There are many things to consider when getting ready to sell your home. This process has become more complicated than ever in recent years. Environmental concerns have become more prominent – everyone wants an energy-efficient home with up-to-date building materials. Seller disclosure statements have also become longer and more complicated. A good real estate professional is an invaluable asset when selling a home.
The series of forms and inspections that you will have to go through can be confusing, and you will need a professional’s advice when determining pricing and choosing a good offer to accept. It is also important to have a realtor who knows the area well, and nobody has as much experience in the central Texas real estate market as the Great Hills Real Estate Group.
This site includes several tools that will help you get started, including free online home market evaluations – Home Valuation Report Form!
Setting the Price
There are several important factors to take into consideration when setting the list price of your house. Two major factors to consider are market conditions and interest rates. Look for similar homes in your area that have recently been sold. How much did they go for? If you are lucky enough to live in a hot area, you will have a much easier time fetching a high price for your home than if you live in a slow growing or declining area.
Homes in neighborhoods with properties that sell quickly are likely to go at or above asking price. Homes in neighborhoods where houses sit for months are likely to sell for less than asking price. In these cases, choosing a competitive price for your home can make the difference between a quick sale and a property that sits on the market for months without a single good offer. Low interest rates will also encourage higher offers from prospective buyers.
Marketing Your Home
Once the price is set, you will need to market your home in a way that results in maximum exposure. Your agent in the Great Hills Real Estate Group will help with this, coming up with a marketing plan that is suited to your area and prospective buyers. You can Request a listing appointment today that will include a presentation of their marketing strategies!
Once you have a buyer (or several prospective buyers) lined up, you will have to negotiate an offer. This is the most complicated part, but fortunately, the Great Hills Real Estate Group will be here to help you every step of the way. Once you and the buyer have agreed on an offer and signed the purchase agreement, this is technically when escrow opens.
Going Into Escrow
It typically takes just a little over a month for the escrow process to run its course once you have accepted an offer. Fortunately, all the cleaning, de-cluttering and repairs that happened before you put your house on the market will help to streamline everything.
During this time, the buyer will be having the house inspected, finalizing their financing, and reviewing the documents that you’ll send over. You will be meeting whatever contingencies are set in the purchase agreement.
Once you are out of the house, the closing documents have been signed, and the funds forwarded to you, you will be free to move on to the next phase of your life in your new home.
When you’re ready to learn more about the sales process and the current value of your Texas home, connect with a member of the Great Hills Real Estate Group. They look forward to hearing from you and to helping you reach your real estate goals. Connect today!