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Prepare to Sell Your Home

 

Selling your home with a realtor can make the process smoother and more efficient, as they bring expertise, market knowledge, and negotiation skills to the table. Here’s a detailed guide on how to sell your home with a realtor:

1. Choose the Right Realtor

  • Research and Referrals: Start by asking for recommendations from friends, family, or colleagues. You can also look for realtors with good reviews online.
  • Check Credentials: Ensure the realtor is licensed and has a good track record. Look for designations like Certified Residential Specialist (CRS) or Accredited Buyer’s Representative (ABR).
  • Discuss Commission: Understand the realtor’s commission fee (usually 5-6% of the sale price) and what services are included. Please review the new National Association of Realtors guidance on commission/compensation https://www.nar.realtor/the-facts/home-sellers-what-the-nar-settlement-means

2. Sign a Listing Agreement

  • Exclusive Right to Sell: Most realtors will ask you to sign an exclusive right-to-sell agreement, meaning they have the exclusive right to market and sell your home for a specified period (usually 3-6 months).
  • Understand Terms: Review the contract’s terms, including the commission rate, listing price, and any additional fees. Make sure you’re comfortable with the agreement before signing.
  • Cancellation Policy: Clarify what happens if you want to cancel the agreement early. Some contracts have penalties or specific conditions for early termination.

3. Set the Right Price

  • Comparative Market Analysis (CMA): Your realtor will conduct a CMA to determine the fair market value of your home based on recent sales of similar properties in your area.
  • Pricing Strategy: Work with your realtor to set a competitive listing price that attracts buyers while maximizing your return. Avoid overpricing, which can lead to your home sitting on the market too long.
  • Adjusting the Price: Be open to adjusting the price if your home isn’t getting enough interest after being listed for a while.

4. Prepare Your Home for Sale

  • Staging Advice: Your realtor can provide tips or recommend a professional stager to make your home more appealing to potential buyers.
  • Repairs and Updates: Follow your realtor’s advice on necessary repairs or updates that could increase your home’s value or appeal.
  • Curb Appeal: Enhance your home’s exterior based on your realtor’s suggestions to create a strong first impression.

5. Market Your Home

  • Professional Photography: Realtors typically hire professional photographers to take high-quality photos that showcase your home’s best features.
  • MLS Listing: Your realtor will list your home on the Multiple Listing Service (MLS), making it visible to all local agents and their buyers.
  • Online Marketing: Realtors use various online platforms like Zillow, Realtor.com, and social media to market your home to a wider audience.
  • Open Houses and Showings: Your realtor will organize and host open houses and private showings, handling all the logistics to present your home to potential buyers.

 

We are here to advise every step of the process from List to Closing.  Please complete the form below.  We will be in touch soon!

 
 
 
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