Things to Consider When Selling a House
Selling a home is a serious task and a stressful experience. Being prepared is key, especially if your goal is to make the sale go as smoothly as possible. If you have a property that you are planning to sell in the near future, here is a list of questions you should ask yourself before starting the selling process.
When Is the Perfect Time to Sell a Home?
It is possible to sell a property at any time of the year. However, there are certain months and even certain days when selling is easier, faster, and more profitable. Spring and summer are considered the hottest seasons, while fall and winter are the slowest. As for the best months, the results of ATTOM data show that selling in May, June, and July will help you make more money.
How Much Time Do You Need to Sell Your Home?
The time to sell a property depends on certain factors, including the location of your property and the current condition of the real estate market. Statistically, the average home stays on the real estate market for 62 days. However, as mentioned above, there are certain factors that affect the time your property will remain on the market, including the location, the price of the property, its condition, the staging process, and the professionalism of the realtor among others.
What Is the Value of My Home?
There are two factors that determine the price of your property: the level of demand for similar properties and the condition of your home. In order to figure out the exact value of your property, it is recommended to look at comparable sales. You can also ask your realtor to prepare a competitive market analysis for your property’s value.
How Much Does Selling a Home Cost?
The process of selling a home includes many costs. Fortunately, many of them are paid from the proceeds of the sale at closing. In general, you should be prepared to pay almost 10% of your property’s original price in different expenses and fees. They may include the following: repair costs, staging costs, realtor’s fees (about 5–6%), and closing costs among others. It is possible to avoid all these expenses if you decide not to sell your home the traditional way and sell it to a home investor instead.
Are Repairs Necessary Before Listing a Property?
Many homebuyers want to purchase a move-in ready property — one that does not require any major repairs or renovations. Therefore, it is recommended to consider at least some minor cosmetic repairs to make your property more marketable and increase its value. Unfortunately, most homebuyers are not ready to pay top dollar if they see that the home requires big, expensive repairs.
Should You Work With a Real Estate Agent?
There are both advantages and disadvantages of working with a realtor. The biggest advantage is that a real estate agent will guide you through the process and make it easy for you. They list properties, coordinate open houses, and walk homeowners through to closing. They also have access to the local market data and can help you price your home right. However, it is important to remember that realtors receive a commission (5–6%). For example, if you are selling your home for $300,000, the realtor’s commission will be about $18,000.
Sell Your Home Fast and Easily With Frank Buys Houses
All the questions listed above are related to a traditional sale when you work with a realtor. Selling a home the traditional way is a long, time-consuming, and sometimes expensive process. It is good for those who have time and money. However, if you want to sell your property fast and do not want to spend money on unnecessary expenses, then selling it to a home investor should be your first choice.
For those who own a property in Stockton, CA, or any other surrounding town and want to sell it fast for cash, Frank Buys Houses is ready to help. Our investment company buys homes in any location and any condition. We do not require any repairs or fixes because we buy homes as is. All you need to do is to go to our website, fill out the form, and receive a fair cash offer from us that you can either accept or deny. If you have any questions, feel free to contact us. Our agents are ready to assist you.