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Uzone.id – Selling a house is not as easy as selling food, it is not as simple as flipping the palm of your hand. There are many processes that must be gone through, not just looking for buyers, deals, and getting money.
There are several things that you should know before selling a house, here are the details.
1. Your House Might Not Be Worth What You Think
Remember, just because you’ve lived in a house for years doesn’t mean it’s worth as much as you think. Buyers focus on location, square footage, condition, and market trends, not sentimental value. If you’re emotionally attached, you might overprice your home, leading to a longer listing period.
Ultimately, your home’s worth depends on what someone’s willing to pay. Trust your realtor when they suggest a lower price. They know the market better and can prevent buyers from being deterred by an overpriced house.
2. Staging Is a Game-Changer
Intentional presentation, giving a good impression to potential buyers, and increasing the opportunity to sell faster.
The presentation in question is like a proper house photo, you can use polished existing furniture, or you can rent some cool items to add value to the presentation.
Buyers envision themselves living in your home, making it challenging if your personal style is inconsistent. Staging, akin to home makeup, enhances its best features and conceals imperfections. A well-staged home sells faster and for more money than an unstagered one.
3. The Process Takes Longer Than You Think
As we said at the beginning, selling a house is very complicated. There are many processes that must be gone through, from the preparation, checking the feasibility of the house, not to mention the negotiation process, handover, and so on.
So, just enjoy the process, instead of rushing to make everything problematic.
4. Negotiations Aren’t Just About the Price
When offered a home sale, focus beyond the price. Timing, contingencies, and conditions influence the final sale.
For instance, a buyer wants immediate move-in, while you need more time to find a new place. Or, they insist on extensive repairs before agreeing. Negotiate these terms. Finding a mutually beneficial deal is crucial, as the “best” offer isn’t always the highest.
5. Repairs Can Be a Deal-Breaker
Even if your home looks picture-perfect, there might be issues lurking beneath the surface. Most buyers will have a home inspection done before finalizing the deal, and any significant problems that pop up could lead to either renegotiation or a complete collapse of the sale.
Sellers often get hit with unexpected repair requests after inspections. This can range from fixing a leaky roof to addressing outdated electrical wiring. If you’re not willing to make these repairs, the buyer might walk away, or you could have to lower your asking price. Pro tip: it might be worth getting a pre-sale inspection so you can address any issues before they scare off potential buyers.
6. The Closing Process Is Stressful
Accepting an offer doesn’t end the process; the closing is stressful. Paperwork, deadlines, and coordination between banks, title companies, and realtors can delay it.
Buyers may request final walk-throughs, which can complicate things. Be prepared for chaos and have a good agent to guide you.
7. You’re Not Done Spending Money Yet
The process is not yet done. If you use an agent, you have to pay a considerable commission, an average of 5-6% of the selling price. Then the closing cost reaches 1-3 percent, there may be a repair cost that reduces the results of your house sale.
8. Emotions Will Get the Best of You
And lastly, the process of overcoming your emotional feelings towards the house that is now changing residents. After years of living in a house, there will definitely be sadness when you last leave the door of the house.
Anxiety may exist, especially when the buyer feels that something is wrong with the house you are selling, especially about repairs.
