The process of selling your home can be a bit unnerving, from selecting a REALTOR and pricing it correctly to making your property shine for that first showing. Let us tackle some common questions of first-time and repeat home sellers.
You should interview a minimum of 3 agents from 3 different companies in the marketplace in which you live. A listing agent is the individual solely responsible for marketing your home. Every real estate agent is an independent contractor, so you can have a great experience with a small company if your agent is aggressive and hard-working and you can have a bad experience with a larger company if your agent is part time or lacks knowledge. While interviewing, you should request from the agent his or her resume, marketing plan, past sales in your neighborhood or area and a recommendation from a past client. Also, it’s very important whether the agent is a listing agent or one who represents buyers. These are two totally different functions of real estate. Selling a property for a homeowner is a much different process than working with a buyer in finding a house.
There are a few websites out there, including Zillow and Trulia that can provide you with estimate of value on your home. It is important to consider that each individual property is different and that these sites typically do not take into consideration the interior features of your home. You could pay for an appraisal from a licensed appraiser which will typically cost $300 to $400. Also, you can have a few real estate agents go through your property and have each provide you with a free estimate of value, based upon current market conditions, neighborhood sales and listings and the specific details of your home. You should not necessarily put your property up for sale with the agent who comes back to you with the highest value. Utilize our free Home Evaluation tool and let us send you a comprehensive market analysis.
This is very important in our current market, which is a price war and a beauty contest. See our tips for getting ready to sell.
The marketing plan of each agent is different, but it should include professional photography, internet marketing, regular print advertising and feedback reporting. Take a look at our marketing strategy and how we can help you sell your property.
There are a variety of times when it is better to sell a property and each market can vary. In Philadelphia, the spring selling season begins right after Super Bowl weekend. March, April, May and June are our best months and historically, by July 4th, the market slows down considerably in terms of sales. There is a shorter window in the fall where activity picks up, which occurs typically around the 3rd week in September to Thanksgiving. December and January are usually quite slow due to the holiday season. Currently, the average days a property remains on the market before is sells is approximately 119 days.