Saying goodbye to your home is one of the hardest things that we at Own Your Home know too well. Fortunately we have a few steps that any first time seller may think about to help ease the process.
Step one: Figure out the reason for selling
The reason for selling affects the timing of the sale which in turn greatly affects the price or value of the house. You wouldn’t want to sell when it’s a buyers market where too many homes are up for sale with not enough buyers. This may be a small step but it is a crucial one that you may want to discuss with an agent before you are ready to put up that for sale sign. If you don’t already have one, we will be happy to offer our services
Step two: Valuing your property
Before you start to think about the price that you wish to sell your property for, you need to determine the value of the property. Based on the market and the prices of neighbouring homes (the location), an agent can present you with a base figure that will be in the ball park of the final price decided. Factors that affect that figure are the size, the condition, the style, the accessibility and the location of the property.
Step three: Accessibility
How close is your property to a bus stop? How near is the nearest main road or how far is the furthest school? These are questions that potential buyers will be asking themselves and therefore raise the value of your property if the answers are close enough, near enough and not too far away.
As a matter of fact, a good agent will know to highlight the places of interest that are most accessible to your piece of property.
Step four: Upkeep
First impressions are everything and we always say that in real estate it is even more so! It is a fact that the condition of your property is always a factor in how quickly your property sells. Here are a couple simple tips we have noticed to have a huge impact on buyer’s decision making:
- Cut the grass in the yard and keep it nice and tidy. Maybe a flower or two as it gives off an inviting feel.
- Freshen up the exterior by washing the walls outside as well as the windows. (for houses)
- You can freshen up inside as well by putting on a fresh coat of paint or varnish to your wooden surfaces. (for houses)
These are simple and not costly improvements that change the entire tone of the house/land.
Step five: Receive an offer
Now that you have made your property good as new and you and your agent have come up with a final price, we are ready to list your property and start receiving offers! We list our properties here on our website, our social media accounts, as well as through word of mouth. Other agencies may use blogs in addition to that list as well.
Offers come in all shapes and sizes. This meaning that there will be terms and conditions that come with the price that the buyer is willing to pay. Additionally, buyers may want to include or exclude certain features to help suit their needs. Thankfully, an agent is there to help you to get what you want and will therefore negotiate on your behalf until you are satisfied!
Step six: Closing
Similarly to buying a piece of property, selling one comes with closing costs and fess along with deadlines by which they need to be paid. Own Your Home will work with you to guide you through this process until…
Congratulations! You have now sold your property. We pride ourselves on knowing that our clients are left satisfied.