Listing a house for sale isn’t easy. Most people’s main concern when they are thinking of selling their homes is price. For the last several years the property market has been performing extraordinarily. However, analysts predict in the near future it is going to crash. People who bought their houses for extremely high prices are going to end up losing a lot of money. You, therefore, need to think very carefully about how much you are going to list your house for if you are planning on selling it.
Beyond price, there are other considerations people planning on selling their houses need to think about. The most obvious consideration besides price is the costs. There are lots of hidden costs that are tacked onto house sales, like realtor fees and conveyancer costs. If you do not take time to educate yourself about these things then when it comes time to sell your house you could end up getting a bad deal.
In this post, you will find out how to make an informed decision when pricing your house for sale and about everything else that goes along with selling a house.
If you plan on selling your house then the first person you should turn to is a professional. You can either work with a realty agency or an independent realtor as long as they have enough experience and knowledge of the area you are selling in to ensure that they get you a good price. Do not make the mistake of hiring an inexperienced, untrained realtor. Such individuals cannot get their clients good prices for their houses. Remember that your realtor will do the vast majority of the work as far as negotiating is concerned.
Something else that needs to be noted is that a realtor’s reviews can help you to decide whether or not they are right for you. Bear in mind nowadays some companies fabricate reviews. You can easily spot fake reviews by looking at the style they have been written in, the names of the people writing them, and the time between them. Beyond reviews, you may also want to do a little bit of digging and try and find out what your chosen realtor’s reputation is in the local area. You can do this by speaking to people who live in the area around their office.
After you have hired a realtor (as they will do most of the work and will use their expertise and experience to determine a suitable price for your house) you can do a little bit of research yourself. The realty agency you hire will come back to you and let you know what price they think is reasonable. It is then up to you to either accept their price estimate or ask them to price it higher. Of course, there is nothing the realty agency can do to stop you from pricing your property higher than it’s worth although if you do have unrealistic expectations they will tell you.
In order to prevent yourself from demanding more than your house is worth, research house prices in your area and take a look at how much houses similar to yours have sold for. You can do this by signing up for a realty platform and looking at houses that have recently been sold. Bear in mind that house prices are falling right now, so you might not get exactly the same for your house as houses of similar build and size have recently.
As mentioned in the previous section, realtors will only give you pricing advice. A realty agency won’t outright tell you what price you have to list your house for. If you choose to sell it for a certain price (or attempt to sell it) then that’s entirely up to you and nobody can stop you. If you are offered a price that you are not happy with, however, then make sure that you negotiate. Don’t immediately discount an offer just because it is a little low. It is actually pretty normal for buyers to offer lower than a property’s sale value.
If you get multiple low offers, you can negotiate with buyers and get them to all raise their prices and bid against each other. Bear in mind that the process of negotiating with buyers can be very stressful. If you are not comfortable negotiating yourself then you can ask your realtor to do it for you. If you plan on allowing your appointed estate agent to negotiate for you then again make sure they are competent and have the knowledge and experience necessary for them to be able to get you a good price for your house.
You also need to think about the other costs associated with selling a house like those mentioned in the introduction. When the average person sells their house, they only think about the money they stand to make. Very few people think about the money that they are going to have to pay out, however. When selling your house you need to make sure that you factor in the amount of money you are going to have to pay to the realty agency you hire and of course the conveyancer that you hire.
Conveyancers are legal professionals responsible for handling deed transfers. It is unwise to try and handle your home’s transfer independently. As with realtors you need to make sure that you read a conveyancer’s reviews before you hire them. You also need to make sure that you try and find a conveyancer with reasonable prices. While realty agencies take a percentage of the final sale value of houses, conveyancers charge fixed fees. You may be able to pay for a conveyancer’s fees on finance if you cannot afford them and will not have enough money at the end of the sale to pay them back for their services.
Selling a house can be an extremely stressful situation. People who’ve never had to sell theirs before often make mistakes. If you are selling yours then try and get the best price you can for it. You can do that by hiring a professional realty agency.