How to Sell a House
If you’re like most homeowners, your house is your most significant financial asset. It also holds great sentimentality. You probably have countless memories there, and you’ve spent so much time, money, and effort, making it a special place.
Selling your house is a big deal, so it’s okay to be cautious about it. Just remember, if selling is the right thing for you and your family, it’s worth it!
If you’re ready to make a move, you want to do it the smart way. iHOMESCOLORADO will help you learn how to sell your house quickly and for the most money. We are one of the state’s most trusted sources in Colorado real estate.
Are You Ready to Sell Your House?
Selling a house is a big decision, and it’s important to make sure you’re ready. Before we get to the steps about how to sell your house, talk to one of our specialists about our customer satisfaction guarantee. We treat our clients as customers first and will make sure you cut through the noise and learn the process for when and how to sell your home for the highest and most accurate value. Click here for the highest and most accurate free home value
Whether you’re a few months or several years away from putting a For Sale sign in your front yard, it’s important to know what to expect. Selling your house and moving is a big transition to make, but it doesn’t need to be a stressful experience. Learn how to sell a home the right way with these seven steps!
How to Sell A House
1. Find a stellar real estate agent at iHOMESCOLORADO to learn about “YOUR” selling process.
Real estate agents are a dime a dozen. That’s why you don’t need just any agent. You need the right agent. Find someone who will super-serve you, negotiate the best deal, and sell your house fast! As tempting as it is to have a relative, a friend from church, or your cousin’s husband’s buddy help you, always stick with a vetted professional who has experience and can sell your home for the most money in the shortest amount of time!
An experienced real estate agent will give your home a much-needed online exposure through the Multiple Listing Service (MLS), which will expose it to thousands of potential buyers. Plus, an agent will develop a targeted strategy to market your house to it’s extensive network of buyers and agents. Many programs being sold today that can sell your home, but only a professional will sell it for the highest and most accurate value.
A Top Agent will more than make you money; they will help you know the truth about the market. This will help ensure you know how to make the best decision for your family. Consider this: The latest National Association of Realtors data shows that the average home sold by an agent last year brought in $249,000. In contrast, the average FSBO and iBUYER home went for $190,000. That’s almost a $60,000 difference!
Trust us; working with a great real estate agent helps you have the most predictable experience and get the most money for your home.
2. Price your home to sell.
Remember this: Your home is only worth what buyers are willing to pay and what the market will allow your agent to sell it for. Therefore, you need to think objectively about your home’s value. If you’ve lived in your home long enough to make memories, those sentimental ties could cloud your judgment. So, stick to the facts as much as possible when you estimate how much your home could sell for. It will be easier said than done to price your home objectively, and we know trusting your agent will be a critical factor. A great agent can use the current market conditions and marketing exposure to sell your home for 3%-5% more than others.
The best way to determine your home’s value is to ask a real estate agent to run a marketing exposure anal. This free report compares your home to other homes near you that are comparable in size, have similar features, are currently on the market, or have sold in recent months. The comparison allows your agent to predict what buyers will pay for your home more accurately.
Your CMA will offer several pages of information, including photos and a map of all the properties in the analysis. A true pro will take time to walk you through the results, so you understand exactly how your home stacks up against the competition. With this information in hand, you can work with your agent to set a competitive price that’s based on fact, not emotion.
3. Set a home-selling timeline.
Make the most of the weeks and months leading up to your home sale. If you have an idea of when you want to list your house, break your to-do list into manageable bite-size pieces. Here’s a guide to get you started. Of course, you can adjust according to your own needs and personal timeline.
Interview real estate agents: Take time to find a pro who has a proven track record and confidence to boot. Ask them for their marketing checklist and how they maximize exposure of your home.
Outline a plan: Work with your agent to set priorities so you can focus on finishing one task at a time. The timeline to prepare to sell your home should start with measuring your marketing checklist for 90 days.
Declutter and Marketing: Decide what you can live without until your home sells. The preparation in getting your house ready for marketing will differentiate the price buyers will pay. Many owners make the mistake of working with an agent who is not designated in specialized marketing practices.
