Selling a home these days is no walk in the park. This is especially true if you do not know what an acceptable price might be for your home, or if potential buyers are not willing to commit to your asking price. There are a few different things you can do to make the selling process much more effective and easier.
Everyone is looking for a deal when it comes to real estate. Be realistic about the price you set, and have the flexibility to negotiate.
An excellent way to win the potential buyer from other sellers is to examine what they’re asking for their homes and then offer yours for just a little bit less than that amount. This will certainly give you and your home more attention in the marketplace.
Another thing you need to do is to make sure your property is well maintained. You need to make it look as good as possible so you don’t put potential buyers off before they even consider your home. Any place that looks dilapidated is not attractive.
Take the time and effort to take care of any maintenance issues you find. The better a buyer feels about your home the more likely he will be able to picture himself living there.
You should also consider removing any personal belongings. You need to give the potential buyer a clean and uncluttered view of the home they may possibly be living in one day, and a clear idea of what they could do with the home.
You may even consider bringing in a professional stager to stage your home for sale. The stager will help you clean and spruce up your space by rearranging furniture, adding pictures to the walls and accessories to shelves or tables, and maybe even putting a new coat of paint on a room.
These small things can actually go a long way. If you do them correctly and efficiently, you will find your place sold in no time.
If trying to sell a home, it’s always a good idea to talk about ‘presentation’ (how your home will look to prospective buyers when they walk through) with your real estate agent, or, if selling by yourself, consider a home stager…
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Selling your home this spring? Here are a few tips to improve your chances of a sale.
HomeGain.com recently surveyed nearly 1,000 real estate agents, asking them to identify the top 12 do-it-yourself home improvements that can help sell a home faster. Cleaning and de-cluttering ranked as highest return on investment, no doubt in part because it was the least expensive. Its cousin, home staging, which largely involves removing unneeded furniture and other decorations, came in second.
According to the HomeGain survey, the top five home improvements that Realtors recommend to home sellers based on cost and return on investment (from highest to lowest ROI) are:
- 1. Cleaning and de-cluttering ($200 cost / $1,700 price increase / 872% ROI)
- Home staging ($300 cost / $1,780 price increase / 586% ROI)
- Lightening and brightening ($230 cost / $1,300 price increase / 572% ROI)
- Landscaping ($320 cost / $1,500 price increase / 473% ROI)
- Repairing plumbing ($385 cost / $1,250 price increase / 327% ROI)
Cleaning and de-cluttering continues to rank as the top suggested home improvement (since the survey was originally conducted in 2000), recommended by 98 percent of Realtors, costing less than $200 and returning a value of nearly $1,700 to the home’s sale price, or an 872% return on investment.
Rounding out the top 12, the list of low cost, do-it-yourself home improvements includes: updating electrical, replacing or shampooing carpets, painting interior walls, repairing damaged floors, updating kitchen, painting outside of home, and updating bathrooms.
The home improvement projects with the highest price increases to a home’s resale value is Updating the Kitchen ($1,200 cost / $2,850 price increase), followed by Painting the Outside of the Home ($900 cost / $1,815 price increase) and Home Staging ($300 cost / $1,780 price increase). Most of these projects involve the interior of the home.
It is important to recognize that these steps alone will not sell a home. Talk to us, we can offer more suggestions and tips.