What is the home selling process like in 2020?

Real Estate | 4 Aug |

If you’re trying to sell your house in 2020, it can be easy to get overwhelmed. If you’re wondering what the home selling process is like in 2020, click here!

While the housing market took a huge hit during the COVID-19 pandemic, it wasn’t as hard hit as many people think. In fact, May 2020 had the worst home sale rate in recent history, and it was only down about 27% compared to last year.

That means that more than 7 out of 10 home sales that would have normally occurred were able to manage the pandemic and successfully finish despite the situation.

On top of that, things are looking up. In June, sales were only down about 10%, compared to May’s 27% loss. By all appearances, the home selling process is continuing with little deceleration.

Read on to learn all about the modern home selling process and how you can make the most of your home sale.

Shop Around for a Real Estate Agent

One of the most important steps to selling a home is finding the right real estate agent. In fact, this may be the most important step. A good real estate agent will make sure that all the other steps in the process go well.

The selling a house process is more complicated than can be easily explained in this short article. While it gives a broad outline, your real estate agent can answer questions in much more detail.

It’s important to be cost-conscious as a first time home seller, but a real estate agent is the wrong place to be frugal. A quality real estate agent will more than pay themselves.

Have Your Home Professionally Inspected

One of the first steps to selling a house is to find out exactly what you’re working with. Schedule a home inspection to find out what the state of your home’s bones is. A professional home inspector will give you documentation showing how sturdy your home is, from top to bottom.

This data will help your real estate agent list your home for the right price, as well as give them the information they’ll need to argue for that price during final negotiations.

Temporarily Remove Some of Your Home’s Furnishings

Even if it’s your first time selling a house, you probably know how important it is that your house looks good in front of prospective buyers. Most people know that the home should be cleaned and organized before a showing.

Something that not everybody realizes is that even some of your usual furniture should be removed for a showing. Just because a favorite item is serviceable to you doesn’t mean it will impress buyers. 

Make a list of each piece of furniture in your home and ask yourself if you think it will help your showings go better or worse. If an item won’t contribute to your showing’s success, consider removing it during showings.

Make the Home Selling Process As Convenient As Possible

We hope that this brief overview of the home selling process has helped you better understand home sales.

To learn more about real estate investment as well as every other kind of investment, take a look at our other pages.

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