What To Do If You Want to Sell Your Home
If you are thinking of putting your home up for sale, remember that it is worth starting to get everything in order. With of sellers of sellers still entrusting the sale of their property to a traditional estate agent, choosing the wrong one may mean that you could be stuck with them for weeks. Here are some tips on how to sell your home as stress-free as possible:
Start selling before you start buying
People are wary about accepting an offer from a seller whose own property is not yet on the market? Ensure you already have moving plans that is viable, but before you start making offers, you really need to be sold subject to contract. Estate agents rarely recommend their clients accept an offer from a buyer without a definite timeframe. You need to have clear communication on when you’re moving out and when will the property be available for the buyer.
Shortlist from the most active local agents
Get your property listed with an active agent you see in your community or online. They most likely can get your property and its details to their network quickly. The ones who have been an agent for a significant time would mean that their network is familiar with their work and their credibility.
Decide how many agents you want to use
It is not necessarily an advantage to have multiple agents at the same time. Some of the difficult to sell properties gets sold with a single but active and highly credible agent. If you would want to use multiple agents, you might want to consider working with an agency. Look for one that is highly trusted in the real estate community. Getting multiple agents would also mean having people to view your home in a significant number. Be ready to entertain the agents and prospective buyers in and out of your home.
Negotiating the offer
Inform the real estate agent of the selling price of your home based on market value. When your estate agent presents you with an offer from a buyer, request that they should provide you with a breakdown of how the buyer intends to finance the purchase. Your real estate agent should never disclose to a prospective buyer how much you will accept for your home unless expressly instructed by you to do so. If your asking price is 1.5M, the agent volunteering that a 1.3M can close the deal, it will cost you money if the buyer intended to pay 1.3M all along.
Where your property has competing offers, ask the agent not disclose one buyer’s offer to another. It may create an auction scenario resulting in buyers overstretching but possibly renegotiating at a later stage. Buyers should be asked for their best and final offers and all information mentioned above confirmed.
After having the buyer’s finances have checked out and accepting their offer, withdraw your property from further viewings. Property listing can affect the buyer’s commitment to proceed with the purchase. A buyer might reconsider the offer if he sees that the home seller is still on the lookout for anther prospective buyer.
Getting to sell your home should be stress-free. The best way to go around it is to work with licensed and professional agents who not only will do the work for you but will be able to advise you accordingly.
Lisa Marie is a founding member and blogger of Filipino Homes. She is a digital marketing professional who works online from home. She is the travel writer, and digital creative behind Pinay Travelista and the homemaker, and housewife-in-training behind Life & Some Sorts.