The median home price in Lexington has climbed to $293,115. What’s driving this surge? Well, the city’s strong job market leads the charge. Add in economic stability and healthcare to the mix, and Boom, you’ve got the perfect recipe for a homebuyer magnet!
If you want to get in on the action, this is the time to make your move! Summer is here, and selling a house in Waco can be as smooth as a sunset stroll along the Brazos River with a cold sweet tea in hand.
KEY TAKEAWAYS
- Prepare your home for sale with enhanced curb appeal, neutral decor, tropical landscaping, and clean outdoor spaces.
- Decide how you want to sell, whether it’s with a local Waco Flat Fee MLS service, a discount broker, or a full-service Realtor.
- Houzeo, Waco’s #1 home selling website, can save you thousands in agent fees. Your home will also be on the MLS within 48 hours.
- Before you price your home in Waco, check the current median home price, recent sales, and mortgage rates.
- Conduct showings to attract buyers. Also, review offers quickly and negotiate smartly.
- Finally, schedule utility transfers, pay your closing costs, and prepare to move out.
8 Steps to Selling Your Home in Waco
Selling a home can be tricky for first time home sellers. There are challenges at every step, from initial valuation to final negotiation. Follow these steps to navigate through the process seamlessly.
Step 1: Enhance Your Curb Appeal
98% of NAR members believe that great curb appeal can accelerate your home sale. To make a good first impression, mow the lawn and take care of any pest infestations you may have.
A pre-listing inspection can help you identify undiscovered issues in your property. A home inspection in Texas typically costs $475.
Step 2: Know Your Home Selling Options
Here are 4 home selling options that you can choose from based on your level of expertise:
- Discount Real Estate Brokers: Texas discount real estate broker offer quality service at reduced costs. Their commission rates typically range between 0.5% and 2%.
- Full-Service Realtors: Traditional agents provide services from listing to closing and their commission rates are 5% to 6%. This seems excessive, especially when most of these tasks can be handled independently in today’s digital age.
- Cash Buyer Companies: If you want to sell your home fast in Texas, consider selling it with a cash buyer. However, you may get offers lower than your home’s Fair Market Value (FMV), sometimes as much as 30% to 70%.
- Flat Fee MLS: With a Texas Flat Fee MLS company, your property will be on the MLS for as low as $399. You can further enhance your listing with optional services like virtual tours and professional photography.
- For Sale By Owner: You can sell your home FSBO without hiring an agent. This gives you full control over the process and helps you save thousands on agent commissions.
Step 3: Price Your Home Competitively
Waco home sellers had to reduce their asking prices in Jan 2025. Inaccurate pricing led to more days on the market and potentially cost them top-dollar offer.
While in a seller’s market, you should price your home slightly above FMV to attract offers. Waco is currently a buyer’s market, with homes taking longer to sell. The median days on the market increased by 12 days, from 57 to 69 days. To sell in this market, consider pricing your home competitively to stand out among increased listings.
Step 4: Make Your Home Market-Ready
A presentable home is more likely to attract multiple offers and sell quickly. Follow these tips to maximize your home’s appeal and attract top offers:
- Stage Your Home: Staged homes can sell up to 70% faster and for 17% above the asking price. A curated decor and organized layout help buyers visualize living in the home.
- Invest in Professional Photography: Waco real estate photographers can elevate your listing by showcasing your home’s unique features. A visually stunning listing will attract more buyers and lead to a faster sale.
Now that your home is market-ready, don’t wait any longer. Hurry and sell it immediately!
Step 5: Market Your Property Effectively
While the MLS provides significant exposure to your home, you can also leverage other tools to advertise your listing to other potential buyers. Here’s how:
- Craft a Captivating Property Description: A well crafted listing will capture buyer interest. Write a catchy headline with an engaging description and don’t forget to use adjectives like “flawless” and “spacious” to entice buyers.
- Host Open Houses: It is a powerful tool to connect with potential buyers. 4% of homebuyers found their dream home through an open house. To increase your home’s visibility, consider to schedule them on weekends.
- Add a Yard Sign: When you place a FSBO yard sign, chances of buyers finding your home increases. The sign features your name, contact details, and property description.
Step 6: Handle Showings and Offers
Once your listing is active, buyers searching for Waco houses for sale will submit showing requests. Here’s what you should do next:
- Is the buyer making a cash offer on your house?
- Has the buyer applied for a mortgage? Is it pre-approved?
- Is the buyer willing to waive off some contingencies like home appraisal?
👉 All Set to Sell Your Home? List on the MLS Now!
Step 7: Close the Deal
After you’ve finalized the offer, the next step is to close the deal. Real estate attorneys or Waco title companies act as closing agents. Take a note of the costs you need to pay when closing the deal:
- Transfer Tax: You need to pay a one-time fee when transferring ownership. The transfer tax generally costs less than 1%.
- Property Tax: You are generally charged approximately 1% of the total home sale value. You can also claim a rebate if you have paid your property tax a year in advance.
- Closing Costs: You and the buyer pay separate closing costs. Seller closing costs in Waco include HOA, real estate attorney, and home warranty fees.
Step 8: Transfer the Ownership
To transfer ownership, you’ll need to sign essential documents like the escrow paperwork and title deed.
Once these formalities are complete, the buyer transfers all the funds to the escrow company, who then releases the funds to you. The process is officially concluded when the buyer’s name is recorded as the new owner in public records.
Should I Sell My Waco Home Now?
Yes! Now is the best time to sell a house in Texas. High demand coupled with fewer homes available for sale is creating a competitive environment. This leads to higher selling prices and quicker sales. Don’t miss your chance to make the most of this hot market.
» Houzeo Reviews: Read what people say about Houzeo—Waco’s best home selling website.
