You’re preparing to sell a home in Metro Detroit, Michigan. You’ve made the decision to sell your updated bungalow in downtown Plymouth. Or your condo in downtown Birmingham. Or perhaps your beautiful home on a lake in Stonewater in Northville. Now what? This page summarizes the next three steps you need to take immediately after you’ve decided it’s time to put your home on the market:
Once you’ve completed these three steps, you’ll be ready to move on to the next phase of the selling process!
Note: See the bottom of this page, where we have included links to free downloadable resources specifically designed to help you with the process of selling your home.
This is the classic “chicken or the egg” question as it applies home buying and selling: Which comes first, the purchase of your next home, or the sale of your current home?
It is also the toughest question in real estate, and one that most every homeowner will have to answer at one point or another in their lives. The basic dilemma is this: Do you put your home up for sale first and face the possibility of selling your home quickly and having nowhere to go? Or, do you hold off on selling your current home until you find one you want to buy, then face the uncertainty of not knowing when your original home will sell and at what price (and, worst case, maybe having to make two house payments for who knows how long)? There is no right or wrong answer here; it is purely personal preference. Here are the two schools of thought and the advantages and disadvantages of each:
Having said that, again, there is no right or wrong answer here. It’s whatever you are most comfortable with.
At Professional One, we like to speak directly and honestly with people. We know that many people think about selling their home themselves at one time or another.
Rather than avoid the topic, we believe it’s more professional to address the issue in a straightforward manner, and help people make an honest, rational and well-informed decision.
That said, click here to review more information that will help you make a better decision.
You’ve made the decision to sell, now it’s time to get your home in tip-top condition before putting it on the market. Time after time, we’ve seen how homes in mint condition sell faster and for higher prices than homes that are not.
And when you consider how easy (relatively speaking) it is to do this, and how this is one of the few parts of the home selling process that you can completely control, we would implore you do to do as many of the things you see listed below as possible.
The legal principle of caveat emptor (let the buyer beware) is dead or dying. We are living in an age of consumerism, and it’s hard to find a court that won’t favor the buyer in a dispute. In fact, consumer groups and many government agencies are taking the posture that the seller has a positive obligation to disclose everything.
If you have a problem in your home, don’t mask it. A common example is the homeowner who spray-paints a ceiling to cover water stains caused by a leaking roof. If you have a major problem that you don’t intend to correct, disclose it! Sure, some people will be turned off by the prospect of a major repair, but most buyers who otherwise like the home will be philosophical about a problem openly displayed. And usually they will discount the price they offer by far less than the cost of the repair.