Steps to Selling your Bronx Home
According to the National Association of Realtors 88% of home buyers use the internet as their first source of information when buying a home. Studies also show that Realtors average a better selling price for the home seller because of the ability to properly market the home and the ability to put in the time and effort to get the property sold quickly. Sometimes emotions can get in the way of a sale. That is why having a professional who is focused on getting you the best deal possible makes sense.
When you are looking to sell a home you want to do your home work but you also want to move quickly. Being indecisive and prolonging the process can cost you vital dollars and time. When a buyer is looking for a home they generally look at about 5 to 10 homes. They most often are working with a buyers agent who will determine what properties are currently available to show their clients. If your property is not listed for sale when the buyer and or agent is searching then you are missing out on an opportunity.
Before you list your Bronx home for sale
- See if you need to paint the inside and outside of your home.
- Clean your carpets and touch up your hardwood floors so they don't look worn.
- Curb appeal is important. Make sure the outside of your home is presentable.
- Hire a landscaper.
- Start clearing out the home so it is clutter free.
- Less items in a home will make it look larger.
- Hire a Property inspector to go over all possible issues in your home.
- Hire a handyman to make minor repairs.
- Don't be present. Buyers are making a large investment when buying a home and sometimes tough questions can be asked that you might not feel comfortable answering. It's best to have your Realtor field those questions. Takes the emotion out of the equation.
- Have your agent hold an Open House.
- Require buyers to be Pre-Approved when making an offer. An offer is only good if the person can actually move forward with the purchase. Banks give out two types of letters. Pre-Qualified and Pre-Approval.
- Pre-Qualified is not worth much. The bank doesn't perform a thorough check for this form of letter.
- Pre-Approval is what you want. This is when a bank performs a thorough check on a persons income and credit. They also require W-2's and other financial documents before giving out a pre-approval letter.
- When offers come in that are below your asking discuss your options with your agent. Most often a counter offer is advised.
- In sellers markets homes sell fast but in buyers markets homes can take a little longer. Stick with it and make sure your home is ready to receive an offer.
Your Agent works for you. Make sure you discuss all your needs with him/her so that a proper strategy can be developed to sell your home as quickly as possible. NYS law requires that an agent work in your best interests and their loyalty belongs to you. Working as a team will make the process smoother. Again your agent should handle the negotiations when offers start coming in.
If multiple offers come, in go over them with your agent to weigh the pros and cons of each offer. Full price offers might seem better than offers less than full price but as they say, it's all about the details. You want to make sure the deal can get done in your timeline. Your Realtor can give you insight on which offer is best and why.
Have you thought about selling your home on your own? Selling a home is easy right? Not exactly, even the founder of a major website that helps people sell homes without an agent ended up using an agent to sell his home. His name is Colby Sambrotto and he attempted to sell his home his way but ultimately needed the help of a Realtor. Click here for the article, yes it made headlines and spread like wild fire.
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