Getting the best deal when selling a house is all about making your home stand out — while spending as little extra time and money as possible. To make the best decisions, you need to know what’s driving home sales in your area. There is evidence that buyers return to the market due to low mortgage rates and a stabilizing housing list. But things remain to evolve and change every week, so it’s essential not to rely too heavily on expectations based on past housing data.
Here are some other ways you can set yourself up when putting your house up for sale and make the most of your home selling strategy.
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Work with a Local Expert.
The average homeowner may sell or buy a house only a few times in their lifetime. So unless you’re a real estate expert or investor, you’ll likely benefit from the professional guidance and help to get the most out of your home’s sale. And with changes happening much faster than usual, it’s even more critical to work with someone who has their finger on the pulse of a given community’s real estate market.
Finding the best agent can have a significant impact on all aspects of selling. It will make it much easier to time your sale, set the correct price, and prepare for listing. Just don’t expect an agent to increase your home’s value magically. Think of your agent as more of a mentor who can help you make the right decisions. And you can also contact companies who say we buy houses and are keen to buy your house.
Set the Right Price
Figuring out the right amount to list your home at can be tricky. You want to make the most money but also attract buyers and sell your home fast. This step is where a good broker is essential. Having your broker complete a comparative market analysis (CMA) will reveal to you what similar properties in the area have sold for recently. Most real estate brokers will perform a CMA for free; you can ask for and compare CMAs from many agents before deciding which agent to list your home with.
Negotiate the Best Offer
As a seller, the best way to negotiate for the best offer is to have multiple bidders on your property. Then you can have your real estate broker reach out to the prospective buyers, let them know there are several bids, and ask for their “best and final” offers. It’s also essential to understand that the highest offer price may not always be the best deal.
Make Essential Repairs
As a seller, it is not essential to hire a home inspector, but you may want to anyway as an inspection before the listing can help obtain potential negotiation points for buyers. Being able to make essential repairs in advance can also facilitate the closing process.
On the other hand, any prospective buyer will be expected to complete an appraisal — a different type of home appraisal that helps their lender confirm the value of your home.
Think About Curb Appeal
You only get one opportunity to make a first impression, and create economic, cosmetic improvements to sell your house. Curb appeal is so vital when selling a home. Adding a new light fixture, Painting the front door, or potting a few flowers can help set a good mood for buyers when they pull up to your home.
You’re never going to know what a buyer wants, so you should avoid costly kitchen or bathroom remodeling. Weekend side projects like painting, renewing a faucet, or updating your kitchen’s hardware are all good starting points. “A fresh coat of paint is inexpensive and the most powerful thing we can do when approaching the interior of a home. Select a relatable color and adhere to it throughout the house to avoid a disorganized feeling.
