There are many reasons why you would want to sell your home. Some common ones include relocating for work or retirement, accommodating a growing family, shifting to a more desirable neighborhood, death of a spouse, divorce, or advancing age. Whatever the reason, you will want the best price for your house. While spring is the best time of the year to sell your house there are many more things you need to know and do to get more money into your bank account. Some handy tips:
Study the Local Housing Market
If you have lived in the area for a few years, you will know the prevailing prices of housesand the local economy. Study the local housing statistics online, including realtor.org, the website of the National Association of Realtors, to know how many houses are on the market and for how long they have been on the market. Find out what the asking prices are for comparable homes in your area. If you are keen, you can visit the local real estate websites and open houses.
Set a Realistic Price
Setting a reasonable asking price for your home is essential if you want to sell your house quickly. You must recognize the prevailing market conditions and set a realistic price without being emotional or pegging the price to previous highs. You can be more aggressive if the demand is high but should set your expectations lower if the market is cold. According to US News, too high a price can deter buyers, and buyers become more cautious when the property sits unsold for a long time.
Sell for Cash or List Your Home
You can respond to advertisements proclaiming “we buy houses Chicago Illinois” if you need to sell your house urgently. You should be ready to seal the deal quickly and vacate the house immediately to walk away with the cash. You don’t have to go to the trouble of listing your house, cleaning and repairing it, and waiting for offers. Otherwise, you will need to interview several real estate agents and choose the best one to help sell your house. Regardless of the route, you should have a closing attorney to ensure a watertight contract.
Make Your Home More Appealing
Prospective buyers lay great importance on first impressions. While you may not need to make significant landscaping improvements, you will be able to attract more interest to your property by cleaning up the yard, repairing and painting the exteriors and interiors, and getting rid of the clutter. You can make a great first impression by staging the house with the help of a professional. Hiring a top-grade photographer to shoot attractive photos of the home’s interior and exterior from various angles is a must. Uploading video walkthroughs will make it more appealing to prospective buyers.
It is easier to sell your home by giving it widespread exposure on social media and listing it on the leading real estate websites. Before accepting an offer from a buyer, you should ensure it falls within an acceptable range since you will have to pay closing and other costs, including title charges, sales commissions, transfer charges, and taxes.