6 Things to Know When Selling Your Home
San Diego is one of California’s hottest real estate markets, but selling a home can still be quite complicated.
There are many factors that go into selling a home, especially if you’re attempting to sell in today’s market. Buyers are more educated than ever before and they know exactly what they want in a new house.
1. Research local trends.
Just because other homes in your neighborhood sold quickly doesn’t mean yours will too.
It could take months (or years) for someone to fall in love with your property, so make sure you do your research first.
Talk to local real estate agents about current trends and try to get an idea of how long homes similar to yours have been sitting on the market without being sold.
2. Get ready for showings
If you were planning on getting some work done around your home before putting it up for sale, now is probably a good time to do it!
Showings are expensive and time-consuming, so having your home look its best at all times will help speed up the process.
Also keep in mind that showing appointments may need to be scheduled weeks or even months ahead of time, depending on how busy your agent is.
3. Prepare for open houses.
Open houses aren’t always necessary but they’re very common when trying to sell a home, especially if you’re working with a Realtor® who specializes in For Sale By Owner listings.
While open houses can be beneficial for sellers who need extra exposure outside their immediate network of friends and family members, they also require additional preparation such as cleaning and scheduling contractors ahead of time.
Be sure to talk with your agent about whether or not an open house makes sense for you.
4. Be prepared for multiple offers.
With so many people looking to buy homes right now, competition is fierce! Even if you’ve found the one and put in an offer, there’s no guarantee that it’ll be accepted right away.
In fact, multiple offers are becoming increasingly common—so prepare yourself accordingly by saving up enough money to write several checks while also deciding which contingencies you’re willing to accept or reject.
5. Don’t let emotions get in the way of negotiating.
Whether you’re selling your home or buying a new one, negotiating is a big part of real estate.
As an owner, you’ll likely be used to receiving compliments on your home and making small changes here and there over time.
This can sometimes cloud your judgment when it comes to deciding how much you’re willing to accept for your house. Remember that you are in control of every aspect of negotiations, so don’t let emotions get in the way!
6.Don’t forget about insurance!
Before listing your home for sale, be sure to check with your insurance company to see if anything needs updating or changing.
The last thing you want is for something bad to happen while someone is inside showing it off!
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