If you’re planning to sell your house in the near future, brace yourself. The real estate market has undergone tremendous change over the past few years and today’s buyers are demanding. The modern home buyer is well versed with market dynamics and data and wants to see houses on their own schedule. Here are a few tips to bear in mind when planning to sell your house.
Planning to Sell Your House
When it comes to selling your house, you’re going to want to have a plan in place. You’ll want to market your home, as well as talk with your agent. Make sure to fix what is broken in your home, and do you research on the housing market. You don’t want to price your home too high, or too low. Below is a breakdown to help you plan out selling your home.
Sell Before You Buy
Sell first before buying. Most sellers are torn between selling their home first, or after they’ve purchased a new home. However, you’re better off selling before you buy because the last thing you want is to pay two mortgages at the same time. You don’t want to try to buy a new place with the contingency that you have to sell your old house first. If you have already purchased a home and are trying to sell your current one, we can purchase your home at a fair price to help eliminate having two mortgages.
Market Your Home
Don’t list your home and just wait for the buyers to come knocking. Today’s buyers expect everything from video walk-throughs to perfect floor plans and photos. As such, you want an agent who can develop a comprehensive marketing plan, including social media. Buyers are doing so much research, checking out listing online and weeding out properties before they see them.
Explore Using an Agent or Homebuyer Company
Be sure to test your agent’s potential bargaining skills. You want someone you can trust to negotiate the best price for you. This way you can trust they can provide you with the best deal, as they will essentially be talking to buyers on your behalf. If you do not want to go with an agent, you can always explore options with Homebuyer companies. This is a great way to ensure you get a fair price for your home, and sell it quickly. Going the homebuyer route can prevent your home potentially sitting on the market for an extended period of time.
Don’t “Test” The Market
Do your research before listing your home to ensure you’ve priced it right. Pricing too high out of the gate may mean more time on the market, and potentially cause you to cut the price to less than the estimated value. Moreover, if you end up cutting the price, buyers get the notion that you’ll come down more, which makes your home stay on the market even longer than it should. One of the best ways to arrive at a price is to ask your agent to show you several comparable properties that are pending, active and recently sold that reflect the current market.
Fix What’s Broken
Before listing your house, it’s advisable to get a home inspection and fix any problems with the house. Most buyers, especially first-time home buyers don’t want to buy a house, then do a ton of work. It’s not uncommon for a buyer to get in escrow, have the house inspected, then back out because the listing is too expensive.
There are plenty of other factors to consider when planning to sell your house. For instance, improving curb appeal can increase sales price by a decent margin. it’s also crucial to give yourself a deadline. Ultimately, selling a house is all about coming up with a strategic plan that will make your home more appealing to potential buyers. However, if you need to sell your home quickly, our team here at We Buy Houses Arizona is ready to give you a fair cash offer.