Whether you are looking to buy or trying to sell your home, you are going to need a professional at some point. But how do you know when to contact a realtor to sell your house? You might feel as though you don’t want to call too early and waste a busy professional’s time before you are ready. But, you also don’t want to wait too long and miss out on valuable guidance when you need it most. If you’re thinking about buying or selling a home, here is how to know when to call a realtor. How soon is too soon?
Selling a Home
If you’re selling your home, there are a few things you might consider before calling a realtor. Considering these tips might just help you get the best value for your home. Our listing specialists will be ready to help no matter how far out you are, because they know how to analyze current market conditions, strategically market your home, and negotiate in a manner that will benefit you most.
Where to Begin
Don’t make any improvements until you have spoken to a realtor. Sometimes it is a good idea to make a few upgrades to help your property sell, but you may have a limited budget for improvements. It’s best to consult with a realtor before making improvements. This will allow you to make an informed decision about which improvements to make for the greatest impact.
How to Price Your Home
The first thing we do when consulting with you as a potential seller is scheduling an in-home, no-obligation value assessment of your property. We’ll help you gauge the real value of your home as well as make suggestions about staging, decluttering, and improving the space to help make the most impact on your asking price. First, find out how much you still owe on the house. Sit down with your mortgage and other financial paperwork. You will need to tell your realtor how much is still owed on your mortgage and if any liens are on the property that could hinder the selling process.
Showing Your Home
It’s time to show your home to potential buyers! Your Listing Specialist can offer helpful advice and tidbits to get through this tricky but necessary part of the home selling process. Our team has over 100 years of combined experience helping families of all sizes figure out how to live comfortably while the house is being listed. your house. When you realtor walks through your house, he or she should see its potential to be able to promote it to potential buyers. Clean your house as if your in-laws were coming to visit. This means no clothes on the floor, vacuum your entire home and mow your yard.
A Successful Closing
With a buyer’s offer in hand, the closing table is our goal line – and finishing well matters. We know exactly how to help you negotiate favorable terms while making the closing process as smooth and worry-free as possible. With The Wall Team, you’re getting a full team of experts at your side every step of the way.
Buying a Home
When searching for your forever home, it’s a good idea have a realtor on your side. A realtor can give you the guidance you need as you plan to make one of the biggest investments of your life. Here are some things that will help you to determine when to call a realtor.
1. Be Realistic
Before jumping into meetings with realtors and attending open houses, homebuyers should be realistic about their budget. Taking a couple of months to closely track spending can give you an accurate idea of the amount of money you’ll be able to put toward a monthly mortgage. Keep that number in mind as you discuss home prices and bank loans.
2. Expect Some Extra Costs
While you’ll have a number in mind for the monthly payments you can afford, there are many extra costs that come with buying a home. Consider the cost of property taxes in your new neighborhood, utilities, renovations you’ll need to make, and closing costs at the time of the sale.
3. Save for a Down Payment
Being responsible homebuyers means being financially prepared. Creating a budget is an excellent way to make sure you’ll be able to afford monthly payments, but you’ll also need to make a down payment up front. The higher your down payment, the lower your monthly mortgage payments. Depending on the terms of your mortgage, you’ll need to have in savings at least 5 to 20 percent of the home’s value as a down payment.
4. Get Organized
When it’s time to apply for a mortgage, you’ll need documentation of income and taxes. Being prepared with those documents will speed up the process and help move things along smoothly. Keep a folder with pay stubs, tax returns, and previous bank statements. Bring the folder along and be ready to offer copies of the materials during the application process.
5. Do Your Research
There are several factors that determine a fair price for a house. Be sure to look at other homes in the area, including those that are on the market and those that have recently sold. Take the condition of the house into account, along with any repairs you’ll need to make. A home inspection will pinpoint any issues that will need to be addressed.
6. Make a Smart Offer
When you’ve done your research, you’ll have a good idea of what your potential new home is worth. Consider the total cost of the house, along with your monthly mortgage payments and other monthly expenses, to determine the maximum amount that you’d be willing to pay. Start by offering a lower number, but don’t go so far below the asking price that you insult the current owner. The goal is to compromise and reach a figure that both you and the seller feel comfortable with.
Buying a home should be a life event to celebrate, not a task to dread. With a little planning and research, savvy homebuyers can begin the process with confidence. You should have a good idea of what you want in a new home. This means that you may want to do some homework first. Hit the internet and browse through Colleyville’s beautiful homes online. If you see some that look like contenders, find time to drive past to see what they look like and check out the neighborhood. Knowing what you want in a new home helps the realtor with finding homes you might be interested in.
Be prepared to listen to your realtor. He or she is a professional who knows the market in your area. A realtor can tell you which neighborhoods are up and coming and which ones are in decline. Realtors are usually skilled negotiators and are well suited to help you get the best deal possible.
Knowing when to call a realtor depends on whether or are buying or selling a home. If you are buying a home, a realtor can help you figure out the best neighborhoods and whether the house you’re interested in is fairly priced. If you’re selling your home, a realtor can help you get the best return on your investment. Whether you are buying or selling, you should always have a realtor in your corner.