While it can be an emotional rollercoaster ride, filled with mixed feelings of excitement and anxiety, it can be helpful to know what to expect when selling your home. Well, we’ll tell you right now that the process can be complicated, and you may encounter some challenges along the way. But don’t worry – we’ve got you covered!
In this blog post, we will discuss the top 5 things to expect when selling your home and give you some tips on how to navigate the process with ease.
1. The Home-selling Process Can Take Longer Than You Think
One of the most important things to keep in mind is that the home-selling process can take longer than you anticipate. In today’s market, it can take anywhere from 30-90 days to sell a home.
However, it could take even longer if your property is priced higher than the market value or if there are any complications, such as a home inspection that revealed a defect. The best way to keep the process moving forward is by working with a reputable real estate agent who can give you an accurate timeline and guide you through the process.
2. You May Need to Make Some Repairs and Upgrades
When selling your home, you want to make sure that it looks its best to potential buyers. This means that you may need to make some repairs and upgrades to your home before putting it on the market.
For example, depending on the condition of your home, you may need to paint the interior or exterior, replace old fixtures, or update appliances. But it’s important to remember that not all upgrades will add value to your home, so make sure to consult with your real estate agent before making any major changes.
3. Decluttering and Staging Your Home Is Key
One of the most crucial aspects of selling your home is making it look presentable to potential buyers. This means that you’ll likely need to declutter and depersonalize your home to make it look more spacious and inviting.
Besides, staging your home can also help potential buyers envision their own furniture and décor in the space. But don’t worry – you won’t necessarily need to do this yourself. If you don’t have a lot of experience with home staging, you may want to consider hiring a professional stager to help you make your home look its best.
4. Negotiating Is Non-negotiable
Once you have found a potential buyer for your home, you’ll need to negotiate with them on the price and terms of the sale. The key is to balance your best interests with theirs.
Now, this can be a tricky process, as buyers may try to offer a lower price than what you are expecting, or they may ask for contingencies, such as a home inspection or appraisal. But your real estate agent can help you navigate this process and ensure that you are getting a fair deal.
5. Remember the Closing Costs
Finally, it’s important to remember that there will be closing costs associated with the sale of your home. These are fees associated with the transfer of property ownership, such as title search fees, attorney fees, and real estate agent commissions.
You should expect to pay between 1.5% to 5% of the sale price in closing costs. Your real estate agent can help you estimate your closing costs so that there are no surprises at the end of the process.
The Bottom Line
Selling a home can be a stressful and complex process, but it doesn’t have to be a complete nightmare. By understanding what to expect when selling your home and working with a reputable real estate agent, you can navigate the process with ease.
The home-selling process can take time, so be patient and take your time to prepare your home for the market. Fortunately, with these tips in mind, you’ll be well-prepared and ready to sell your home with confidence. Good luck!
Need a hand selling you home? If so, we’d be happy to help! Click here to get in touch with Hawkins/Ryerse Real Estate Group, and get started with us today.
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