Home selling is a major undertaking for any homeowner and preparing yourself and your property for the process is important for a successful sale. As you move forward with your plans to put your home on the Mississippi real estate market, here’s what you need to know.
Deciding to Sell
Every seller would like to tell themselves,” I need to sell my house fast.” It’s an ideal outcome in a home sale, after all. But before even starting out on this particular task, first, make sure of the timing. You should have stayed long enough in your present home to have accumulated a considerable amount of equity. This can be used to cover your remaining mortgage, as well as selling and moving costs. If not, better wait until you have enough equity for a down payment on your next home or you may risk losing money from the sale.
Home equity is just one of the critical details to iron out before you proceed with your home selling plans. It also helps to involve a savvy real estate selling agent early on in the process for valuable planning and guidance. Working with an agent from the get-go is, undoubtedly, the best way to sell your house fast.
Preparations for Selling
A home needs to be enticing to prospective buyers. Depending on its current condition, it may require anything from some minor fixes to a major renovation. You will also need to clean and declutter all of the rooms, even stage the home to boost its appeal. Agents with many years in the profession will have a network of contractors and professionals who can help in making your home look its best.
Pricing Your Home
When pricing a home for sale, many factors must be taken into account, including condition, size, and location. Price the property too high and your listing could languish the market. Price it too low and you may not make enough money from the sale to cover your costs. To ensure a property is priced at fair market value, expert real estate agents use a technique called comparative market analysis. They look at the average home price in Mississippi, as well as previously sold properties in your area that are similar to yours to arrive at a price that’s fair to both you and your potential buyers.
Marketing Your Home
The digital age has made home selling and marketing much easier. Today’s real estate marketing techniques include signing up for multiple listing services (MLS), content marketing, social media advertising, and so on. Choose to work with knowledgeable and internet-savvy real estate agents who can give your property the proper marketing mileage it needs. That way, you can sell fast and with profit.
When the offers start coming in, a seller’s natural inclination would be to pick the highest bidder. But the right offer does not hinge on price alone. Some offers can come with buyer contingencies that may put you at a disadvantage. Discuss with your agent your priorities in selling a home to help you determine the right offer based on factors most important to you.
Escrow, Inspections, and Appraisals
Ensuring your home is in quality condition and fairly priced are both important in the escrow stage. Purchase contracts often have a clause stating that the property must first be inspected and appraised by licensed professionals before money can change hands. If certain conditions are not met, negotiations could either stretch longer than necessary or go down in flames. You can avoid any long-term complications that could emerge from inspections and appraisals while in escrow if you have a good real estate agent looking after your back.
Closing the Deal
At the closing stage of the home buying process, you will be required to show proof that you are the legal owner of the property. You should also confirm that it is clear of liens and other obstacles to homeownership. If there are obstacles, these must be resolved before closing can proceed. Go over the details of the closing with your own agent to ensure everything is in order. Have your agent walk you through the closing process and explain to you each document to produce or accomplish before you sign.
Thinking about selling your home? Or maybe you’re asking yourself, “How can I sell my house fast for market value?” Owen & Co. is ready to answer any question you may have about selling your property. Call them at 228.822.9870 or email them at info(at)owenandco(dotted)com and schedule an appointment with one of their real estate agents today.