Having a clear timeline for selling your house can greatly help you stay organized and on track during what can be a stressful process. From deciding to sell to closing day, Redfin is here to guide you every step of the way.
Whether you are looking to move to a rental house in Tucson, downsize to an apartment in Salt Lake City, or fulfill your dream of owning a home in San Diego, the process of selling a house can vary for everyone. This house-selling timeline breaks down the steps so you know what to expect.
In this article:
- Decide whether to sell now
- Hire a listing agent
- Set a selling price
- Pick a listing date
- Get a pre-sale inspection
- Declutter, clean, and stage
- List your home
- Show your home
- Review and negotiate
- Accept an offer
- Prepare for the final walkthrough
- Closing day
What happens now?
FAQs on the selling timeline
1. Determine if now is a good time to sell your house
The first step in selling your home is deciding whether it’s the right time to do so. This decision is personal, but it’s crucial to consider factors like:
- Personal finances: Review your loan payments, mortgage details, and calculate potential profits from the sale. Budget for closing costs, taxes, and other fees.
- Housing market: Research the current housing market to understand pricing and demand in your area.
- Market conditions: Determine if it’s a buyer’s or seller’s market to set realistic expectations.
2. Engage a listing agent
While selling a home without an agent is possible, it can be challenging without professional help. Real estate agents play a crucial role in the selling process, assisting with tasks like pricing and negotiations.
It’s advisable to hire an agent around two months before listing your house. Take time to interview multiple agents to find the right fit for a smoother selling experience.
>>Read more: Understanding the Role of a Real Estate Agent
3. Establish a selling price
Use a home-value calculator or seek a professional appraisal to determine your home’s value. Your agent can help set a competitive price based on market trends and estimates.
Be prepared to adjust your price based on market realities to avoid prolonging the selling process.
4. Choose a listing date
Timing is crucial in selling your home quickly and for a good price. Consider factors like your schedule, academic calendars, holidays, and market trends when selecting the best time to list your house.
>>Read more: Optimal Days to List Your Home for Sale
5. Arrange a pre-sale inspection
Schedule a pre-listing inspection to address any repairs before listing your home. This proactive approach can prevent surprises during buyer inspections and delays in the selling process.
While some repairs are mandatory, others can be negotiated between the buyer and seller. Determine which repairs are essential to maintain your home’s value and appeal.
6. Clean, Declutter, and Stage
Cleaning and decluttering your home not only impress potential buyers but also facilitate the selling and moving processes. Start decluttering a month before listing, and consider hiring professionals for a smoother experience.
- Professional decluttering: Sort items to keep, donate, or discard to present a neutral space.
- Storage unit for personal belongings: Rent a storage unit to store items during showings.
- Hire a cleaning service: Ensure your home is clean and appealing to potential buyers.
- Professional staging: Transform your space to attract buyers.
- Exterior maintenance: Enhance your home’s curb appeal with landscaping and cleaning.
7. List your home
After making necessary repairs, cleaning, and staging, it’s time to list your house. Professional real estate photos can help your home stand out and attract more buyers. Your agent will assist in creating and marketing the listing effectively.
8. Showcase your home
Hosting tours or open houses is a crucial part of the selling process. Ensure your home is presented well to help potential buyers envision themselves living there. Create a schedule for showings with your agent.
9. Review offers and negotiate
As offers come in, your agent will guide you through reviewing and negotiating them. Consider all terms of the offer, not just the price, to secure the best deal. In complex situations, a real estate attorney can assist with legal aspects of the sale.
10. Accept an offer
Once you receive an offer that meets your requirements, accept it to initiate the closing process. This period involves packing, completing remaining repairs, and finalizing dates, typically lasting 30 to 60 days.
11. Prepare for the final walkthrough
The final walkthrough allows buyers to confirm that agreed-upon repairs were made and no new issues have arisen. Ensure your home is clean and empty, except for items included in the agreement.
12. Close the deal
The closing process involves signing necessary documents, settling outstanding balances, and handing over keys. Tasks like deed transfer and property ownership confirmation are typically part of the closing process.
The Selling Timeline: What Comes Next?
Every selling timeline is unique, influenced by market changes and personal schedules. Whether you sell before buying a new home, transition to renting, or explore new opportunities, Redfin is here to assist you.
FAQs on the Selling Timeline
Can you sell a house without an agent?
While selling without an agent is possible, it’s recommended to seek professional help for a smoother experience.
How long does it take to sell a home?
The selling timeline varies based on market conditions, location, and home value. Proper preparation is essential for a successful sale.
Can you expedite the home selling process?
Efficiently preparing your home, organizing paperwork, and seeking professional assistance can accelerate the selling process.
What to do after selling your house?
After the sale, update utilities, insurance, and address information. Notify essential services and organizations about your new address.
What if you sell before buying a new home?
Selling before buying provides clarity on your budget for a new home. Arrange temporary housing if needed until you find a new property.