Selling your home is a tiresome and confusing process that involves a lot of factors which aren’t always clear. Without the help of an experienced real estate agent, it’s difficult to maneuver through it in an efficient and organized manner.
This is why we’ve compiled a nifty guide that will help you understand the process a little better. Here’s what you need to know.
Find Out the Worth of Your Home
With the help of a real estate agent, conduct a comparative market analysis (CMA) in order to get an accurate value of your home. This will allow you to price your home competitively.
Often, buyers are put off if a house isn’t priced correctly, which decreases the chances of your house getting sold on time.
Time the Market
Nevada experiences desert climates, which makes traveling around and touring homes a hassle. In order to attract the most potential buyers, put your house on the market in the fall season when the weather is cooler.
Prepare Your Home for Selling
Once you’ve put your house on the market, you need to get the word out and prepare it for tours and inspection. The first thing you need to do is to take care of any visual issues. Once the major issues have been taken care of, consider renovating certain areas in order to boost the property’s appeal.
Depersonalize and de-clutter your home in order to give it a clean and spacious look. Remove all unnecessary furniture and other items which are taking up space and don’t add value.
Staging your home is extremely important for a fast and successful real estate deal. A staged home sells for 17% more on average compared to a non-staged home, and 87% faster.
Offers, Negotiations, and Purchase Agreements
Once you’ve staged your home and have potential buyers viewing your property, you will start to get offers. The offers will mention how much a buyer is willing to pay, upon which you can begin negotiations.
This usually goes back and forth until both parties settle on an agreement. This is the purchase agreement which is a legally binding contract which outlines the terms and conditions that both the buyer and seller have to meet to complete the purchase.
Inspections and Closing the Deal
After a purchase agreement is signed, your house will go into escrow. This will begin the final inspections of your home from the buyer’s side, giving them the chance to cancel the contract if they run into any problems during the inspection.
Once the inspections are complete, and all other terms and conditions have been met, you will close the deal by signing the closing documents and officially handing over your house to the buyer.
Are you looking to sell your home in Reno NV? Confused about the process and legalities? At Thuy Real Estate, we would love to help make the process a lot easier! We have years of experience buying and selling luxury homes for sale in Reno NV, and have accumulated a vast amount of knowledge and skills necessary to sell your home. Contact us today for all your real estate needs.