So you’re thinking about making some big changes in your life this year — moving to a different home or even finally cashing out on your investment property. You decide to sell your house to make these changes possible. What now?
The real estate market is ever-evolving and can be difficult to navigate, but there are a few steps you can take to make your home more desirable and increase its value.
Clean and declutter
First and foremost, a thorough cleaning and decluttering is required. A clean and well organized home not only looks more appealing, but it also puts potential buyers at ease. Removing personal items such as family photos can also help potential buyers visualize themselves in a home. It’s like giving the buyers a blank canvas to work on.
Complete Repairs and Negotiations
Before putting your home on the market, make sure that any repairs or renovations you’ve been putting off are finished. You wouldn’t want potential buyers to think that you did not take care of the home you’re selling. It also helps buyers focus more on painting their lives in your home, rather than the patchy paint on the walls.
If you have an unfinished basement, completing it will add usable square footage to your home. Ever since the pandemic, more people have migrated to a remote or work-from-home set up. An office space would definitely be a bonus room. These things will lead to an increase in the listing price and potentially earn you more in the end.
Price Your Home Competitively
Do some research on the local real estate market to ensure you’re pricing your home competitively. Examine recent sales in your area and set a reasonable asking price. The first published listing price is quite important because it sets the tone for your listing. Price it too high and you’ll get few offers or none and may result in a longer listing period. You wouldn’t want your listing to go stale on the market. This can potentially scare buyers into thinking that there must be something wrong with the home. Now, if you price it too low, you might not get your money’s worth back for the house. Buyers may also request additional closing costs or repairs to the home after inspection. This will eat up a chunk of the sale price and may leave you with nothing but a loss. So, make sure the price is right!
Create An Eye-Catching Marketing Plan
Create an eye-catching marketing plan to entice potential buyers. When marketing your home, make sure to use all of the available resources. Use online listings, local newspapers, and even word-of-mouth advertising to advertise your home. Once you launch your advertisement onto the internet, don’t forget to be patient and persistent during the process. It may take some time to sell your home. Between responding to inquiries and entertaining buyer walkthroughs, it can take much of your time and effort. But if you keep at it, you will get your home sold soon enough!
Find An Experienced Real Estate Agent
Finally, look for an experienced real estate agent. The agent will help you with all the steps mentioned above and more! Real estate agents will assess your needs such as the net profit for your home and your selling timeframe. They will also help you prepare your home to make sure that it’s market-ready. Marketing, open houses, showings and buyer inquiries are some of the services that agents carry out during the listing phase. In a multiple offer situation, they can help you assess the best offer to take, based on their real estate knowledge and past experiences. From offer straight to closing, good real estate agents will guide and assist you throughout the whole process. This makes for a more enjoyable and less stressful sale.
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