According to the National Association of Realtors, nearly six million homes were sold within the past year. With the nation in the midst of the third-largest housing boom since 1913, housing values have increased by 53 percent on average since February 2019.
Whether you’re planning to move out-of-state or upgrade, now is the perfect time to sell your house. Although selling a home can seem time-consuming, proper planning could save you a couple grand. With that in mind, here are three steps that any Texas homeowner should take before selling their home.
Get yourself a real estate agent.
The process of buying and selling a house can be complex. This is why most homeowners find the process much easier to navigate with the help of a real estate agent. A real estate agent can help you keep track of paperwork and other tasks, like preparing a purchase contract, negotiating payment for repairs, and keeping good relations with potential buyers.
When hiring a seller’s agent, make sure to do your research. According to Business Insider, homeowners were looking to hire an agent should keep track of the average number of days that an agent’s recent listing has stayed on the market before selling. Besides, you should keep in mind their average price-to-sales price ratio, how many listings your home would be competing with, and how many other listings an agent currently has.
If you’re looking to skip the process of hiring and paying a real estate agent, companies like Bigger Equity use private funds to buy houses and close within a few days.
Make a few repairs.
When homeowners finally decide to sell, it can be easy to shrug off the wear and tear that’s occurred over the years. Taking care of necessary repairs, however, will increase the value of your home.
Painting is one of the cheapest and easiest ways to boost the value of your home before listing it. While you don’t have to paint every room, painting those in obvious need of an update can increase the appeal and overall value of your home.
Set a competitive price.
Setting a competitive price for your house is one of the most important decisions homeowners can make during the selling process. While a price that’s too high can turn off potential buyers, low prices prevent you from making a profit. In order to determine a price point for your house, devote time to looking at comparable homes. Researching the prices of comparable homes will help you set a reasonable price for your home and help you view the process through the perspective of a buyer.
When setting a price for your home, it’s important to be honest with yourself. Compare your house to the competition and do your best to set a price that positions your home as the best-valued home in your local marketplace. If you’re unsure where to start, a real estate agent can help you set a price based on their knowledge of the market and buyers.
With housing values on the rise, now is the perfect time to sell your home. Ultimately, taking the proper steps can help you navigate the selling process with ease and pocket more money.