Selling your home is a complex, multi-step process that calls for the expertise of a REALTOR. There are many things you will need to consider, and to help you through it, here’s general overview on what to expect and prepare.
Get Your Finances in Order
Don’t worry if you’re still paying off your mortgage, there are several options depending on what type of mortgage you have. However, you will need to talk to your lender before you can proceed.
Meet With a REALTOR
It’s important to partner with a REALTOR you feel comfortable with. Don’t fall for the trap of partnering with the first REALTOR who suggests the highest asking price. Shop around. A good REALTOR can help you price your home to sell, answer questions like “When is a good time to sell?” and has in-depth knowledge of the market.
Start your search for a reputable REALTOR, by checking if family and friends have a preferred REALTOR or search online for the most visible professional one. Visit your local real estate office; pay attention to advertisements and For Sale signs.
Listing Your Home
Pricing your home too low or too high is not an option. Setting a fair price will attract more potential Buyers and give your home more exposure. Your REALTOR should be able to explain to you the multiple factors influencing pricing, including competitive pricing, current market stats, and of course the estimated value of your home.
Marketing and Promotion
The next step will be to sign a Listing Agreement, which gives your REALTOR permission to post your property on MLS (Multiple Listing Service). They will then begin to market your home through a variety of mediums – digital and traditional – and inform other REALTORS (representing Buyers) that your property is on the market. Your REALTOR can also help you prepare you home for staging.