Colorado Real Estate News

How to Start Selling Your Home

There are many reasons you may want to sell your home: your family could be growing or shrinking, you could be relocating for work, you might want to move into an upgraded property, etc. Now that you’ve decided to sell, what comes next? Here is a checklist of eight things to do to jumpstart the process:

Get Your Home Ready

I know that seems like a ‘duh’ here, but what does it mean to really get your home … ready? To start, you’ll want to check the value of your home. You can get a free home value estimate easily online. HomeLight has a great home value calculator; they look at housing market data with information about your house. After checking the estimation of your property, take a look at your equity, and most importantly, start packing and performing your version of Marie Kondo shedding!

Hire an Agent Who Knows the Market

According to Bankrate, “An experienced agent earns the fee by exposing your house to the broadest audience to garner the best offers possible, and negotiating on your behalf.” A real estate agent helps bring attention to your home by figuring out your most valuable offers. If you do this by yourself, it would be far too much work to take on.

Kentwood’s knowledgeable real estate brokers would love to help you sell your home; you can learn more about our experienced group here.

Set a Timeline for Selling Your Home

Selling your home can take two to four months from start to finish and potentially longer, depending on the market conditions. When you decide to sell your house, it’s essential to start looking at real estate agents to find what will fit best for your situation.

Prepare Your Home for the Market

  • Get an optional home inspection.
  • Clean, clean, clean!
  • Take professional photos: they can make your home more appealing to buyers and renters. (Trust us, it’s worth the extra money to get these professionally done.)
  • Stage your home to make it inviting for those coming to look.

Kentwood’s Amplify services provide access to a team of professionals to help elevate your home’s value, and they tell you precisely what they believe you need done. They have options for renovation projects and cosmetic updates, such as staging, painting and decluttering. They also have options for deep cleaning, moving and packing assistance, and trash removal.

Set a Realistic Price

It’s critical to get your pricing right the first time. If you set it too high, your house might not sell. If you set it too low, it might misrepresent your home’s value. Evaluate your pricing based on the other homes in your neighborhood that have gone up for sale.

Put Your House on the Market

Promote your home, both online and offline, and prepare for showings by staging it and keeping it clean. A pro-tip from Bankrate is to let someone else show your home so that the potential buyers can come in and imagine themselves in your house.

Review and Negotiate Offers

When the offers start to come in, your real estate agent is your best advocate. Depending on the market at that time, you might get several offers or not as many as you would’ve hoped.

If you receive an offer, you can either accept that offer, reject the bid or make a counteroffer. Counteroffers have a short timeframe for the buyer to respond, and they should always be in writing.

Bankrate advises to look at other aspects of the offer, rather than taking the highest one:

  •  How the buyer is paying (cash or financing).
  •  The type of financing.
  •  Down payment amount.
  •  Contingencies.
  •  Requests for credits or personal property.
  •  Proposed closing date.

Sign the Final Paperwork

When you find the buyer and price that’s right for you, sign those papers! Review the settlement, determine what the buyer owes on the sale and receive your money. Selling your home is a process that can be time-consuming, but it’s extremely important and rewarding. By taking these steps, you’ll be able to find a perfect buyer. Good luck on your next homeselling journey, and congratulations on a new home! Kentwood Real Estate is all about helping people live their best lives. With a top-tier team of brokers, Kentwood is excited to help you with all of your home needs, including marketing for your home, intimate, local real estate knowledge and opportunities to get more for your home. Contact our team today at 1-888-621-7157!