Updated on March 18, 2020
Now is a good time to be selling a house in Wyoming! According to Zillow Research, property values in the Equality State rose 5.62% in 2019, and are projected to rise a further 4.62% over the next year.
Of course, even the best Wyoming properties will struggle to sell if you don’t price the home properly, do a poor job of marketing it, or don’t know how to handle the negotiations.
Read on to learn the eight steps to successfully selling your home in Wyoming!
1. Finding a Wyoming 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. If you’re looking to sell your Wyoming home for the best price — and minimize stress along the way — you need to find a top-rated real estate agent in your area.
The best Wyoming listing agents know exactly what local buyers want and how to reach them. They’ll offer expert advice, guidance, and support every step of the way, from the initial listing all the way through closing.
In fact, sellers who work with real estate agents net 33% more, on average, than those who list on their own. For a $245,477 home — the median home value in Wyoming, according to Zillow — that’s a premium of $81,007. In other words, hiring an agent is well worth the investment.
2. Deciding when to sell
The price of homes fluctuates throughout the year. This is based on several different factors. Changes in the tax law, your area’s economic outlook, and the job market in your city can make a difference in the asking price of your home.
Best time to sell a house across the U.S.
Source: 2019 Redfin Data Center
Best time to sell a house in Wyoming
|Best Month to Sell for Speed in Wyoming||July||63 days on market||14 days faster than average|
Weather is essential in the real estate market, especially during the rugged winters that Wyoming experiences.
If you live in an area popular with young families, the school calendar may make a difference in the best time to put your home on the market.
Learn More: The Best Time to Sell a Home in Wyoming
3. Pricing your home
Sure, it’s essential that your home is presented well when you are trying to sell, but you won’t have potential buyers cross your threshold if the price is wrong.
There is a science and art to setting an appropriate price for a home. Your Clever Partner Agent will look at the other homes that have sold in your area and prepare a free Comparative Market Analysis for your property.
4. Preparing, marketing, and showing your home
It takes a large staff of people to prepare your home for the market.
First, you need to make repairs and appropriate improvements to your home. Talk with your agent before making any changes or improvements to your home. Get their opinions on what are necessary improvements or what can wait until the next person takes ownership of the house.
Next, make your house sparkle. Clean every nook and cranny, and then clean it again.
Your Clever Partner Agent will help you stage your home for a fast sale, or he or she will recommend a professional stager who works in your area. He or she will recommend what furniture to put in storage to make your home appear more spacious and uncluttered.
Your agent will find someone to take professional photos to make your house look like it belongs on a magazine cover or Pinterest board.
Finally, your agent will write a sales description targeting appealing aspects of your home. For example, your Wyoming agent may write how your home comes with acreage or that the house has double-paned windows that keep the home warm in the winter.
Learn More: The Best Paint Colors For Selling A House
5. Fielding offers and negotiations
Even when you have an offer on your house, your agent’s work is far from over.
Your offer should be close to the asking price. If the proposal is less than what you asked, see if the buyer is waiving contingencies, like the closing expenses.
From there, you can accept the offer, make a counteroffer, or reject the offer.
Eventually, a purchase agreement will be signed. A home purchase agreement is a legally binding document between the buyer and seller.
In it, the sales price will be clearly stated. The purchase agreement will also outline what will be included in the sale. For example, some home buyers will ask that certain appliances stay with the home.
The closing and possession dates will be outlined in the document. There will also be a determination on how the buyer and seller will split the closing costs.
The purchase agreement will also outline what things can happen that will make the deal null and void. For example, if financing becomes an issue for the buyer, the buyer can back out of the purchase agreement.
The purchase agreement is also contingent with the inspection and appraisal of the home.
Learn More: Real Estate Counter Offer Etiquette
6. Appraisal and inspections
Maybe you have signed a purchase agreement, but you still aren’t done with the lengthy process.
Most buyers will require that the home goes through professional inspections. If any issues come up during a home inspection, the buyer can request repairs to be made before the sale continues. He or she may also ask for credits based on repairs that may come up when the home is inspected.
A buyer can also request a final walk-through before the closing of the home. During this walkthrough, the buyer will determine whether or not the house is in an appropriate condition to purchase.
7. Paperwork and required Wyoming disclosures
Wyoming is a "buyer beware" state, which means legally, sellers aren't required to reveal any issues they know about their home. However, if the buyer directly asks you about possible problems, you can't lie or misrepresent the home's condition.
Additionally, many sellers still provide disclosures to give buyers peace of mind. Your agent will help you decide what to disclose so you can attract buyers who are confident about their offers on your house.
There will also be a lot of paperwork you'll need to fill out or sign to close on the sale. Consult a realtor or a real estate attorney to make sure you have all your legal bases covered.
Learn More: Disclosure Requirements in Wyoming
8. The closing process
Congratulations! You made it through the process. You have reached the closing day. On this day, you pay off the remaining balance of your home, pay your agent the well-deserved commission he or she has earned and will pay any closing costs. Hopefully, you are packed up and ready to move, because your buyer will want to take possession of the home quickly.
Once the keys are handed over to the new owner, you can say goodbye to your old home and look forward to making memories in your new house.
Learn More: How Much Are Closing Costs for the Seller?
Next steps: Sell your Wyoming home and save thousands
Whether you’re looking to list your Wyoming home immediately or 6-12 months from now, it’s never too early to start looking for an agent, getting advice, and making a plan.
Clever is here to help guide you through the home selling process — and save money along the way! In fact, homeowners who list with us save an average of $9,000 on home selling costs.
Top ways to sell your home in Wyoming
- Discount real estate agents in Wyoming
- We Buy Houses for Cash companies in Wyoming
- Flat-fee MLS companies in Wyoming