Selling Your Raleigh Home This Spring
Need to sell your Raleigh home? With spring just around the corner, now is the time to list your home for sale. Because real estate transactions involve a lot of financial and legal documents, it can get quite complicated. The good news is that selling your home can be both profitable and easy to do if you put in the proper legwork. In order to give yourself the best shot at sealing the highest sale price for your home, you want to be familiar with the home selling process. What's more , even though it is not required, it is definitely helpful to reach out to a local Raleigh real estate agent who can help guide you through the process, but in the mean time you can read some answers to these commonly asked questions:
Q - What is the MLS?
A - The MLS, or Multiple Listing Service, is a database that is used by real estate agents to communicate information about available homes on the market. Properties that you find in an MLS system are those that have been listed by real estate agents in the area. Though the MLS does not include properties for sale by owner, it does have the largest inclusion of available properties in a given region. It's a benefit to you, as a home seller, to list your home in the MLS. This affords other Raleigh real estate agents representing buyers to find your home and present it to their potential buyers.
Q - How do I find out the fair market value of my Raleigh home?
(A) When selling Raleigh real estate, it's important to find a right listing price. If your set your price too high, you risk the possibility of having your home sit on the market for months on end. On the flipside, if you list your home at a price that is too low, you may end up losing out on a lot of money. To find the fair market value of your home, you'll need to look comparable sales in your neighborhood. Comparables refer to properties that are similar in characteristics, condition, and location. Raleigh real estate agents who are familiar with the local real estate market can be a great resource when trying to determine the fair market value of a home.
(Q) How can I market by home for sale?
(A) Let your real estate agent help you sell your home. He or she will work with you to create an appropriate marketing process for your home. This may include things like open houses, listing it in the MLS and handling both online and offline marketing methods. It's a good idea to consider home staging if your home is vacant. Let your real estate agent know what your needs are and he or she will then work with you to market your home properly.
(Q) Why should I work with a licensed agent to sell my home?
(A) Selling Raleigh real estate can be a complex process. When you work with a real estate agent, you'll benefit in many ways. A licensed real estate agent is both certified and experienced in finding the best listing price for your home based on their knowledge of comparable sales. Plus, a real estate agent has more resources (and a more established network in the area) to market your home to potential buyers. The agent can also handle all of the negotiations for you and when the right buyer is found, the agent will handle the legal process of processing the purchase.
(Q) Do I have to accept an offer made on my home?
(A) You do not have to accept the offer made to you if you feel it does not provide for all of your needs, such as your asking price and conditions. However, it's a good idea to consider all offers presented to you. Keep in mind that if an agent brings in an offer that is on-point with the terms that were agreed upon in your listing contract with your agent, you may still be required to pay the listing agent his commission for performing his end of the agreement. Discuss this requirement with your Raleigh real estate agent before signing an agreement to work with him or her.