It’s a good time to sell your home! The market is currently experiencing a low inventory, with more buyers than homes available. However, that doesn’t mean selling a home is easier. To get the price you want within a reasonable timeframe, you still need to manage your listing strategies.
Here are 6 tips:
- Hire a real estate agent – It might be tempting to try to sell your home yourself, but it’s almost always better to hire an agent. Their fees are typically low; about 1%-2% of the sale price. And they will be far more experienced at navigating the bureaucracy involved in any home sale. An agent’s ability to avoid problems makes it worth the fee.
- Consider price vs. sales time – The higher the price of your home, especially relative to the area, the longer it will take to sell. While it sits on the market, it will still require maintenance and upkeep, which amounts to money deducted from your final payout. Unless you have plenty of time and money to spare, it’s usually better to keep the asking price low to speed up the sale.
- Invest in repairs and upgrades – Before selling a home, have a professional inspection done. Then make sure to address the major issues noted by the inspector. This not only makes the home more attractive, it also creates documentation. You can show prospective buyers and their agents proof the home is in good condition. An inspection increases your home’s value and sellability.
- Improve the curb appeal – Your front lawn and walk-up should be immaculate. Spend extra time caring for your grass and other greenery. You might even want to add some little touches, like extra flowers along the walkway or driveway. You want it to look as appealing to potential buyers as possible.
- Clean and stage the interior – If you’re living in the home when selling, you need to make it look like a display home. Buyers will simply be put off by too many signs of habitation. Consider rearranging the floor plan to appear as clean and tidy as possible, even if it disrupts your lifestyle while the home is on the market.
- Be prepared to vacate quickly – If you find a motivated buyer, you don’t want your own needs creating a barrier to the sale. Have a plan to move out as quickly as possible if necessary.
If you’re selling a home, we can help! Contact us for a free consultation.