8 Steps on How to Sell Your House Effectively

Do you have a plan to sell your home in the future? Well, if your answer is yes, then this article is perfect for you.

One of the best achievements you can have in your life is buying a home. It allows you to create fun and amazing memories together with your loved ones.

However, there is a time when you need to sell your property, especially if you need money for emergency purposes. Many believed that selling your house can give you a lot of headaches. Especially if this is your first time to sell your precious home.

Today, we will give you eight vital steps to know before you sell your property. If you know everything, then the chances for success are much higher. So, without further ado, let’s begin to sell your house effectively.

Step #1. Make Sure That Everything is Ready Before You Sell Your Home

Do you need to ask yourself if it’s the right moment to sell your house? Here are some things that will guide your decision to put that ” house for sale ” in the online marketplace.

 

• Check Your Current Finance Status

 

The first thing you need to work on is to check your current mortgage bill. Once you have a rough estimate of your total mortgage, you need to find out the value of your home. The reason if we subtract the value of your home against your current mortgage, we can get the total equity.

Once you decide to sell your property, make sure to search for a real estate agent. They can help you to figure out how much the current selling price of your home is.

 

• Choose Between Selling Your Home or Purchase a New One First

 

There is no correct answer whether you’re going to purchase first or sell your property. However, one big decision to make before selling your home is to know when you’re going to have a new one.

Most of the people prefer to sell their house first. That’s because they don’t want to have two mortgages. On the other hand, some people don’t want to feel homeless, which is hard to avoid if they sell first before buying a new one.

 

• Prepare Your Emotions Before Selling Your Home

 

Emotion plays a vital role when selling a home. When selling a house, you mustn’t have any regrets selling your property. 

You need to prepare yourself before the big day. There’s a high chance that you might succeed in your goal if you’re 100% sure about your feelings.

Step #2. Select a Real Estate Agent

A real estate agent plays a vital role in your home selling process. They can help you to increase the price value of your home. They’ll guide you through every step and can also provide expert advice.

Here are the benefits you can get with a real estate agent:

• Real Estate Agent Helps You to Negotiate the Right Price

An experienced real estate agent works with hundreds of home sales. For that reason, they know how to negotiate the right price of your home in the market. They can provide various deal tactics to the buyers. In the end, it will make sure that you will serve as your advantage.

• Real Estate Agent Saves Your Time

Showing your home to prospective buyers can be a lot of work. However, with the help of a sales agent, they can pre-screen and nominate serious buyers. With this, it can save your time and effort.

• Real Estate Agent Will Work For You and Not with the Buyer

A real estate agent will work hard for you to achieve the most significant transaction of your life. The sales agent will help you benefit the most when selling your precious home to others.

• Real Estate Agent Will Work on Legal Documents

A sales agent’s job is to make sure that the seller is comfortable from start to finish. When selling a home, there are tons of paperwork involved, which gives a seller real confusion and problem. 

Worry no more because a sales agent will guide you to all legal paper works. They can help you to process and protect yourself when selling your property.

Choosing the Right Real Estate Agent

A real estate agent will guide you from the until the hand-over of your property to the buyer. They can help you translate the market data inputs and convert them into profit when selling your home.

When choosing the right real estate agent, we recommend that you select a member of the National Association of Realtors and work as a Seller Specialist. On top of that, we want an all-around sales agent that can work in and out of your schedule.

Step #3. Checking the Right Price of your Home

Once you establish the right real estate agent to work with, it’s time to face the most crucial home selling process – checking the right price.

The price opinion of both real estate agents and the appraisers will be based using comparable sales. Ideally, they have to check the price value of your neighborhood within three to six months. When looking for similar sales, they need to look at several factors. It includes the following:

• Home condition
• The total area of your house
• Age of your house
• Location

Usually, the most vital feature in the real estate world is the location. When appraising your home, make sure to include home furniture and electrical appliances such as TV sets and aircon. It will surely boost the value of your home.

Your real estate agent will compute the market price of your house based on the guidelines mentioned above. Once they collect all the details, that’s when they will suggest the right price for your home.

How to Price Up Your Home

Pricing is crucial to the success of your home sale. If you set up the price too high, your future buyer might decline. Also, buyers might not even see your home online. That’s because most of the people use lower price points.

