At one point in our lives, you may find yourself in need to sell your house fast and moving in. Selling and buying a house at the same time involves a lot. Below is an outline of nine steps you need to follow through the process.
Undertake a market Research
To start with, you need to go into the property market and conduct a detailed market research. This knowledge helps you handle potential home buyers and also with the agents. You need to know your area market pricing, social amenities, the duration a home may take to get a buyer, and whether you are in purchasers or a sellers market.
Get an Inspection and A Value Appraisal
Before putting your property on the market, you ought to consider consulting an agent who will value and offer a price tag. Make a point of knowing as much information as possible about your home and the procedures involved. Any necessary credential documents or negotiations should be done in advance to speed up the process.
Know Why You are Selling Your Home
Outline the reasons for selling your home. Some of the reasons may be as a result of divorce and separation, relocation to other places, the need for more space, to help in repaying debts and much more. The knowledge helps in making decisions on what you may compromise and what you may not.
Get the Right Agent
Agents act as a bridge between you and your seller or buyer. Ensure you get experts who are willing to listen to your needs. The agent should also be informed about your buying or selling neighborhood, more so the market.
Know of what to Repair
This decision comes after an inspection is done. The end goal is for your property to fetch the highest value possible. Let your agent inform you on which areas you may need to repair to raise the home value. Don’t bother on repairs that won’t have any value effects.
Get the House Ready for Sale
The phase involves making the home as appealing as possible to potential buyers. Consider doing some renovations and painting to give the home a new attractive look. Ensure everything looks very neatly arranged with no clutter since it turns off most buyers. Put all the furniture in place with good space utilization.
Be Smart In Your Selling
Making it known to the public domain that you are selling your home is all you need to do. Take advantage of social media, marketing agencies, websites, and any other marketing strategies. Ensure you have complete contracts. Your agent should help in screening every potential buyer to get the most qualified ones.
Don’t Sign Into the Next Home Before Getting a Buyer
You intend to have both closings either on the same day or within a few days. However, problems arise as this does not always happen. It would serve you better renting a hotel for the few days you will be homeless. On the other hand, try making use of bridge financing.
Are you Satisfied Yet?
Well, getting a smooth transition will be the end objective. People like you and even agents have been doing it. On the other hand, you may consider working with an home investor. The company rescues you from the worry of wondering when your house will close, the charges involved in paying agents and doing renovations and also gives you a guarantee of having your cash in your hand at closing.