Preparing to sell your home can feel overwhelming, so we’ve compiled some useful bits of advice to make sure you’re on your way to a job well done. From pricing to staging, there are many factors to keep in mind. We’re here to make the selling process smoother and more successful. Read on to gain helpful tips you can use today.
1. Determine your moving timeline
Begin the home selling process by examining your personal timeline. Are the dates flexible or are you on a set schedule? Knowing the answer to these questions will help you make the right decisions regarding the repairs and home projects you should complete. Additionally, it’s important to establish clear expectations with everyone involved, including your local listing agent.
2. Consult with a listing agent when preparing to sell
A knowledgeable listing agent will guide you through the process of selling your home. They will provide you with up-to-date information including local market trends so you can make well-informed decisions. In addition to listing the home, the agent will show the property and coordinate all aspects of the real estate transaction. It’s important to take your time and find someone you work well with and trust.
3. Get a Comparative Market Analysis (CMA)
A real estate agent will be able to conduct a Comparative Market Analysis or CMA. A CMA is a detailed report that compares your property to similar listings in the area. It allows the agent to examine market trends and determine an appropriate list price base on other nearby homes. It will also help you determine if any potential upgrades or remodels will be worthwhile.
4. Complete upgrades with a high return on investment (if it makes financial sense)
After consulting with a listing agent and looking at a Comparative Market Analysis, you’ll want to consider completing home upgrades with a high return on investment. Take into account your moving timeline and the risk/reward of doing certain upgrades. Your local real estate guide will be able to discuss all options with you to see if the projects are worthwhile.
5. Conduct a pre-inspection when preparing to sell
Did you know a seller can conduct a pre-inspection before listing the home? This inspection will identify any repairs or problems that may need to be addressed before selling. Also, providing a buyer with a pre-inspection can create a sense of trust. Being upfront about the condition of the home demonstrates transparency.
6. Identify and make necessary repairs
After consulting with a listing agent, and examining the CMA and pre-inspection, it is time to get to work. Ensure the home has all major repairs completed before listing and showing it. Repair all roof leaks or missing shingles, and ensure there are no plumbing or gas leaks. Check that the home’s foundation is solid and repair any electrical issues. Finally, make sure all pest control measures have been completed prior to listing. If there are any potential red flags regarding your property, this is the time to address those issues.
7. Consider the Windermere Ready Loan Program
If making repairs and preparing the property for selling seems daunting due to the upfront expenses, consider the Windermere Ready Loan program. This program offers up to $50,000 in expenses incurred. It is a six-month loan with no payments due during that time. It is then paid off in one lump sum once the property is sold. Many home sellers and their agents have reported success, saying that the program helped them sell their homes for more and in less time.
8. Stage your home when preparing to sell
According to Forbes, staged homes sell 87% faster than non-staged homes. Staging allows prospective buyers to easily imagine themselves in your home. It presents homes in an enticing way. And, the majority of buyers look at homes online first, so excellent photos of well-staged spaces can make a huge difference in the number and types of offers you receive.
Listing and selling a home is a labor-intensive process that requires a team effort. Our local Windermere experts are here to help you sell your home efficiently and successfully.