Buying and selling a home are two large ventures that often overlap, especially if you’re searching for a second home. HW Guernsey is invested in keeping you on track, which is why we’ve compiled these six tips to prepare you for the process.
1. Consider if now is the right time
Also, consider factors like the real estate market and seasonality. Buying in a buyers’ market and selling in a sellers’ market is ideal, as you’ll secure the best deal for both properties. That’s not always possible, so being aware of the market is important in understanding how your buying and selling will be affected. Seasonally, the most popular times to buy are late spring and early summer. This is because families don’t have to worry about interrupting school schedules. Also, moving in the winter can be difficult because of weather like snow and rain, and the winter holidays.
2. Decide whether to buy or sell first
Selling before buying
Buying before selling
3. Work with a real estate agent
Once you’ve decided whether to buy or sell first, work with a real estate agent like those at HW Guernsey. They’ll help you understand your current financial situation, the condition of your house, your own timeline to complete both sales, as well as the equity of your current house. With this information, they can help you prepare your home to sell, as well as help you find a home to buy.
In the selling process, a real estate agent will find potential buyers, list the open house, show the home, and help with photography and staging. They’ll also be knowledgeable about the real estate market, and can help you price your home competitively. When buying a home, an agent’s knowledge of the market and the surrounding area will be an asset in finding multiple options that fulfill your needs, helping you negotiate a fair price, and completing the necessary paperwork.
4. Prepare your home to show
To attract the largest number of buyers, prepare your home for showing. Clean your home by sweeping, mopping, vacuuming, removing carpet stains, and dusting. Declutter your home by donating or throwing away items you no longer use, such as clothes, appliances, and shoes. Create a blank slate for buyers by repainting the interior in neutral colors and taking down family photos and personal items. And increase curb appeal by maintaining landscaping, power washing walkways, and cleaning up the front entrance.
You’ll also want to consider undergoing any repairs like filling holes in the wall and fixing leaky faucets. Buyers typically get a home inspection before buying, so make sure you’re aware of larger problems like needed repairs related to the house’s foundation, roof, electrical wiring, or plumbing. Take the time to fix them, or be prepared to see the needed repairs reflected in your home’s sale price. Once you’ve finished staging and repairs, list your home to sell with your real estate agent.