People usually make a lot of purchasing a home. While the home-buying process is often full of thrilling hunts and stressful negotiations, there is a lot to handle when you are selling a home, too. If this is your first time selling a piece of residential real estate, you may not know exactly what you should do.
While making a few oversights may be inevitable, some missteps can be costly and burdensome. Here are some guidelines for selling a home in 2018.
1. Research comparable homes
You should start by looking at popular real estate websites, such as Zillow, Trulia and Realtor. This will give you a good idea of how other sellers are pricing similar homes in your area. You should look at the selling prices for homes that have sold in recent months, too. Newspaper listings also give a good idea of the current housing market.
2. Do not price it too high
Resist the temptation to price your house too high. While you want to get the most out of your home, you do not want to let it sit on the market too long. You must get the price right to start. According to HGTV, this is one of the most crucial tips for a successful sale. Price it at market value or even slightly below to generate the most interest.
3. Be ready for the long haul
If you are lucky, your home will sell quickly, but do not count on luck. The selling process can be slow and may feel excruciating if you are not ready for it. It may take a while for offers to start flowing in and even longer to finalize negotiations. Do not assume you will be able to sell your home right off the bat.
Selling a home for the first time may be intimidating and challenging, but if you are patient and follow these tips, you will get the hang of it.