5 Steps to Effectively Market Your Home

Many people who want to sell their home dream of a stress-free sell where they only have to list their home, find a qualified buyer quickly, collect money and hand over the keys. This is just but a dream, selling a home involves several steps some you’re in control of while others aren’t in your hands. Here is a list of five steps to effectively market and sell your home.

  1. Recognize that Every Market is Different.

You can’t compare your town with what is happening miles away. Price your home around the average selling price in the neighborhood. Putting your home on market with $25,000 more than the average selling price is not going to sell. If the home is next to social amenities such as schools the price can be a little higher due to its great demand. To price your home accordingly you get an idea on how homes around you are selling.

  1. Inspection.

Before calling a real estate agent, inspect your home. Fix all the issues the inspector is going to identify. Repairs and other home prep works fasten the selling process. By the time you list your home for selling it will be drama-free hence attracting many buyers.

  1. Spruce Up Your Space

Prepare your home to receive another owner. Remove all your stuff from the house, this gives the prospective buyers a chance to imagine their stuff in your home. Clear the shelves, tuck away cords and wires and tidy up your outdoor space. You can lose a chance to negotiate if your home isn’t appealing. Lush landscaping, clean entryway, and clean walls can make your home stand out.

  1. Professional Photographs

After your home is ready and sparkling schedule for a photo shoot. Look for a professional photographer who has a good portfolio and knows how to make rooms appear brighter, bigger and more attractive. The photographer should use drones to capture the aerial view of the home. Attractive photographs will attract more buyers while dim photos will turn them away.

  1. Hire an Agent

Many homeowners are tempted to avoid broker fees by going for a real estate agent instead of selling their home themselves. In most cases, the agent will ask for 6% of the selling price. Avoiding brokers limits how much your home is exposed to the broadest. If you’re not an experienced seller you may end up breaking laws. Go for an agent who’s in the neighborhood day in day out and an agent who is active. Don’t go for an agent with more listings but few sales.

 

What Happens After You Accept an Offer on Your House

The home ownership process can be very difficult, but you’ve managed to make it through the home owner process. You’ve passed the lengthy credit worthiness test, you secured a down payment, and you’ve selected the home of your dreams. Many people have went down the same road that you’re on, but very few people have been able to make it this far. It’s not an easy process when you’re trying to qualify for a home loan. Your family is one step closer to moving into their new home, and you’re proud of your accomplishment. However, as the seller, what really happens after you accept an offer for a house?

You’ve Accepted an Offer on a Home, Now What?

According to the US News & Home Report, it’s not easy sitting around waiting for potential home buyers. In fact, some seller’s sit dubiously waiting for their house to be sold and to get the best asking price. You’re listing price only provides the expectations of what you’re asking for by giving the buyer insight. The value on the property and the renovations isn’t included in the asking price or the offer for the home. However, some seller’s will agree to make repairs on the home as conditions on any offer that’s made to buy their house.

After establishing an offer, the seller will set a deadline for the down payment to be made. You should weigh the home value to see how much you need to pay off your mortgage on the home. If you no longer owe a mortgage, you can accept an offer that will help you purchase a new home (if that’s what you want). When you both have reached a price that you can agree on, the seller can move on with the deal. The seller should always keep the buyers preferences in mind.

At this point, it’s time to sign the documents that will indicate intent to buy the home. You will establish a closing date (this is the time for the buyer to make note of any potential repairs or renovations). However, just because you’ve signed the paperwork doesn’t mean the deal will go through. Due diligence has specific laws in every state that will allow the buyer to back out of the deal. More importantly, if the buyer wasn’t honest about their finances, has bad credit, or something comes up on their report, it will cause the seller to back out of the deal and the house will end up back on the market.