1. Hire a good agent
Some sellers choose to go the FSBO (For Sale by Owner) route
in order to avoid paying a sales commission—usually around six percent
of the sales price—but for many people, a good Realtor is the key to a
successful sale. You should expect your agent to help you:
- Set the right price. Realtors can give you information
on recent comparable home sales in your area, helping you understand
pricing in the local market.
- Do the leg work. Creating advertisements,
screening prospective buyers, and showing your home are all very
time-consuming and labor-intensive.
- Review the contract. A real-estate sales
contract is a complex and legally binding document—a professional can
help you make sure it reflects your interests.
- Find the right buyer more efficiently. A good
agent will know how to screen for buyers who are most likely to want
your house and be able to make a good offer on it.
Find an agent with the knowledge and experience you need at GMAC Real Estate.
2. Think like a buyer
Prospective buyers who look at your home will probably have looked
at other homes for sale in the area. You should do the
same. Buyers will be comparing your home to the ones they've
already seen, and looking at them yourself may give you an edge on the
competition.
Ask your agent for information on
comparable homes that have sold recently, and any that are currently on
the market. Drive by each one and note your first impression —
you may get ideas for enhancing your own home's curb-appeal.
3. Hire your own inspector
A home inspection isn't just for buyers. Hiring an inspector
before you put your home on the market can be a smart move if you want
to prevent — or at least prepare for — any issues that might come up
during the buyer's inspection. Uncovering problems ahead of time
can give you:
- A smoother process. The more problems you correct before the sale, the less likely it is that a defect will stall the process.
- More accurate pricing. Rather than having to
haggle over the price because of defects, you can set your asking price
to account for the cost of repairs.
Make sure you choose a qualified
inspector with plenty of experience. You may want to ask your
Realtor for a list of reputable companies, or contact a professional
association of home inspectors to find out if there are certified
members in your area.
4. Spruce up before you sell
Some relatively small and inexpensive improvements can make your
home much more attractive to buyers—but be careful not to overdo
it. A remodeled kitchen is sure to fetch a higher sale price, but
probably not enough to pay for itself. A sparkling-clean kitchen
with a fresh coat of paint, on the other hand, can make a valuable
impression on buyers at a low cost.
Keep these tips in mind as you prepare your house for showing:
- Start outside to create curb appeal. Sometimes the key
to getting buyers inside your home is to make them notice the
outside. A mowed lawn, trimmed hedges, and clean siding can give
a neat and tidy first impression.
- Get rid of clutter. Buyers want to be able to
visualize themselves living in your home—seeing lots of pictures on the
walls and personal items lying around makes that more difficult.
- Hire a professional cleaner. Cleanliness can have
a major impact on your sale, especially when it comes to kitchens and
bathrooms. Cleaning your home yourself may be alright, but for a
truly spotless home a professional cleaning can be a good investment.
5. Sell when the season is right
Listing your house at the right time of year can make a big difference in how quickly it sells and for how much.
- Spring and summer. In most markets, home sales usually peak
during April and May, and often remain strong through July. This
is the preferred time for most families to move because it falls at the
end of the school year and brings warm weather.
- Autumn and winter. Like the weather, the real estate
market tends to cool off quite a bit during the late fall and winter
months. That doesn't mean you can't sell your home, though.
You may be able to get a better price because there will likely be
fewer homes on the market. It can also be an advantage if you're
looking for a quick closing, because buyers will be eager to close by
year-end so that they can claim a mortgage deduction on their
taxes.