Learn from the Experts: Real Estate Brokers Lay Down Guidelines that Can Help Sell your Home

Selling a home may be a nightmare if you do it without proper preparations. But with the help of a real estate broker, your home may be out in the market in no time.

After meeting up with a trusted real estate broker, they will tell you to do the following accordingly:

1. Have a CMA or a Comparative Market Analysis report.

   A CMA report can help estimate how your home might be worth based on the average price of the properties within a mile radius. If you know how a home for sale is priced within the range of your neighborhood, your home can compete in the market. Overpricing can put your home at risk of staying in the market for a long time.

2. Prepare the home.

   Remember: First impressions last. Homebuyers will not bother asking about a shabby house. And during home surveys done by interested homebuyers, the amount of repair needed for the house affects the negotiating process — more repairs means bigger demand for a discount.

   Start with the basic cleaning, remove unattractive sights in the house. Consider plastering, re-painting the walls and the exterior, sanding the worn-out floor or buy a new carpet, or re-touching the landscape. Then if really needed, have a new roof, do some bath and kitchen remodeling, or electrical and plumbing updates. You may also consider sod replacement, to make your house homier.

3. Have your real estate broker do the advertising.

   Even with a 3 to 6 percent commission added for a real estate broker’s advertising services, think of the other things they can spare you from: the tedious effort to sell your home. Real estate brokers can do all the advertising for you through the papers, the internet, through open houses and other useful campaigns.

Knowing these steps can make your sale smoother, but some transactions can hit some bumps too. The buyer may have financing issues, or questions and request during the home inspection. But to prevent this, be prepared and purchase a home warranty for the buyer’s use or try offering them a repair credit. This can attract more potential buyers.

Selling a property is not as easy as it looks. You must do the necessary preparations and listen to your real estate broker. Do necessary touch ups, price appropriately and entrust the advertising to your home broker.

This entry was posted on Thursday, July 2nd, 2009 at 2:56 pm and is filed under Real Estate Brokers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.