To avoid selling an overpriced house, make sure that you check out the market trends in your area. You may also 

Avoid the Desire to Overprice

Many reasons urge you to go overpriced when selling your home. But, boosting up your house price is not advisable. That’s because buyers will know right away if a house is overpriced or not.

To solve this problem, all you need to do is to hire a real estate agent. They will assist you at the right price for your home based on the current market price. Once you have a target price, it’s time for you to style your home to convince your future buyer.

Step #4. Prepare to Restyle Your Home

There are lots of details you need to check before listing your home in the market. Here are the things you need to check:

• Repair any Damage

It is your final moment to fix all the problems in your house. It can be bathroom pipe leakage, dirty living room walls, and faulty electric power.

Be careful; any significant plans that you’re going to do can affect your house’s total profit. Make sure to consult with the expert to select cheaper hardware materials. It can save you a lot without spending too much money.

• Prepare a General Cleaning to Your Home

Cleaning your entire home before you sell it provides an excellent impression to your buyer. You can sell various stuff that you don’t need anymore. Also, you need to clear out the closets. That’s because buyers might think that your house doesn’t have enough room for storage.

Also, you need to perform a similar cleaning treatment for other parts of your house. That place includes a garage, terrace, and laundry rooms. If you maintain a well-planned cleaning, it will make everything organized.

• Add a Cool and Exciting Style to Your Home

One of the best ways to attract buyers to purchase your house is to add a home decor. This process helps the buyer to visualize their future house easily. Here’s how to add more style to your home:

1. We recommend that you put fresh flowers to attract visitors to enter your room for the living room.
2. Install a patio outside your home. You can fix it in your backyard. It helps you to boost the value of your home.
3. If you have old furniture, try to replace them with new and bright colors. It will help you lift the excitement of your buyers.

Step #5. Sell Your Home 

Once you finish cleaning and styling your home, it’s time for you to sell it. First, you need to talk to your sales agent to start working on various sales strategies. 

How to Sell Your Home

Below are some marketing practices you can use to sell your home quickly:

1. Using Social Media

One of the fastest growing online communication is through social media. Various accounts such as Facebook, YouTube, and Instagram are helpful to post your home to the public. Using social media helps you to gain a lot of exposure for your home.

2. Yard Sign

A visible yard sign in front of your house can be helpful to attract curious home buyers. One of the best advantages of using a yard sign is that buyers can see your actual house.

3. Multiple Listing Service

Multiple listing service is the biggest tool in the world of real estate agents. They’re using a private database to find homes for the buyers. 

4. Using a Flyers

Your sales agent will create flyers to sell your home. It can be attached to a yard sign or electrical post to highlight the details of your home. It’s a perfect way to keep crucial information about your house to some buyers.

Prepare to Show Your Property

When it’s time for you to introduce your house to buyers, make sure it is 100% clean. You can hire a daily house cleaner to maintain a proper and organized home. 

Also, you can create a weekly cleaning work schedule. This process will make sure that everything is well-planned. 

Step # 6. Settle the Price with the Buyer

When selling your home, one vital step to complete the entire transaction is to negotiate the price to the buyer. In this case, your real estate agent will serve as your negotiator and work on your behalf. 

A sales agent provides everything you need to achieve your ideal price for your home.

Have Honest Expectations

When you’re in a negotiating status, it guides you to remain open and flexible. It includes honest and truthful expectations. You’ll rarely get everything you want in one go. So, think outside the box what you’re willing to stay in and want to give up.

Inform ahead to the buyers the correct flaws of your house. They must know the problems ahead of time rather than they will point out on their own. You can discuss these problems with your future buyer. If the problem is a major one, you can offer to reduce the total contract price.

How to Deal with Low Price Offer Professionally

Most of the time, you will get a price that is lower than what you expected. Here are the things you need to do to handle this kind of situation.

• Try to Understand the Buyer Side

Speak with your buyer about the price range of your house. If they offer a lower price, don’t take it personally. You may learn something crucial about their offer, even if you strongly disagree with the proposal.

• Arrange a Counteroffer

Check the buyer’s offer and work this with your expert agent. Try to look for something valuable to your house. Once you have the item, you can use it to support your first asking price.

