Buying or selling a home is a major transaction. In fact, for most of us, it’s one of the biggest transactions we will ever make. Before you jump into the real estate market, take some steps to set yourself up for success.
Find a Realtor
Your real estate agent is a partner in the home buying and selling process. Therefore, it’s important to work with a dedicated and reputable realtor who will advocate for your best interests.
When you interview real estate agents, ask prospects how they intend to help you with the process, ask for references, and learn details about recent transactions.
Before Listing a Home
When you’re selling a house, you want to get the best price for the property as quickly as possible. One of the best ways to make that happen is to hire a professional home inspector early in the process. This provides an opportunity to uncover any issues that may arise, get them repaired, or price your listing accordingly.
Sellers should touch base with their real estate agent before making home improvements because very often sellers won’t get a return on their investment. If the seller is prepared to make improvements, they should reach out to their agent with how much money they’re willing to spend and the agent can help them spend it wisely.
Finally, the adage “a picture is worth a thousand words” is especially true in real estate, and you want your listing photos to help your home stand out from the competition. An experienced real estate photographer like Rachel Carter can perfectly capture your home, and show off its best features. If you prefer the DIY method, she offers a wealth of tips for using your DSLR or your smartphone camera.
Know the Local Real Estate Market
Buyers and sellers should get a feel for what the area housing market is like. Buyers can visit open houses to get a better idea what is available in their price range and establish what their priorities are. Sellers should also explore the competition. As Forbes explains, being familiar with the local market will help you set a reasonable price for your property and give you a better idea of what is selling and why. And while it’s not necessary to make repairs before connecting with an agent, you should do some decluttering and depersonalize your home. Clean your home thoroughly, and take steps to enhance your home’s curb appeal by tidying up your landscaping.
Preparations Are Key
Taking a few important steps can ease your home buying or selling process. Touch base with your lender, know the market, select a real estate agent carefully, and make sure your listing photos pop. Good planning is the key to success!