Selling a Home in Liberty Lake

Selling a Home in Liberty Lake

Selling a home in Liberty Lake doesn’t have to be complicated, especially when sellers work with a licensed professional who knows the area well. Before listing your property, summon the Avenue Stone Real Estate team. They will help prepare your house so that it’s ready to hit the market. A true professional like Tanya Starkel will also help you evaluate offers as your home sale draws to a close. You can solicit her expert advice and raise questions about the selling and closing process.

Preparing your house to sell

To help you list your home for sale, hire a real estate professional, as they’ll save you time and energy by guiding you through the process. Then, prepare your home by making select upgrades with high ROI and staging for professional photos.

Interview real estate professionals

To start your search for a real estate professional, ask for recommendations from trusted friends and family members. Relying on a person you trust can help narrow your search. Also, use online resources that filter professionals for you. When you’ve found a few candidates who seem like a good fit, interview them by asking about their selling experience, local and market knowledge, and communication style.

A skilled professional like Tanya can help you price your property correctly by conducting a competitive market analysis (CMA), which compares your home to similar Liberty Lake homes for sale. In Liberty Lake, the median home value is around $500,000; based on the CMA, your house could be worth more or less depending on its condition, recent upgrades, and location.

Once you have an estimate of your property’s market value, the next question is when to list. A real estate professional will recommend the optimal time to list your house. Based on her up-to-date market data, Tanya will know to what degree the market for Liberty Lake homes for sale is hot or cold. If you need a fast sale, she might recommend slightly different timing than if your sole priority is making the highest profit.

Preparing your home

Before selling a home in Liberty Lake, prepare the house by choosing upgrades that improve home value. Bathroom and kitchen renovations are the most popular upgrades with the highest return on investment. Some Liberty Lake waterfront homes for sale benefit from a clean dock. Avoid projects like garage conversions and swimming pools, which can be undesirable to buyers and don’t boost home value.

Then, stage your home for professional photos. A well-connected professional like Tanya can provide contacts for professional stagers or offer tips. Generally, sellers should aim for a clean, bright, neutral look with spacious rooms and no to minimal family photos or personal items.

Selling your home

When your home is fully prepared, begin selling your home. At Avenue Stone Real Estate, our marketing process begins during your pre-listing period and culminates in a successful sale. We have over 350 platforms, including real estate sites like Zillow, Trulia, and Frontdoor. We relentlessly campaign for your sale until your buyer signs the contract.

Listing on the MLS

The best way to boost the visibility of a listing when selling a home in Liberty Lake is to put it on the local MLS. Only real estate professionals have access to the MLS, although it’s advantageous to provide buyers’ agents with a reliable listing of your property, as they can show their clients. Public platforms like Zillow and Redfin also feature MLS listings, which boosts views. At Stone Avenue Real Estate, we will also market your home by scheduling home showings, hosting open houses, and offering virtual tours for buyers who can’t visit in person.

Cash vs. Traditional

Choosing between a cash and traditional offer can have perks for sellers regardless of the decision. Typically, cash offers are valued above traditional offers, as a seller doesn’t have to worry about something happening with funding. Having the money upfront also makes the closing process quicker and less complicated. However, traditional offers are usually always higher than cash offers, and sellers can use the extra time it takes to finalize a mortgage to pack up and move.

Closing Steps

When you’ve agreed with a buyer and completed the home inspection, follow through with closing steps like the home appraisal, which buyers use to finalize a mortgage offer. Tanya can explain your contract before signing when your transaction is in escrow. Also, prepare for closing costs, which average about 3.80% of a home’s sale price for those selling a home in Liberty Lake. Costs include title service fees, real estate excise tax, and concessions.

Frequently asked questions about selling your Liberty Lake home

Home selling is long and complicated, which can sometimes confuse sellers. Review the frequently asked questions below for answers to some of your questions.

How long does it take to sell a home in Liberty Lake?

Homes in the Spokane area average about two weeks on the market, which makes for a quick home sale. To prepare, list, market, and close on a home sale, sellers should expect the process to average about three months. However, sellers listed in June experienced a home sale three weeks sooner than any other time of the year. Liberty Lake waterfront homes for sale are always in demand, so if you’re selling one such home, be prepared to field several offers.

Alongside choosing the right time, a seller interested in a quicker sale can take steps like staging their property, adding upgrades buyers are interested in, and boosting marketing tactics.

Is staging my home worth it?

Yes, staging your home is worth it. According to NAR, 75% of sellers who staged their homes experienced an ROI of 5% to 15% above the property’s asking price. Alongside potentially making more on a home sale, staging can speed up the sale process by up to thirty times.

What if my home isn’t paid off yet?

Sellers still paying off their mortgage can sell their homes; it’s very common. After a sale, the proceeds will pay off the remaining mortgage, then the selling fees. Sellers should be sure their home sale can cover the remaining costs before accepting an offer.

Ready to sell your Liberty Lake property?

To sell your Liberty Lake property, partner with a real estate professional, as they can help you stage your home, will market the home online, and can provide valuable advice and answers to any questions you might have. When you’re ready to list your property, contact Tanya Starkel to guide you through the process.

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