Selling a house is no piece of cake.
It can be quite challenging, especially if youâ€™ve never done it before. If you want to sell your home fast and for top dollar, the key to success is good planning and preparation.
In this guide, weâ€™ve compiled some of the best tips for selling your home so you can make this real estate process much more enjoyable and less frustrating.
Preparing your home for sale
We tend to lose sight of the small details when weâ€™re too fixated on the big things. Before you decide to list your house for sale, there are certain things you should consider doing. These include:
- Deep cleaning the house to get rid of dirt, dust, and foul odors.
- Decluttering your home to maximize space and to add a touch of freshness and simplicity.
- Depersonalizing the house so that prospective buyers can â€˜feel at homeâ€™ and easily visualize themselves living in the house, etc.
Hiring the right real estate agent
Hiring a good realtor will bring so much value to the table when you need to sell your home. The key is to go for a neighborhood specialist with robust knowledge and experience in your local market.
A realtor can help you navigate the complex steps involved in the sale of real estate. These professionals can help with comparative market analysis so you can know how much your property is truly worth. Some others may also be able to help you come up with a comprehensive marketing plan to ensure your home does not spend a long time on the market.
Making necessary upgrades and repairs
While some upgrades may add value to your home, some others may turn out to be sinkholes. Along with repairing obvious maintenance issues, you may also focus on kitchen and bathroom improvements as these tend to add the most value.
Rather than being tempted to throw money at unnecessary upgrades, you should endeavor to calculate the potential returns these upgrades may have before embarking on them.
Setting a realistic price
Too many times, weâ€™ve seen sellers asking questions such as â€œwhy is it taking forever to sell my home?â€ For most people, setting the wrong price can make or break the sales process.
You can work with your real estate agent to get your home pricing strategies right. Itâ€™s important to set a price that is not too low and that wonâ€™t scare off potential buyers at the same time. Whether or not you get this right will impact the sales process, somehow.
Marketing your home
Itâ€™s not just important to list your house.
Youâ€™ll want to market the property effectively to reach a wide audience. The more prospective buyers you get to see your property, the more your chances of selling fast and at a great price increase.
You may need more than just a â€˜For Saleâ€™ sign in your yard, especially if youâ€™re about to sell your home in a buyerâ€™s market. You can work with your realtor on how best to market your property as you have a range of options that can range from social media, MLS listings, etc.
Staging your house for sale
Youâ€™ll have to show your house to prospective buyers.
When you do, you want the property to trigger that â€˜I want to live hereâ€™ feeling. To do this, you need to show your home at its best, in all of its glory. And thatâ€™s exactly where staging comes in.
If you have a thing for design and decoration, you can try this by yourself. Otherwise, you can ask your realtor for help or better still, delegate this to a professional stager. The goal is to make your house clean, neat, and attractive. A professional home stager will help you do this in a way that highlights your propertyâ€™s major selling points while minimizing its flaws.
Handling negotiations and offers
If youâ€™re able to tick all of the boxes at the right places, buyer offers will start pouring in.
You should be prepared to handle the negotiations process. This is one of the reasons why having an experienced real estate agent is always a good thing. Working with a realtor with excellent negotiation skills may help you get the maximum possible value from the transaction.
Finding a mortgage lender
Perhaps youâ€™re planning to buy a house while planning to sell your current place.
You should consider checking with your current mortgage lender to know your pay-off amount. You should also check out new mortgage offers from different lenders. Your agent may help with mortgage referrals. Do ask for costs estimate and compare different rates and fees.
Selling a house, much like buying one, is not a walk in the park.
Regardless of your level of experience, you still must plan very well so you are not caught off guard at any point. The processes above are some of the most important steps if you want to sell your home. Getting these things right will help make your real estate property sale a less stressful and much more enjoyable experience.