Every property is different, and each seller has unique requirements and goals. We want to help educate and prepare you for selling your home, by providing you with some easy to follow steps...
It is often more emotional to sell a property than buy a property, and the reason for selling may be a determining factor in the urgency of the sale. There are many other factors that also influence the sell of your home including the price, location, condition, size, design, and accessibility.
It is very important to calculate the expenses that may be incurred while selling your property. This helps you to determine a good price for the property, as well as the potential profit that you can realize. Some costs that may be incurred include agent commissions, taxes, advertising costs, and specific reports such as a property inspection.
Depending on how quickly you need to sell the property will help to determine the price. The faster you must sell, the lower the price will need to be in order to attract a quick offer. If there is no rush to sell, then you can price the property accordingly and wait for the ideal offer in line with current trends in your area.
In order to attract a decent offer, you will need to make sure the property is in good condition. Most buyers are looking for a property that is turn-key, so they don't have to tackle your postponed maintenance. Take the time to tour your property, and evaluate it for cosmetic and functional repairs.
Before listing a property "For Sale", it is important to research the local market and become familiar with recently sold properties. Using these comparable properties will help you find a fair market value for your property, therefore establishing a price. In some cases, you may choose to hire a real estate appraiser to give you a more accurate value.
Once the property is on the market, you will need to declutter and clean which will help potential buyers see the actual property. Consider renting a storage unit for clutter that can be removed from the property. You should also stage the property, using furniture you already have, to create a welcoming environment that helps buyers envision themselves living in the space.
It's time to get the property out to the public, so you can find a qualified buyer. Start by gathering all marketing materials to include photos, pricing documentation, room measurements, and etc. In order to market correctly you will also need lawn signs, flyers, and "For Sale" ads posted in different media forums.
After receiving an offer, you will need to negotiate any terms that don't meet your selling goals. Keep in mind that negotiations can sometimes go back and forth for a long time, until a mutual agreement is reached. Once the terms have been accepted in writing by both parties, always confirm the buyer's financial qualifications as soon as possible. With confirmation of financing, you will know that the buyer is really able to purchase the property.
The sale becomes official once you have agreed on a sales price, passed the inspection phrase, met appraised value, and your buyer has secured financing. The closing, handled by an attorney chosen by the buyer, will typically take place with all of the parties involved in the transaction.
All information is deemed reliable but is not gauranteed and should be independently verified. Properties subject to prior sale or rental.
Copyright 2014. YHP Realty, LLC doing business as: Your Home Pros Realty. All rights reserved.
Broker: Kody Horn
12553 S. Harrell's Ferry Rd., Baton Rouge, La 70816
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