Selling your own home is no easy task, especially if you’ve never done it before. One thing you likely won’t overlook is how much money you’ll save by selling your home without an agent, but what about the common speed bumps most people stumble over? Well, we’re here to help you make the process as smooth and “speed-bump-less” as possible with 6 things a lot of people overlook when selling their own home.
1. Market Information
The real estate market is constantly moving, and sometimes at very rapid pace. It’s important to stay on top of this if you want to get the best value for your home. If you know selling during the winter isn’t the best time to sell homes in your area, you might want to wait a few months. Details about your market and what buyers are looking for can really help you sell your house quickly.
2. Your Time
They say time is money, and selling a home takes plenty of time. You will need to plan your days out in order to effectively sell your home. Your time is money, so hopefully the time you put in pays off.
3. Negotiating Skills
Chances are when you receive offers on your home, most of them won’t be exactly what you want or feel like you deserve. People are going to try throwing low prices at you and hope for the best. Your negotiating skills need to be tough in order to get the right price for your home.
You should make necessary steps to be sure your home is prepared to be sold. Cleaning, painting, and staging are all things that are common among homes being sold. When selling your home on your own, you also need to be ready with any necessary paperwork at all times. It’s possible the first person to walk into your home will make you an offer you cannot refuse!
One thing you might be missing when you’re selling your own home is the ability to connect with tons of people who work in the real estate industry which in turn brings many former buyers and sellers. To compensate, you’re going to need to do some extra work to get the word out to let people know your house is now on the market.
The home selling process takes a lot of reading and signatures. It’s easy for a home sale to be postponed because something within the contract was incorrect. This is one area where you need to be very careful and perhaps the best stage to contact a professional like a lawyer to help with the legalities.