If you are looking to sell your home, you are in luck! During much of 2020 and anticipated to carry throughout 2021, most U.S. cities are experiencing a seller’s market! Demand currently exceeds supply, providing the perfect opportunity for sellers to get top dollar for their homes. Let’s explore the stages of selling a home in the current market — in Giphy form.
Making the decision to sell
There are many reasons someone might sell their home. Being closer to friends or family, wanting to upgrade their space or a change in family situation are statistically popular reasons for people to more. Current mortgage rates might also incentivize sellers to try to get in on low rates on a new home.
Interviewing and Selecting a Realtor
With such a momentous event, you’ll want to find an expert Realtor you can trust to guide you through the process. Interviewing agents on their experience, processes, and knowledge will help you gain perspective on who will keep your best interests at heart. Some sellers might want to go at it alone; however, it’s not as easy as you’d think. Marketing, dealing with paperwork and the complex process of selling a home can all cause frustration for those who try to sell on their own.
Getting your House Ready to list
You never forget a bad first impression — the same is true for your home. Foul smells, cluttered spaces, squeaky doors and dirty surfaces can all leave a bad impression on potential buyers. When selling your home, the goal is to profit as much as you can, in the ideal timeframe with as little stress as possible. The longer your home is on the market, the less attractive your home appears to other buyers. Deep cleaning, organizing and completing minor updates can all go a long way to making a great first impression.
The house going live
The day your house goes live will be both exciting and stressful. On one hand, you are hoping you quickly get the perfect offer. On the other hand, you are terrified that nobody is going to like your home. As long as you go into the process knowing realistically what your home is worth, and your Realtor has marketed your home appropriately, you will find a buyer in no time. After all, in 2020 the median time a home was on the market was three weeks.
Frantically cleaning your house for a last-minute showing
Now that your house is live, get ready for showings! The first couple of days will be easy. Your house is already ready from cleaning in step 3, but soon life will get in the way and clutter can return. Try to commit to a daily routine where you tidy up before you go to bed. If you can do this, you can eliminate any hair on fire moments when there’s a last-minute showing.
Watching the offers coming in
Combine a home shortage with high demand, and what do you get? A seller’s market!
Choosing from 11 offers
Not all offers are the same and the highest dollar amount won’t necessarily be the one you pick. Your Realtor can give you the pros and cons of each offer, so you can make a fully informed decision.
Looking for and Finding a new home
Buying a home is both exciting and stressful. You can experience a roller coaster of emotions between making your initial decision to buy and moving in. An experienced Realtor can be an asset in this process.
Waiting for the appraisal to come back
When selling a home, the appraisal is an important step in the process. An appraisal ensures that the price in the contract reflects the value of the home based on location, features, and condition. Unless it’s a cash sale, in which case an appraisal wouldn’t be needed, a lower-than-expected appraisal has the potential to derail the sale of the home.
Packing up the house
You are now on the downhill slope of the home selling process. You’ve found a buyer, appraisal, and inspections have come back, and you are ready to move. Now you just need to pack and prepare the home for the new owners! Packing up your home can be stressful, but it doesn’t have to be. Try to put a plan in place long before your move-out day.
Signing the papers
The day has come, and you have signed all the necessary documents related to the sale of your home. Make sure to hold onto the closing disclosure as well as the packet containing everything you’ve signed just in case you need it in the future.
Selling a home can be stressful. With an experienced real estate agent in your corner throughout the process, it doesn’t have to be. Contact us today to get started. The Blythe Real Estate team has helped people in the Omaha and surrounding areas buy, build and sell homes since 2000. Our team of leading real estate agents will provide accurate information, industry knowledge and expert real estate advice to ensure you understand the process — from start to finish.