Sell your home fast in a ​top dollar

How To Sell Your House: 10 Steps

Hire A Listing Agent

Decide On A List Price

Understand How Long It Will ​Take To Sell

Unless you want to learn how ​to sell a house by owner, your ​home selling journey will likely ​begin by finding a seller’s ​agent, or listing agent, who is ​familiar with your local market. ​Although they wear several ​hats, listing agents are ​responsible for representing ​the seller in a real estate ​transaction. That includes ​advertising the property, ​creating listings and ​researching pricing using ​comparative market analysis.

With your agent at your side, it’s time to ​research the market and make a few important ​decisions about your home sale. Most ​importantly, you’ll want to determine the right ​list price.

The list price, or asking price, represents the ​amount you as the seller want a buyer to pay ​for your home. An effective asking price ​considers several factors in the final sum, such ​as the state of the market in your area, the ​condition of the property and seasonality. For ​the most part, the comparative analysis your ​agent conducts will help you understand how ​much similar homes in the area are going for, ​and what you can reasonably expect to sell.

Similar to buying a house, the home ​selling process doesn’t happen ​overnight. However, knowing how ​long it takes to sell a house can help ​you set the right expectations and ​keep the sale moving as quickly as ​possible

Although the timeline for selling a ​house is partly outside of your ​control, there are some tactics you ​can use to make your home more ​attractive to buyers.

Renovate, Repair And Stage The ​Home

One of the most common questions first-time home ​sellers have is, “Should I renovate my home before ​selling?” The answer to which depends on a few factors.

Renovations not only make a home look more enticing to ​potential buyers, but the right improvements can also ​increase your home value. However, not all renovation ​projects are worth the cost, time and effort they’ll take to ​complete Your real estate agent should be able to advise ​you on the top areas of focus that will help your property ​attract the best bid.

Now that your home is in good ​shape, you’re ready to list the ​home and attract buyers. The ​real estate firm or agent who ​represents you is responsible ​for this step. Once they’ve ​shared your home on the ​multiple listing service (MLS) – ​which is a database of every ​home currently for sale in the ​area – buyer’s agents will be ​able to view your property and ​some basic property details.

Neighborhood

List The Home

How To Sell Your House: 10 Steps

Advertising your home for sale helps ​your listing reach the right buyers and ​put you in the best position when it ​comes time to accept an offer. Even if ​you haven’t sold a house before, you’re ​likely familiar with open houses, “For ​Sale” signs in the front yard and other ​traditional marketing tactics.

Market Online And Offline

With the right marketing strategy in place, you should ​begin to see offers roll in. Next, you’ll have to choose the ​right buyer and offer.

For many sellers, choosing which offer to accept is ​pretty simple, with the home usually going to the ​highest bidder.

But there are a few other factors you should weigh ​beyond price.

• Are there any cash offers on the table?
  
• Or, is the buyer applying for a loan, and do they ​have a preapproval or just a prequalification?
  
• Is the buyer’s offer attached to any contingencies, ​and what contingencies are they willing to waive?
  
• Do the buyer’s proposed negotiations align with ​what you need from the deal?
  

Settle On A Final Offer

Anticipate The Costs Of Selling

Selling comes with a number of expenses that you’re ​responsible for paying. Here are the main costs of selling ​a house to keep in mind.

Closing Costs

Although buyers and sellers pay different fees at closing, both parties are ​responsible for closing costs as they finalize the transaction. Closing costs ​for the seller usually include attorney fees, escrow fees, outstanding HOA ​fees and property taxes up to the official closing date.

Capital Gains Tax

If your home has increased in value more than $250,000 from the time you ​purchased the home (your real estate cost basis) to the time of your home ​sale, you should also keep the capital gains tax on your radar. Essentially, a ​capital gains tax is an expense you would pay on any asset that has ​appreciated in value. Many sellers will be exempt from paying a capital ​gains tax, though this does depend on your unique situation.

Moving Expenses

Even if you plan to recruit friends and family to help move you out, there’s a ​good chance that moving out of your home will cost you something. If the ​timing’s right and you can buy and sell a home at the same time, you can ​have your movers move everything in one fell swoop. But if there’s time ​between when you buy and when you sell, you’ll also need to budget in the ​costs of storing and relocating your belongings.

How To Sell Your House: 10 Steps

Assemble Your Documentation

Closing on the sale comes with ​its fair share of paperwork, and ​it’s never a bad idea to begin ​preparing the documents that ​you’ll need to provide or sign.

Seller’s Disclosure

Closing Disclosure

Deed and transfer documents

Government ID

Close On The Sale

With the rest of the process checked off, you’re ready for the final step – closing on the home. ​For home buyers, closing means attending the closing date. Sellers, on the other hand, are not ​always required to attend their closings. If you’ve already signed the necessary paperwork, ​certain states allow your attorney to represent your side of the transaction in your absence.

For sellers who have the opportunity, skipping out on the table closing presents both pros and ​cons. Sellers who don’t attend can avoid the risk of any final conflicts with the buyer, but some ​attorneys or agents may prefer for you to attend regardless.

In the event that you do not attend, your attorney or agent should be granted power of ​attorney to sign any remaining documents on your behalf. Keep in mind that you may be ​required to attend closing if you’re planning on renting the house from the buyer through a ​rent-back agreement.

With closing completed on both the buyer’s and seller’s ends, you’ve successfully sold your ​home to its new owner.

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Consultation to learn more about

Tyyanna Sharp

Realtor

prettysharpagent@gmail.com