With the housing market starting to slowly change, more and more homeowners are beginning to sell their home for a profit. However, it’s generally still a buyer’s market, and there’s a lot of competition out there. With a lot of homes for sale, yet not nearly as many purchasers, it will take some strategic planning to get your home to stand out. Here are some ways you can get the best possible sale price for your home:
Study the market
Although you may end up hiring a real estate agent to take care of everything for you, it can still be very beneficial for you to do your own homework. Research what other similar properties have sold for recently in your area, whether most homeowners received their asking price, and how long the homes were on the market. Being equipped with this knowledge can help you get the most for your home, but without setting your asking price too high.
Stage the home
Before you or your agent bring any potential homebuyers into the home, be sure to stage it first. This goes above and beyond de-cluttering and making sure everything is spic and span. People like to be able to picture themselves in your home, so this will mean putting away anything personal (such as framed photos), and sticking to neutral decorating and colors. This will help generate more interest in your home, which can help you get a better price.
Repairs and renovations
If there are certain things around your home that you know will need to be fixed before you sell it, do so before any potential homebuyers see it, if you’re hoping to make a profit. If you’re willing to go above and beyond necessary repairs, consider investing some money in your home so that you can see a nice return when you sell. Just be sure to avoid certain renovations that might just actually cost you in the end, and stick to the ones that are more likely to increase your property value.
If you’re in a rush to sell your home, you’re likely to agree to the first decent offer you receive. But if you have the time to wait, be patient and don’t rush the process—there’s a good chance you’ll eventually receive a better offer.