Five Ways to Speed Up the Sale of Your Home
- Price it right. Set a price at the lower end of your property’s realistic price range.
- Prepare. Get your house market-ready for at least two weeks before you begin showing it.
- Be flexible about showings. It’s often disruptive to have a house ready to show on the spur of the moment, but the more often someone can see your home, the sooner you’ll find a buyer.
- Be ready for the offers. Decide in advance what price and terms you’ll find acceptable.
- Don’t refuse to drop the price. If your home has been on the market for more than 30 days without an offer, be prepared to lower your asking price.
Remember; It’s important to not be present in your home when prospective buyers are there during a showing. It’s awkward for prospective buyers to look in your closets and express their opinions of your home with you there.
Terms to Watch for in a Purchase Agreement
- The closing date. See if the date the buyer wants to take title is reasonable for you.
- Date of possession. See if the date the buyer wants to move in is reasonable for you.
- The earnest money. Look for the largest earnest-money deposit possible; since it is forfeited if the buyer backs out, a large deposit is usually a good indication of a sincere buyer.
- Fixtures and personal property. Check the list of items that the buyer expects to remain with the property and be sure it’s acceptable.
- Repairs. Determine what the requested repairs will cost and whether you’re willing to do the work or would rather lower the price by that amount.
- Contingencies. See what other factors the buyer wants met before the contract is final inspections, selling a home, obtaining a mortgage, review of the contract by an attorney. Set time limits on contingencies so that they won’t drag on and keep your sale from becoming final.
- The contract expiration date. See how long you have to make a decision on the offer.
Ten Steps to Selling Your Home
- Define your goals, wants, needs and expectations. A good place to begin is by exploring your short and long term goals in life and how selling your home fits in. We will walk through a process to thoroughly understand your goals, wants and needs to ensure that your expectations are met.
Determine the best price for what’s going on in the market right now. We assess the current state of the market and what comparable homes are actually selling for by reviewing a Comparative Market Analysis (CMA) on your home. That way, we can objectively determine its fair market value and price it right.
Prepare your property so that it is in top-selling condition. We will work with you to help you see things from a buyer’s point of view and will consult with you on what to repair, replace or remove so that your home makes its best first impression.
Implement time-proven, research-based marketing strategies. Your home will be marketed with a marketing plan that has the highest potential for bringing not only the most buyers, but also the most qualified buyers to your doorstep.
Show your property. Always keep your home in top-selling condition. When you leave for work, vacation, or just temporarily out, make sure that your home remains in top-selling condition in order to make a great first impression for those last minute scheduled showings.
Receive an offer. When a buyer decides to buy your home, an offer will be presented. We will advise you on the offer and whether the buyer is qualified to purchase your home.
Negotiate to sell. Most offers require some level of negotiation. We will work together to determine your needs and will negotiate on your behalf for a price that is acceptable to you.
Have your home appraised and inspected. Once you have accepted an offer, we will work with the buyer’s agent to coordinate an appraisal, inspections and a survey (if required). If the buyer requires that certain repairs be made on your home, we will continue to negotiate on your behalf and recommend vendors, so we move successfully from contract to closing.
Prepare for closing. A few days before closing (also known as settlement), we will contact the title company and the buyer’s agent to ensure that all the necessary forms and documents have been prepared. We will meet with you to review the closing documents and let you know what additional forms and information you need to bring to the closing meeting.
The Closing. At the closing meeting, ownership of your property is legally transferred to the buyer. We will be present to advise you and ensure that everything goes according to plan.