Common Questions and Answers About Selling Your Home

Common Questions and Answers About Selling Your Home

questions and answers about selling your home

 

Selling a home often sparks many questions. Maybe this is your first time listing a home. Where do you even begin the process? And even if you have sold dozens of homes, there are lots of questions that can still arise with the process. This is because the regulations, rules, and business tactics shift daily.

Questions about selling usually arise before the process officially begins. It’s important to understand the procedure before beginning. Many times the best way to understand the selling procedure and be well-prepared is by asking questions. The importance of interviewing a Realtor when selling a home cannot be overlooked.

So what would you ask a Realtor? Below are frequently asked questions by home sellers about pricing, procedure, and offers.

When is the best time to sell my home?

In Idaho, the best time to list your home for sale is in the spring and into the summer months. Something to keep in mind though, is that competition is higher during the spring and summer months as well. Selling in the winter will have you competing with less sellers, but in Idaho where the demand for a home outweighs the supply, competition shouldn’t affect your ability to sell.

If we want to get more specific, it is also recommended that you list your home on a Thursday, because most buyers are looking at listings closer to the end of the week in preparation for open houses. If you list your home earlier in the week, you risk having your listing pushed to the bottom of web pages.

How is the Idaho real estate market right now?

Multiple magazines and newspapers have deemed Boise, Idaho the “fastest growing city in the U.S.” Currently, the demand for homes in Idaho greatly outweighs the supply, so prices are rising. It is a great time to sell. But homes here are still much cheaper than homes in other states. This is a huge factor in why so many people are moving here. Click here to read more details about the current Boise real estate market.

preparing your home to sell

What should I do to prepare my home for sale?

The saying “You never get a second opportunity to make a first impression” is especially true when it comes to selling a house. There are several things you want to know before listing your home for sale and making a good first impression. Some of these things include: remove all clutter, add a fresh coat of paint to the interior and exterior of your home, and make sure odors are non-existent. Click here for a step-by-step guideline of how to prepare your home for sale.

What information should I disclose to prospective buyers?

When selling a house, it’s important to inform prospective buyers of everything you’re aware of at your house. You wouldn’t want someone to be surprised by something upon move-in. Be honest about all flaws, but it is usually best to invest in repairing them before selling. This can avoid possible issues or lawsuits once your home is under contract, after inspections, and even years after you’ve sold your home.

How do I find out how much my home is worth?

There are a small number of techniques that Realtors use to determine the value of a home. The most common procedure to determining the worth of a residence is by finishing a comparative market analysis (CMA). A CMA is a comprehensive evaluation of comparable homes marketed in the past 6-12 months. A CMA is not a crystal ball which determines what a home will sell for, however, if done with a top Realtor, it should greatly narrow the selling price range. A professionally finished CMA will take into account many features of the house, surrounding region, and neighborhood. It will also take into account the square footage, number of bedrooms, number of baths, kitchen upgrades, home style, flooring type, and so much more.

how should I price my home

Should I price my house higher to leave room for negotiations?

This is a common mistake that many sellers make. Many sellers believe they need to price their house for more than what their Realtor recommends to leave room for discussions and offers. But this will only prolong the time your home is on the market and you will likely reduce the price in the end anyway. A home that is priced fairly and accurately will sell fast. And sometimes, if multiple buyers are interested in your fairly-priced home, they may make higher offers. Pricing reasonably just makes the process smoother for everyone.

What are common closing expenses for home sellers?

Sellers often wonder, how much will it really cost me to sell my home? There are expenses that the buyer will have the seller won’t and vice versa. Typical closing expenses for house sellers are: real estate commissions, tool questionnaire, the abstract and name search, and transfer taxes which also are known as revenue stamps.

appliances in your home

Should I include appliances or leave them?

In many cases, the appliances at one house will not fit or look right in another. It is up to you if you want to take your appliances or leave them. But keep in mind, appliances do not add much value to your home since they are considered personal property.

How will my Realtor advertise my listing?

The times of putting a sign in the front of a house and waiting for the right person to drive by are over. A comprehensive marketing program is something that you should expect from your Realtor when purchasing a house. An experienced Realtor ought to have a powerful social networking presence and a quality website. Since more than 90% of buyer’s are starting their home search online, the value of in which a Realtors website rankings in search results is critical!

Can I be present during showings in my property?

Easy question to answer—no! There are numerous reasons why sellers shouldn’t be present during showings. The main reason you shouldn’t be present at your own home showings is because it would make buyers feel uncomfortable. They need to be able to speak openly with their Realtor and ask all the questions they need to without worrying about you overhearing them. Be sure to leave before the scheduled showing and only come back once you are sure their Realtor and the buyer have left.

Closing thoughts

Buying and selling a home isn’t something the average person does often, so it’s totally okay to have lots of questions! That’s why you have your Realtor at Accel Realty Partners who will guide you through the process and answer all the questions you have.

Have more questions? Get in contact with one of our Realtors! Click here to view our contact form or click here to find the contact information for each of our agents.

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