Every homeowner eventually comes to realize, “I am not the same person I was when I bought this place.” Perhaps your lifestyle or family composition has changed, or perhaps the house is no longer as enticing as it was when you signed that ream of paperwork on closing day.
If you’re thinking about moving on, there are a few questions you should ask yourself before listing the house. When you can answer these questions, you’ll know you’re emotionally and financially prepared to move on to your next area.
What is my home really worth?
On the internet, you can find practically anything, even an estimate of the value of your home. What a time saver! But, before you attempt to determine the value of your home on your own, take a deep breath and commit to remember one thing: “I shouldn’t believe everything I read on the internet.” An automatic estimate may be correct, but those algorithms are based on numbers that may or may not be true, such as the condition of your house, square footage, any features or amenities you’ve added (or removed), and recent sales of properties nearby that may be comparable to your own.
How can I sell at the highest price possible?
When selling anything, you want to earn fair market value for the object you’re releasing, and this is especially true for your home, which is most likely the most expensive purchase you’ve ever made.
If you know your neighbor’s house sold for 10 figures more than the highest estimate you’ve seen for your own, it can be difficult to accept. But this is where real estate professionals really shine — they can explain why that house was so desirable (for example, if you’re honest with yourself, you might admit that your neighbor’s view is far superior to yours), and they can also show you where you do have some room for (price) improvement.
Real estate agents are also familiar with home stagers and photographers. When a buyer falls in love with your property, it’s most likely because of an internet listing, so make your listing images as high-quality as possible — this could entail hiring a stager to freshen up the rooms and a photographer to record the effects.
Another Blog to Read: Are Home Inspections Worth It?
How long will my home be on the market?
No one can predict the future, but industry experts can typically get close. If you haven’t already phoned an agent, you may need to do so in order to obtain the information you’ll need to answer this question. It ultimately depends on the state of the housing market in your area, but there are many anomalies within a housing market — even in markets that appear to be hot, sometimes sellers make a mistake and overprice a home, which then sits on the market for weeks or even months longer than more realistically priced homes. And there are other communities, or even entire blocks, where purchasers appear to be willing to go to great lengths to get their foot in the door. Even in markets where houses appear to be flying off the shelves, it’s a good idea to speak with someone who witnesses those sales up close and personal every day. They can provide you with an accurate estimate of how long it should take your property to go from list to close.
How can a Real Estate Professional help?
Selling a home is a major life event that affects almost every part of your life, from your meals to your job schedule to how frequently you wash laundry and vacuum up pet hair. It may be a very stressful moment, and a real estate professional can assist sellers make the best decisions possible while keeping track of all the details.
A skilled real estate expert will assist you in determining the optimum price for your home, will list it on the MLS for you, and will manage everything marketing – from photos to open houses to glossy brochures to Facebook ads. A skilled real estate broker can also help you do all of this while looking for a new place to live and managing it all — including what to do if you locate a home before your present one sells.
Selling a home may appear to be as simple as placing it on the MLS and waiting for an appropriate offer — but there is so much more involved that most sellers are unable to manage it on their own. Answering these questions will get you started, but don’t forget to chat to an agent or three when you’re ready to list your home; they’ll be able to point out things you didn’t even realize you were missing.