What needs to be done before selling a house

Determine the market value of the property

Before putting a property up for sale, it’s crucial to know its market value. This will help you set a realistic asking price that’s in line with the current market trends. There are several ways to determine a property’s market value, including hiring a professional appraiser, conducting a comparative market analysis (CMA), or using online valuation tools. Once you have a rough estimate of the property’s value, you can set an asking price that is reasonable and competitive.

Make necessary repairs and upgrades

One of the most important steps to take before selling a house is to make necessary repairs and upgrades. This includes fixing any plumbing, electrical, or structural issues, replacing outdated fixtures, and giving the property a fresh coat of paint. These repairs and upgrades will not only make the property more appealing to potential buyers but also increase its overall value. It’s essential to budget for these repairs and upgrades before putting the property on the market.

Check out our newsletter on renovations that give the best ROI.

Declutter and stage the property

A cluttered and untidy property can be a major turnoff to potential buyers. Before putting a property on the market, it’s crucial to declutter and stage the property. This means removing any personal belongings, organizing the furniture, and giving the property a thorough cleaning. If necessary, you can hire a professional stager to help you make the property look its best.

Hire a real estate agent

While it’s possible to sell a property without the help of a real estate agent, it’s not always the best option. A real estate agent can help you navigate the selling process, market the property to potential buyers, and negotiate the best deal for you. When hiring a real estate agent, it’s essential to choose someone who is experienced, knowledgeable, and has a good reputation in the industry.

Gather all necessary documents

Before selling a house, it’s important to gather all necessary documents related to the property. This includes the title deed, property tax records, mortgage documents, and any permits related to renovations or upgrades. These documents will be necessary during the selling process and can help speed up the closing process.

 

If you need help, our great real estate team will be happy to help you sell or rent your property according to your investment strategy.