you'll almost certainly get more for your home if you address this issue. Move furniture—what's left after you got rid of the bulky stuff—to make rooms look larger or cozier. Add throw rugs, pillows, or artwork in colors that tend to elicit a positive psychological response. Get the lighting just right. And don't forget the exterior. Add a few potted plants or lay down some fresh mulch so your house is warm and welcoming. Take pictures or hire a professional photographer to do it for you when everything is neat, clean, and attractive. They'll know the tricks of the trade to make rooms look larger and brighter, and quality photos of your home that are posted in the right places can go a long way toward bringing in buyers.
Decide on How to Price Your Home
Don't select an agent based on the sales price they suggest. Some will try to overbid each other to get the listing. And do not overprice. Homes that are overpriced often sell for less than market value, if they sell at all. Would you want to pay $25,000 more for a similar home in the same neighborhood? Review those comparative market analyses you asked for, and look into other nearby homes that are on the market. You might even consider getting a professional appraisal so you have a firm, unbiased opinion as to what your home is really worth.
Compare Net Profits
Many agents will prepare two net sheets for sellers, one with a low price and one with a high price. This way, sellers can be prepared for the worst and hope for the best. If the lowest net price will allow you to buy the new home you want, it's time to find financing and get preapproved.
You can sell your own home without the services of a real estate professional, but selling a home is a complex process. What is the best possible price? Where do you find a buyer? What facts must you disclose? What paperwork is required? Will the contract be legal and binding? How is ownership transferred? What about the existing mortgage? Can the buyer qualify for a mortgage? Who ensures you will get your money?
To answer these questions and assist with many other situations that may arise, you might wish to employ a licensed real estate professional to act as your agent.
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Surrey homes for sale | Jag Sidhu | Personal Real Estate Agent
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