Hire a home inspector: Identifying issues early in the home-selling process lets you work the cost of repairs into your budget on the front end, so they don’t wreck your deal later.
Tackle repairs: Ask your agent where your fix-it dollars will do the most good.
Set the stage: Create an inviting space that lets buyers see your house as their home.
Deep clean: Scrub every surface until it shines. Hire a pro to make carpets and rugs look—and smell—new again.
Apply finishing touches: Get your home picture-perfect, so your photographer can capture it in the best possible condition.
Again, the key to keeping stress at bay during the weeks and months leading up to putting your home on the market is to make a plan—and then follow that plan. Working with a pro can help you relax and understand the selling process, so you have realistic expectations.
4. Stage your house and get it ready for potential buyers.
Once your home is in good working order, it’s time to set the stage and show off its best features. That starts with a deep cleaning. Here are some ways to make your house look great.
Scrub every surface until it sparkles. We can’t emphasize this enough! You need to polish your home and keep it clean during showings.
Apply a fresh coat of paint. It might take some time, but it’s time well spent. Plus, paint is relatively cheap, considering the impact it has on making a home look fresh and inviting.
Pay a professional to deep clean rugs and carpets.
Minimize clutter to maximize space.
Once you have a clean home, you can begin to stage for showings. Keep your décor colors neutral and try to depersonalize as much as possible. Take down most of your family photos so buyers can imagine their families enjoying your house. Closets are always important to home buyers, so create the impression of spaciousness by storing away out-of-season clothing and miscellaneous gear.
Don’t forget to stage outdoors too. Clean your front porch and place nice planters near your entryway. If you have a deck, pressure wash it and add a few colorful plants to give the space an extra pop.
Make sure your home is ready for photos. Professional shots that show off your house’s features are an essential part of your online listing. Your agent should help coordinate the photoshoot, so that’s less pressure on you. Here are a few additional staging tips to get your home prepared for its glamour shot:
Stay organized. Again, a tidy home is non-negotiable. Channel your inner Mr. Clean or Snow White and whistle while you work if you have to. Just clean up the place.
Pick up the toys and pet stuff. Babies and puppies sell breakfast cereal but not homes. Keep the kid clutter and pet supplies under wraps.
Add extra touches. A pair of decorative pillows or a few green plants will add life to any room.
Clear the counters. Throw your juicer and blender in the kitchen cabinet. The same goes for your bathrooms. Pitch those personal items in a drawer to keep them out-of-sight.
Add more lighting. Bright rooms make your home look bigger. Open the curtains, pull up the blinds, and let the sunshine in! But before you do all that, be sure to devote time to wash your windows. In spaces that don’t get much natural light, a well-placed lamp can make a big difference!
Go easy on the rugs. Rugs generally don’t photograph well, and they can make your space look smaller. Your agent can help you decide which rugs can stay and which ones should go.
Put a lid on it. Your toilet, that is. Friends don’t let friends leave the lid up during a nice photo shoot.
Keep in mind, staging should bring out the positives of your house without overwhelming potential buyers. When in doubt, less is more. The right real estate agent can help you know the difference between good and gaudy staging.
5. List your home and measure showings.
Home showings are hard to juggle regardless of whether your home is empty or full of kids. If you’re still living in the home you’re trying to sell, these handy tips can help you stay sane and get your home sold.
Tip #1: Make a daily to-do list.
Surprise showings always seem to happen when your home is a complete wreck. Reduce last-minute panic by putting things away as soon as you’re done with them and creating a checklist of simple tasks to knock out before you leave every morning. That way, you’ll always be ready for guests.
Tip #2: Find a place for your pets during showings.
Man’s best friend can be your home deal’s worst enemy. Leaving pets home for showings can get messy, and a yap-happy dog is just plain annoying. Take the fur babies for a joyride or send them to Grandma’s house so buyers can focus on your home’s best features.
Tip #3: Try to be flexible.
