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Make the most informed decisions when it comes to selling your home! We’re here to help support you through the complex home selling process for a stress-free experience that optimizes your investment and ensures you get the type of offers you’re looking for.
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7 Things Every Home Seller Should Know
Prepare Your Home Before Putting It on the Market
Selling a home can be complicated. Or, it can be a smooth journey if you understand each aspect of the process and how to overcome challenges. Know the ins and outs of home selling before you put your home on the market.
How to Plan for Selling Your Home
Home Seller's FAQs
Before you decide to sell your home, you need to know how much it’s worth. If you decide to hire a real estate agent, they’ll use comparables to come up with an accurate price of your home. Agents use their experience and the neighborhood to price your house. If you’re going to sell your home on your own, you can come up with a listing price by searching for homes in your neighborhood or town on home-buying sites. Compare your home to ones for sale or recently sold to come up with a price.
The home buyer will normally pay for the majority of the closing costs. This may include the application fee, credit report, title insurance, property taxes, escrow fees, origination fee, and underwriting fee. The home seller will normally pay the closing costs at the end of the transaction and will include the real estate agent’s commission. Commission is normally between 5-6% of the home’s final price. This money is split between the buyer’s agent and the seller’s agent.
Yes. This is called For Sale By Owner, and can sometimes be a challenging process. You may need to put a lot of time and effort into selling your house including pricing your home, prepping it for sale, listing it on the internet, marketing the house, staging, holding tours and open houses, negotiating price, and closing on the house. Selling a house on your own can be difficult but it is possible.
Spring is the best season to sell a home. May is the top month for home buying due to the warmer weather and the start of summer. There are a few other reasons why warm weather causes a boom in the market: school has finished, houses look better in the spring and fall due to green lawns and flowers, home tours and open houses can accommodate potential buyers past the normal 5 p.m. due to extended sunlight, and weather is better during the spring and summer.
An appraisal is an approximation of your home’s worth. This is useful information to your loan officer because it shows how much value your home has and what it’s worth in the current market. An appraisal is done by a home appraiser and is typically conducted after the purchase has been agreed upon by the buyer and seller. An appraiser will walk around the home and take note of what features the house contains and the conditions these features are in. Home appraisals are usually paid for by the seller.
A real estate agent can be found through referrals, online, or other sources. You should ask your family and friends if they recommend any specific agent in the area that they’ve had a positive experience with. You want to choose an agent that you respect and trust to make the home selling process as easy as possible. You’ll be spending a lot of time with your real estate agent, it’s important you’re comfortable with them. Our team at HomeHunt can pair you with a reliable agent in your area if you’re not sure where to start looking!
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