How to sell your home!
If you are thinking about selling your home and you are not sure where to start, you are not alone. Whether your family is expanding or you’ve recently become an empty nester, whatever the scenario is, the thought process is the same. Where do I get started?
Here are some recommendations to help you get started.
- Should I make repairs?
- Should I update the home?
- What would be my return on investment if I did do repairs or upgrades?
- How’s the curb appeal?
- How much can I sell my home for?
- When is the best time to list?
Once you have asked yourself these questions, the next step is to find a local REALTOR® that knows the area and how to market to active buyers. Having a REALTOR® at your side will help ensure you get the best return on your investment. They can easily assist you in answering all the questions above and then help you decide if any repairs or updating are even necessary or cost effective. Once you have a plan of action on what needs to be done, the REALTOR® can help you implement any repairs or updates.
The next step is pricing your home. This is one of the most crucial items when selling. If you are priced too high, your home can potentially sit on the market longer than it should. Remember, the longer the home sits, the longer you’ll be paying the mortgage payment, property taxes and utilities, causing you to net a lower amount in the end; and that’s if it sells. Now some homeowners think they should list their home under market value to try and get more buyers to bid on the property. But the truth is, that’s not a guarantee. Think about it. If you list your home more than 1% under market value, and your highest offer is below market value, you can potentially lose out on thousands of dollars that could have gone towards your new home. So, pricing is key.
The next thing to consider is the condition of your home. Sellers need to remember that most buyers are not looking for a fixer upper, or if they would like too, may not actually have the funds to make the needed repairs and changes. Many buyers in today’s market are looking for a quality built home that needs very little work that they can move into quickly. So, it’s wise to take a step back and really evaluate the home and try to see the home through a buyer’s eyes.
Now that you have a better idea on where to begin, if you are thinking about selling your home, click here to fill out my quick form to get started on your FREE/No obligation comparative market analysis today.