Here are 5 steps to help guide you through this process:
Selling your home comes with many reasons and many emotions. Often times, as homeowners, we are just not aware of the options we have.
1. PREPARE and MARKET YOUR HOME
You want to make a first great impression to prospective buyers…Get rid of clutter, garbage, dirt, personal items and extra furniture both on the inside and outside. You want to “de-clutter” the inside and make sure you have the “curb appeal” on the outside. Keep your colors and paint neutral. Evaluate simple repairs and fix if you can. You don’t need to remodel, just make sure it is desirable to live in. If you have money to stage, hire a professional stager. Keep in mind, a home inspection will be done and often times it will yield repairs that are needed and the buyer will want you to take care of these before they close. In general, have your home in good condition and ready to sell, so think more about what the prospective buyer wants. Be sure to have quality photos taken (inside and outside) to help either you or an agent market and sell your home.
2. HIRE an AGENT
If you don’t have previous experience selling a home, consider hiring a real estate agent. Find a reputable company and the top performing agent in that company to represent you. A real estate agent knows the market and will price your home correctly to sell quickly. They can also navigate you through the legal process and documentation with the goal of getting as much money for your home. They make their money in the form of commission once your home sells. Be sure to understand the commission fees and closing costs as you work with your real estate agent.
3. PRICED to SELL
Your home should be priced to sell based on what the real estate market is doing in your area and the value of your home. Often times, sellers over estimate the value of their home and price it too high, causing little showings or offers, and consequently the price will need to be reduced or it will be taken off the market. When working with a real estate agent, they can set the price correctly so you can realistically know what your home will sell for. They consider the market in your area, what other homes have sold for recently, the age and style of your home, number of bedrooms and baths, recent repairs or renovations, any special features, neighborhood, school district and crime rates. If you decide to sell privately, do your research so you know how to best price, negotiate and sell your home.
4. CONSIDER YOUR NEXT HOME
You should consider your next move before you sell… such as, where will you live, will you rent, lease or buy, what can you afford, how to get pre-qualified and who is the best resource to give you this information. There are many options to consider when trying to sell and and finding your next home. Many sellers don’t want to have 2 mortgages, so become informed and do your research. You can work with a trusted and reliable lender and your real estate agent to understand the type of options you have around financing, what conditions and terms you need to meet and the steps involved to get you through the process.
5. OTHER OPTIONS
Selling your home by yourself or with an agent may not be as easy as it seems; working with a buyer who is an investor is another option. An investor can offer to buy your home as-is, no matter the condition, or even the financial situation you may be facing and give you the best market value. You don’t have to worry about repairs or listing it with an agent, so you are keeping more money in your pocket. They pay cash for your home, close quickly and charge no commission fees or closing cots. You don’t need to wait for a buyer to to become qualified, which can take up to 45-60 days once the contract is signed.
If you need to sell your home fast, Magnolia Design Properties, LLC is here to help. We are real estate investors who work with sellers who are facing all types of situations such as bankruptcy, foreclosures, inherited properties, divorce, re-locations, behind on property taxes and many other scenarios. We work with each person, each family at a time to help bring the best real estate solutions to them. We buy houses in all conditions and in all price ranges. Contact us today at 844-428-9776, or how-can-I- sell-my-house-fast.com Let us make you an offer today.
