is a complex process. It involves many steps, from home preparation to marketing your property. And it can be an emotional time, too. But if you follow these tips, you can ensure a successful real estate sale.
A property is sold when the seller and buyer sign all the final paperwork and exchange money. But the actual sales process starts long before the closing date. During this period, buyers view properties and make offers, sellers prepare disclosures and other legal documents, and the lender reviews them as well.
During sell my house fast Philadelphia, the potential buyer will visit your property several times to get a feel for it and ask questions. They will also seek preapproval for a loan, which gives them the ability to act quickly if they find a house they love. This step is crucial, especially in a competitive market.
When you’re selling your home, you want to highlight your property’s most appealing features. That could include amenities like a big backyard, an updated kitchen or air conditioning. It’s also important to highlight the location of your home. If you’re located close to public schools or in a popular neighborhood, it will appeal to families.
Once you’ve found a buyer, the next step is to negotiate and accept an offer. This can be at or above your asking price, depending on the market and how much you’re willing to compromise. During the negotiation process, both parties may request repairs or concessions from each other. This is a normal part of the sales process, but remember to negotiate fairly.
If the buyer requests repairs, you’ll need to determine whether or not they are worth the cost. It’s also important to consider how long it would take to do them, which will affect your sale timeline. If the repair costs are too high, or if you don’t have enough time to do them before the sale, you may need to reduce your asking price or sell as-is.
You might also choose to sell your home yourself, known as for-sale-by-owner (FSBO). While this option can save you commission, it’s still a lot of work. You’ll be responsible for home prep, hiring a professional photographer, listing on Zillow and hosting open homes. You’ll also need to research comparable homes and market your home to attract buyers.
If you’re not sure how to navigate the sales process, consider working with a licensed real estate agent. A Clever Partner Agent can provide selling support at every stage, from home preparation to negotiating and closing. To get started, enter your address to get your free Zestimate. And if you decide to work with an agent, we’ll match you with one based on your specific needs.