Top 10 Things That Help When Selling Your Home
The steps people usually follow to sell their homes in Washington are the same as any other state; however, there are some unique processes and real estate laws that may apply depending on the area where you live.
Throughout the many years I Will Buy House has been investing in Washington properties, we’ve observed things that homeowners should do before selling their houses to avoid losing money. Let’s explore the top 10 things that can help you sell your home in Washington:
1. Look for Different Selling Methods
The way you choose to sell your home will depend on several factors, like time, financial stability, securing a better future, moving to a different place, etc.
The more informed you are about the different selling methods, the better. Consider the following:
Listing your home with a real estate agency
Real estate agencies can upload your property on MLS websites, which is a significant advantage of working with them. The duration of a listing can last anywhere from 60 to 90 days, which is what it typically takes to sell a house in Washington. If you’re not in a rush and are financially stable, you can look for experienced and licensed real estate brokers.
Remember to always check for reviews, ask about their selling methodology, and check fees and expenses.
For sale by owner
For sale by owner follows a similar process as listing with the help of a real estate agency. However, in this case, the owner is responsible for everything. Although some people might have a natural salesperson’s ability, it can be challenging if you don’t have the experience.
Many of the homeowners who try to sell on their own, end up looking for a real estate agent or other methods to market faster.
Sell to a home buyer
Homebuyers and home investors have always existed; over the past years, they’ve become more popular and a top choice for people who don’t want to go through the hassle of selling their home.
Homebuyers provide a unique and fast selling method, with no intermediaries and numerous other benefits that can help save you money.
2. Interview several real estate agents
If you decide to hire a real estate agent, make sure to interview several of them. Compare what they offer and ask as many questions as possible before signing any agreement. Some agents have hidden administrative fees to cover up for the MLS advertisement and other expenses.
3. Study the market
You want to price your house right, regardless of what you would like to get, and the market always determines the selling price. An experienced real estate agent should be able to advise you accordingly; however, there’s no harm if you take a peek at what other sellers are offering around your area.
4. Clean and make small repairs
Clean, make small repairs, and stage your home. The first impression is essential not only for showings but also before taking photos for the listing websites.
Nice-looking and decluttered spaces will be more attractive to potential buyers. Some owners even opt to hire a professional cleaning company, especially for difficult spots, like carpets, wooden floors, and upholstery.
5. Invest in small home improvements
Making small home improvements can change the vibe of your home and make it more attractive. The changes don’t need to be expensive; some easy improvements you can make are painting the walls and changing the garage door. The latter is one of the most inexpensive ways to increase your home’s value — it’s shown to increase value by 4%.
6. Invest in professional photos
If within your budget, invest in professional photos and a 3D tour. Potential buyers will appreciate clear images and a tour to preview the property before booking an appointment. And in some cases, you may even be able to convince someone virtually.
7. Extend your marketing channels
Although the most common way of selling houses is MLS websites, you can use other channels like social media. Millennials have become 66% of the market for first-time homebuyers and guess where most of them are? On social media networks. You want to reach every possible audience, and advertising on social media is relatively cheap.
8. Be ready for visitors
During the selling process, you need to be ready for visitors any day, including weekends. Your real estate agent might call you for an appointment on a Sunday. Be patient: it’s all part of the process. For some time, you’ll have to accommodate your schedule to the buyers’.
9. Make a property disclosure
In several states, including Washington, residential sellers are required by law to make a property disclosure. It’s a written document with information that could concern the potential buyer, such as:
- Property boundaries or neighbor disputes
- Presence of pests
- Condition of all structural components – floors, foundation, ceilings, roofs, etc.
- Condition of the plumbing system and fixtures
- Condition of the electrical system
- Heating and air conditioning system condition
- Hazards, like lead-based paint, especially if built before 1978
A lawyer should be able to properly advise you on the procedure to avoid legal problems that can delay the selling process.
10. Take into account the binding contract and escrow time
If you choose to sell on your own or through a real estate agent, there will be a binding contract and escrow period. The binding agreement is when you, the seller, accept the offer of the buyer and start preparing to close the house.
During the escrow period, an inspection will be performed. Be ready to pay for defects not specified on the property disclosure statement or to lower the price. Otherwise, the buyer might back out of the deal.
I Will Buy House Can Help
As you can see, there are many things to take into account. I Will Buy House is an experienced homebuyer in Washington, and with our help, you can avoid going through several of the points mentioned above. We invite you to contact us, know how we work, and learn the benefits we offer.