Home Sale Timeline: What to Expect
Home Sale Timeline: 3 Months Prior to Listing
Each stage of the home sale timeline is different. Selling your home doesn’t happen overnight, and homeowners 3 months away from selling their home can do the following.
Decide if it’s the right time to sell
Owners are advised to make sure they want to sell and to be confident in their decision. Overall, America is still experiencing a seller’s market for real estate. As a result, prices and demand are high, which means fast movement and favorable profits for owners.
However, it’s a good idea for owners to understand their local market. As in the list above, your region could be even more competitive than the general market. Conversely, there may be tons of homes for sale in your city, dampening the otherwise high demand that has characterized the market for the past 2 years.
Contact your real estate agent
Once you’ve determined that it’s a good time to sell, follow through by contacting a real estate agent. Although a real estate agent receives a commission on the sale of the house, which reduces your profits, it is generally worth it. Working with an experienced agent who knows your area is essential to selling your home as quickly as possible.
Your agent will put your home on the Multiple Listing Service (MLS), allowing buyers to view your home online. MLS will put your home in front of as many eyes as possible. Plus, your agent can potentially represent you to sell your current home and buy another one. Working with a professional for both selling and buying can help streamline the process.
Because the real estate agent is an essential piece of the puzzle, be thorough when deciding who to work with. Recommendations from family or friends, real estate agents selling other homes in your neighborhood, or agents you’ve worked with in the past are all great places to start. When interviewing a potential agent, you should feel that the agent is communicative, knowledgeable, and confident about selling your home.
Determine where your next home will be
Having your next home lined up is essential to being able to sell your home. So, if you want to sell your house, you will have to start looking for a new one without delay. It’s a good idea to look at the different neighborhoods you might want to live in and determine if moving to another state might be an option.