What to Expect When Selling Your House in 2023

When you decide to sell your home, be prepared for all the work and the emotions involved. Along with all the excitement, there is some sadness when you think about leaving this part of your life behind. You also must work through any repairs, cleaning, and showing, which can be overwhelming. 

Determine the Home’s Value

You need to research the market to determine the value of your home. Becoming familiar with the market will help you with what to expect. You can do your homework before you start meeting real estate agents. 

The agent will offer additional facts affecting the price of the home. Factors such as market conditions, comparables, and the condition and age of the home will determine the asking price. 

Value of Home Upgrades
 

You probably have made upgrades to your home over the years. As you plan to sell, you should know that you might not receive a full return on investment. It means that while they may add some value to the home, you will not receive the full amount. Sellers very rarely recoup the cost of home additions and improvements. The type of upgrades you make will determine the value of the home. 

Choosing an Agent
 

Selling a home can be intimidating, so it helps to have someone with the right experience doing the work for you. The agent will help guide you through the entire process while looking out for your best interests. Take your time and choose someone to help you get the best offer.

Decluttering is Essential
 

An essential step when planning to sell your home is decluttering. It can take time, so the earlier you start, the better. Do not wait until the last moment to start getting rid of things. The house will need to be in the best condition before you start receiving potential buyers. 

Decluttering will make the house look cleaner and the rooms bigger. Space is a major selling point, so the more space, the better. Giving yourself time to declutter will reduce stress. 

Closing Can Take Over a Month

After accepting an offer, finalizing the sale can take more than a month. You need to know this, especially if you are planning to travel or need money to buy a new home. It takes time for the buyer to negotiate the purchase terms, open escrow, hire an inspector, and schedule an appraisal. You may also need time to complete necessary repairs and clear any issues with the title. Survey and title issues, loan delays, and other factors can stretch the closing for weeks. 

You should plan carefully when you decide to sell your house. You may be tempted to accept instant cash offers, but this is not always a good idea. Cash deals are usually lower than what you can get on the open market. Your agent will guide you through the whole process of the details of the contract. 

To know what to expect when selling your house in 2023, contact Team Prehoden at our office in Del Mar, California. Call 858-217-5400 to schedule an appointment today.