Wednesday , April 14 2021
selling a house

The Home Selling Process: A Basic Guide

Selling a house can be a complex, tedious process. However, it helps if you know more about selling a home beforehand. For example, there are multiple ways to sell your house.

You can sell your house on your own, with a real estate agent, or to a cash home buyer. But what about preparing your house and listing it for sale? How do you know what your home is worth?

We’re here to answer your questions. Keep reading for our home selling process checklist.

Prepping Your House for the Market

When selling a house traditionally, you’ll most likely want to take adequate steps to make it stand out to buyers. Typically, this includes making repairs, updates, and other renovations.

Start by hiring a home inspector. They will come to your property and assess its condition, noting any damages or issues. Based on the results, you can make the necessary repairs/updates.

If you don’t have the time or money to make repairs, check out www.homebuyersacadiana.com. These cash home buyers will buy your house in any condition. If you need to sell your house quickly, you won’t have to worry about making costly and time-consuming renovations.

Valuing Your Home

A crucial step in the home selling process is determining your home’s value. If you’re selling a house that’s been priced way too high, most buyers won’t look twice at the listing. Conversely, if you’ve listed your house for too little, it will sell fast but you’ll lose out on the deal.

Instead, do a comparative market analysis and get an official home appraisal. Then, you can decide how to price your home.

Listing Your House for Sale

Once your house is prepared and you know its value, you can list it on the market. Once again, you can list it on your own or hire a realtor.

A realtor will likely charge 3% of the sale price of your home for their commission. However, they bring a lot of valuable insight, experience, and connections to the table. They can help you sell your house quickly and for more money (most of the time).

Negotiating With Buyers

Once your house is on the market, expect to start getting offers. This part of the home selling process can be both exciting and frustrating.

You’ll likely get some upsettingly low offers. Don’t get upset, it’s just what buyers do. They want to see how much they can get away with.

Be flexible, but don’t cave to offers that are too low. Additionally, learn what other bargaining chips you possess. You can also negotiate with realtor fees, closing costs, furniture, appliances, decor, window treatments, and more.

Closing

Finally, learning how to sell a house means learning how to be patient. Even after you and the buyer agree on terms, the closing process can take another six weeks (if not longer).

During this time, if anything in the buyer’s financial status changes, the sale can fall through. This includes getting a new job, spending money on a credit card, taking out a small loan, etc.

If you’re looking for an expedited sale, including the closing process, consider going with a cash home buyer. They will give you an offer within a couple of days. If you accept their offer, you can close on the house in as little as one or two weeks.

Looking for More Insight on the Home Selling Process?

How long does it take to sell a home? Well, ultimately, it depends on how you sell it and who you sell it to. The home selling process can be as quick and simple as you want it to be.

However, if you’re looking to make the most amount of money possible, you’ll want to make repairs, updates, and take your time. And if you’re looking for more valuable lifestyle tips, check out some of our other articles. Our blog is a hub of information for readers like you.

Check Also

selling a house

4 Advantages of Selling a House for Cash

There are several reasons to sell a house. You could be moving to a new …