Selling a home for the first time can be just as troubling and just as difficult as purchasing a new home. While the experienced real estate investor may or may not have a regular realtor and enough experience to make the process easier to live with, it is never actually easy. For anybody who does not buy and sell real estate on a regular basis, care should be taken not to fall into any common traps.
The first step when selling a home should be to make a complete and honest listing of everything about the home. This should not be an inventory, but a list of all of the good points and bad points about the home. If there are unsightly shingles missing on the garage roof, it should be noted. If there are countless gardens that have been meticulously manicured and cared for, they should be noted. A complete list of all of the selling points and an inclusion of anything that may in any way cause someone to object to buying the house. This home list can always be updated and should be kept handy in case any revisions are required about the real estate for sale.
It’s a very good idea to get a Whole House Inspection and Pest & Dryrot Inspection prior to listing the house, and to have all repairs made,
The second step for anyone selling a home or real estate of any kind should be to find a licensed and qualified realtor. The real estate agent will know all of the applicable laws in regards to selling a home. Selling a piece of property or a home is not as simple as signing a piece of paper and getting a check. If the real estate investor is to be truly successful, a good real estate agent will be not only beneficial, but almost a necessity in real estate transactions.
The real estate agent will be better able to answer questions about the local real estate market. A quality realtor will know what the local housing market will bear for prices, what the neighborhood has for homeowners benefits and other factors that are not normally thought about by the average homeowner on a daily basis.
The property seller should maintain a constant stream of communications with the realtor. It is not necessary to call them on a daily basis to see if the home has been sold; they will readily inform the seller of any event of that magnitude. Communications should be kept open in order to answer any possible questions by potential real estate investors and homebuyers.
A quality real estate agent will be able to maintain a position as a liaison between homeowners and sellers in order to more deftly handle all of the different and trying aspects of a real estate transaction.