Thinking of selling your home but not sure where to start?
Selling a home can seem like an overwhelming process. There are so many steps – how do you know what to do first to get the ball rolling in the right direction?
Before listing your home, it’s a great idea to sit down and think through your goals and outline a few key steps to ensure the process – and the outcome—go according to plan.
By developing a big-picture framework now, you’ll have a blueprint to help you navigate through the process. Your trusted real estate agent will help fill in the details of your action plan and help ensure you have smooth sailing for your selling journey. To get you started, we’ve outlined a few key steps below.
Process for Selling Your Home
1. Get your Ducks in a Row
No, we’re not talking about an arcade game. We’re talking about a game plan for selling your home. Having a solid game plan will help you organize your activities to achieve your desired home selling goals.
For example, think about the finances. What repairs need to be made, how much money do you have available, how much does it cost to sell a home?
What about your timeline? How long do you want to wait to sell your home? Do you want to sell property fast or can you afford to sit tight and wait for the perfect deal (hint – there is no such thing!).
And have you decided yet if you want to sell first and buy later or buy a new house first and sell later? This is the time to decide! It is always easier to buy first and then move later, so you don’t have to live in your home (and keep it perfect) while you are selling it. But, most people can’t afford to have two mortgages and/or are unwilling to take the risk. Take your time. Sit with your realtor and mortgage provider and find out what works for you and come up with a blueprint for your action plan.
2. Choose the Best Real Estate Partner for Your Home Team
Your real estate agent will be a wealth of real estate knowledge and experience. They are experts when it comes to highlighting the most lucrative opportunities as well as potential areas to maximize your home’s potential. They will also be your front line soldier to deal with the different temperaments of various buyers and making sure that you close the best deal for your home.
And that is not all!
Good real estate agents bring a considerable amount of value to your home. As this article points out, homeowners, who use agents to sell their home, typically close 25% higher than the homes that are sold without an agent. So why choose the losing side? Hire a reliable agent (Hint: the ones listed in the D Magazine “Best Realtors in Texas,” and Texas Monthly could be of help) and tap into their reserves of experience and expertise to ensure your selling journey results in the best outcome. An experienced agent can save you from making improvements or repairs that are not necessary, as well as helping you focus on what must be done to maximize your return on the sale of your home.
3. Fraternizing with the Finances
Ah, handling finances–the topic everyone dreads. When you are setting the price of your home, being off-the-mark has unfavorable consequences for you. If you set the price of your home too high, you will scare away potentially valuable buyers who might not even come see your home. Or worse, they will come see your home and decide a better-priced home down the road has more appeal.
Like Goldilocks, just right is what you need to aim for. And a real estate agent is an expert at solving your pricing dilemmas. Professional real estate agents have a very good idea about the current trend in the market, as well as the pricing range of the neighborhood homes They will guide you better and help you strike the perfect balance in the pricing of your home.
As a side bar, don’t look at pricing estimates at web sites online as they are often very far off, either too high or too low. As these sites are rarely correct, you will only set yourself up for disappointment in the end.
If you’re looking for more help regarding selling, here is a great guide to answer some of your most pressing concerns. You can also contact the Judi Wright Team for further help. We’ll be happy to answer your queries.
About the Judi Wright Team
Judi Wright/The Judi Wright Team is a real estate group specializing in the suburbs of Frisco, Plano, and surrounding areas. Named the “Best Realtor in Dallas,” by D Magazine eleven times and a Five Star Realtor with Texas Monthly, Judi is also a Company-Wide Top performer with Ebby Halliday and the #1 Top Small Group for Ebby Halliday Frisco.