Are you wondering about selling your house but don't know where to start? If so, then surely you are not alone. Maybe you are selling a property because you're relocating for some reason or you want more space. So, it can be said that selling a property is an emotional and stressful process. And no doubt, a large amount of prep work is involved, like setting your house to look its best, looking out for the potential buyers interested in buying your property, etc. Issues like these and the complexities that are prevailing in the current market can make the selling process difficult. But don't fret; this seller's guide can make your sale process hassle-free.
Step 1 - Be certain about the reason for selling the house
Before putting your house on the market, it would be best to satisfy yourself with the reason behind selling a property. Rather than making a decision quickly, take your time and explore your reasons for selling. Property is one of the most important assets to sell, and the process can become expensive, so make sure you are certain of your reason for selling the house before getting too involved. The basic thing you would expect when selling your property is a decent Return on Investment (ROI). Knowing the value of your property will improve your chances of gaining financial returns rather than selling at a lower price and regretting it later.
Step 2 - Choose the right real estate developer
In order to sell your property at a great price, you need to get in touch with the right real estate agent. Research well and gain the local knowledge to get the best agent for your property. Find an agent who deeply understands the local market as he would know much about the property and the locality. Once you shortlist the agents, ask them about their previous targets, what approaches they follow, what they think would work best for your property, and why.
Step 3 - Set a timeline for selling the property
Monitoring the state of your local real estate market can help you identify the best time to sell a property. If you are in no hurry, you might consider waiting for the seller's market, which is likely to occur when more property buyers are available. Usually, selling a house can take 2-4 months from start to finish, and in some cases, even longer than this, depending on the local market conditions. So consider making a timeline by which you wish to be done with the selling process.
Step 4 - Set a price
Setting a price is a complex decision that you have to make at the time of selling the property. You will have two choices: either you can get in touch with a good agent or set a price and get in touch with the potential buyer yourself. Often, people set their property prices based on what they need to pay to buy a new property or repay debts. But the harsh reality is that such prices bear no relation to the actual market value of the property. If you want to gain an insight into the value of your property, then you should use Clicworth, an online home valuation tool, and you will get an estimated price of the property.
Step 5 - Prepare your property for sale
Presentation is simply the key when planning to sell your home. No doubt, preparing your home to sell does involve a lot of time and effort, but you would want to do that as you would want your buyer to fall in love with the property the moment they lay their eyes on it. Spend some time discovering the areas that you think need improvement. Whether you wish to work on your house yourself or outsource the work, after its completion, you have to be ready for the following-
Allow for pre-inspection: Allow potential buyers to inspect your property. Buyers are more likely to buy a property where there is the possibility of pre-inspection to avoid future surprises.
Increase ROI with improved equipment- If you have professional kitchen equipment, solar panels, and pleasing odors, the chances of attracting potential buyers increase.
Step 6 - Once you have made a successful deal, the next step is paperwork
To conclude your sale process, transferring property from seller to buyer is important. It involves the creation and registration of transfer documents like sale deeds.
We truly hope that these 6 steps involved in the seller's guide will make selling your property a hassle-free process.