Beginners Guide to Selling a Home

Real estate agents help people buy and sell property. An agent that sells homes is called a listing agent. The agent must receive training and earn a real estate license. Agents work as the mediator between two parties who are seeking to sell and buy property. Negotiation is the primary element of the real estate agent’s work, acting as an intermediary between purchaser and seller and will often make negotiations on the client’s behalf. An agent will ensure that the transaction of selling your home is equitable and fair.

Four Things a Seller Should Do Before Contacting a Real Estate Agent

  1. Finding out the value of your home, determining the mortgage, and waiting to make home improvements are just some of the tasks that need to be addressed first. Researching nearby home values and recent comparable sales gives a good rough estimate. Knowing what you owe on the mortgage will help prepare you when presenting the property to the realtor.
  2. Gather your loan documents and turn your estimate into a precise figure. Be forthright about any property liens, disputes, and tax issues. Using a home value calculator or home value report, which are available on the web, will help analyze your home’s value.
  3. When trying to figure out your current mortgage, you can use an outstanding loan balance calculator. This will project your current financial situation. Finally, waiting to make home improvements is important because some home improvements are expensive and not cost effective.
  4. Working with your agent will help determine what upgrades to make that benefit you especially if you are on a limited budget. There are other things to examine when getting ready to sell your home but value, mortgage, and waiting to make home improvements should be acknowledged before contacting a real estate agent.

Hiring a Realtor

  • When searching for a realtor, research local agencies. The agent should have knowledge of the area you are looking to market your home. They will provide a competitive market analysis to arbitrate a viable listing price. Some of the activities an agent performs for a client are researching currently listed properties, explaining market value, and creating a listing agreement. The listing agreement will give an overview of projected market value, marketing goals, and strategy. This is a contract between seller and agent.
  • After the listing agreement is signed then preparations are made to sell the property. The agent will review house plans, obtain seller’s financial obligations (such as mortgage loan company obligations), and create a curb appeal assessment.
  • The Curb Appeal Assessment will enhance the front of your home’s appearance. After the home is put on the market, the agent will negotiate price on the seller’s behalf. A realtor has many other duties they perform when selling property.

Making Preparations to Sell Your Home

After the real estate agent assesses the property, then you will be ready to make improvements. The first step will be to clean your home. A clean home is the number one focal point.
Work on the curb appeal. Consider giving your front door a makeover. Replace gutters, repair the roof, and pressure wash the house. Tidy the front yard. Consider adding some outdoor décor, such as landscape lighting.

Hiring a professional to handle home repairs could save you money. Your agent may help with advice to add simple decorations, fresh paint, and fixtures. Ultimately your agent will give guidance with any upgrades and selling points. Your listing estate agent will stage your home to potential buyers.

Letting a Real Estate Agent Sell Your Home

  • Agents are skilled marketers. They take digital photos and post your house online giving online tours of your home in advance. They will showcase your property in multiple databases, as well as social media sites, such as Facebook and their own website.
  • Agent’s conduct open houses, create ads and distribute flyers. A listing agent will screen unqualified buyers, making sure the buyers are preapproved for a mortgage, not just qualified. Once negotiations start with prospective buyers, your agent will assist with evaluating potential offers.
  • Schedule your property appraisal with your agent and then have your home inspected. Your agent can negotiate requests for any repairs.
  • Finally, your agent will help with signing all the documents and title to your home. Selling your home requires work and time. This can be very disconcerting. But once you sell in the end it will all be worth the effort.
  • Hiring a professional listing agent will ease the process of finding the right buyer. Ascertaining the right agent to serve as an advocate is paramount to your best interests in handling and protecting your financial assets. Hopefully this beginners guide to selling your home gives you the confidence to start the process of selling.

Authoritative sources:
https://www.irs.gov/newsroom/top-ten-tax-facts-if-you-sell-your-home
http://www.floridahealth.gov/environmental-health/radon/realtor.html
http://myfloridalegal.com/pages.nsf/main/e8282f80fba76ba785256cc9005e4324!opendocument