How Do I Sell My Home Now – Here are the Top 4 Things to Consider!
People list their homes for sale for a host of reasons – often it’s due to scaling back, upgrading, or a family situation. Regardless of the situation, they all want to get the highest value that they can get for the sale of their home.
Here are 4 things you have to think about when putting your home up for sale:
1. The Challenge of Value – How do you find out what you can get?
It’s never a bad idea to get a checkup done at a doctor’s office, and real estate is no different. In case you are talking with realtors, ask them what value they think your homes will bring. REALTOR®'s will most likely look at what is sold in the area, examine what listings are available, and make a reasonable comparison against similar properties.
Tap a Real Estate Agent's Expertise
To understand your home market value - let's take a second to define it. In a nutshell, it is the market value that home buyers are willing to pay for your home. It has nothing to do with your mortgage statement and has everything to do with estimates based on details such as sales history, comparable sales. There is no single formula for determining what value you can get from your home. When it comes to selling homes, it's best to have a specialist complete a comparative market analysis, and it should be done by a certified REALTOR® who has experience in the area that you are living in.
Don't Price Your Home Too High
Price your home too high, and it could wind up sitting on the market. That's a big issue because a property that sits for an extended period builds a stigma around it. Your best bet - know what your home is worth and list it close to that value.
While it may be tempting to list your home with the REALTOR® who tells you it can sell at the highest price, a smarter way to sell your home is to price it accurately as possible from the beginning. Studies show that an overpriced home that lingers on the market will end up selling for less than the actual market value.
2. Clean Up Your Property
Have you seen the show Hoarders? This show truly demonstrates the need to declutter your home – even if you aren’t that bad, there is probably more you could do to clean up your home. Cleaning up is the least expensive way to influence your home to sparkle for a forthcoming purchaser.
Make sure you clean up clutter, give the bathrooms a good scrub and give the walls and shelves a good dusting.
3. Boost Your Curb Appeal
Marketing a home right is never easy and even though curb appeal matters – it’s all about the perception of the buyer. That’s why you want to ensure that your photographer takes the right care to shoot the property, the photos themselves should be properly balanced and accentuate the unique aspects of the property. Next on the list will be unique visual staging and how you can transform an open house into something very different, this will mean utilizing unique art features and furniture that matches the different parts of the home. Once the right display or place is created, it comes down to how you can promote the product.
At Klein Group, we have a team of industry-leading team of real estate agents, who are complemented by a team of marketing and communications professionals. Together, they surmise that putting the right marketing mix that takes into account the latest online techniques and activities that get the word out about the property. Based on the use of different strategies, high-quality photos and drawing target audiences in with unique events – the property will sell faster. That’s why it’s important to always go beyond curb appeal.
4. Don't Overdo the Upgrades
Quick fixes before selling usually can payoff, but completing mammoth makeovers and construction renovations, can turn off buyers. The other issue is that you won’t get your money back if you do a huge improvement project before you put your house on the market. Instead, do updates that will pay off and get you top dollar.
Whether you are planning to sell your home or just curious to see what price you can get, it is important to have the right exit strategy. Your home may be a location for many memories, but you want to avoid letting emotions drive your decision, rather you want to look over what your options are, and ensure that you can sell your home with confidence.