Selling your home is not for the faint of heart. It can be a stressful and lengthy process, so here’s a guide to help you navigate this new territory.
Hire an Agent
If you’re ready to sell, the first thing to do is hire an agent. They will research your home’s value and help you put together a competitive market analysis. Once you’ve hired someone, make sure they know all the details of what you want them to do. They must understand your expectations so they can help you get the best possible outcome for your home.
Set a Selling Price
The first step to selling your home is to set a price. You can do this by comparing your home’s value to other homes in your neighborhood and calculating the price per square foot. Decide what you would be willing to accept for the property, considering any recent renovations or updates made. Hire a professional appraiser if you are unsure which price point to list.
Get Your House Ready for Listing and Showings
There are four main steps to getting your house ready for listing and showings.
- Declutter and Remove Personal Items – The first thing you’ll need to do is declutter your house. You want your prospective buyers to feel like they could move right in, so keep the furniture and décor minimalistic and straightforward. The fewer personal items you have lying around, the more spacious it will seem. The easier it will be for buyers to imagine themselves living there.
- Make Minor Repairs – With minimal clutter, it’s time to look around and define what needs repairing. If you’re not sure, schedule a home inspection. It’s always better if potential buyers can see what they’re getting before they buy it, and investing in any necessary repairs now will save you time and money down the line.
- Stage Your Home – With your home fixed up and clean, it’s ready for staging with furniture. You don’t want your house looking too bare, but don’t fill it with too much. If you’re not remarkable with interior decorating, your realtor may be able to get you in touch with a staging professional.
- Take Pictures – When you list your home, you need high-quality pictures, so potential buyers have an idea of your home before they come to see it in person. Doing this is an essential step that you should never skip!
When you put your house on the market and host a few showings, you can expect the offers to start coming in. This is when you have some negotiating power. If you have multiple attractive offers, you may not have to negotiate very much, but you may feel inclined to negotiate if you only have one or two options. Maybe you want more money or require more time before closing. Don’t be too afraid to negotiate for what you want.
Accepting the Offer and Closing
After you accept an offer, you need to do a few more things to close the deal. The first step is meeting with your lawyer, who will prepare all of the legal documents and make sure everything is set for the closing day (typically 30-60 days after the offer). If you’re not using a lawyer to handle this part of the process, you can take care of all of it yourself through your mortgage company.
Next, your lawyer will draft a contract signed by both parties and then file with your local registry office. It’s essential to go over this contract carefully because it sets out how much money the buyer will put down and what happens if either party decides not to go through with the sale. You’ll also have a chance to review other parts of the agreement about any possible liens or encumbrances on the property.
The next step is obtaining a home inspection, usually conducted between 10-14 days before closing day. Your purchase agreement should specify when you’ll perform the inspection. If the assessment goes well, you’re all set to sign closing papers and sign the title of your house over to the new owner.
Sell Fast With Utah Sell Now
Like we said, selling is a long, stressful process. But if your priority is selling your home fast, you have another option. You can sell your house to Utah Sell Now. We buy houses with cash, and we can even close in as little as a week. If you’re ready to sell your Salt Lake City, Utah, house, or home in the surrounding area, contact us today to get started!