Selling a house in Colorado Springs?
If you find yourself asking the question or throwing around the idea of selling a house It’s important to move forward in an educated and organized fashion to ensure you making the right decision but more importantly protected! Luckily our Courlas Realty listing agents specialize in the Colorado Springs real estate market, and have been helping our fellow community members for over 23 years while protecting their best interest.
Finding a buyer in a hot market could be easy. However, Finding one in a tough market takes planning and preparation, a reputable agent can make all the difference in the world in creating a stress-free real estate journey. As you read through this guide, think through the pros and cons. Selling a home and moving comes with costs, but if done correctly you can set yourself up for a financial gain. Although you may get top dollar in your market, are you able to turn around and upgrade in that same market? Would a remodel eliminate your reasons for selling? Are you able to plan and be prepared for unexpected cost and fees? Continue reading this Home Sellers guide to help you anticipate the process and learn more!
Selling a house checklist
Hire a Listing Agent
Find a licensed real estate listing agent who is familiar with the Colorado Springs area. Be sure this person is experienced, is a full-time realtor, and is committed to helping you full-time. Before selling a house, Interview agents, and find one that suites you, makes you feel comfortable with. It’s very important to have a real estate agent you can trust and if they are familiar with the neighborhoods that interest you and beyond.
Always get or find references but be sure to also ask for the recorded average list-to-sales-price ratio as agents. High ratio signifies accuracy in pricing. What do these agents charge? You might look at the cost and think that you can do as well on your own. Even so, a listing agent or attorney will help keep you on track.
Agree On Marketing Plan
Find a reasonable idea for how to market your home when considering selling a house. Ask about open houses, flyers, mailings, photography, and the plan to reach prospective buyers. If your market is slowing, how will you reach prospective buyers? Who will photograph the property? Will there be online advertisement, flyers and mailings, and open houses? Your agent will help you stand out as a home seller by list the home’s strengths and unique features and promote them in your advertising.
Prepare Your Finances
Selling a house will cost money. To get your best sale price, make sure you have the cash on hand for any necessary repairs or renovations. Then, expect costs for deep cleaning, photography, landscaping, staging, and moving.
Other expenses may include taxes, capital gains taxes, transfer taxes, fees involved with paying your mortgage off and fees to prepare documents. How about incidental costs for title insurance, fees to the buyer’s broker and, real estate attorney fees? Also, do you anticipate an increased cost of living or mortgage and closing costs for another home?
If you find yourself asking the question or throwing around the idea of selling a house It’s important to move forward in an educated and organized fashion to ensure you making the right decision but more importantly protected! Luckily our Courlas Realty listing agents specialize in the Colorado Springs real estate market, and have been helping our fellow community members for over 23 years while protecting their best interest.
Finding a buyer in a hot market could be easy. However, Finding one in a tough market takes planning and preparation, a reputable agent can make all the difference in the world in creating a stress-free real estate journey. As you read through this guide, think through the pros and cons. Selling a home and moving comes with costs, but if done correctly you can set yourself up for a financial gain. Although you may get top dollar in your market, are you able to turn around and upgrade in that same market? Would a remodel eliminate your reasons for selling? Are you able to plan and be prepared for unexpected cost and fees? Continue reading this Home Sellers guide to help you anticipate the process and learn more!
Decide The Asking Price
Sit down with your agent and determine the best listing price when selling a home. Your listing agent can pull prices for comparative homes in the area for your consideration. To arrive at the fair market value, determine your equity and personal investment. Closing costs and fees come from your equity.
Prepare Your Home
Coordinate with your agent, and determine how to fix up your home to bring top dollar. Take a step back and improve the curb appeal. The attention to small details when selling a house can set you apart from the competition, such as landscaping and exterior finishes that may need attention. Especially if the home is not painted a neutral color. Then be sure to find any loose and broken details.
Simplify and declutter. Remove personal items, clear off counters and the tops of furniture to present a simple, impersonal look. Anything you can take away makes the home look bigger and lighter. Ideally, move extra belongings and decorations off the property. Finally, your agent can suggest how to stage the home for showings and increase the opportunity for selling a house.
Get A Pre-listing Inspection
If you would like to sell fast and the market is sluggish, go ahead and hire a home inspection yourself as the home seller. This shows you are serious. It will help attract buyers’ agents and buyers to your property because you’ve taken care of problems ahead of time.
Show Your Home
At Courlas realty Our listing agents can show your home for you. We will provide a break down on all of the standout features covering both the house, and the neighborhood. We also construct and offer a free personalized portal to track the amount of traction and attention your house is ranking compared to other competitors selling a house in your local market.
Review Purchase Offers
Each offer will come with a price, preapproval letter, contingencies, the earnest money, a suggested date for closing, and the date the offer expires. Review the offers and decide on one to pursue.
Negotiate A Win-win Deal
Contingencies offered by buyers can slow down the selling process. Let’s say the buyer requires a special inspection and finds radon or mold. Or the buyer needs to sell their present home before continuing.
You have the option to counter the contingencies when selling a house. You can offer financial incentives, including financing. These may include paying the repairs or the buyers closing costs. This is the time to negotiate a win-win deal for all parties.
Escrow Arrangements
Choose an escrow officer. This person will order a title search, request mortgage payoff information, prepare and record documents, hold and disburse funds, and prepare the closing statements. Decide how to handle resources needed and who will pay for them, usually a listing agent will have recommendations or a preferred for a good escrow officer.
Closing
Finally, The last step towards selling a house is the closing, this is when Now the seller gets ready for the final walk-through inspection, signs the closing documents, and moves out of the home. Congratulations! You’re on to a new cycle.
Save Documents
Save the closing documents. They will be helpful for reporting the sale on federal and state tax forms. Lastly, celebrate being a new home seller!!
