Get Your Finances In Order

Buyers would want to take a look at your financials to ensure you can pay the closing costs. You will also have more leverage when it comes to negotiating with buyers. Don’t worry if you’re still paying off your mortgage; there are several options, depending on what type of mortgage you have. However, before proceeding, you’ll need to talk to your lender to explore your options depending on your circumstances.

Meet With a REALTOR®

It’s crucial to partner with a REALTOR® you feel most comfortable with. Don’t fall for the trap of partnering with the first one who suggests the highest asking price. Research, ask for references, and talk to several REALTORS® to ensure they have the credentials, experience, and knowledge you need. You may start your search for a reputable one by checking if family and friends have a preferred REALTOR® or by searching online for the most visible and professional one with positive past client reviews. A good REALTOR® has the in-depth market knowledge and can help you price your home to sell or answer questions like, “When is a good time to sell?” Visit your local real estate office; pay attention to advertisements and For Sale signs. Finally, make sure to hire a REALTOR® who is knowledgeable, has a good reputation, and best fits your needs.

Listing Your Home

Pricing your home either too high or too low is not an option. Setting a fair price will attract more potential buyers and give your home the exposure it needs to sell. Understanding the factors which go into pricing your home is critical, as it can make the difference between getting the most out of your sale and losing out on potential buyers. Your REALTOR® should be able to explain to you the many factors influencing pricing, including competitive pricing, current market stats, and an accurate estimate of your home’s value.

Marketing And Promotion

The next step will be to sign a Listing Agreement, which spells out your terms of engagement with your REALTOR® and gives him permission to post and advertise your property on MLS (Multiple Listing Service). They’ll then begin marketing your home through a variety of mediums both digital and traditional, and inform other REALTORS® (representing buyers) that your property is on the market. Your REALTOR® can also help you prepare and effectively stage your home for maximum exposure.

Closing

After the hard work of marketing and promoting your home pays off, you’ll hopefully have multiple offers on the table. Once you’ve accepted an offer, your buyer will want to conduct a home inspection and (potentially) negotiate the cost of any repairs. Finally, your lawyer and REALTOR® will walk you through the paperwork and legal bits needed to close the transaction and officially transfer ownership of the property.

Congratulations! With the sale of your home complete, you can move on to the next chapter of your life and begin looking for a new place.