Something has you thinking about selling your home but how should you get started? There are a lot of things to take into consideration: finances, jobs, family, social life, economy, real estate market, etc. Here are four smart things to do as you consider your next move.
Research Your Own Home
Today’s home buyers are well informed with an abundance of information regarding home values, neighborhoods etc. You should get that information too.
Visit local websites, such as , which provide free home valuation reports. Get other free reports as well and compare their data. At RochMnHomes.net we use data from the National Association of REALTORS (NAR) and CoreLogic to provide home sellers with two extensive reports about their home’s estimated value and local market information. There is no obligation for these reports so just email us at with your address and we’ll send the reports to you.
Any such report will give you an estimated listing price range and a suggest list price. None of these reports are spot on but all are good-to-know since home buyers can get the same information.
Watch the Homes for Sale in Your Neighborhood
Now that you have some cold, hard data in hand regarding a suggested value for your home, it’s time to get a bit more detailed.
To pinpoint the best list price for your home, start to watch other home sales in your neighborhood. If your home is similar in size, age and amenities, it will likely sell for a similar price.
Attend Open Houses of Similar Aged and Sized Homes
Nothing is more educational than visiting the competition in person. An open house is a great opportunity for you to see just how clean your home needs to be in order to make a great first impression. Check out the staging of the home, the condition, the amenities, the view, etc. After all, that’s what every home buyer is going to do: compare you to whatever else is on the market. You’ll begin to get a great idea of how your home fits in the price ranges your automated reports gave you.
Check Out the Interest Rates
Finally, keep an eye on interest rates. If they are trending upward, you may want to act sooner than later. Higher interest rates impact you as a home buyer as your monthly payments and total interest paid over the life of the loan will increase. Higher interest rates will have that same impact on the potential buyers for your home as well.