Selling a home can be stressful and can take months, so it’s especially important to familiarize yourself with your real estate agent’s personality. In addition, if the buyer has negotiated a credit that will be paid at closing for repairs or closing costs, the seller will also pay it. Your broker or closing broker should give you a complete list of the fees for which you are responsible at the closing table. While the buyer usually pays the lion’s share of the closing fee, between 2 and 4 percent of the sale price, keep in mind that you may also have to pay some fees.
You may also want to give your home a thorough cleaning to put your best foot forward. Instead, opt for a storage space to house the things you don’t need while your home is on the market. Add your boxes of Christmas decorations, baby gear, seasonal clothes, and that bakery you’ve never used but can’t let go of. And if you have two sofas in your living room, consider storing one to make the room feel bigger. If you opt for a portable device, it can be transported to your new home, making moving day a breeze.
The internet makes it easy to dig into real estate agents’ sales history and professional appointments so you can choose the right person to work for. Search for agents’ online profiles to find out how long they’ve been in the industry, how many sales they’ve made, and what designations they may have earned. Pay attention to how and where they market their listings and whether or not they use professional photos.
Some sellers don’t want to work with a real estate agent so they can avoid paying the broker’s commission, which is usually around 5-6% of the selling price. These sellers may decide to list the house itself and go to “For Sale by Landlord” (often called “FSBO”). Your real estate agent will examine similar homes (also known as “comps”) in your area to establish a realistic price. If you really need to sell quickly, consider pricing your home a little lower to spark interest.
You need to look at a wide range of trade-offs to determine a fair price for your home. If you want to sell your home quickly, the first step is to hire a real estate agent. The ideal person knows the local market and has a sales record that shows they know how to sell. Keep in mind that the seller is often responsible for paying the commission for both the buyer and the selling broker. In exchange for the convenience of an agent, you’re probably on the hook for a Sales Commission between 2% and 4% of your sales price. After your home officially hits the market and buyers have seen it, the ideal is for deals to start pouring in.
Real estate displays give potential buyers the opportunity to see and experience your home in person. Remove unnecessary appliances, furniture and toys from view when buyers visit your home. Before a home is shown, clean the kitchen countertops and tidy up common areas and bedrooms. Keep your children’s toys hidden or in a playroom until potential buyers leave.
Knowledge of the local real estate market is also important to accurately set the price of the house. Many sellers choose to work with an agent because they can offer advice on pricing, incentives, and local market expectations. Whether you’re selling in a buyer’s or seller’s market, Avoid Foreclosure the basics of selling your home don’t change. Buyers will be most interested in your home the first few weeks you’re on the market, so you’re in the best position to sell when your home is operational from day one. By using these easy and cheap tips you can expect a quote in no time.