If you’re thinking of selling your home in this market, it’s important to ask yourself some key questions to give yourself an edge.
Let’s go over the list so you can stay prepared and in the know!
Am I ready?
The decision to sell a home is not one to be taken lightly. Sellers must factor in closing costs, as well as their long-term plans for their next home. Are they upgrading or downsizing? Are they ready for the commitment of a new home purchase?
If they are not ready to make a commitment to a new home, they may want to wait until they are. Selling a home is a big decision, and it’s important to make sure all your bases are covered.
Sellers also must consider the question of when to sell. The best time to list a property in California depends on the seller’s goals. If they want to sell quickly, then spring and summer are the best times to list. However, competition among buyers is currently high, so the process of selling a home may be more difficult.
How do I find the right agent?
When selling a starter home, finding the right real estate agent is key. Though it may be easy to start your search online, it’s important to compare and contrast different agents to find the one that best suits your needs. Ask your local friends and neighbors for recommendations; they may have someone in mind that would be a great fit for you.
A great agent will have closed multiple deals in your area and can tell you how in-demand your property is compared to nearby South Bay cities.
An agent can guide you through every step of the home sale process, from preparing your property for sale to negotiating the best price. They represent your interests and help you understand all of the closing costs involved before heading to the deal table.
Interviewing multiple agents can help you find the best representation for your needs. It can also help you negotiate a commission fee that works for you. By interviewing several agents, you can get a well-rounded understanding of what each one has to offer and make an informed decision about which one to choose.
How much will selling cost me?
Closing costs and repairs are just some of the many expenses that sellers contend with when putting their home on the market. Determining how much to expect to spend on selling your home can be a tricky task, but it’s important to be aware of the expenses involved.
One of the most expensive line items that sellers cover is broker commission fees. When interviewing multiple agents, it’s important to negotiate on commission fees as they are variable and not fixed in stone.
It’s also important to consider the net proceeds from the sale. Making necessary repairs, touching up paint and moldings, and closing costs are just a few of the expenditures that sellers face. In the end, it’s important to be aware of how much you’ll be walking away with after selling your home.
How do I pick the best offer?
When a home seller puts their home on the market, they will inevitably receive several offers. It is important for the seller to carefully consider each offer and decide which one is best for them. Some factors to consider include the length of time the seller wants to stay in the home, the amount of money they want to receive, and how much work they are willing to do to prepare the home for sale. Ultimately, the seller needs to choose the offer that meets their needs most closely.
The seller that needs to move quickly for work may opt for a buyer who can close on the purchase quickly through an all-cash offer. Meanwhile, the buyer who is looking for the best deal may want to wait for the perfect bid in a bidding war.