• Arrange a Special Offer to Keep Your Original Price

Real estate agents know how to manipulate the buyers to say yes from your original price. For instance, they can offer the buyer a home warranty or free one-year annual fee for your village. 

Expert agents also offer some perks that are outside the box. For example, they can provide the buyer’s free tickets to other countries in exchange to accept the original price contract.

The longer it takes to sell your house, the less likely you can land at your ideal price. The process of negotiation when selling a home can be tricky. However, with the help of an expert real estate agent, you can achieve your success in no time.

Step #7. Closing the Deal

Having a sure buyer to your home is a significant milestone in your life. Once all settled, there is a final task you need to do to close the deal entirely. Below are lists of final steps you need to perform to have a successful home sale.

1. Perform the Inspection and Appraisal Action

The two vital steps to close a house deal are the appraisal and inspection process.

• Appraisal – It is an estimated market value of your house. It is ordered from the lender of your buyer during the loan process. 

It is usually performed by inspection of a licensed appraiser. They will check the value of your home based on the age, location, and upgrades you provided for the entire duration. Most of the time, the appraisal process comes with a lower value against the selling price. If that is the case, the seller and the buyer must agree with the appraiser’s quote to close the deal.

• Inspection – It is requested by the buyer to check the current status of the home. It includes:

• Structure of the house
• Power Source
• Air-Conditioning Unit
• Water System
• Roofing

The primary purpose of an inspection is to find out whether there is a significant problem in the house or not. In this way, the buyer can raise the concern immediately with the seller. The seller needs to repair all the problems before they can hand-over the property to the future owner. Here are other things you need to check before placing your home in the marketplace:

• Slow drains must need to be repaired to remove doubts about your house plumbing system.

• Make sure that the home your buying provides a fire exit. It is one of the best practices you need to check when buying a home. 

• Replace faulty electric wires and busted lights. It is an electrical hazard, so you need to solve the problem immediately.

• Clean the air filters of your air conditioning unit. Make sure that the safety features of your home are working correctly. It includes fire and smoke alarms.

2. Arrange the Important Papers

The next thing you need to do is to arrange all the required papers for contract signing. Here are the most typical paperwork that you need to prepare:

• The Title Work

The titleholder will review the title works to confirm that the unit is legal and doesn’t have any pending taxes.

• Loan Papers

Arrange all your papers related to mortgage and credits.

• Plans and Permits

If you perform extra work on your home, such as structural upgrades and expansion of houses. You need to submit plans and paper documents to ensure that everything is right and in the standard process.

• Property Survey

The buyer typically requests a property survey. It is done by showing the boundaries of your property and where to install fences. 

You can request this upon handing over the unit. If not available, you can reach through your local engineering office to get a copy of the master list.

3. Close the Deal

When it’s time to close the deal, you need to make sure to bring a photo ID. Sign all the paperwork required to transfer the ownership of your house. 

4. Final Steps After Closing the Deal

After getting through the closing part of your property, it’s time for you to check your home for the last time. Here are the final things you need to do:

• Replace your address form to the post office.

• Close all your home utility payments

• Inform your home insurance agent to cancel your policy immediately.

• Close all the curtains and blinds, switch off your electric supplies, and lock the door on your way out.

• Before you leave, make sure to write a simple letter to the new owner of your house. Write a simple message of saying, ” thank you for taking care of my home.”

• Once you lock on your main door, take a final photo of your precious house. It will always have a place in your heart. 

Close all your to-do list and get ready to start the new chapter of your life. 

Step #8. Celebrate Your Sale with Your Friends and Loved Ones

Once you officially sell your house, it’s time for you to celebrate all your hard work with your friends and loved ones. Selling a home is not an easy task, especially if this is your first time selling a property. It is one of the best achievements in life that is worth celebrating.

Final Thoughts

Selling your house is a great and fun experience. Although you’re going to sell one of your best assets in life, you can purchase a new and better one. 

Also, you can get lots of profit from selling your property. That’s because any residential real estate will increase its value every year. The best thing you need to do is hire a real estate agent to maximize the full benefits of your property. 

So, start applying all the eight steps mentioned above to sell your house effectively. Lastly, don’t forget the importance of a professional agent. They will guide you from the start of your journey up to the day you sell your house to your future buyer.

Investing in a property like a house is a big decision. Consider all the options you have to make the best home sale.

