Selling a house is a complicated and often extremely emotional process. Whether you are a first-time home seller or you’ve done this a time or two, you still likely have a number of questions, and you may feel uncertain about how to best navigate the process. The good news is that there are several ways to simplify the process and ensure you get as much money as possible out of your home.
Preparing to Sell Your Home
When you’ve decided to sell your home, there are several steps that you need to take. A good place to start is by having your home appraised. Though the appraisal can cost up to $500, it is invaluable in helping you determine a reasonable asking price. Also, keep in mind that in popular markets, such as Boulder, homes often sell for 10 to 15 percent more than the appraised value.
Now is the time to decide whether you want to sell your home on your own or with the help of a real estate agent. Listing your home for sale by owner often seems like an appealing idea because doing so allows you to keep more of the sale price of your home rather than paying an agent’s commission. Despite the Internet making it easier to sell your home on your own, 93% of home sales are still done through some type of real estate agent.
Choosing to work with a real estate agent has a number of benefits. A highly-qualified realtor understands all the steps and paperwork involved in selling a home. In addition, she also is very familiar with the area your home is in and know the market well. This makes settling on an asking price much easier.Your real estate agent will do a lot of the work for you. From scheduling appointments to showing your home and helping close the deal, a realtor is an invaluable resource when it comes to selling a home.
Getting Your Home Ready
Before your home officially hits the market, there are a few steps you should take to make it as appealing to potential buyers as possible. Clean and de-clutter as much as possible. When potential buyers visit your home, they want to be able to visualize themselves and their belongings in the space. If it is cluttered with too many of your personal belongings, it will be impossible for them to do so.
Now is also a good time to tackle some repairs around the house. While you may not want to invest money in a home you’re trying to sell, doing so can greatly increase your bottom line.
At the bare minimum, consider tackling minor issues like fixing holes or cracks in walls, replacing stained carpet and repainting. These things require minimal investment but can add a lot of value to your home. If your budget allows, replacing an old roof or painting the exterior are investments that almost always pay off.
Making the Sale
If you’ve decided to list your home with a real estate agent, the next steps of the process will be much easier than doing it on your own. Your real estate agent will list your home in the MLS and advertise your home locally. She will also take care of showing your home to potential buyers. When it comes time for negotiation, your real estate agent will help you get the best price for your home. She will also act as a mediator between you and potential buyers, which can be very beneficial due to the emotional difficulties associated with selling a home.
If you’re selling your home on your own, take care to ensure that you have performed all the necessary steps and completed all the required paperwork. Be sure to include a disclosure that details any known issues relating to the home. Though you may make a few extra dollars by hiding potential problems, doing so is a good way to set yourself up for lawsuits and major expenses in the future.
Selling a Home in Boulder
If you are thinking about selling your home in Boulder or the surrounding areas, please do not hesitate to give my office a call. From setting the price for your home to closing the deal, I will be more than happy to help you through every step of the process. You can reach your Boulder real estate agent at 720-323-8460. I look forward to working with you to get your home sold for the right price in a timely manner!