Questions to Ask When Selling Your Home

So, you’ve decided to sell your home. All you need to do now is put it on the market and wait for the offers to start rolling in, right?

If only! While it may seem like a fairly straightforward process, selling your home may be more complicated than you think. There are a lot of lesser-known factors that can significantly affect whether your home gets sold, not to mention its final selling price.

To help prepare you for the home-selling process, here are some questions to ask when selling your home.

How Much Will it Cost to Sell My Home?

This is one of the most important things to consider when selling your home. As a seller, you may not face as many costs as the eventual buyer, but that doesn’t mean that it still can’t be expensive.

On average, you should have about 10% of your home’s eventual sale price set aside for fees and expenses. This will help cover costs like:

  • Staging, prepping, and repairing your home
  • Homeownership and overlap
  • Seller concessions
  • Closing
  • Real estate agent’s commission

Of course, you can always cut down on these costs. You may want to try selling without staging your home first, for example. While this is definitely a valid option, be prepared for your home to sit on the market for a little longer than it may have otherwise. One survey found that staged homes sold about 9 days faster than average.

When Should I Sell My Home?

You can technically sell your home whenever you want, though you do need to make sure you can cover the costs listed above. If you choose to do everything you can to help sell you home, the fees can certainly add up!

If you know you can afford it and are just looking to maximize your profits, however, then you may want to consider listing your home in the summer. Research shows that May, June, and July can net you the greatest seller premiums.

Want to narrow it down even further? Try selling your home on a Thursday. One study found that homes listed on Thursdays not only sell quicker, but for more money than any other day of the week.

What’s the Value of My Home?

The value of your home is primarily based on two important factors: demand and condition. Generally, if your type of home is in-demand and in good condition, then you can expect it to fetch a decent asking price.

However, the exact price often depends on the approximate sale value of the other homes in your area. Therefore, if you want to get a better idea of what your home is worth, take a look at what similar homes have sold for in and around your neighborhood. This is often what real estate agents do to help determine your home’s value.

Do I Need a Real Estate Agent to Sell My Home?

Well, you don’t need one, but it can certainly help. It can be difficult to navigate the world of real estate on your own, especially if you don’t have any experience in the field.

If you’re looking for knowledgeable, qualified realtors to help with your home sale, click here to contact Cascadia Pacific Realty today!