Home Selling 101: How To Do It The Right Way?

If you are planning to put your home up for sale in the next few months, you will want to first work on every part of the building that’s in bad shape since any issues can significantly lower the market price. And it doesn’t really matter what time of year you decide to sell – all you need to do is take a few wise steps to ensure a speedy and legit sale. Whether you’re a first-time or a seasoned seller, the following tips will help you sell your property the right way and as quickly as possible.

 

Set the right price from the start

 

Once you’ve decided to sell your home, you will definitely need to price it well. Now, you got it all wrong if you think that you can just price your property based on how much you bought it for and maybe add a bit of a mark-up and that’s it. Note that potential buyers don’t focus on how much you paid for the home, the cost of improving it, or even the down payment that you will be paying for your next property. All they care about is simply the house. You will need to get a comparative market analysis (CMA) from realtors if you want to price your home right.

When a property is priced too high, the buyers and their agents will literally stay away, assuming that you are either not serious about selling it or you’re just unwilling to negotiate. To come up with a reasonable price, you should first determine the prices of the comparable properties sold recently, on-the-market homes, as well as properties that still have not sold. Then, make an initial evaluation of those homes compared to your own property based on the size, location, facilities, and status and price your home accordingly.

 

Improve the curb appeal of your home

 

There is no second chance to make a first impression. So, now that you have put your property up for sale, you will want to make sure that your house looks amazing, since potential buyers are doing their initial drive-bys before they schedule the actual showing.

You can improve the curb appeal of your home by painting the front door, power washing the siding,  and generally cleaning and fixing everything regardless of how trivial it may seem. These curb appeal improvements will get you quite far, but there are also other things you can do to increase the value of the house. Remember that what the buyer sees when pulling up the driveway or walking through the front door sets their overall expectations.

Get a real estate agent

 

You may need to involve a professional realtor so as not to risk losing thousands of dollars trying to sell it on your own. According to the National Association of Realtors, homes sold by real estate agents fetch higher prices than those sold without one. Note that your realtor will be in charge of advertising, showing the property, as well as completing legal requirements of buying and selling your home, so you will need to choose wisely.

Staging your home the right way

 

Prepare every room to look its best. This includes setting up the living area, bedrooms, bathrooms, and kitchen. In case there is a room that looks odd or seldom used, now is the time you gave it purpose. For example, the odd alcove off your kitchen can be turned into an office, making it more appealing to the eye.

Make the property easy to show

 

A house you’re selling won’t sell if you do not show it to prospective buyers. People will want to look at the home and this is the time you should be most available. Some buyers will even want to visit at night, in the morning, or on the weekends, sometimes with very little notice. It is also important to get out of sight when showing the house to potential buyers so they can be free to walk around and discuss the home without feeling like they’re intruding.

Post your listing on majority of online portals

 

A home listed on the majority of listing sites will most likely find its way to more prospective buyers. Although it is the duty of a real estate agent to list it, you may still want to confirm it’s featured on major websites. It’s even more helpful if the home appears on social media.

 

Share info about life in the neighbourhood

 

Would-be buyers of your home always want to know something about the neighbourhood. In the listing, make sure you include photos of the house and surrounding amenities such as nearby recreation sites, schools or even shopping centers. Anything that grabs the attention of interested buyers can help them decide to eventually buy the house. In this case, you are not marketing just the house, but also the lifestyle of the area it belongs to.

 

Staging your home the right way and sharing information about life in the neighbourhood can make a big difference when selling. Social media has become a great marketing tool and it is important that your realtors showcase the home on major online portals. Following the above selling tips will ensure a quick sale at a fair price.

 

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