Selling your home can seem daunting. The process is inarguably stressful, and so much rides on getting the right result that people often panic about embarking on such a journey. There is no need to feel this way. Provided that you approach it with the right mind-set, a successful sale is on your horizon.
Most sellers prioritise two things above all: achieving a good price for their property, and securing a quick turnaround. They often go hand-in-hand, and can be achieved by much the same methods. If you need some guidance to help you obtain them, here are three handy tips to get you started…
#1: Price Your Property Realistically
Although every seller wants to achieve the highest possible price for their property, no buyer is going to pay over the odds, so it’s important to value your home realistically. There are lots of ways to uncover an achievable ballpark figure, and one of the simplest is to take a look at similar properties in your area and see what they’re selling for. A quick browse in the window of some local estate agents should provide you with a rough estimate, or else a brief perusal of a few online selling sites. Alternatively, professionals like House Network offer free valuations for those who are curious, and these can be a very handy tool.
#2: Choose Your Estate Agent Wisely
Estate agents are skilled professionals, and the one that you choose will have a marked impact on your sales experience. Prices can vary widely between them, but don’t be tempted to choose an economy option straight off the bat. Instead, take the time to do your research, looking at the various packages on offer, as well as investigating other people’s experiences with your shortlisted companies. Recommendations from friends or acquaintances can usually be relied upon to offer a valid assessment of a particular enterprise, but online write-ups on property forums and so on are also a useful gauge of an individual estate agent’s performance.
#3: Be Willing to Negotiate
Although every seller wants to make profit, it’s a good idea to leave yourself some leeway for bargaining. Do not make the mistake of pricing your property too highly to start with; rather than leaving room for negotiation, this will simply deter those who may have been interested if your home was fairly priced. Instead, settle on a realistic value, and then decide how much less than this you would be willing to accept. Although the first potential purchaser may offer the full asking price, it’s good to consider how far you would be willing to negotiate should such a scenario fail to arise. After all, the quicker you can sell your property, the lower your costs will be, which is infinitely better for your bank balance in the long-run than holding out for what you feel your home is worth.
#4: Don’t For the Papers Transferring
Don’t Forget the Papers Transferring ownership is the last step and the most important thing to do in selling a property. There are ways to transfer the ownership to the buyer and one way you can choose is the special warranty deed in which you provide limited warranty of the title. As a seller, you must ensure that all the documents are in order before selling or transferring the ownership of the property.
Follow these three simple suggestions today, and secure yourself a successful sale in no time.
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Thomas @ i need money ASAP! says
Hiring a good real estate agent is key. We had a great one that helped us buy our home and then sell it 6 years later. She worked extremely hard to help us find our dream home and then to get the most we could for it when we sold. She was also on top of emails/calls whenever we had questions, which is awesome.
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Zoe Campos says
I’m worried about the part where you said that selling our house can be a daunting process. We’ve stayed in this property for ten good years and we would like to sell off our home to a good homeowner. Maybe working with an agent can help us filter potential buyers and only talk to ones that can be trusted.