Are you planning to sell your home in Summerlin? Located just west of Downtown Las Vegas, this mountainside community has 30 constituent neighborhoods where residents enjoy pastimes like golf and tennis. Summerlin’s real estate market is booming for a relatively new area, with over 700 properties publicly listed as available in July 2023. Sellers here face much competition; with the right approach, you can make a tidy profit without your sale taking over your life. Read on for The Jarnagin Group’s best advice on selling a home in Summerlin.
PREPARING YOUR HOUSE TO SELL
Before looking for buyers, you should prepare your house for sale. The pre-marketing phase of your sale includes many steps. At a minimum, you will need to optimize your home’s condition while setting an accurate price and timing your sale perfectly. Working with an expert local agent is the best way to ensure you cover all the bases.
Good and bad times to sell
Timing is an important factor when selling a home. Generally, the best time to sell is during the spring and summer when demand is highest. Many buyers, especially those with school-aged children, prefer to move between May and August. However, Summerlin has warm temperatures year-round, so winter and fall can be viable.
Home upgrades
As you ready your home for sale, your agent might recommend upgrades or renovations to boost its value. Most houses can use minor improvements, like painting the walls and replacing old fixtures. Kitchen and bathroom remodels can be expensive but also result in a positive return on your investment.
Home staging and professional photography
Once you have determined the best time to sell, it is time to stage your home. Start by removing any personal items and decluttering the space. Make sure that the house is clean and well-maintained. You can work with professional stagers to ready your home for professional photographers. They will take appealing photos of your house to make it pop in online listings.
SELLING YOUR HOME
Once your home is prepared and you have taken photos, it is time to market and sell it. The best agents combine traditional methods like open houses with various online marketing techniques.
Set the best price
Determining the value of your home is an integral part of the selling process. Your agent can find the optimal listing price based on appraisals and current market conditions.
List on the MLS
Once you have found a real estate agent, it is time to list your home on the Multiple Listing Service (MLS), an online database of homes for sale. Listing your home on the MLS will help you reach more potential buyers.
Conduct open houses and virtual tours
Once your home is listed on the MLS, it is time to show it to potential buyers. You can hold open houses or offer virtual tours of the home. Virtual tours are a great way to show buyers the home without meeting in person. You can use video conferencing platforms such as Zoom or Skype to give buyers a virtual home tour.
Evaluate bids
Selling for cash is often the faster option as you don’t have to wait for the buyer to get a loan (or worry about the buyer’s loan being approved). However, traditional bids can net you the highest profit. An experienced agent can offer vital insight when evaluating proposals.
Close the deal
Before a buyer can get a loan, the bank will require an appraisal of your home. Once the appraisal is complete, it is time to enter into escrow, a financial mechanism that protects both the buyer and the seller. The buyer’s money is held in escrow until all the terms of the sale are met. At the end of your sale, you will pay closing costs (such as title insurance, attorney fees, and transfer taxes). Generally, the buyer is responsible for paying these costs, but the seller may also have to pay some fees.
FAQS ABOUT SELLING YOUR SUMMERLIN HOME
When selling a home in Summerlin, Las Vegas, many questions arise. Here are some of the most common ones that we hear.
How long does it take to sell a home in Summerlin?
The timeframe for selling a home in Summerlin can vary from two to six months, depending on the market conditions.
How can I sell my Summerlin house faster?
It helps to work with an experienced real estate agent familiar with the local market. Once you communicate that timing is a high priority, they will adjust your sales process accordingly.
How can I net the highest profit selling my Summerlin home?
The best way to get the most money for your Summerlin home is to work with a qualified real estate agent. They will direct the financial aspect of your sale, from setting the right listing price to making counter-offers in negotiations.
Is staging my home worth It?
Staging your home is a great way to make it more attractive to potential buyers and can ultimately help you get a better price. Your agent should recommend professional stagers to make your home look its best and help you create a positive first impression on buyers.
Can I sell my Summerlin home without an agent?
In some cases, it is possible to sell your Summerlin home without a Real Estate Agent. However, it’s important to remember that this can be a complicated process, and it’s best to work with an experienced real estate agent who can help you navigate the process and the paperwork.
What if my home isn't paid off yet?
Once you’ve determined how much you need to pay off the loan, you can negotiate with the buyer to see if they’re willing to cover the remaining balance. If the buyer isn’t willing to cover the remaining balance, you can consider other options, such as obtaining a loan to cover the amount or working with a real estate investor who can offer cash for your home.
What if I have a tax lien to satisfy?
If you have an outstanding tax lien, take care of it before listing your house. You can contact the county or state tax office to determine how much you need to pay.
JUMPSTART YOUR SUCCESSFUL SUMMERLIN SALE TODAY
Selling a home in Summerlin can be a complex process, but with the right advice and guidance, it doesn’t have to be overwhelming. By working with an experienced real estate agent like those at The Jarnagin Group, you will get the most out of the sale. Set your successful sale in motion today and contact The Jarnagin Group.
*Header photo courtesy of Shutterstock
