The country is experiencing a hot housing market. Although the real estate market remains strong, home prices are beginning to level out. If you’re considering selling your home, now is a great time.
Although many homeowners enjoy big profits, there are still things to consider before placing your home on the market.
Are you thinking about selling your home but aren’t sure where or how to begin? Here are five things to consider before selling a house.
1. Selling Your Home and Buying Your Next Property
Selling your home is a big decision. One of the most important things to consider is where you will live after your home sells. Are you looking to buy a new home, or will you rent?
In a hot real estate market, a house can sell the same day it’s placed on the market. Make sure you’re ready for a quick turnaround and have plans for where you’ll go if the sale happens faster than you can get into a new place.
2. Is Your House Market-ready?
Property investors are buying a lot of home inventory across the country. If an investor approaches you, you don’t have to worry about making improvements to your house. However, it could mean accepting a lower selling price.
Otherwise, before placing the home on the housing market, make sure it is ready to sell.
3. Who Will Sell the House?
Home selling is not for the inexperienced. When considering whether to sell your house, take into consideration your options.
Selling your home yourself means learning the selling process. For sale by owner seems easy, but it can become time-consuming if you’re employed and have a family.
Going with a realtor is often the best option. You have a skilled professional team on your side. The realtor can screen home shoppers, negotiate pricing, and get the home staged according to housing market standards.
4. What is Your Asking Price?
Before placing your house on the market, get an assessment for the asking price. You don’t want to get taken advantage of by underpricing.
You also don’t want to delay selling your home because it’s overpriced.
5. Are Their Liens on the Property?
The last thing you want to happen when going through the selling process is to learn that your home has liens during closing. Liens can stall the sale of a home and cut into your profits.
Before placing your home on the market, perform a search and resolve any issues.
Should You Stay or Should You Go?
Selling your home is a big decision. It’s also one that comes with a lot of emotion if it’s a home that you raised your family in. Letting go of the memories can be the hardest part of the process.
Are you in the Houston, TX area and need to make upgrades to increase your home’s resale value? Homes Reimagined USA is here to help you get your home market-ready. Click here to learn more and to receive a free quote.