6 Steps to Selling a House
You’ve decided to move on to the next chapter of your life and sell your house. Before you drop a for sale sign in the front yard, take some time to plan ahead for the adventure. What you don’t know can cost you time and money during the home selling process. Increase your knowledge and chances for a less stressful experience by checking out these 6 steps to selling a house. Step 1 – Real Estate Agent
Don’t let the temptation of selling your own home rob you of money and cause your home to stay on the marker longer than it should. If you try to manage the transaction without the help of a real estate agent, you may run into unnecessary bumps in the road. A professional real estate agent has years of experience and strong negotiation skills. These are needed when you’re hoping to sell your house as quickly as possible for the most return on your investment.
Step 2 – Show Ready
You may be familiar with the idea of staging a house for sale if you’ve ever watched a real estate show on television. You want to create a showroom look for your home that allows potential home buyers to see themselves living in your house. Repair broken systems, replace worn items, and do a deep cleaning before you get started. Remove all personal photographs and collections. Pack away weapons, controversial items, and valuable possessions. Keep your house tidy and ready for visitors at a moment’s notice.
Step 3 – Asking Price
There are two different price terms you’ll hear as you move through the home selling process. The asking price is the amount you are hoping to receive from the sale of your property. The selling price is the amount that a buyer is willing to pay for your house. When it comes down to the wire, you want these two amounts to match as closely as possible. In order to do this, you’ll want to set the asking price competitively from the start. Your real estate agent determines the value of the property based on a number of factors that include other houses sold in the neighborhood, improvements you’ve made, and the current market. You set the actual asking price, but it’s a good idea to listen to their advice.
Step 4 – Marketing
Your real estate agent will have a solid plan for marketing your house. While some people may drive by and see a sign in your yard, there are countless other ways to reach potential home buyers. More people use their phones, tablets, and home computers to access home listings through the MLS on real estate websites. You want to make sure your house stands out among the others. Good photographs are key, and your real estate agent will have access to resources for getting these done.
Step 5 – Inspections and Contracts
A home buyer will submit an offer when they are seriously interested in purchasing your house. Once you accept this offer, there are several things that will take place. There will be a Purchase and Sale Agreement between you and the buyer that lists any conditions and requirements for the sale. Several inspections will be arranged and may include property inspection, pest inspection, and systems inspection. If an inspection shows something isn’t quite right with the house, you may need to renegotiate terms with the buyer. Your real estate agent will be with you every step of the way. You can depend on them to have your best interests in mind as they work on your behalf.
Step 6 – Closing Time
The escrow period begins once all inspections are complete and closing day is approaching. All paperwork will be completed at this time. On closing day, final paperwork is signed and the buyer will pay all the fees they’ve agreed to be responsible for during the closing. At the end of this part of the process, the house will become property of the new owner.
Your real estate agent is the best source of information about the local area, buying a home, and selling a house. Give Arminé Ghevian a call today at (818) 389-4465 to ask questions about the real estate market, discuss selling your house, or to tour available homes for sale in the Los Angeles area.