Boston Real Estate Law News - Find a MA Real Estate Attorney

7 Steps to Selling Your Boston Home

You're ready to sell your Boston home. However, with the real estate market only recovering slightly, you may have some hard work ahead of you to get the best value for your home.

Here's a look at seven general steps to selling your home:

  1. Know the local market. Understanding your local market can make a huge difference in terms of when you should sell and what you should ask for. During hot markets, multiple bidders can drive up housing prices considerably. Similarly, in down times, you may have to settle for less than the house is really worth. In general, it's a good idea to attend open houses and talk to neighbors and real estate agents to get a feel for what condition your local housing market is in.

  2. Compare your house with similar homes on the market. To really get a good idea for how much you should ask for, find out how much comparable houses sold for in the area. A good comparison home should have sold within the past six months, be in the same neighborhood, and be similar in terms of age, size, and number of rooms.

  3. Decide to hire a Realtor or go it alone. Only a few states require you to hire a real estate agent or attorney. (In Massachusetts, real estate lawyers are required to take part in the closing process, according to the Boston Globe.) However, even if it is not required, you may want to consider working with a real estate agent. Selling a home can be exhausting and time-consuming. Plus, an agent may have contacts that make her commission worth it.

  4. Fix up your house. You may want to hire a professional home inspector before beginning the selling process. This allows you to fix problems before a buyer sees it. And since buyers will hire inspectors of their own, it makes sense to resolve any problems first. In addition, you may be surprised how relatively inexpensive fixes drastically improve the value of your home.

  5. Complete paperwork. If you don't hire an agent, you can look forward to filling out lots of paperwork on your own. This can include forms like disclosure forms detailing the house's physical condition.

  6. Advertise your house. You or your agent should list your house on the Multiple Listing Service. In addition, you may want list your home on websites like Craigslist and in other classified ads. Open houses are also a great idea.

  7. Evaluate offers and close the deal. Remember that the highest offer is not necessarily the best offer. For instance, although one buyer may have offered more, there may be conditions attached to that offer. Another common example is when the buyer's financing is questionable. After finding the ideal buyer, you will close the deal by signing a contract. You can browse our online directory of Boston real estate lawyers to help you with this part of the process.

Related Resources: