Selling your home doesn’t have to be difficult. In fact, the transaction can be quite seamless, especially if you’re prepared. There are a few specific things that you can do to make sure that you’re knowledgeable about the local housing market and ready for the sales process.

To help you get ready, here are a few important things to know before you set the ball rolling on your home sale

be sure that you can sell your home

Did you know that certain mortgage loan programs have stipulations on how long you have to reside in (or own) your home before you can sell it? This is common for down payment assistance programs and some FHA loans. Or, if you inherited your home, you may not be able to sell it immediately, and even if you can, there may be tax implications. If this particular situation affects you, read more here. So, before you get too excited about putting the ‘for sale’ sign in the yard, contact your lender and make sure that you’re okay to sell. 

hire a good realtor

Hiring a good realtor is always key to a smooth sales process. Look for someone in your local area that has a good reputation and strong listing experience. Do your research and interview your top choices. You want to find a good personality fit. Be honest about how often you want to be communicated with and your expectations. This gives them the opportunity to either calm your concerns or acknowledge that their way of doing business may not be a good fit for your needs.

Whatever you do, don’t go the least expensive route. Successful Realtors know they add value to the transaction. The good ones will be worth every penny… and remember they’re not paid until the house sells, so it’s in their best interest to get your home sold fast.

sell your home fast - Tiffany Nicole Forever Blog

timing is everything

‘When you sell’ can mean the difference between thousands of dollars. It could also mean fewer days on the market. Get to know the sales statistics for your area, and your neighborhood specifically. Your realtor will be knowledgeable about the best time to list your home, but you want to have a general understanding so that you don’t miss the market. 

Tip: This link to a Bank Rate blog post can be pretty helpful in working out when you should sell.

get an inspection

It might be an extra expense, on the front end, but organizing a pre-listing inspection for your home – before it goes on the market – is a really good idea. Home repairs are one of the top reasons that real estate deals fall through. Get in front of the issues by using the results from the home inspection to start making the necessary repairs. You’ll be able to list with confidence and you’ll avoid unexpected repair requests from a potential homebuyer.

is it the right time to sell your home

price right

Don’t be the stubborn seller that ignores local market values and instead wants to list at what they believe their home is worth. While it can be tempting to use a yard sale tactic: list high, hope that buyers will want to negotiate, and hope that you’ll fall right where you want to, if you outprice the market, your home will just sit. No offers. Not interest. The truth is that many of things that sellers believe increase the value of their home, don’t!

Instead, have your realtor do a market analysis. Price your home in line with current market values. The best case scenario is that buyers believe it’s a gem, and you end up with a bidding war. If it’s a strong seller’s market, you might just get more than you expected.