7 Steps to Selling Your Home from the National Association of Realtors:
Step 1: Plan and Prepare to Sell Your House
-Maximize your home’s value by making it look its best
Step 2: Get a Realtor
-Your Realtor can take you through the rest of the steps
-Your Realtor can also take you through the steps of a short sale and save you from incurring a full foreclosure. I have included a checklist of everything needed for a short sale at the bottom of this page.
Step 3: Set the Price
-See below on how to price your home
Step 4: Market It
Step 5: Sell It
Step 6: Closing
Step 7: Moving
How to Price Your Home: by Marcie Geffner
• Abandon your personal point of view
• Get a couple of CMAs (comparative market analysis)
• Do your own market research
• Calculate the price per square foot for similar homes in your neighborhood
• Consider market conditions
• Sweeten the transaction terms. The more appealing you can make it, the more eager buyers will be.
Why Use a Realtor When Selling: by Ron Schmeadick
• Marketing: A Realtor can properly market your homes via multiple channels to ensure that the maximum amount of potential buyers are reached.
• Security: You can ensure that only pre-screened buyers that are accompanied by real estate agents are allowed into your home.
• Negotiating: Your Realtor can take you through the whole process of negotiating the deal and protecting your best interests throughout the entire transaction from beginning to end.
• Monitoring and closing: Your Realtor will be there for the entire transaction whenever questions may arise until the deal is successfully closed.
**A Realtor is a member of the National Association of Realtors. They proudly uphold the NAR code of ethics and display a higher knowledge of the processes of buying and selling real estate. Make sure that your real estate agent is a Realtor.
Source: Realtor.com
