So you’re thinking about selling your home. Maybe you’re moving to a new city for a job, or maybe you’re just ready for a change.
Whatever the reason, there are lots of factors to consider when selling your home. How much can I get for it? When should I list it? What will make it sell faster? If these questions sound familiar, then we’ve got some tips for you!
1. Prepare your home to sell.
When you’re ready to sell your house, it’s time to get it into “show condition.” This means making sure that the home is clean and tidy—both inside and out.
It also means repairing any damage or problems with the property before showings begin. Have them taken care of as soon as possible after listing so they don’t distract from your home’s value. This way, prospective buyers can get an accurate impression of what life could be like in your home.
When it comes to making the home look more appealing, a serious Seller must prioritize de-cluttering and organizing. Sellers often have too much stuff in their homes when they try to sell them—stuff that isn’t necessary or even useful anymore.
If there are things you no longer use or need, donate them rather than keeping them around just because they’re familiar or hold sentimental value for you but don’t mean anything to potential buyers. That helps declutter not only the space itself but also makes an impression on potential buyers who might otherwise wonder how much storage space they’ll have once everything has been moved out of these areas (and into another room).
Rent storage units if needed—this will allow you more space in your home during showings without having anything cluttered laying around everywhere all at once!
2. Set the right price.
For strategic marketing, you need to set a price that is both high enough to cover your expenses and low enough to attract buyers.
If you price it too high, you’ll be sitting on it for months or even years.
However, if you put the property on the market for far less than its value, then it could end up costing you money when the sale goes through.
You want to get as close as possible to what other comparable properties are selling for in your area so that people will see that yours is worth buying.
3. Make necessary adjustments.
After a couple of weeks of enlisting your property in the market, it’s time to reflect on the market’s response to the listing. Are you getting enough inquiries and qualified showings to get your home sold?
The secret is having a critical yet open-mind, making adjustments where necessary.
For instance, if you’re not seeing a prospect getting wowed at the property during showings, you may want to consider staging your house. By adding furniture or other objects around the rooms so that everything appears neat and tidy at first glance, a prospective buyers interest in purchasing right away can increase as it looks to them like the property does not require too much work to be done.
4. Hire a local realtor.
If you want to get the most money for your home, a good realtor is a must. Here are some things to consider when choosing one:
Experience. Look around at homes in your area and get an idea of what houses with similar features have sold for recently. If prices have gone up rapidly in the last few years, try to find someone who has been selling homes in the area for at least seven years—that way they’ll know the market well enough to negotiate on your behalf and help you get top dollar for your house.
Negotiation skills. A good negotiator will always be able to come up with creative ways to make a deal happen—even if it means going above and beyond what you were expecting from them (in terms of time or effort). This can help speed up negotiations, which ultimately leads to more cash in your pocket!
5. Be realistic.
It’s important to price your home correctly and understand the market, but it’s equally critical that you be realistic about the adjustments that need to be made, the time it will take to sell and the costs of selling. If you’re not sure if something needs fixing, hire an inspector or ask a professional for their opinion before embarking on a major renovation project.
Many Sellers also make the mistake of overpricing their house in a Buyer’s market. When there are more Sellers competing to get their house sold to only a limited pool of buyers, naturally, your property won’t sell and you’ll only lose time, money and in some cases, patience.
So have realistic expectations when selling a home and do your research as to what buyers in your area are looking to see in their future home.
Selling your home doesn’t have to be stressful, but it does take work ahead of time.
Know the market value of your home before listing it for sale, and price accordingly so that you don’t end up having to lower the cost later on when people aren’t buying it at the price you want. Make adjustments based on feedback from prospective buyers and/or realtors who have shown interest in your property.
There’s no one right way to sell your home. If you’re willing to do the work upfront and talk with a real estate professional, though, you can get top dollar for your place in no time.