Selling a home is a difficult process with so many things to do and aspects to consider. To get the most out of your home sale, it pays to be prepared.
Check out my step-by-step guide that covers everything, from things to do before selling a house to closing the deal.
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- Deciding to sell
Traditionally, the best time to sell a home would be in the spring and summer months. However, the Las Vegas real estate market offers sellers great home sale opportunities all year round.
The strong local economy and low living costs contribute to the number of residents moving to the area every year. Thus, the need for housing options has been steadily increasing.
Regardless of the time of year, if you’ve outgrown your home or need to relocate for a job, then don’t hesitate to put your property up for sale.
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- Pricing your home
Getting the price right the first time is crucial for any successful home sale. Review current Las Vegas real estate prices and look at similar properties sold in the area to get a better idea of how much to price your property.
Hire a reputable Las Vegas realtor to do a comparative market analysis for an accurate and competitive price. When looking for an agent, make sure they have experience in your area and in the type of property you’re selling.
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- Preparing to sell
Once you’ve decided on a price for your home, it’s time to make sure your home looks its best. Your property should be in tip-top shape from top to bottom, inside and out.
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- Boost your home’s curb appeal by repainting the walls and fences, clearing out the lawn, and cleaning the gutters. Putting plants in the front yard can really improve the home’s look.
- Staging your homecan be as simple as removing clutter and personal items. You can also rent furniture and redecorate to make the space more inviting. Make sure each room has a purpose and highlights its functionality.
- Remember to make the necessary repairs. Walk through your home and identify things that need to be fixed like cracked walls, broken cabinets, and the like. Doing these simple repairs will go a long way in your sale.
Your real estate agent can guide you on how to stage your property or can connect you with a professional stager, as well.
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- Marketing your home
With the help of your real estate agent, identify your home’s best features and figure out how best to showcase them. A good seller’s agent will have thought of a marketing strategy that will allow your property to be seen by a large pool of potential buyers.
A comprehensive marketing campaign typically includes professional photography, an enticing property description, and a virtual home tour. Your listing should also include the asking price and contact details when placed on different websites.
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- Choosing offers
Your agent will help you in going through offers and in choosing the best one for you. Keep in mind that the highest offer is not always the best. Pay attention to contingencies, type of payment, and other factors to determine the most attractive offer.
Consider your options carefully and make counteroffers when necessary. With the help of your agent, you can negotiate for better terms and get the best and quickest deal possible.
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- Escrow, inspections, and appraisals
Your agent will open escrow and order a title policy on your behalf. During escrow, a real estate attorney or title company will handle the paperwork and do a title search.
In Nevada, sellers are required to disclose material defects of the property. This includes mechanical issues, pests, plumbing problems, and the like. Sellers with homes built after 1978 are also required to disclose lead-based paint usage.
The buyer’s lender will require the property to be appraised. If you receive a lower-than-expected sales price or a buyer decides to back away from the deal due to the appraisal, there’s no need to worry. Your real estate agent will advise you on your best course of action.
- Closing the deal
If all goes according to plan, the next step is to finalize the escrow documents. The funds can also be distributed on the same day the deal closes.
Put instructions in your signed escrow documentation on how you want your funds released to collect them quicker.
Get the most out of your home selling experience today!
If you’re looking to sell in Centennial Hills, North Las Vegas, Las Vegas, Summerlin, Southern Highlands, and Henderson, get in touch with me, Loralee Wood, at 702.419.3212 or send an email to [email protected]!
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