The Home Selling Process

The Home Selling Process

According to Keller Williams selling a home is a simple process, but not an easy one. That’s why at Keller Williams we make sure our sellers know what’s going on every step of the way. Here are some simple steps to help you get started on selling your home!

Step 1: Reasons for Selling

It is typically more emotional to sell a home than to buy a home, and the reason for selling your home may be a determining factor in the urgency of the sale. It is important to take the following factors that can influence the sale of your home into consideration. ·        
-Reasons for selling
·        
-Price
·        
-Location
·        
-Condition of the property
·        
-Size
·        
-Design/ Style
·        
-Accessibility


Step 2: The Cost of Selling

It is important to first calculate the expenses that may be incurred while selling your home. This helps because it will give you a better idea when determining a good price for the home, as well as the potential profit that you can get. Things to take account of in the cost of selling your home include: ·        
-Commission to be paid to agent
·        
-Taxes
·        
-Advertising costs or specific reports, such as property inspection.
 

Step 3: Price               
The most important factor when putting your home on the market to sell is setting the right price. This step can make or break the deal. If you over-price the property it may result in a smaller buyers’ pool and a possible prolonged stay on the market that will result in lower offers being submitted. If you underprice the property it may result in you losing money on your investment, and a buyer could offer an even lower amount due to a negative perception of the property or area.

Step 4: Location
You cannot do anything about the location of your property, but it plays a very important part in the marketability of your home. It is important to take the following into consideration: ·         
-Is your property priced in relation to other offers in your area?
·        
-What type of neighborhood is your property located in, is it well established, up-and-coming, or transitional.
·         --Is your property located in an urban or rural area.

Step 5: Condition of Your Property

The condition of your property is always a factor in how quickly your home sells. It’s a fact: acquiring the highest market value and elevating your home above the others in the same price range often comes down to first impressions. Here are some inexpensive ways to maximize your home’s curb appeal: ·        
-Keep the grass cut, and yard clutter to a minimum
·        
-Apply fresh paint to any wooden fences and your front door.
·        
-Clean windows, inside and out
·        
-Wash or paint your home’s exterior
·        
-Ensure gutters and other exterior fashions are firmly attached.


Step 6: Staging

Did you know well-placed furniture can open up rooms and make them seem larger than they are? That opening drapes and blinds and turning on lights make a room seem brighter and cheery? These are true statements, which is why staging your home to look its absolute best is an important factor in the selling process. Here are some tips to highlight your home’s best features: ·        
-Clean or paint walls and ceilings
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-Clean all flooring and fixtures; lights, fans…
·        
-Repair all plumbing leaks
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-Remove excessive wall hangings, furniture and extra personal goods
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-Turn on all lights and open the drapes during daytime
·        
-Play quiet background music and infuse your home with a comforting scent.
·        
-Vacate the property when and if it’s being shown to prospective buyers.


Step 7: Accessibility
Once again, you cannot do anything about your home’s accessibility to specific things, but it does play a role in the price of your property. At Keller Williams we will work with you to highlight the places of interest that are most accessible to your home.  Here are a few important areas to think about: ·        
-Public Transportation
·        
-Main Roads/ Highways
·        
-Shopping Centers
·        
-Schools and other educational institutions
·        
-Outdoor areas- Public pools, parks, playgrounds
·        
-Entertainment

Whatever your reasons are for moving, chances are good that you'll want to make the most of the sale of your current house. These steps will help you in your selling process, even if you don’t know where to start. Contact our experienced Rorabeck Real Estate Group to get started or to answer any questions. Email danrorabeck@kw.com or call (612) 720-1310


Kelsey Rorabeck Headshot
Author:
Phone: 715-529-1410
Dated: March 14th 2014
Views: 2,832
About Kelsey: Kelsey was a student athlete for 4 years at Augsburg College and received the Joyce Plaff (scholar a...

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2424 Monetary Blvd. Suite 212
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