Selling your home is no small feat. It’s an opportunity to rediscover items you thought were lost forever. Selling a home is not just about packing and moving, it’s about purging all those things you don’t need or want anymore. It could be waving goodbye to one chapter of your life so you can move to the next page.
But before you jump into selling your home, consider these 6 important questions you need to ask yourself before you embark on your new great adventure.
Why will I sell my house?
Asking yourself why you want to sell is the first thing you need to answer. Make sure you are acting appropriately, by taking the time to sit down and thoughtfully analyze why you are selling your house. Rushing into the process will only have you asking why you can’t sell your Georgia house, so plan it out and reference a local Realtor if you need help.
The emotional and human parts of selling a property are just as crucial as the technical ones. Whether you’re trying to upsize or downsize, moving to a different state, looking to make a little extra cash to use for your retirement, or pay for your kids’ college expenses, before making your big leap, pay attention to advice from others and seek professional mentoring on if this is the correct decision for your life.
How much is my house worth?
It can be challenging to determine your property’s value, especially if you’ve been there for a while and the values have changed. You can overestimate the worth of your house because of improvements you’ve made, your own sense of style, or the happy experiences you’ve made there. Or, on the other hand, you can even undervalue your house since you don’t realize its full potential.
While it could be difficult to pinpoint the exact value of your property, there are a few techniques that could help you come close.
Use a Home Value Estimator
Online valuation tools, like a home value estimator, are one of the options where the value of your home is based on things like location, square footage, lot size, and year built. There are several competing websites, online tools, and platforms that provide services for house value estimation. To use the tool, all you need to do is enter your address and a few pieces of information about your property, such as its age and type, number of bedrooms and bathrooms, and lot size. Hummel Group has its own home valuation tool that you can fill out for free, which can be a good place to start for homeowners who are just beginning to consider selling their houses.
Get Your Home Appraised
A professional appraiser evaluates the property and conducts market research to determine the value of the home in the current market before writing a third-party appraisal report.
It is advisable to obtain a precise appraisal from a qualified expert who will provide an unbiased assessment of your property’s value before selling. Hummel Group has its own list of trusted appraisal experts who can let you know about your home’s advantages, while also giving you advice on any potential problems. Measurements, easements, and restrictions can all be checked. Additionally, they might conduct an on-site assessment of the home, look over recent, comparable sales data in the neighborhood, and even make recommendations to assist you to get the best price. They will publish a report in writing, outlining their conclusions.
How much does it cost to sell my house?
Every property is different, there are many factors in the costs associated with selling a house. This includes the following:
- Real Estate Agent Fee or Commission
- Conveyance or Solicitor’s Fee
- Staging and Preparing Your Home
- Repair Costs
- Seller Concessions
- Homeownership and Overlap Costs
- Closing Costs
- Capital Gains Tax if Any
First and foremost, if you hire a Realtor, they can guide you in understanding these costs, and provide you with marketing packages that may lower the total cost you need to spend for selling your house.
How do I get the highest possible price for my house?
How you portray your house is only one aspect of the equation in getting the biggest return from your property. Timing and the market are also factors.
Choosing the Right Time of the Year
Any time can potentially be a good time to sell your house, especially if you have a specific timeframe, but you also need to consider patterns and trends to know if it is the best time to sell. In general, spring and summer are typically the best times for sellers to advertise their houses, because of the pleasant weather, especially for those living in colder locations. Families also desire to purchase their new residence prior to the start of school. Fall and winter are when the selling activities start to drop.
Knowing Your Local Market
Knowing your market maximizes the profits that you can get from your house. You need to know if it is a buyer’s market or a seller’s market. You also need to consider your target market. Whether they are entry-level buyers, family buyers, mature buyers, leisure buyers, investment buyers, or high-end buyers.
How long will it take to sell my house?
There is no surefire method to forecast how long it will take to sell your house, making it a complicated and unpredictable process. There are, however, a number of signs that could imply a home is more likely to sell quickly. The current state of the local housing market is a significant aspect. There is often less competition from other sellers in a seller’s market, as compared to a buyers’ market where there is greater competition.
The original listing price is another element that may have an impact on how long it takes to sell your house. Setting a fair and competitive asking price right away will help to draw interest from buyers and raise the chances of a quick sale. On the other hand, your home may take longer to sell l if it needs to drop its price to attract bidders and its final sale price may be lower than anticipated. It’s important to keep in mind that additional elements, such as the state of the house, marketing and staging efforts, and the general level of demand for homes in the neighborhood, can also affect how long it takes to sell a property.
You can negotiate these obstacles and improve your chances of a successful and profitable sale by working with a Realtor. In the end, while it might be challenging to anticipate how long it will take to sell your home, careful planning, preparation, and execution can assist to raise the likelihood of a successful result.
How can my real estate agent help me sell my house?
When you sell your house on your own, you keep all of the cash. And that is truly tempting. However, working with a real estate agent can offer value in unexpected ways, and you can even get more for your money. They can be incredibly valuable in terms of price, strategy, marketing, and bargaining.
It’s easy to feel frustrated when criticisms and exaggerating factors come in when selling your house. On the other hand, a qualified team can ensure that communication is clear and that your sale proceeds fast and successfully.