Tips and Steps to Selling a House!
It’s always smart to prepare a home selling plan before you start making repairs or marking a date on your calendar for an open house. Prepare your property, making repairs if necessary. Interview real estate agents and be open to suggestions for a listing price.
Of course, you want the most money you can possibly get for the property, but that might not happen if you make costly home selling mistakes along the way.
What’s Your Motivation for Selling?
Explore your reasons for selling. Maybe this isn’t the ideal time for you to sell if you aren’t really committed. Maybe the current market isn’t ideal.
Try comparing the pros and cons—staying a while longer versus selling right now—in a written list to determine if you’re making the right move. Talk to trusted professionals and gather opinions.
Call Real Estate Agents
Interview real estate agents and talk to at least three neighborhood specialists. Ask each listing agent to present a comprehensive marketing plan that explains what he’ll do to market your home. Ask the agents to prepare comparative market analyses for you so you have an idea of home values in your area.
How Should you Prepare Your Home for Sale?
Compare suggestions and consider accepting the most sound advice, but you’ll generally want to remove any bulky, excess, or worn out furniture. Stick extra stuff in the garage or in a private storage unit, or just throw it out if it’s in really bad shape. Give the place a good cleaning. Hire a professional if necessary.
Should You Make Repairs Before Selling?
Not all resale repairs will pay off, so calculate the potential return on your investment if you’re tempted to spend money on just prettying things up. Kitchen and bathroom improvements tend to provide the best returns. Ask for professional guidance or you might spend more on things you really don’t need to “fix.”
Although you don’t want to spend a lot of money making improvements, you do want to repair obvious maintenance issues.
Tip: You might consider investing a few hundred dollars in a home inspection before you list your home so you’ll know upfront if your property has any structural, must-repair problems.
How Should You Price Your Home?
Don’t select an agent based on the sales price she suggests. Some will try to overbid each other to get the listing. And do not overprice.
Homes that are overpriced often sell for less than market value…if they sell at all. Would you want to pay EGP 250,000 more for a similar home in the same neighborhood?
Review those comparative market analyses you asked for, and look into other nearby homes that are on the market. You might even consider getting a professional appraisal so you have a firm, unbiased opinion as to what your home is really worth.
Compare Net Profits
Many agents will prepare two net sheets for sellers, one with a low price and one with a high price. This way, sellers can be prepared for the worst and hope for the best. If the lowest net price will allow you to buy the new home you want, it’s time to find financing and get preapproved.