Selling Your House – Handling Multiple Offers And Counteroffers

Selling property

Buying a house is one of the most fun and stressful events that you’ll ever go through. And when it comes to selling your house, it can be even trickier than buying because you have to choose who to sell it to and how much they should pay for your home. You can click here for more information.

Here are tips to help you sell your house fast and at the right price.

  1. Know Your Market

You can do a lot of research on the median sale price of homes in your neighborhood, but we recommend that you spend a few days driving around and getting a feel for the market. Look at local real estate listings and call realtors to determine your house’s selling condition as well as when homes in your neighborhood were last sold. Do not assume that just because your house hasn’t been sold in two years that it is overpriced. The situation may be worse than you think.

  1. Personalize the House

If you have time, spruce up your house a bit before putting it on the market. If you don’t feel like doing everything yourself, hire a handyman to paint or stain the deck or clean out the gutters. If you go this route make sure that your contracts are clear and give yourself enough of a grace period that you can still get financing from the bank in case there is any damage done to your house when they’re fixing it.

  1. Set Your Price

Research your local market, but remember that every neighborhood has different prices for comparable homes. If you price your house too high, you’ll only be able to sell it quickly if there is an exceptional reason for that price. On the other hand, if you price your home too low you might have to wait a long time before someone is willing to pay the extra money – and they could end up taking it to another property instead of paying full asking price. Also, your house may sit for a long time with no bids and eventually it will be boarded up, which could be very demoralizing.

  1. Be Honest and Open

Some sellers who are frustrated with the process of selling their house make the mistake of trying to hide or fabricate negative information about their home from prospective buyers. Not only does that give you a bad reputation in the neighborhood, but it also can come back to haunt you at the closing table during negotiations.