Selling a Home? Next Steps
So you’re thinking about selling your home?
Whether the market is a hot seller’s market or the buyers have their pick of the litter per se, by multiple sources it is encouraged that you speak with your local real estate agent, preferably a Ring the Bell agent! We can honestly inform you of your home’s current market value and consult with you on potential upgrades, if needed, that will bring you more value for your home.
Consulting your local Ring the Bell agent
When consulting your Ring the Bell agent, it is important to let them know your personal goals and how this incorporates into selling your home. Having the bigger picture will help your agent better discern how to move forward.
Your home’s market value
While your Ring the Bell agent is navigating the market to see what your home is worth, it is important that they view your property. They will pull sold comparables from the local MLS and compare your home to what else is selling to determine a reasonable value for your home. There are several things to consider, like home upgrades, home condition, tax value, square footage, style of home, etc.
Timeline
When thinking about selling your home, you need to consider how long it will take to sell your home. Your Ring the Bell agent will be able to inform you of the average days-on-market in your area. If you have a specific deadline for when you will need to be out of your home, it is important to share this with your agent.
Getting your home ready to sell within a specific time frame requires a specified skillset and extensive knowledge of the market. It can range from only a few days to 3-6 months to get the home ready. It all depends on buyer expectations and the personal financial goals you are wanting to achieve from the sale of your home/property.
Once your home is under contract, it will take about 30-45 days for it to close.
Buying again, moving, downsizing, upgrading
Selling your home & buying again: We refer to this as a domino closing because there are several chips that have to be aligned in order for it to be a smooth process. This will involve getting your home sold and getting you under contract with another home at the same time. If it already sounds stressful, you aren’t wrong! That is why it is so important to have a Ring the Bell agent on your side during this process. They can determine whether or not to list your home first or find your next home first. This is all driven by the local market. Your agent will be knowledgeable on what you will need to expect during the process.
Selling and moving to another area: This is also a very time-sensitive situation, and depending on your situation, your time frame may differ. If needed, we can utilize our vast sphere of contacts to refer you to a fellow agent that can help you settle into your new area quickly and comfortably.
Downsizing: When downsizing, there are multiple things to consider. It can be difficult to let go of things and downsize into a smaller home. Your Ring the Bell Agent is a great resource for narrowing down your "must-haves" list and guiding you through the transition.
Upgrading: Upgrading can be difficult. Depending on the market, it can seem impossible to get everything you need within your budget. Your Ring the Bell Agent can come up with creative ways on how to meet all your needs with your next home.
In most of these cases, clients are needing to sell their home in order to buy. We specialize in getting you to closing and lining up dates as precisely as possible. Your Ring the Bell agent will keep track of dates and lead and guide you through every step.
