Steps on Selling Your Home

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Deciding to sell your home is just as important as purchasing a new home. There are some steps involved in the process, but in the end, it will be worth it. 

First: Cost of selling. When selling a home, you will incur some costs such as: commission to an agent, taxes, advertising, reports, and property inspection. With this information, you are better prepared to determine a suitable price for the house, as well as the potential profit.

Second: The price. Setting the price is the most important factor when putting your home in the market. Over-pricing could lead to your house sitting on the market for a longer period of time and a smaller buyers’ pool, while underpricing could lead to losing money on your investment and potential buyers offering lower bids.

Third: Location. The location of your home plays an important role into its marketability. When pricing, make sure you keep it properly prices to other properties in the area. You should also determine the neighborhood the property is located in, such as well-established, an up-and-coming, or transitional area. 

Fourth: Accessibility. When pricing your property, you should take into consideration the specific things that it is close to. You should highlight places of interest that is easily accessible from your home, such as: shopping centers, entertainment, parks, good school districts, main roads, highway, and public transportation.

Fifth: Condition of the overall property. Property condition is a key factor in how quickly your home can sell. In order to obtain the highest market value and increasing the desirability of your home, above others in a similar price range, can often come down to first impressions. To maximize the curb appeal: keep the grass cut, paint your front door, clean the windows, and wash or paint the homes exterior. 

Sixth: Staging your home. Well placed furniture and decorations can make rooms appear larger than they are, while opening curtains can allow rooms to be bright. By staging your home, you are allowing potential buyers envision themselves in your home with their family. To set up for this, you should remove any extra personal goods, clean the floors and walls, turn on all light and open drapes, and leave the property when it is being showed to potential buyers.