Even though selling your home is a normal event in life, it’s completely ok to have some reservations and anxiety about the process. That’s why its important for you to take your time with such a big decision. The first step is figuring out how much you may be able to get for it.
Step 1: Estimating Your Home’s Value
According to NAR statistics, the median sale price in March of 2020 was $280,600. That research also shows that home sellers in 2019 had an average equity gain of $60,000. You can estimate your homes value by entering your address into our free CMA valuation tool below. Fathom’s professional real estate agents in Little Rock, Arkansas look at countless transactions and ask certain questions regarding your property to give you a rough idea of what your home is worth. This estimate indicates how much community buyers may offer for your property, which is typically 90-95% of your home’s market value.
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Step 2. Choosing Your Listing Agent
A ‘listing agent’ is the real estate agent that represents you and has a responsibility to look after your best interests. Which agent you select is up to you, so it’s considered a smart practice to meet with several before making your decision. It’s also good take their experience and effectiveness into consideration.
Common inquiries include questions about your home listing agreement, including the duration of the listing period, the commission you’ll be paying for the services, and who pays the purchasing agent’s commissions.
Step 3: Getting Your Home Ready to Sell
What’s needed to prepare your house to sell isn’t the same for all homeowners. For some homes, a simple decluttering and cleaning may be do the trick, with a little enhancing of its curb appeal. Some also consider enlisting a professional stager to create an inviting environment, using your own furniture or some that they provide.
Any necessary repairs should also be addressed. If there are pets living at the home, it’s also a good idea to consider other accommodations for them for a little while. Bear in mind, you only have one opportunity to earn a good first impression.
Step 4: Market Your Home
Your real estate agent (or you, if selling yourself) will need to pinpoint the strongest features for your home, and apply the best strategy to market these strengths. Modern real estate companies have an arsenal of traditional and high-tech options to promote your homes desirable characteristics, including drones, 360 degree virtual tours, and hi-resolution digital photography.
Your property’s online listing is often the most effective element in real estate marketing, because more than 1/2 of potential home buyers are shopping in the web. Fathom Realty’s advanced marketing resources have the ability to broadcast, syndicate and even saturate the market with exposure for your property, using the web, social media and other strategies.
Step 5: Showing your Home
You’re going to receive more showings if you’ll allow your real estate agent to use a lockbox or keypad. That allows them to show your home at shopper’s convenience. If you do opt for appointments, attempt to be flexible. Holding an open house is also an option is also an option your agent may consider.
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