When it comes to buying or selling a home, there are several smart steps you can take to ensure a successful transaction. These steps can be beneficial even if you're not quite ready to start the process. By following these guidelines, you can avoid surprises, reduce stress, and potentially save money.
Assemble Your Team
Completing a real estate transaction requires the expertise of various professionals, and your first step should be to find a reliable REALTOR®. REALTORS® have a comprehensive understanding of real estate transactions and can guide you from start to finish.
In addition to a REALTOR®, you may also need to work with lenders, title agents, appraisers, inspectors, surveyors, attorneys, stagers, repair professionals, and others. Your REALTOR® can explain the roles of these individuals and how they fit into the overall transaction. They can also provide referrals to trusted specialists who offer these services.
Make a List
Whether you're buying or selling a home, you'll encounter numerous decisions along the way. Creating a list of priorities will help you narrow down your choices and focus on the most important actions. For sellers, you might prioritize a quick transaction over maximizing the sales price. As a buyer, you can weigh the relative importance of price, location, and features to guide your decisions.
Your REALTOR® is an invaluable resource during this process. They can identify the factors you should consider and discuss the pros and cons of the options you'll likely encounter.
Take Action
It's important to start working on your home purchase or sale earlier than you might think. If you're buying, you can begin by working on financing, improving your credit score, and researching neighborhoods and properties. For sellers, decluttering, making necessary repairs, and considering remodeling options can be beneficial. Your REALTOR® can provide a wealth of information and resources to set you on a path to success.
Remember, whether you're buying or selling, your REALTOR® is your trusted guide who can help you achieve your real estate dreams.