What are the Steps Involved to Sell My House?

Selling a house involves several steps, but most people start by asking themselves “What are the Steps Involved to Sell My House?”. While the specific process may vary based on local regulations and individual circumstances, here is a general overview with the top 10 steps involved in selling a house:

1. Determine Your Selling Goals: Clarify your reasons for selling, set your goals, and establish a timeline for the sale. Consider factors such as desired sale price, timeline, and any specific conditions or requirements.

2. Prepare Your House for Sale: Take the necessary steps to prepare your house for the market. This may involve decluttering, deep cleaning, making repairs or improvements, and enhancing curb appeal. Consider staging your property to present it in the best possible light.

Presenting your house in the best possible light can make a big difference!

3. Set the Right Price: Conduct thorough research to determine the market value of your property. Consider recent comparable sales, consult with real estate agents or valuers, and factor in any unique features or upgrades. Set a competitive and realistic listing price that will attract potential buyers. Be aware of ‘conditioning’ (where an agent inflates the expected price to get you business and then lowers the price over time), or use an App such as bRight Agent to avoid conditioning all together.

4. Choose a Selling Method: Decide whether you will sell your property independently (FSBO) or engage a real estate agent. Research the pros and cons of each approach and make an informed decision based on your circumstances, expertise, and local market conditions.

5. Market Your Property: Develop a comprehensive marketing strategy to promote your property. Use online platforms, social media, signage, and traditional advertising methods to reach potential buyers. Showcase high-quality photographs, write compelling descriptions, and highlight the unique selling points of your property. Typically an agent will help you with this step, but avoid paying for services you don’t need.

6. Showings and Open Houses: Arrange viewings and open houses to allow potential buyers to tour your property. Present it in the best possible condition, ensure it is clean and well-maintained, and be prepared to answer questions about the property.

7. Negotiate Offers: Evaluate and negotiate offers received from potential buyers. Consider factors such as price, terms, financing conditions, and desired timeline. Work closely with your solicitor or conveyancer to review and respond to offers appropriately.

8. Complete the Contract of Sale: Once you’ve accepted an offer, work with your solicitor or conveyancer to complete the contract of sale. Ensure all necessary legal requirements are met, including any applicable inspections, disclosures, and paperwork.

9. Finalise Settlement: Coordinate with your solicitor or conveyancer to manage the settlement process. This involves organising necessary documentation, liaising with the buyer’s legal representatives, and ensuring a smooth transfer of ownership.

10. Handover and Settlement: On the agreed settlement date, hand over the property to the buyer. Complete any final tasks, such as disconnecting utilities or transferring keys. Receive the proceeds from the sale and finalise any outstanding legal or financial obligations.

It’s recommended when asking what are the steps involved to sell my house to seek professional advice from a solicitor or conveyancer who specialises in property transactions to guide you through the process and ensure legal compliance. Finally, engaging with an agent through platform such as bRight Agent can save you a lot of money in real estate agent commission and fees for items such as property styling and advertising.