If you are planning on selling your home, this is the only guide you may want to rely on. We will be discussing how you can sell it using tips and tricks provided by real estate experts. We will also discuss the challenges that go along with them.
If you are looking to work with a realtor, you can check out Teifke Real Estate. If you need the home off your hands and fast, they can even buy the house themselves. For more information, you can visit their site here: https://www.teifkerealestate.com/we-buy-houses-austin/.
Let’s take an in-depth look at this guide so you can make the necessary steps to sell your home and move on with your life.
Be sure to tie any loose ends
It’s always a good idea to tie a few loose ends. First, it may be a good idea to check to see if you are caught up on your property taxes. Pay off any delinquent taxes you may have.
Also, you’ll want to check on the home’s value as is. This will help you make some presale decisions. It would be a good idea to hire a home inspector to see if there are any repairs that need to be done.
If there are some cosmetic changes to be made (and small ones at that), you may opt to deal with them yourself or find a buyer that will be willing to do it themselves. This will depend on how soon you want to sell the house and move out.
If you choose to renovate, this can up your home’s value and allow you to sell at a higher price point. Consider how much money you’ll have left over after the sale ends. You may not get the listing price you want.
Find a real estate agent you can trust
A real estate agent with your best interests at heart will be someone you can trust. Sure, they’ll earn a commission for the sale. But they won’t be in a rush to find a buyer so they can run off with that money.
You’ll want to work with an agent that will help you set things up. This includes taking pictures, setting up the listing online, promoting it and more. As mentioned, some realtors may even purchase the home, even in as is condition.
Depending on your needs and preferences, you’ll want to work with a realtor that will help make it easier. Whether you are in a rush or not, it’s good to plan ahead and find one that fits you best.
Setting the price
Once you have everything set and ready to go, it’s time to set the price. This should be based on several factors. You’ll want to take a look at the data based on the properties that were sold closest to you.
You’ll notice a trend in terms of prices and you might be thinking about setting the price that may be slightly lower or higher. If the price is too high (which is a common mistake among sellers), then there’s a chance that they will lower the price multiple times until there are interested buyers. So make sure you do your due diligence on the local market and the specific neighborhood before making the ultimate decision to name a price.
Show the house to interested buyers
You can do this or the realtor will do it on your behalf. Either way, this process is part of it all. You may get to know the home owners and find out why they may be interested in buying.
Your agent should be at the showing so they can answer questions the buyer may have (but don’t have the answers to). It’s always a good idea to have someone at your side that is familiar with the buying and selling process.
You may show it to a couple looking to purchase and want to start a new chapter in their lives. Or you may have many interested buyers to the point where you’re doing showings a few times per week. Either way, it may be a good idea to plan ahead in case it happens.
Your agent may hold open houses when you both are not present at home. Or it can be set to where showings can be done on the weekends until the home is sold.
Review and negotiate
At this point, you might have offers lined up. This may be a difficult task if you have multiple numbers of them. You can either do one of three things to each: accept, counter, or reject.
What you need to understand here is that if the market is competitive and leans towards the favor of sellers, you may have buyers that will ask at the listing price or higher. Otherwise, you may get lower bids assuming the market is in the buyer’s favor.
Before you sell, decide which direction the pendulum is swinging. Is it a buyer’s or seller’s market? This will help you prepare for the offers you might be expecting.
In the event of a counteroffer, you want to negotiate on the price and terms. These should be done in writing and should be addressed within 48 hours or less. You can throw in something to sweeten the deal such as providing them credit should they plan on doing some DIY to the place.
At the end of the day, your decision will come down to what the best offer is. This can be the form of payment, how much they are paying down, the type of financing, proposed closing date, and more.
Final Thoughts
If you are planning on purchasing a home, you may be considering these tips and tricks above. It may be a good idea to decide on which offer will be the better option for you (if there are multiple amounts). We hope this guide has been helpful and you finally get a buyer that deserves to purchase your home.
