Published on July 14th, 2017 | by Guest0
Real Value: 5 Tips to Sell Your Home for the Highest Price
Selling your house is a big decision. For the most part, if you decide to sell your house you are expecting to make a fair amount of money from the transaction. Unfortunately, selling the home for the price you’re hoping for isn’t always a guarantee. At times, the housing market can slow down and become a buyer’s market. When there are more houses than buyers, prices drop. This can make it so that your house ends up selling for less, or worse, is simply never sold. Fortunately, there are steps you can take to get the best price and fastest sale of your starter home. Follow these tips to ensure your home attracts the most buyers.
Improve your curb appeal
Getting your home into prime condition is always the first step before a sale. If it doesn’t look good, potential buyers will immediately devalue it even if it’s structurally sound, whereas they might over-value a home that looks great. Do any necessary cleaning, painting, repairs, landscaping, or upgrades to improve curb appeal without breaking the bank.
Use the best real estate agent
Find an experienced real estate agent like Re/Max Alliance – The Diane Stow Team or a similar group with a good reputation to do the actual selling. They can come up with the most likely buyers from the widest market. Find someone with experience in your neighborhood and your home type. Before you commit, interview with the prospective firm or real estate agent to get some idea of their experience, personal skills, and insights. When you’ve found a good agent, step back and let them do their job.
Price your home fairly
Some owners might insist on a high price because they’re thinking in terms of sentimental value or want plenty of cushion for negotiating. Asking too much in relation to similar properties can price you right out of the market. Have your real estate agent produce a comparison analysis to get a fair and honest market value. Do some comparisons yourself with published listings. Be leery of any agent who’s willing to over-price your home just to get the listing.
Give it 30 days
If you haven’t had a reasonable offer in the first 30 days, you might want to consider lowering the price. Fair value is the going market rate, not your expectations of meeting profit goals. Refusing to cut the price when there’s no interest may cause buyers or even the agent to consider you unreasonable and reduce their efforts.
As with most forms of selling, it’s not the price tag that matters but perceptions of value. If you’re home isn’t selling, consider providing more appealing sales terms. You might consider carry back of a trust deed, lease options, or partial refunds on the down payment. Buyers are more likely to express interest if your home seems like a great opportunity.
It’s a simple strategy. Get your home in top condition and locate a great real estate agent. Then set a competitive price and be ready to negotiate.