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Aug 30, 2024 · Step 4: List your home for sale. The best place to list your Virginia home is on your local Multiple Listing Service (MLS), a private database created and maintained by real estate brokers to facilitate home buying and selling. However, only real estate agents can list homes for sale on the MLS.
- Finding a Virginia realtor. Selling a home isn’t easy. It’s a high-stakes, complex transaction and requires a considerable amount of time and expertise to get a good outcome.
- Deciding when to sell. While timing the market can be difficult, certain fluctuations can be expected and even predicted. Typically, the best time of the year to sell is in late spring and early summer.
- Pricing your home. A Comparative Market Analysis (CMA) is the best way to arrive at what the listing price of your home should be. You can compare similar sales by size, bedrooms, neighborhood, or other conditions of your home.
- Preparing, marketing, and showing your home. There are several steps to preparing your home to put on the market. You are going to want to clean and declutter anything that makes it hard for a buyer to imagine living in your home.
- Determine How You Want to Sell Your House in Virginia. How you choose to sell will determine all other aspects of selling your Virginia home. These include the cost of selling a house in Virginia, marketing strategy, the level of preparation you need, etc.
- Set a Realistic Listing Price. The listing or the asking price is the most important factor for a successful home sale. Typically, the Virginia real estate broker will run comps and help you arrive at an asking price.
- Market Your Home. A good marketing strategy will help you attract more potential buyers. You can work with a broker to market your home or do it yourself.
- Show Your Home to Potential Buyers. Showings are essential when selling a property in Virginia or anywhere. The more the number of buyers touring your home, the greater the chances of you getting an offer.
Apr 9, 2024 · As things currently stand, the seller usually pays the commission for both the their own agent and their buyer’s agent. That typically comes to around 5 or 6 percent of the home’s sale price ...
- Emma Woodward
- You are not required to hire a real estate attorney to sell a house in Virginia. However, selling a home comes with a lot of potential challenges,...
- Sellers do pay some closing costs in Virginia, as they do in any state, but your portion is typically much lower than the buyer’s closing costs. In...
- To sell your house without a real estate agent, you will need to be prepared to do the work of one: Determine a fair price, take professional pictu...
Sep 27, 2024 · Reading Time: 4minutes. Real estate commissions are a key factor in Virginia’s home-buying and selling process, directly influencing your overall financial strategy. In 2024, new updates were introduced to enhance transparency, giving both buyers and sellers clearer insight into commission costs and more room for negotiation.
Jun 18, 2024 · In the past 12 months, the average home sale price for a Virginia home has been $464,400. This is 5.6% greater than the average listing price of $439,950. Meanwhile, homes have been on the market for an average of 43 days. In May, listings have been on the market for the least amount of time, averaging just 32 days.
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Oct 10, 2024 · Commission that you (the seller) will pay. This typically ranges from 5-6% of the house sales price, and is ultimately split between your real estate agent and the buyer’s agent. Type of listing. Under the typical agreement, you will grant the agent an exclusive right to sell, which obligates you to pay a commission regardless of who brings ...
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