If you’re intending to sell your home, knowing how to price your home to maximize its potential can help you avoid costly mistakes. This guide will help you evaluate how your home compares to others on the market, understand the impact of market conditions, and learn about the factors that influence pricing. Find out what sellers need to know about the current housing market and how to prepare their homes for sale.
Hire a Real Estate Agent
It’s an undeniable fact that real estate agents are experienced pros when it comes to selling a home. Real estate agents can offer input and advice to help you make an informed decision about how you’ll sell your home. An agent is trained to identify real estate trends and has a unique set of tools and strategies to help sellers maximize their home’s value.
A licensed real estate agent has the legal right to be present at every viewing of the real estate property for sale. They will also create an initial listing of the home and help you manage the marketing of your home once it is listed. In many areas, the agents can also offer you a free market analysis. Your agent can also help you price your home competitively and assist you with negotiations, even if you are not looking to sell right now.
Get Your Home Market-Ready
Before you put your home on the market, it’s important to have it as market-ready as possible. This is when you want to make sure the property is clean, the landscaping is in good shape, the furnace is in good condition, and all the fixings for the home are in good working order. Even if you are not a handyman, consider hiring a realtor who is familiar with the type of home you have and will be able to prepare the home properly. Having an expert in real estate on your side can help ensure that you don’t overspend in your preparations and that you get the best price for your home.
This is probably the most important aspect of preparing your home for sale, as it’s very easy to overlook cleanliness and make the home feel cluttered. If your home isn’t looking clean and neat, potential buyers will automatically assume that the home isn’t ready for sale. If you’re looking for tips on cleaning your home for sale, consider these easy tips for cleaning a home:
Use neutral colors Keep in mind that you’re selling a home, not a home, and thus it is important to keep the decorating neutral. If you have some furniture in the home, this is also a good time to consider selling those items and replacing them with new furniture that complements the overall feel of the home.
Prepare for a Showing
When you’re the one hosting the showing, you’ll need to leave the house tidy. If you have a friend who can come and lend a hand, it may be helpful to schedule a showing a few days before or after your normal hours of operation. This will give you more time to clean and will prevent the prospective buyer from having to worry about you. Another option that you can go for is through a virtual house viewing so you’re not just limiting yourself to home buyers within your location. By offering virtual house viewing, even those outside your state will be able to decide whether they’d like to purchase your home.
Put Your Home on an Online Listing
Promote your property on an online listing to get the best exposure possible. When a home sells quickly, it’s often because the buyer saw the listing on an online ad, saw that the listing had photos, and got in touch. For a property not sold online, however, realtors and buyers need to see the physical property to decide if they are interested.
One way to get real estate exposure is to make sure that your house is listed on as many real estate websites as possible. If you are working with a real estate agent, encourage them to put you on multiple listing services (MLS), where your home can be viewed by agents all over the country. Make sure your listing is on Zillow, Trulia, Realtor.com, StreetEasy, Redfin, Homesnap, and Yahoo! Real Estate.
Most property owners want to sell their property quickly, but it will always take time. Keep your home ready for viewing, always be open to conversations about the process, and always sort out the papers. Be patient when selling your property, eventually, you’ll find the perfect buyer.