If you're contemplating a bigger home for your family, considering downsizing as your oldest child moves out or moving closer to a job outside of the Chandler area, you may be asking what you need to know before you sell your home.
Selling your home is a big step, but there's a lot you can do before the journey begins. The Santistevan Group is a team of trusted local Chandler real estate agents, and we're here to help you feel comfortable during every step of the selling process — before, during, and after the actual sale. So whether you're on the fence about selling your property or want to ensure you take the right step forward, we've created a brief guide to what you need to know before selling your Chandler home. It's important to:
Explore your motivations for selling your home and know what outcomes you're expecting
Take the right steps to prepare your home before you put it on the market
The state of the Chandler market in 2022
The benefits of selling your home in a hot market don't stop at getting a great offer price that can far exceed its tax assessment or what you bought the property for. Other benefits include:
Speed: Because so many buyers are competing for homes in your area, you'll likely see multiple offers within the first week. Today's buyers also tend to be pre-approved for financing, not just pre-qualified, so the actual closing process is streamlined, too.
Convenience: There are simply fewer hoops to jump through. For many homeowners, you can simply put your home on the market as-is. You can also worry less about contingencies or contract complications. On average, sellers received nearly five offers before selling their home in February 2022, and that average is even higher in in-demand neighborhoods. You can simply pick the offer that's the simplest.
Fewer costs: With today's hot market, you can look forward to more than just a high selling price. You can also enjoy reduced costs. Buyers often take on the costs of title company fees, are unlikely to nitpick about repairs and upgrades, and may even absorb any survey fees. If cash flow is just as important as a high return, today's market is even more favorable.
Two questions to ask yourself before selling your Chandler home
What price are you hoping for?
Pro Tip: The listing price and the price you're hoping for may be very different.
2. You'll appear in more searches that are set with a price maximum of $500,000, which can tempt buyers with the right financing to put in a high offer, especially if your home is more appealing than others at that listing price.
Where do you want to live next?
Are you going to move to another house in the area?
If so, will you be able to find the right home in time? Or will you need a leaseback in the contract so you can stay in your home and keep looking?
If you're relocating because of a job, how much time do you have? Are you on a strict schedule?
Do you already have another home ready to move into?
Three more things you need to know before putting your home on the market
What the home-selling process is like
If you already have a Realtor, they can walk you through the process so you know what to expect at every stage, how long the entire process is likely to last, and how the actual home-selling process will disrupt your family life. Selling your home can be stressful, especially if you feel uncertain about what to expect. You can also read through this brief guide to the entire home-selling process.
If there are any repairs and upgrades you should make to your home
In a hot market, you can generally sell your home as-is. However, there are some repairs and upgrades that can drastically increase the offer prices you receive. Cleaning or replacing your home's carpets, switching to brighter lightbulbs, and small upgrades like adding handles to your kitchen cabinets can make a significant difference to people's first impressions. Depending on the age and value of your home, bigger changes like fresh landscaping, painting the interior or exterior, and upgrading the appliances that will stay behind can make your home much more desirable.
A Realtor or interior designer can recommend the changes with the biggest ROI for a fast or profitable sale.
The right marketing strategy for selling your home
Home sellers can take a lot of different approaches to selling their homes. Even when you work with a Realtor, there are lots of small strategic decisions to make, such as:
- Virtually or physically staging your home
- Getting professional photography for your listing
- Scheduling open houses
- And more
The Santistevan Group is here to help throughout your home-selling journey
*Header photo courtesy of The Santistevan Group Real Estate