In February 2022, the average sales price for an American home was $511,000.
Has this got you excited about selling your current property to get some extra money or to upgrade to a better house? Well, before you take the plunge, you need to know about selling a house. Otherwise, it can be overwhelming, stressful, and not worth your time.
Keep reading to see how the typical process of selling a house goes so you can gauge if it’s the right decision for you.
Going the Traditional Route
First, you’ll want to hire a real estate agent. While it’s not necessary, it’ll be a tremendous help, and certainly worth the money spent.
Another optional thing is getting a pre-sale home inspection. This can help you find anything a potential buyer will see when they get their own inspection later on.
Next, you’ll want to focus on making small yet effective repairs and upgrades. This is where an agent will come in handy, as they’ll advise you on what the best things to fix up are. This might include a fresh coat of paint, new fixtures, etc.
You’ll then want to clean up your house and remove anything that’s too personal, such as family photos. Get professional photos done and put your house on the market.
Show the house and start reviewing offers. Keep in mind you don’t have to accept/reject outright; you can also make counteroffers. These are in writing and give the buyer around 48 hours (or less) to accept/reject them.
When you’ve decided on a final offer, get the necessary paperwork, such as the original purchase contract, mortgage documents, tax records, homeowners’ insurance, etc. You can then close the deal and start moving out!
The typical house selling processing can take around 3 months. So be patient and prepared for the possibility of going back to square one if a potential buyer falls through.
Speed Up the Process of Selling a House
As you can see, the traditional route can be a long process. If you can’t wait and want a more pain-free process for selling a house, you should consider selling for cash.
Because you’re dealing with a cash buyer, you don’t have to wait for them to be cleared for a mortgage loan. Also, you can sell your house as-is, which means no repairs, staging, open houses, etc. If all that sounds like a headache for you, then this route is perfect!
Find more information here about selling your house fast.
Get Started on Home Selling
The process of selling a house can be long and drawn out if you go the traditional route.
Selling your property for a cash offer can be quicker, with less hassle. However, it may put less money in your hands.
So think about the pros and cons of doing either, and from there, you can make the right decision when you put your house up for sale.
For more real estate advice, keep reading our blog page for helpful tips!