Selling Your Home In Melbourne, FL
Life is all about changes, including moving away, moving up, and moving out! Along with that comes selling your home if you currently own one. The selling process can seem daunting but researching and having a realtor to help can change your view of selling your home. There are a few commonly asked questions when it comes to the home selling process like:
- How much does selling your house cost?
- Who pays the Realtor when you sell your home?
- How will selling your home affect your taxes?
- Can you cancel selling your home?
- What does the home selling process look like?
If you’re asking yourself these questions, you’re not alone. Plenty of homeowners ask these same questions when they are looking to sell a house. Knowledge is power, and researching is a significant first step when selling your home.
How Selling A House Works
If you are a first-time seller or need to sell a house quickly, knowing the process is half the battle, this is a brief overview of how the selling process works.
Step One: Decide How You Will Sell.
You can choose a Realtor, or you can sell the home yourself. Having a Realtor that will know the ins and outs of the home selling and buying process will help immensely. The realtor can take care of and guide you when it comes to contracts, knowing inspections, knowing the laws of home selling, and overall knowledge of the market, which can determine when you should sell. They can help you find sellable points that you may not have thought of and give you ideas for minor home improvements that can be made in order to increase the value of your home prior to listing it for sale.
On the other hand, if you choose to ‘sell by owner,’ the process can be a bit more complicated since, more than likely, you are not experienced in the laws of home selling. Selling by owner can create a few bumps and headaches along the way. As well as possibly getting push back from the buyer’s agent since they know that you might not know all of the laws involved in selling your home.
Step Two: Decide On A Home Selling Price.
If you have decided to sell your home with an experienced Realtor, they will help you find your ideal home selling price using a comparative market analysis or, in more simple terms, a CMA. This CMA compares homes that have recently sold in the area, the size of the house, and features, giving you a number that can set a standard for your listing price.
If you have decided to sell by owner, you want to do as much research on the market as you don’t want to overprice your home and drive away potential buyers. On the other hand, you don’t want to underprice your home and lose out on the investment that you have made. Therefore, you may want to have an appraisal done by a professional that could cost between $300 and $500. Accurately pricing your home will attract the right buyers and help with how quickly you can sell your home.
Step Three: Setting Up Your Home For The Market
Selling ‘as is’ or fixing up your home can make a big difference in the offers you will receive. Looking to sell your home for a high price tag? Make sure you get all the details on decluttering and staging your home for showings and open houses. During this process, having a Realtor can be invaluable since they are experienced and know what people are looking for. Your real estate agent can also help you by suggesting possible upgrades that you can do to your home prior to listing it, if it’s in your best interest, so that you can sell your home for a higher price. As well as other minor adjustments that will catch the eye of your potential buyer.
Step Four: Getting Offers To Sell Your Home
Getting an offer on your home can be exciting, especially if they offer your asking price. However, this isn’t usually the case. Most times, you will receive an offer below your asking price, and you’ll negotiate. Your Real Estate Agent can help you field offers and offer advice on how to counteroffers. Once you and the buyer have decided to accept the offer, you will sign a legally binding purchase agreement.
Step Five: Inspections & Appraisal
During the inspection and appraisal process, the purchaser has a set time to get these taken care of. Both of these standards are on the buyer to complete and pay for. When the inspection comes back, the buyer can renegotiate if there was a written contingency in the purchasing agreement.
Step Seven: Closing
The final steps in the home buying process are filled with paperwork. You’ll need to make sure you have the proper forms and documents for selling a home. This stage needs to be led by a licensed professional. After collecting all the documents and paperwork, the closing begins. You will agree on a closing day where you will legally transfer the homeownership to the buyer and pay closing costs anywhere from 1 to 3% of the purchase price. Your Realtor will have prepared you for the closing of your home.
Sell Your Home In Melbourne, FL With A Trusted Professional
Research and planning are the best ways to go into starting the process of selling your home. At Shamika Sells, Shamika has lived in Brevard County for over eight years and has had experience selling and buying homes. No matter your timeline for selling your home, get started with a Realtor that can sell your home effectively, and treat you with care. Call Shamika today at 407-930-3570 and set up an appointment to sell your home today.