Separating yourself from the place you’ve called home can be hard. But if you want to make a deal, you’ve got to give buyers time and space to fall in love with your home. Be flexible about scheduling showings, and don’t make buyers step around you—or your feelings—when they visit.
Tip #4: Tackle the toys.
Paring down the piles of plastic is a tough task, but it sure does make cleanup a breeze. Ask your kids to choose a few favorite toys to keep in their rooms, and then store the rest in bins. Be sure to explain to them that they’ll see their toys again. If they get bored with their selections, you can always rotate toys in and out.
Tip #5: Enlist help from the kids.
Want to ease your load? Give Junior a job to do! It’s a great way to teach the value of hard work. Have a little fun, and build big motivation by running timed practice drills. Don’t forget to recognize a job well done. If you can’t spare extra cash, quality time spent with you works too!
Do the best you can, but remember, you’re only human. There will be days you can’t get everything put away and make it out the door on time. If you get a call for a showing, tell your agent you were running behind so they can prepare the buyer ahead of time. Just don’t miss an opportunity to get your home seen!
7. Negotiate the contract and close.
Negotiations between you (the seller) and the buyer kick off with the buyer’s initial offer. We specialize in negotiations and specific strategies to help you make decisions in your best interests. We will help you pay attention to these details and predict every step of the way.
Closing or escrow date
Special allowances for personal property, home improvements, and closing costs
Contingency deadlines for the home inspection, appraisal, and buyer financing
Additional contingencies such as the sale of the buyer’s current home
Once you and the buyer reach a final purchase agreement, you won’t be sitting pretty quite yet. There’s still a lot to do from contract to closing, which is why 90% of people choose to sell with a professional agent. Here are additional items we will help you manage at this stage of the game:
Don’t wait until the last minute to pack.
Communicate with your buyer.
Keep your home insurance up-to-date until you’ve signed the dotted line.
Make a list of what to bring on closing day.
Remain flexible because delays can, and will, happen.
How Long Does It Take to Sell Your Home?
There’s not a one-size-fits-all answer to how long it will take to sell your home. The average time on the market for 2019 is currently around 80 days—the time from when the home is listed to when it closes. Keep in mind that the number is just an average. How long it actually takes to sell your house depends on the real estate trends in your area and the particulars of your home. Our value is in predicting the stages of selling your home and what you can expect. A market can change but you can expect to have a strategy that helps you make changes. iHOMESCOLORADO understands sellers know there can be challenges, but the value in an agent is ensuring you do not have unforeseen issues. We are proud of creating 1000+, 5-star experiences.
Here are some of the factors that can impact your home-selling timeline:
The hot (or not) nature of your real estate market. If you live in an area with a hot market, you can typically expect your home to sell faster than in markets where buyer demand is low.
The season. If you want to maximize your sale price and decrease the time your home is on the market, listing your home in late spring is going to be your best bet. But that’s not true for every home or market. And ultimately, the best time to sell your house is when it’s the right time for you.
Your home’s location, location, location. Details like what school your home is zoned for, which neighborhood the house is in, and how close your home is located to restaurants and shopping can also affect how long it takes to sell.
Your home’s price point. Larger, more expensive homes can take longer to sell because the pool of buyers is smaller.(4)
The time it takes to get your home sell-ready. If you decide to take on some updates or repairs to your home before listing, your selling timeline will be longer.
The closing process. If your buyers are getting a mortgage, the closing date is dependent on their financing. A home inspection or appraisal issues could also delay your closing
Remember, these are just some of the factors that can affect how long it takes to sell your house. You can talk to your real estate agent about what a realistic timeline is for your specific home.
Sell Your House Faster With a Professional Agent
The best way to have a great experience selling your home is to partner with a professional agent. The right agent should guide you every step of the way without taking over the driver’s seat. At iHOMESCOLORADO we will inform you but not overwhelm you.
Has the idea of selling your Colorado home become a reality? Don’t hesitate to begin the process with us! The form below will allow you to receive a free home evaluation. This is the first step in the successful sale of your Colorado home.
Fill out the form below for your free home evaluation:
*Your information will never be shared with any third party.