Step-by-Step Guide to Selling Your Home In Knoxville
When you’re thinking of selling your home in Knoxville, you probably have a few questions on your mind. What do I need to do first? Should I call a realtor?
We’ve put together this solid step-by-step guide to help you follow the process and make the most of your home sale. By understanding what the process entails, you can save yourself time, stress, and wasted money.
10 Steps to Follow When Selling Your Home in Knoxville
1. Hire An Agent Who Specializes in the Knoxville Housing Market
Selling your home is a big decision, and you probably want to make sure that it happens as smoothly and quickly as possible. You need an experienced real estate professional who knows the current market and can help you get top dollar for your property.
2. Prepare Your Home for Showings
Before you list your house, make sure it’s in the best shape possible. Decluttering, cleaning, repairing any damage, or replacing missing features all help your home show well and get the highest price possible.
3. Get Pre-Listing Inspections
It’s essential to know about any problems with your house before putting it up for sale. Potential buyers might see those problems and decide not to buy. A pre-sale home inspection will uncover these problems and allow you to make repairs or negotiate with the buyer if they still want the house despite its flaws.
4. Get Professional Photos
Professional photos add value to any listing, so don’t cut corners here. If you don’t know how to capture the best listing photo, hire a professional photographer who understands how buyers see spaces. Don’t forget about those exterior shots!
5. Set a Realistic Initial Listing Price
Your agent can help you determine how much to list your house for based on recent sales in the area and other factors that affect its value. If you want to sell quickly, be realistic about what buyers are likely to pay for your property based on local conditions versus what you might wish they’d pay.
Sellers are never hurt listing a bit low but can get crushed choosing a listing price that is too high.
6. List Your Home for Sale
Once your house is ready, it’s time to put it on the market. You’ll want to pick an agent who has experience selling homes like yours. Then you can sit back while they handle details like scheduling showings and negotiating offers with potential buyers.
7. Review Offers and Negotiate with Buyers
Get an agent who knows the market and can help you get top dollar for your home. Your agent will review offers with you and help negotiate the best deal possible.
Your agent should understand how to negotiate offers to get you the highest price possible if you get multiple offers which are common in the Knoxville housing market.
8. Anticipate Seller Closing Costs
Many expenses come with selling a house, like paying off existing loans on the property or paying a real estate commission to close the sale (usually between 5% – 6% of the sale price). These costs add up quickly, so make sure you know what they will be before accepting an offer on your home.
Generally speaking, selling a house costs roughly 7% of the home’s sale price.
9. Know Your Tax Implications
Consult with your tax advisor on this. If you’ve lived in your home for 2 of the last five years, there may be no tax issues. Your tax advisor will know what tax implications there are if any.
10. You May Need an Attorney
It is rare to need a real estate attorney to sell a home, but in some cases, it can happen.
Having a referral for a real estate attorney is a good idea, even if you don’t need one.
Are You Ready to Sell Your Home in Knoxville?
You don’t have to put off selling your home any longer. When you’re ready to sell, we’re here to help make the process as smooth as possible. The sooner you get started, the sooner it will be sold.
Call the Knoxville Home Team today at 865-675-8326 or visit our contact page.
