Selling your home for top dollar is a priority--but is it a realistic possibility?
For many sellers, this type of real estate transaction is new and can seem quite confusing. Thankfully, many real estate agents have happily shared tips on how to successfully increase the chances of selling a home for an outstanding price. Before you list your property, consider these ten pieces of advice.
Acknowledge Your Emotional Attachment Whether you've lived in the home for a year or your entire life, your emotional attachment to the property can cloud your professional judgment. Understand that you must approach price setting and negotiations reasonably to secure a great selling price.
Choose Your Agent Wisely The difference between an experienced and knowledgeable agent and an agent who is subpar can mean the difference of tens of thousands of dollars. Dynamic agents will strive for a lucrative, yet reasonable sale while poor agents may leave money on the table.
Complete Repairs/Renovations Early Selling your home can be much easier if you've already repaired or remodeled areas that need work. By completing these projects before the showings begin, you present a proud property without glaring issues that could drive down the home's price.
List Appropriately Some agents will suggest pricing aggressively while other brokers will suggest pricing undervalue. The truth is that each home's listing price is determined by a variety of factors, many of which change from year to year. Consult your agent and examine comp houses to find the appropriate price.
Use Hi-Res Photography and Videography The first place your buyers will likely view your home is online. By investing in high-quality photography and enabling a video tour of the home, you can convince buyers to schedule a home showing immediately.
Offer Incentives If you want to get top dollar for your home, then be ready to help the buyer receive a great deal for the property. Incentives such as paying for closing costs, inspections, or upgrades can sweeten the deal for the buyer and make them believe that they are getting their money's worth.
Remember the Value of Curb Appeal Curb appeal can make or break a home sale which is why you must make it a top priority. Invest in landscaping, new garage doors, fresh paint, and repair outdoor features to leave a good impression with anyone who drives by.
Stage Appropriately Staging is another element of selling your home that can be tricky. In some cases, hiring professional stagers can transform the space. In other instances, leaving the home empty and clean will allow each individual buyer to envision the home to their preferred arrangement. Consult your agent for assistance with staging.
Be Transparent With Buyers The best way to increase buyer confidence when selling your home is to be as transparent as possible. While you don't have to point out every squeaky floorboard, you should present them with as much legitimate information pertaining to the house as possible. This includes receipts and warranties on remodels or appliances, any significant damage to the home that was repaired, and any new features added.
Consider Pre-Appraisals and Pre-Inspections A pre-appraisal will help you establish a firm and reasonable listing price while a pre-inspection will shed light on any problems that could detract the buyer. By conducting these before showing your home, you are able to confidently present the buyer with a listing price that leaves little room for doubt.
Selling your home is quite an undertaking, but a little patience, understanding, and hard work can go a long way. Consider these tips before you list your home and speak with your real estate agent about other ways you may be able to secure a higher asking price.