The  first thing to do when looking to sell your house in Brooklyn NY is to find out how much your property is worth. It is obviously crucial to have an idea of how much your house will sale for; it will better help you prepare for the next chapter of your life.

After you find out the value of your home, you will know approximately how much money you will walk away with. Seller closing costs in Brooklyn NY include mortgage payoff, real estate transfer taxes, real estate broker commission, attorney fees, etc. Depending on how much your net proceeds are, you might also be subject to capital gains taxes.

Now that you have a better understanding of how much it will cost to sell your house, you can make a more educated decision. Most people sell because they have to; either to upsize, downsize, or for job relocation. If that is the case with you then you might have to put your property on the market right away. However, if you do not have to sell now and it does not make financial sense at the moment, you might want to wait until you gain more equity to do so. Either way, the decision to sell your house is usually pretty clear.

If you are selling your house in Brooklyn NY, we obviously would love to be your real estate team. We will represent you in the sale, market the property to agents/buyers, negotiate on your behalf, push the deal from contract to close, and ultimately guide you through the whole process. We also understand that you want to make sure you make the right choice in choosing your real estate agent, therefore you should ask friends, family, and coworkers for referrals. We also suggest you contact more than one agent in order to compare their marketing plan, their selling strategies, and to make sure they are they right fit for you.

Your listing price is the most important in a successful home sale. According to Zillow research, 57 percent of homes nationwide sell at or above listing price when they accept an offer in the first week. Therefore your original listing price is crucial. If your house is not priced correctly, you might have to adjust the price over and over again.

Just to clarify, home improvements do not have to be major; you do whatever you can do. You don’t necessarily have to fix big issues like roofing, plumbing, electrical, etc. but if there are some small issues that can be easily resolved you should definitely take care of them; you might end up netting more money at the end. Also, you definitely want to declutter and clean; your house will be a lot more attractive to buyers.

As far as marketing is concerned, the first thing you need to do is to schedule professional pictures. This is a must; nowadays every buyer looks online when shopping for a home. The better your pictures look, the more buyers will be attracted to your house.

Then you have to get the word out and make sure your property is showing up everywhere online. The best way to do that is to have your house listed with the local Multiple Listing Service (MLS). All MLSs usually syndicate to all the major website such as Zillow, Trulia, Realtor.com, etc. Therefore listing your house on the MLS should give you ample exposure.

If possible, your first showing should be an open house. When buyers see that there are lots of people looking at a property, it creates a sense of urgency. If they are interested in your house, they will most likely make an offer quickly.

It is also important that you keep a record of who visits and that you have a way to get feedback from them.

If your property is priced and advertised well, you shouldn’t have any problem getting offers. You might even have multiple offers. If that is the case, the first thing to do is to get back to everyone and acknowledge you receive their offer. The second thing is to let everyone know you have multiple offers on the table and that they should submit their highest and best. Then, you can decide on the offer that works best for you. If you do not have multiple offers and only have one on the table, then you have to negotiate with that one buyer then decide if their offer is acceptable to you.

Now that you have accepted an offer, the buyer will move forward with scheduling an inspection. Inspection concerns are usually for major items such as structural issues. Minors items such as a missing door knob or bad paint job do not really hold value as far as inspection is concern. However, most inspection report will list all items of concern. It is up to you and the buyer to come in agreement on how to address these issues. If it is not in your favor to fix the issues or give the buyer credit at closing, you can then cancel the offer and quickly look for another buyer. Remember, sales offers in Brooklyn NY are contingent upon satisfactory home inspection.

It is now time to move to attorney review. During that process, your attorney gets a chance to go over the contract and helps you make sure you are legally protected during the transaction.

If you haven’t done so, it’s time to start packing up. If everything goes smoothly, the process from executed contract to closing will take about 2 months. Consult with your attorney and your agent, and double check that all items negotiated in the sales contract are taken care of. Go over all the documents and the paperwork you need to sign with your lawyer. Hand out the keys and attack the new chapter of your life!