Home Sellers FAQs

Here's a comprehensive list of answers to your frequently asked questions about home selling!

What is the first step in the Home Selling process?

Seek an experienced Real Estate professional who specializes in selling homes to determine the value of your home.

How long does it take to sell a house?

The length of time to sell a home will depend on the real estate market, interest rates, homebuyer demands for homes, and how determined the home seller is to sell their home. This time frame can range anywhere from 30-90 days or more. A home seller can expect on a traditional sale to close in as soon as 30 days from when a home goes under contract with financed buyers and 7-14 days with cash buyers.

What is a "buyer's market"?

A buyer's market is when there is an influx of homes in the housing market and the homebuyer has the option and time to choose which home to offer and demand their own terms, such as receiving seller contributions, price reduction, quicker closing, overall more negotiating power over the home seller.

How much do I have to pay a real estate agent to help me sell my house?

Hiring a Professional Real Estate Agent to sell your home will be the best decision that you make! That's why an experienced Realtor is worth every penny to make your life easier and less stressful. A Seller Broker Commission can range anywhere from 4%-10%. The standard commission to pay a listing agent is 6% across the nation, this may sound like a lot, but consumers should keep in mind that the commission is split to pay the Buyer Broker Commission and other Realtor fees that the Realtor must pay to their brokerage and associations for their license. Their greatest asset to selling your home is the amount of invaluable knowledge they possess in Real Estate and the market, coordination between parties, marketing strategies, contracts and negotiations and so much more!

What I can I do to add value to my house?

Have your Realtor do a walk-through evaluation to determine what areas make sense to improve and make additions so as to save you the most money and time!

Should I do an Open House?

Open houses can attract a larger pool of potential buyers by allowing them to tour the property without a prior appointment. This increased visibility can lead to more offers. When multiple potential buyers view the property simultaneously, it can create a sense of competition, potentially driving up the perceived value of the property.

Open House vs. Virtual Home Tour

Virtual Home Tours provide convenience for potential buyers who might be unable to schedule private showings or go on Open Houses due to their busy work schedule.

Open Houses allow sellers and their agents to receive immediate feedback from visitors, helping them understand how the property is perceived and whether adjustments/repairs are needed.

Is NOW a good time to sell?

Ultimately, the decision to sell your home is a complex one that depends on a combination of personal, financial, and market-related factors. It may be helpful to consult with a real estate professional like ourselves who can provide insights tailored to your situation and local market conditions.

Should I make repairs before listing the house?

Most homebuyers want a “move-in ready” property — one that doesn’t require much work before moving in and definitely, one that will not have them throw away more money on repair costs. This is especially true of younger buyers, where a move-in ready home is a must.

You may want to consider making some repairs before listing your home. Simple cosmetic repairs can be a good idea to make your home more marketable (and more valuable). For bigger issues, like a damaged roof or a broken AC unit, you have two options: make the repairs and foot the bill yourself, or adjust your price accordingly. Most buyers won’t pay top-dollar or will simply walk away if they know there are expensive repairs that needs to be done before they can move in.

What can I do if my house isn’t selling?

If the are no known issues with the home and this happens, your home might be overpriced for the market it’s in. Compare your listing price to recent sales of comparable homes in the area and adjust the number accordingly. You may also want to do open houses or make any repairs that could be holding buyers back from purchasing it.

A professional real estate agent like ourselves can help sell your home in a different way. Be sure you choose an agent with plenty of marketing know-how and local connections. This will help increase your home’s visibility and its chance of a profitable sale.

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