5 Things to Know When Selling Your Home
1. Best Price or Convenience?
It is important to decide earlier on whether you want top dollar for you home or for the selling process to be most convenient.
Usually sellers are interested in finding the best price for their home. The following tips are geared toward ensuring you get the highest offer for your home. However, following tip number 5 will help you get top dollar and make this process more convenient.
2. Watch the Market
Know the inventory of homes for sale in your area. Other homes for sale are in your area are in direct competition with your home. The less homes for sale in your area, the more demand for your home.
Currently, we are in a sellers market which means there are many more buyers than homes available in the market. This creates an increase in the price of homes. However, raising interest rates may reduce the amount of demand for your home in the future.
Want to make your house look more expansive and expensive? Clear out a third to half of your stuff. If that’s too much work, at least focus on 3 key areas: countertops, kitchen pantry and master bedroom closets.
Counters and surfaces should be nice and clean, with a minimum amount of items. In the kitchen, that means just keep the coffee maker.
4. Fix the small stuff.
Repair or replace broken or outdated hardware throughout your home. You can install new door handles, faucets, towel bars, baseboards and curtain rods – fixtures that are readily visible to homebuyers – rather inexpensively. New hardware in the bathroom, kitchen and on windows and doors also improves the functionality and safety of these components.
5. Hire the Right Agent
The right agent will find you the highest paying buyer and make this a smooth experience for you. However, don’t just hire the agent who most recently sent you a flier or the one your uncle’s friend's cousin used.
Do some research to find a real estate agent who is knowledgeable about your specific market, and then interview them to make sure their a good fit. Good agents have strong pulse on the market and proper experience. However, look out for great agents who have a solid marketing plan, great service, perks like free staging and a strong team approach that enables them to do more for your home.
Make sure to also cross reference their online reviews. Check their Yelp, Facebook, Zillow, Google, and Nextdoor reviews. With more information now online we can make sure to make the best choice!