 

Do you have a plan to sell your home in the future? Well, if your answer is yes, then this article is perfect for you.

One of the best achievements you can have in your life is buying a home. It allows you to create fun and amazing memories together with your loved ones.

However, there is a time when you need to sell your property, especially if you need money for emergency purposes. Many believed that selling your house can give you a lot of headaches. Especially if this is your first time to sell your precious home.

Today, we will give you eight vital steps to know before you sell your property. If you know everything, then the chances for success are much higher. So, without further ado, let’s begin to sell your house effectively.

Step #1. Make Sure That Everything is Ready Before You Sell Your Home

 

Do you need to ask yourself if it’s the right moment to sell your house? Here are some things that will guide your decision to put that ” house for sale ” in the online marketplace.

 

• Check Your Current Finance Status

 

The first thing you need to work on is to check your current mortgage bill. Once you have a rough estimate of your total mortgage, you need to find out the value of your home. The reason if we subtract the value of your home against your current mortgage, we can get the total equity.

Once you decide to sell your property, make sure to search for a real estate agent. They can help you to figure out how much the current selling price of your home is.

 

• Choose Between Selling Your Home or Purchase a New One First

 

There is no correct answer whether you’re going to purchase first or sell your property. However, one big decision to make before selling your home is to know when you’re going to have a new one.

Most of the people prefer to sell their house first. That’s because they don’t want to have two mortgages. On the other hand, some people don’t want to feel homeless, which is hard to avoid if they sell first before buying a new one.

 

• Prepare Your Emotions Before Selling Your Home

 

Emotion plays a vital role when selling a home. When selling a house, you mustn’t have any regrets selling your property. 

You need to prepare yourself before the big day. There’s a high chance that you might succeed in your goal if you’re 100% sure about your feelings.

Step #2. Select a Real Estate Agent

 

A real estate agent plays a vital role in your home selling process. They can help you to increase the price value of your home. They’ll guide you through every step and can also provide expert advice.

Here are the benefits you can get with a real estate agent:

• Real Estate Agent Helps You to Negotiate the Right Price

An experienced real estate agent works with hundreds of home sales. For that reason, they know how to negotiate the right price of your home in the market. They can provide various deal tactics to the buyers. In the end, it will make sure that you will serve as your advantage.

• Real Estate Agent Saves Your Time

Showing your home to prospective buyers can be a lot of work. However, with the help of a sales agent, they can pre-screen and nominate serious buyers. With this, it can save your time and effort.

• Real Estate Agent Will Work For You and Not with the Buyer

A real estate agent will work hard for you to achieve the most significant transaction of your life. The sales agent will help you benefit the most when selling your precious home to others.

• Real Estate Agent Will Work on Legal Documents

A sales agent’s job is to make sure that the seller is comfortable from start to finish. When selling a home, there are tons of paperwork involved, which gives a seller real confusion and problem. 

Worry no more because a sales agent will guide you to all legal paper works. They can help you to process and protect yourself when selling your property.

Choosing the Right Real Estate Agent

A real estate agent will guide you from the until the hand-over of your property to the buyer. They can help you translate the market data inputs and convert them into profit when selling your home.

When choosing the right real estate agent, we recommend that you select a member of the National Association of Realtors and work as a Seller Specialist. On top of that, we want an all-around sales agent that can work in and out of your schedule.

Step #3. Checking the Right Price of your Home

 

Once you establish the right real estate agent to work with, it’s time to face the most crucial home selling process – checking the right price.

The price opinion of both real estate agents and the appraisers will be based using comparable sales. Ideally, they have to check the price value of your neighborhood within three to six months. When looking for similar sales, they need to look at several factors. It includes the following:

• Home condition
• The total area of your house
• Age of your house
• Location

Usually, the most vital feature in the real estate world is the location. When appraising your home, make sure to include home furniture and electrical appliances such as TV sets and aircon. It will surely boost the value of your home.

Your real estate agent will compute the market price of your house based on the guidelines mentioned above. Once they collect all the details, that’s when they will suggest the right price for your home.

How to Price Up Your Home

Pricing is crucial to the success of your home sale. If you set up the price too high, your future buyer might decline. Also, buyers might not even see your home online. That’s because most of the people use lower price points.

