How Does Selling A House Work?

Whether you are a first-time home seller or you are well-informed about the real estate industry, selling a house is never easy. The whole process comes with numerous hurdles that might deny you the opportunity to close a deal.

It’s even harder when you are selling a house on your own. That’s why it is always good to seek help from a reliable and experienced real estate company like Trusted House Buyers—we’re a family-owned real estate firm that specializes in buying properties across San Diego County.

On top of that we buy houses with cash offers and exactly in the state they are in, so you won’t need to worry about making costly renovations or repairs before the sale. 

But even if you are selling your house through a real estate company, you should familiarize yourself with the whole process. So, how does selling a house work?

Regardless of whether you are selling your house through a real estate company or on your own, there are several important steps that must be taken.

Estimate The Value Of Your House

Before you even list your house, you need to know its real value. With an experienced real estate company like Trusted House Buyers, you will get an accurate estimate of your home’s value so that you do not overprice or underprice it. Besides the estimations provided by your real estate agent, you should also do your own estimation by comparing different sale prices in your area.

You can also get your house appraised so that you can come up with the best and most competitive sale price. If the market is strong, your sale price can be 5 to 10 percent above the appraisal. But in a weak market, the price will be around the appraisal figure.

Home Inspection

A home inspection is one of the most important prerequisites for selling a home. It helps to prevent problems during the sale. A pre-sale inspection will help you to discover problems in your house that are likely to turn off potential buyers. That way, you can have them fixed before you list the house. 

However, if you are working with a real estate company like Trusted House Buyers, you won’t have to fix the problems yourself because we take the house as it is. This can save you a lot of money and time. By discovering and fixing the flaws with your house before listing it, you will have more control over the sale process.

Listing The House For Sale

Once you are satisfied with the results of the inspection, put the house up for sale. You need to take nice photos of the house and post them on different online real estate platforms with the price tag. 

You can also put up a “for sale” signpost in your yard to let people know the house is for sale. Additionally, you should design some flyers and brochures to help you market the house.

Negotiating With Buyers

If potential buyers are attracted to your house, they will give you offers. In some cases, the initial offers are below the asking price. Therefore, you have to negotiate for a better offer and decide how low you are willing to go. This can be a tricky decision, especially if you are a first-time home seller. 

That’s why you need the help of an experienced and reliable real estate agent to get the best offer. Or you can skip the negotiations and sell your house directly to us! We offer you a fair market price for your home, paid out in cash.

Closing The Deal

Once you get a good offer, proceed to close the deal. The closing process involves signing documents, receiving payments, and handing over the house to the buyer. It also involves several other parties, including a closing attorney, real estate agent, and a lender (if it’s a mortgaged offer). 

At this point, you will be required to pay agent commissions to most realtors and any other applicable payments.

In conclusion, selling a house can be surprisingly wearisome and time-consuming, especially if you are doing it on your own. That’s why we make it easy for home owners who are looking for a simple way to easily sell their home as is, without the hassle.

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