5 Things To Consider When Listing Your Property To Sell

Posted On Thursday, 05 March 2020 21:51

Selling your home is a task that you need to prepare for. Others may say that it is easy to sell a house if you know what to do, but some will say listing your property to sell can be overwhelming and challenging. Different people will have different experiences in selling their properties. When you decide to sell your property, there are various things that you should consider. 

Property for Sale: Important Considerations When Listing It

There are different reasons to sell a home: moving to a newer or bigger property, transferring to a new location, disposing of a property that you never use, and more. Whatever your reason for putting up your property for sale, the following factors and considerations will help make your selling journey more fruitful and satisfying.

1. Timing is Everything

The saying "timing is everything" also applies to the real estate market. In 2018, May was the best month to sell a home in the U.S. However, different factors may also influence real estate market activities—weather, economic outlook, et cetera. Thus, it is crucial to research and take time to understand the best time to sell a property in your area. The fall season, for example, is the best time to list or buy real estate in Teton Springs.

2. Prepare Your Home for Selling

One of the most important things to do when you want to put up your property for sale is to prepare it for selling. Here's a checklist of things that you should do before you list your home:

• Check Your Home's Curb Appeal: Making a good first impression is crucial to selling your home to the right buyer. You don't have to spend a fortune to improve the outside appearance of your home. A few changes like repainting the front door, or placing a few pots of flowering plants on the porch will inspire buyers to check out your home.

• Declutter Your Home: Whoever said selling a home does not require plenty of work? To sell your home quickly, you should depersonalize your property, especially the common areas, before inviting buyers to an open house. Remove personal items such as family photos to allow buyers to visualize themselves living in your property.

• Minor Repairs Are a Must: Prepping your home for sale includes allowing some time (and budget) for repairs. Check doors if there are any loose handles. Repaint scuff marks on doors and walls if you are not having the entire home repainted. Make sure that all light bulbs and switches are working.

• Have Your Home Professionally-Cleaned: Enlist the services of a professional cleaning company to make sure your home is spic and span. You will be taking pictures of your home for your listing, so it is best to have them taken after a thorough cleaning of the property. 

3. Decide on a Sale Price

Before you make a listing, you need to decide on a price for the property. If you have an agent, you will want to discuss the sales price with him or her. If you are planning to do a for sale by owner, you need to find out the real estate market price for your home by looking at other properties similar to yours. 

In general, the following factors influence or affect the value of a property:

  • Location, or properties that are accessible and are closer to schools, shops, public transportation, restaurants, and neighborhood amenities are considered more valuable
  • Supply and demand
  • Size of the property
  • Age and condition of the home
  • Potential for renovation and upgrades
  • Economic conditions

4. Private Selling vs. Hiring an Agent

When you are planning to put up your home for sale, it is essential to consider whether you will be handling the selling process on your own or with the help of a real estate agent. It would be best if you weighed the advantages and disadvantages of hiring an agent versus the FSBO (for sale by owner) method. 

5. Get Your Listing Ready

Now that you are ready to list your property, here are the things that you must remember (whether you have a real estate agent working for you or not):

• Choose a Reputable Listing Agent: Unless you are listing your property on the free property listing sites, always take time to verify whether you are working with a reliable listing agent.
• Use Accurate Descriptions: You may be tempted to insert half-truths in the property description, but doing so can backfire and put off interested buyers who go down to do an ocular inspection.
• High-Quality Photos Are a Must: Many interested buyers will likely look at the pictures of the property listing before deciding to visit it physically. 
• Share Away: Once your property has been listed, use your social media accounts to share the listing to get more views. While you are at it, request your friends and connections to share the listing on their social media accounts, too.

Conclusion

Selling a home can be a stressful and overwhelming experience, especially if this is your first time handling such a transaction. The FSBO method will save you money, but working with a real estate professional offers many benefits, too. It is best to weigh your options carefully before listing your property on your own.

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