To avoid selling an overpriced house, make sure that you check out the market trends in your area. You may also 

Avoid the Desire to Overprice

Many reasons urge you to go overpriced when selling your home. But, boosting up your house price is not advisable. That’s because buyers will know right away if a house is overpriced or not.

To solve this problem, all you need to do is to hire a real estate agent. They will assist you at the right price for your home based on the current market price. Once you have a target price, it’s time for you to style your home to convince your future buyer.

Step #4. Prepare to Restyle Your Home

 

There are lots of details you need to check before listing your home in the market. Here are the things you need to check:

• Repair any Damage

It is your final moment to fix all the problems in your house. It can be bathroom pipe leakage, dirty living room walls, and faulty electric power.

Be careful; any significant plans that you’re going to do can affect your house’s total profit. Make sure to consult with the expert to select cheaper hardware materials. It can save you a lot without spending too much money.

• Prepare a General Cleaning to Your Home

Cleaning your entire home before you sell it provides an excellent impression to your buyer. You can sell various stuff that you don’t need anymore. Also, you need to clear out the closets. That’s because buyers might think that your house doesn’t have enough room for storage.

Also, you need to perform a similar cleaning treatment for other parts of your house. That place includes a garage, terrace, and laundry rooms. If you maintain a well-planned cleaning, it will make everything organized.

• Add a Cool and Exciting Style to Your Home

One of the best ways to attract buyers to purchase your house is to add a home decor. This process helps the buyer to visualize their future house easily. Here’s how to add more style to your home:

1. We recommend that you put fresh flowers to attract visitors to enter your room for the living room.
2. Install a patio outside your home. You can fix it in your backyard. It helps you to boost the value of your home.
3. If you have old furniture, try to replace them with new and bright colors. It will help you lift the excitement of your buyers.

Step #5. Sell Your Home 

 

Once you finish cleaning and styling your home, it’s time for you to sell it. First, you need to talk to your sales agent to start working on various sales strategies. 

How to Sell Your Home

Below are some marketing practices you can use to sell your home quickly:

1. Using Social Media

One of the fastest growing online communication is through social media. Various accounts such as Facebook, YouTube, and Instagram are helpful to post your home to the public. Using social media helps you to gain a lot of exposure for your home.

2. Yard Sign

A visible yard sign in front of your house can be helpful to attract curious home buyers. One of the best advantages of using a yard sign is that buyers can see your actual house.

3. Multiple Listing Service

Multiple listing service is the biggest tool in the world of real estate agents. They’re using a private database to find homes for the buyers. 

4. Using a Flyers

Your sales agent will create flyers to sell your home. It can be attached to a yard sign or electrical post to highlight the details of your home. It’s a perfect way to keep crucial information about your house to some buyers.

Prepare to Show Your Property

When it’s time for you to introduce your house to buyers, make sure it is 100% clean. You can hire a daily house cleaner to maintain a proper and organized home. 

Also, you can create a weekly cleaning work schedule. This process will make sure that everything is well-planned. 

Step # 6. Settle the Price with the Buyer

 

When selling your home, one vital step to complete the entire transaction is to negotiate the price to the buyer. In this case, your real estate agent will serve as your negotiator and work on your behalf. 

A sales agent provides everything you need to achieve your ideal price for your home.

Have Honest Expectations

When you’re in a negotiating status, it guides you to remain open and flexible. It includes honest and truthful expectations. You’ll rarely get everything you want in one go. So, think outside the box what you’re willing to stay in and want to give up.

Inform ahead to the buyers the correct flaws of your house. They must know the problems ahead of time rather than they will point out on their own. You can discuss these problems with your future buyer. If the problem is a major one, you can offer to reduce the total contract price.

How to Deal with Low Price Offer Professionally

Most of the time, you will get a price that is lower than what you expected. Here are the things you need to do to handle this kind of situation.

• Try to Understand the Buyer Side

Speak with your buyer about the price range of your house. If they offer a lower price, don’t take it personally. You may learn something crucial about their offer, even if you strongly disagree with the proposal.

• Arrange a Counteroffer

Check the buyer’s offer and work this with your expert agent. Try to look for something valuable to your house. Once you have the item, you can use it to support your first asking price.

