Where to start when I want to sell my home
Selling your home may seem like a daunting endeavor, but it’s important to remember that it’s achieved just like anything else: one step at a time. While there are a lot of variables to consider and a great deal of money at stake, you can sell your home without needing to get your real estate license or having to settle.
It’s just about coming in prepared and making sure you follow the right steps. Here’s how you can get started on the process of selling your home.
Evaluate Your Situation
Your reason for selling your home can have a major effect on how you go about it. The path to success for someone who needs quick liquidity is different from someone who purchased a home as a long-term investment.
Start by considering why you’re selling your home and what you hope to gain out of it. By establishing your intentions and your goals in concrete terms, you can sketch out the parameters of the selling process and determine whether FSBO is actually the right choice for you.
Study the Market
Your chances of getting market value decrease steeply the longer your house is on the market, and that’s why it’s important to try and close quickly. And that means that nothing is more important than properly valuing your home.
Fortunately, there are more resources than ever before for studying the market. Scout out other homes in the area and online resources to figure out what your home might be worth, and be honest with yourself. You don’t need to let your sentimentality about your home guide your pricing decisions.
Get a Home Inspection
Once you’ve set your mind on selling a property, one of your first steps should be bringing a home inspector in. A quality home inspection can provide you with all the details you need to make financial decisions about your sale. Getting a home inspection early—and getting one that’s actually thorough—can prevent you from sinking your savings piecemeal into a money trap and ultimately losing money on your real estate investment.
Selling a home is often a lesson in spending money to make money.
The actual value of a house has as much to do with how people feel about it as it does with the raw financial wealth that’s been sunk into it. Take the time to thoroughly inspect your home and consider what could make your property more appealing. A new coat of paint can go a long way, but the last thing you want to do is build a whole new deck that ends up costing you more than you make back.
When in doubt, focus on the kitchen. A good kitchen can offer a distinctly outsized return on the investment, and it’s one of the first things people consider when deciding whether or not to buy a home.
Consider a Flat Fee MLS
Multiple listing services are the principal directories used for selling homes. Unless you get lucky enough to sell your home to someone you know—or get lucky enough to find a buyer who just drives by—it’s going to be the best way to advertise your property.
Getting listed used to mean hiring a real estate agent, but there are now online platforms like HomeLister which let you list your home for a flat fee. You won’t pay anything unless your home sells, and you’ll know what you’ll be paying from the start. These flat fee MLS services are especially valuable resources for inexperienced sellers because they also tend to come with features like video tours and document management.
If you’re wondering “How can I sell my home?” a flat fee MLS is the first place you should go.