Selling your home yourself is a big decision that can usher in a new, exciting period in your life. However, it’s not as easy as sticking a “For Sale” sign in the front yard— the process can be fraught with stress and frustration if you have not taken some necessary precautions. Here are five tips that offer insight in to how to sell your house.
Even the most inexperienced home sellers should have a basic understanding of the current market before putting a home up for sale. Look at recent sales in your neighborhood to see how much comparable houses sold for and for how long they were on the market. Online real estate sites make it easy to search for houses with similar square footage, number of rooms and same level of amenities.
Time of year
Selling your home yourself is almost always easier in the spring and summer months, which is also when the market value of the house will also be at its highest. The warmer months are also better for attracting serious buyers to open houses.
The condition of your home
Making sure your house is not only presentable but up to code is one of the most important things to consider before selling a house. A house that shows well may have many potential buyers, but they will run away if there are problems with the structure and integrity. Roofing, electricity, plumbing and foundation issues, for example, should be addressed before putting the home on the market.
Hire a real estate agent
Some people think they can get the most money out of their transaction by selling a house themselves. However, this can lead to a logistical and financial nightmare. A real estate broker will provide essential advice on how to market your home and getting the most out of the sale. They will also handle the difficult, complicated and often awkward negotiating during the closing process.
Find how much mortgage is due
It’s common for people to sell their homes before paying off their 30-year mortgage, but finding out the exact amount still due is important to determine the selling strategy. Your real estate agent will want this number to strategize the best way to sell your home in San Diego.