9 Key Questions to Ask When Selling Your Home

10 Facts About the Lubbock Real Estate Market You Need to Know
July 22, 2019

9 Key Questions to Ask When Selling Your Home

It’s important to ask these questions when selling your home. Keep reading for 9 key questions to ask when selling your home.

Keyword(s): Selling Your Home

If you want to sell your home, now is the best time. We’re currently in a seller’s market.

The home selling process is easier now than it ever was. Homeowners also have more options to sell their home themselves and homeowners can still opt to hire a realtor. But navigating the home selling process is still challenging.

Are you struggling to prepare your home to sell? You’re not the only one. If you’re selling your home, ask yourself these 10 questions for more insight.

1. How Much Is Your House Worth?

It’s easy to wonder how much your home is truly worth. Certain factors can cause a drop in price, such as age.

But other factors can cause a price increase, such as recent renovations. But pricing your house right is essential to ensure you get the most out of your home’s value and for the fairest price.

To start pricing, take a look at other homes for sale in your neighborhood and in the surrounding area. You can also look at other homes for sale in your city with similar specs (square footage, number of bedrooms/bathrooms, etc.).

2. When Should You Sell Your Home?

You should be able to sell your home at any time of the year. However, you’ll notice a difference when you sell during a specific part of the year.

Most homeowners see success when they put their home on the market between February and July or August.

But this also depends on your area. For example, Lubbock homeowners may benefit more when they sell in the spring or summer since the weather is warm and kids are out of school.

3. Should You Repair or Renovate First?

There are many benefits to making repairs and renovations before your home sells. Your home’s value increases, the recent upgrades may attract buyers, and your home will overall have better curb appeal.

But are repairs and renovations really worth the time and money? Will you receive your ROI?

This depends on the situation. If you’re planning your sell in advance, it’s worth it to make certain repairs. But it may just be best to sell your home as-is.

4. What Are the Hidden Fees?

Do you expect to get all of your money from your home sale? There are some hidden fees you should know about. These include:

  • Staging and home preparation costs
  • Realtor’s commission (if you’re hiring one)
  • Repair costs (if applicable)
  • Seller concessions
  • Closing costs
  • Homeownership and overlap costs

Selling your home is more expensive than you think. That’s why you also have other options so you don’t need to worry about these costs.

5. Should You Sell FSBO, With a Realtor, or Another Option?

As stated previously, homeowners have more options to sell their home. But who should you trust?

Selling with a realtor is the traditional method. But realtor sales aren’t required to draw a profit.

You also don’t need to pay a realtor’s commission. Realtors are most beneficial if this is your first home sale, the market is slow, or if you don’t have the time to sell your home.

FSBO is useful if you’re experienced with selling homes, you have a lot of information about your local housing market, and have the time for valuation, advertising, inspections, negotiations, and closing.

Does neither of these methods work for you? There are many ways to simplify the home selling process without paying commission fees, other expenses, and with little effort on your end.

6. How Long Will the Home Selling Process Take?

In 2018, most homes stayed on the market for 68 days. However, this depends on various factors, including your local area. For example, homes in Lubbock could sell faster since housing is in high demand.

7. How Do Home Inspections Work?

A home inspection is a necessary part of a home sale. An inspection informs the buyer of the home’s quality and brings any unknown or unseen issues to light.

You should only conduct a home inspection after you receive an offer but before the closing period.

First, find an inspector. This is a third-party professional who specializes in this service. The inspection lasts between three and five hours and costs about $315.

From here, the inspector will state if there are any issues.

8. What Do You Do If You Get No Sellers?

As stated previously, your home will take a little over two months to sell. What if it’s been long after that and you still have no buyer interest?

First, try decreasing the price of the house. One of the main reasons it may not be selling is it’s overpriced. Do additional market research and adjust your prices accordingly.

You should also identify any defects. This can be cosmetic or design issues but could also be functional issues or even outdated aspects. Fix these issues if you can.

You can also sell your home to a professional who can sell your home fast, will give you the best offer and you won’t have to pay extra costs or have any other responsibilities.

9. What Do You Need to Remove and What Needs to Stay?

Other than your furniture and personal belongings, should you remove anything else before moving?

First, leave behind any fixtures. These are items that are fixed into the home or yard. Ceiling fans are the most common example.

You’ll also be surprised what may count as a personal belonging. For example, do you have a garden? Don’t be surprised if you have to take your potted plants with you.

Selling Your Home Is Easy With Us

There are many confusing aspects of the home selling process. Hopefully, these questions and answers helped you navigate the home selling process.

But are you still confused about selling your home? We can help. We can give you the best offer for your home without paying additional costs or worrying about listings. Want to get started? Contact us today!

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