Once you have decided to put your home on the market, it is helpful to have a good idea of what to expect. While the process will not be exactly the same for everyone, there are some basic steps that you can expect to complete once you decide to put your home up for sale.
Step #1: Preparing the Home for Market
Before you officially put your home on the market, you need to make sure it is properly prepared. This means making any necessary updates and upgrades to make your home more comparable to other homes in the neighborhood. It also means staging the home, which is a process of making the home look more attractive and appealing to potential buyers. This includes adding the small touches that make a house a home, such as putting a vase of flowers in the center of the kitchen table and arranging the furniture in the most inviting way.
Step #2: Listing on the MLS
The first step your agent is likely to take is to list your home on the Multiple Listing Service, or MLS. Placing your home on the MLS makes it accessible to other agents in the area. It also places your home on realtor.com so interested buyers can find it.
Step #3: Advertising
Your agent will then start taking steps to advertise your home. This might include placing a “For Sale” sign in your yard, creating brochures and flyers, putting ads in newspapers and magazines, placing your home on the agent’s website and holding an open house.
Step #4: Placing a Lockbox on Your Property
To assist with allowing other agents to shoe your house, your agent may attach a lockbox to your house. This lockbox will contain a key so local agents can access your house. Providing this type of access makes it possible for agents to show your house at whatever time suits the buyer’s needs, thereby making it easier to show your home to a large number of potential buyers.
Step #5: Taking a Break
It is not unusual for the number of interested buyers visiting the property to slow down after the first few weeks. If your home has been on the market for six weeks and you still do not have a buyer, however, you may want to consider taking it off the market for a period of time. This is because listings go stale after being on the market for a long period of time, which makes it even more difficult to get them sold. For this reason, you and your agent need to at least get together to discuss sales strategy options if you hope to get the home sold.