Selling a home can be a stressful experience, no matter how prepared you are. However, there are certain steps to selling a house that can minimize your stress, and hopefully, how many days your house sits on the market.
Most home sells within a matter of months. However, it’s not uncommon, under the right conditions, for a home to sell the first day it’s on the market.
While we won’t make any guarantees about how quickly you’ll sell your house, we will do everything we can to help it sell faster. Keep reading for a quick guide on the key steps to successfully selling a house.
Identify Your Home’s Value
First, you need to understand home value as it stands in accordance with the current market. For example, during a seller’s market, there are fewer homes for sale and plenty of serious buyers. During a seller’s market, home sellers can ask more for their homes.
If the current housing market is a buyer’s market, it means your house is one of many available homes for sale and there aren’t many buyers. This can make it incredibly difficult to sell your home and likely means it will sell for less.
To find your home’s value, you can do several things. First, consider hiring a home appraiser, which might be necessary anyway for the selling process. Additionally, you can:
- Use a house price index calculator through the FHFA
- Get a comparative market analysis
- Find valuation tools online
Regardless, you need to make sure you know the relative value of your home before listing it. Listing it too high could scare away interested buyers. Listing it too low could mean losing out on thousands of dollars in revenue.
Do Your Best to Declutter and Depersonalize the Home
One of the most important steps to selling a house is to make it more inviting to potential buyers. This means decluttering and depersonalizing the home as much as possible. When a buyer feels your presence in the home, it makes it more difficult for them to imagine themselves living there and making it their home.
To sell a house even faster, we recommend moving out if possible. Then, you can get everything out of the house, including you, your family, and any pets you might have. This will make it much easier to keep the house clean for walkthroughs.
Hire an Experienced Real Estate Agent
Many people go back and forth on whether or not they want a realtor. While most realtors charge a 3% commission fee, you’re likely to earn tens of thousands of dollars more by hiring one.
This is because real estate agents know the market and understand how to add value to a home. For example, they can advise you on simple and inexpensive updates that will make your home feel fresher, newer, and cleaner. Just as importantly, they have experience negotiating with buyers and know how to get sellers a fair price for their homes.
Get a Home Inspection
Most often, when a buyer places an offer on a house, they will hire a home inspector to give the place a thorough evaluation. However, if you’re looking to sell a house quickly and without stress, it might be wise to have your home inspected before putting it on the market. This is one of the optional, yet beneficial steps to selling a house.
Getting a home inspection done first will alert you to any potential issues with your home that could prevent you from selling it. Additionally, if a buyer sees “red flag” issues in an inspection report, it could scare them away or urge them to negotiate for a lower price.
Decide Which Repairs and Renovations to Make
After you get the inspection results back, you need to decide if you’re going to make any repairs to the house. There are several home maintenance upgrades you can do to improve your home value. The good news is, not all of them are expensive.
For example, a fresh coat of paint throughout the house, new hardware like drawer pulls and cabinet handles, and repaired drywall can go a long way.
However, if there are any major issues, like roof leaks, water damage, negative drainage, or mold, you might need to spend some money making the necessary repairs before you can sell your house.
Your realtor will be able to advise you on the best path based on your selling goals and timeline.
Deep Clean the House
Once all the construction stuff is taken care of, you need to start perfecting the visual appeal of the house. Spend at least a week thoroughly cleaning the house from top to bottom.
This is one of the most important steps in selling a house. If you don’t have time or the ability to clean the house adequately, invest in a residential cleaning service.
The cleaner your house is, the more inviting it will feel to potential buyers. Conversely, stains on the carpet, signs of pets, and odors in the kitchen and bathroom will turn buyers away.
Perfecting the appearance of your home includes maximizing your curb appeal. Make sure the grass and all other vegetation are trimmed and clean. Additionally, clear off all walkways remove any clutter or garbage from your property.
Market Your Listing
Now that the house is ready for buyers, it’s time to list it. Your realtor has various methods of marketing your home and has access to MLS (multiple listing services). Most likely, it will be through their connections that you find a buyer.
However, you should also put up a for-sale sign in your yard, list your home on your personal social media accounts, and more. The more visible your listing is, the better.
Close the Sale
The final steps to selling a house involve the closing process. After you agree to an offer with a buyer, both parties sign a contract. If you’ve lived in your home for at least two of the last five years, you shouldn’t have to worry about any taxes on selling a house.
However, be warned that closing on a house usually takes six weeks or longer. During this time, the sale can fall through if:
- The buyer randomly backs out (but they will forfeit their earnest money)
- The buyer is disqualified during the underwriting process (by getting a new job, taking out a loan, spending too much money on a credit card, etc.)
- Something is uncovered in the buyer’s financial history that disqualifies them
Fortunately, most sales go through without any major issues. You simply have to be patient.
Need Any Help with the Steps for Selling Your House?
Are you ready to sell your home? If so, follow the steps to selling your house listed above to expedite the process and get as much money as possible.
However, if you need help with any of the steps, we’re here for you. Contact us today to talk with a real estate expert. We can guide you on preparing your house for the market, listing your house, and negotiating with buyers.
We look forward to hearing from you!