5 Things to Consider Before Selling Your Home

by | May 10, 2022 | Financial Featured

Are you considering selling your home? If so, it’s important to take some time to think about the process; especially if you are curious about what you need to do to sell your home without a traditional realtor. HomeLister has some great tips for those who want to take the plunge into home selling.

Here are five things you should consider before selling your home:

Your Home’s Value.

You’re here today to make sure you are getting a good return on your investment. Regardless of price point or current sales trends, it’s important to remember that your home is only worth what someone is willing to pay for it. A few things that contribute to your home’s overall value are:

Your Home’s Location.

A big factor in your home’s value is its location. If you live in a desirable neighborhood or school district, your home will likely be worth more. Conversely, if you live in a less desirable neighborhood or have a longer commute to work, your home may be worth less than you predicted.

Your Home’s Size.

The size of your home is another important factor to consider. If you have a large home, it may be worth more than a smaller home in the same neighborhood.

Your Home’s Age.

The age of your home is also a factor to consider. For some, having an older home within a historic community can be a selling point. But more often than not, the age of your home needs to be considered when determining your home price point.

To find your home’s value, HomeLister recommends getting a comparative market analysis (CMA). This will help you take a look at recent home sales in your area to get an idea of what you can expect from potential offers.

Your Motivation for Selling.

Are you selling because you need to or because you want to? If you’re selling because you have to, then you may not have as much negotiating power. However, if you’re selling because you want to, then you can be more choosy about when and how you sell.

You’ll also need to decide if you are going to sell your home yourself or use a realtor. There are pros and cons to both options and it’s important to weigh them carefully. HomeLister’s blog has a great article that covers “The Pros and Cons of Selling Your Home Without a Realtor.”

Your Home Selling Timeline.

You’ll want to think about the timing of your sale. Is now a good time for you? Or, is there a window of opportunity that you should be taking advantage of? Are you in a hurry to sell or can you take your time?

If you need to sell quickly, you may have to accept a lower offer. But if you’re not in a rush, you can wait for the right buyer who is willing to pay your asking price. This will also help you determine what type of sale to pursue. For example, if you’re in no rush, then you can consider listing your home on the MLS (Multiple Listing Service). However, if you need to sell quickly, then selling to an investor may be a better option.

Home Preparation.

Once you’ve decided when and how you’re going to sell your home, it’s time to start preparing it for sale. If your home is in good condition, it will make for a faster sale. But even if it needs some work, there are still things you can do to make it more appealing to buyers.

Things that make for a faster home sale include:

  • Decluttering
  • Deep cleaning
  • Making any necessary repairs.

You’ll also want to make sure your home is “show-ready” at all times. This means that you should be prepared for potential buyers to walk through your home at any time. HomeLister has a great Home Preparation Checklist to help you get started.

Your Selling Strategy.

Finally, you’ll need to decide how you want to sell your home. Determining how you will market your home to potential buyers is an important step and one that shouldn’t be overlooked. For example, will you use a real estate agent or try to sell it yourself? Each option has its pros and cons, so it’s important to think about what’s best for your situation.

The Bottom Line.

By considering these five things, you’ll be well on your way to selling your home in a smooth and stress-free manner. Additionally, make sure you have all of the proper paperwork in order before starting this journey. This includes things like copies of your mortgage statement, deed, and recent property tax bills.

Before selling your home, make sure to consider your motivation, timeline, and preparation. HomeLister is a great resource for those considering selling their home without a realtor. They offer a wide range of services, from listing your home on the MLS to helping you find the right buyer. What are you waiting for? Start your home selling journey today!

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