Selling a Home
Partner with an Agent
The housing market can be extremely competitive, which can work to your advantage if you are looking to sell. Although some sellers choose to go it alone, working with a real estate agent is well worth the 6% commission. Not only do they share your home with their network and audience, but handle the marketing, negotiations and closing details of the sale. Agents can also help get your home market-ready by staging or having professional photos taken for the listing.
Put it on the Market
It is important to get the pricing right on the first go. Pricing too high could leave your home on the market for months, but pricing too low could be leaving money on the table. Work with your real estate agent and consult your neighborhood’s comps to determine what a good asking price might be. Homes with multiple price reductions usually throw up a red flag for buyers, so it is best to be realistic from the start to attract the widest range of potential buyers.
Seal the Deal
Once the offers start rolling in, your real estate agent will handle the negotiations on your behalf. If you get multiple offers, going with the highest one would seem like the best option, but there are other things to keep in mind when making your decision. Form of payment (cash vs. financing), down payment amount, any contingencies and the proposed closing date are also important factors in choosing a buyer.