• Arrange a Special Offer to Keep Your Original Price

Real estate agents know how to manipulate the buyers to say yes from your original price. For instance, they can offer the buyer a home warranty or free one-year annual fee for your village. 

Expert agents also offer some perks that are outside the box. For example, they can provide the buyer’s free tickets to other countries in exchange to accept the original price contract.

The longer it takes to sell your house, the less likely you can land at your ideal price. The process of negotiation when selling a home can be tricky. However, with the help of an expert real estate agent, you can achieve your success in no time.

Step #7. Closing the Deal

 

Having a sure buyer to your home is a significant milestone in your life. Once all settled, there is a final task you need to do to close the deal entirely. Below are lists of final steps you need to perform to have a successful home sale.

1. Perform the Inspection and Appraisal Action

The two vital steps to close a house deal are the appraisal and inspection process.

• Appraisal – It is an estimated market value of your house. It is ordered from the lender of your buyer during the loan process. 

It is usually performed by inspection of a licensed appraiser. They will check the value of your home based on the age, location, and upgrades you provided for the entire duration. Most of the time, the appraisal process comes with a lower value against the selling price. If that is the case, the seller and the buyer must agree with the appraiser’s quote to close the deal.

• Inspection – It is requested by the buyer to check the current status of the home. It includes:

• Structure of the house
• Power Source
• Air-Conditioning Unit
• Water System
• Roofing

The primary purpose of an inspection is to find out whether there is a significant problem in the house or not. In this way, the buyer can raise the concern immediately with the seller. The seller needs to repair all the problems before they can hand-over the property to the future owner. Here are other things you need to check before placing your home in the marketplace:

• Slow drains must need to be repaired to remove doubts about your house plumbing system.

• Make sure that the home your buying provides a fire exit. It is one of the best practices you need to check when buying a home. 

• Replace faulty electric wires and busted lights. It is an electrical hazard, so you need to solve the problem immediately.

• Clean the air filters of your air conditioning unit. Make sure that the safety features of your home are working correctly. It includes fire and smoke alarms.

2. Arrange the Important Papers

The next thing you need to do is to arrange all the required papers for contract signing. Here are the most typical paperwork that you need to prepare:

• The Title Work

The titleholder will review the title works to confirm that the unit is legal and doesn’t have any pending taxes.

• Loan Papers

Arrange all your papers related to mortgage and credits.

• Plans and Permits

If you perform extra work on your home, such as structural upgrades and expansion of houses. You need to submit plans and paper documents to ensure that everything is right and in the standard process.

• Property Survey

The buyer typically requests a property survey. It is done by showing the boundaries of your property and where to install fences. 

You can request this upon handing over the unit. If not available, you can reach through your local engineering office to get a copy of the master list.

3. Close the Deal

When it’s time to close the deal, you need to make sure to bring a photo ID. Sign all the paperwork required to transfer the ownership of your house. 

4. Final Steps After Closing the Deal

After getting through the closing part of your property, it’s time for you to check your home for the last time. Here are the final things you need to do:

• Replace your address form to the post office.

• Close all your home utility payments

• Inform your home insurance agent to cancel your policy immediately.

• Close all the curtains and blinds, switch off your electric supplies, and lock the door on your way out.

• Before you leave, make sure to write a simple letter to the new owner of your house. Write a simple message of saying, ” thank you for taking care of my home.”

• Once you lock on your main door, take a final photo of your precious house. It will always have a place in your heart. 

Close all your to-do list and get ready to start the new chapter of your life. 

Step #8. Celebrate Your Sale with Your Friends and Loved Ones

 

Once you officially sell your house, it’s time for you to celebrate all your hard work with your friends and loved ones. Selling a home is not an easy task, especially if this is your first time selling a property. It is one of the best achievements in life that is worth celebrating.

Final Thoughts

Selling your house is a great and fun experience. Although you’re going to sell one of your best assets in life, you can purchase a new and better one. 

Also, you can get lots of profit from selling your property. That’s because any residential real estate will increase its value every year. The best thing you need to do is hire a real estate agent to maximize the full benefits of your property. 

So, start applying all the eight steps mentioned above to sell your house effectively. Lastly, don’t forget the importance of a professional agent. They will guide you from the start of your journey up to the day you sell your house to your future buyer.

Investing in a property like a house is a big decision. Consider all the options you have to make the best home sale.