7 Effective Ways to Get the Most Money Out of Selling Your Home
Your home is a special place where you have not only lived, you have created memories. If you are moving out of the city or you are buying a new home, it can be difficult to put a price on the property where those memories were created. While putting a value to your property, you must consider how much of that value is sentimental and how much is monetary. The key to get the most money for your home is to separate emotions during the sale. You must also maximize the first impression that you make with potential buyers. Here are 7 ways to get the highest offers on your property without letting your property sit idly.
1. Choose to Sell During the Right Season
Selling during the right season is extremely important when you want to get high offers. The laws of supply and demand have an effect on how much money sellers are likely to offer. During a busy season, when the supply on the market is high, buyers have a lot of homes to choose from. During off seasons, like over the holidays, the supply is very low. This means there is less competition so buyers must make high offers because there are less sellers to choose from.
2. Give Your Home Curb Appeal
Curb appeal is what drives traffic into your home. If you don’t drive traffic to walk through your door, you aren’t going to get offers. Curb appeal helps you make good first impressions. You can manicure your lawn, improve your landscaping, invest in landscaping, upgrade your mailbox and exterior fixtures and even paint your home. All of these minor upgrades will work together to make your home appeal to the majority.
3. Price Your Home Right
You might think that negotiations are where you will get more for your home. After all, buyers are going to come in low in hopes of working with an eager seller. Believe it or not, sellers tend to get more when they price their homes lower. Find out the value, shave off 5 to 10 percent, and watch buyers get in a bidding war. It may take some bravery, but if you have a home that is highly sought after this is a great method to try.
4. Depersonalize Your Home During Staging
Buyers want to imagine themselves in a home when they go to a viewing. If you are showing off a feature of the home but the family picture is on the wall, it is hard for that family to picture themselves living in the property. Turn your home into just another house and de-personalize.
5. Upgrade Your Kitchen
If you do not have much money to spend on upgrades, you should focus on the room that matters most: the kitchen. You will get the biggest return on your investment if you upgrade the kitchen to replace countertops, update cabinets and upgrade the appliances. The kitchen is also the room that sells a home.
6. Stage Your Property and Bring in The Light
You need to create space by decluttering and bringing in the light. Put extra furnishings in storage, choose a layout that highlights the floor plan of your home, and choose neutral colors that are vibrant and lively. Bring in the natural light before every showing, and your home will be bright and cheery.
7. Sell Your Home Yourself
Have you considered the benefits of selling home by yourself? If you have marketing skills and you are willing to do the work of the sales agent, you can take the 6% commission and pay yourself. As this 6% to the sales price, and you never have to worry about being in a low equity position.
Everyone wants to get the most for their home when they are selling. Consider each of these tips, watch the real estate market, pay attention to the trends, and showcase your home during the right time of year.
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Category: Housing
Pricing the home right is key. When we went ot sell our last house we originally listed it on the high end of our Realtor’s recommendation, and received no interest for 6 months. We dropped the price by 10% and then had a lot of interest in the property. We would have saved a ton of money had we originally listed it at the price. We didn’t factor in the carrying costs of the home for 6 months or even a year against the list price of the house.