Analyze your local market, including the current inventory of
homes for sale, recent sales, and housing prices. Are homes moving quickly, or
are they staying on the market for a long time? Are you prepared for a quick
sale or do you need time to find a new home? Websites like Trulia, Zillow and
Realtor.com are good starting points for this information as are local real
estate agents.
Decide How to List
Select how you'll market and list the home (e.g., with a real
estate agent or for sale by owner). There are pros and cons to each, but unless
you are experienced at selling homes, it usually makes financial sense to get
professional help—homes sold by agents typically sell at a higher price and spend
less time on the market. An agent will also help you determine the best pricing
for the house, they'll market the home, and they'll be your advocate throughout
the process.
Be Prepared
Inspect your home—inside and out—for needed repairs, cosmetic updates,
and general maintenance. Don't make the mistake of not thoroughly inspecting
your home to look for areas of improvement. Finally, you might consider talking
to a staging specialist, or staging the home yourself, to maximize your home's
appeal to buyers.
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