Moving to another home is a tedious process. You’re leaving behind friends, your communities, and memories. Whether you’re moving to a new city, country, or down the street, there are a lot of things to consider.
This becomes even more apparent when you have to sell an old home before making the move final. You need to get it off your hands but you don’t want to sell it at a loss. There are a number of things you can do to maximize the sale price of your home. Some of them are obvious while others may be counterintuitive.
This article will tips you can use to improve the listing and final sales price and move into your new home with confidence.
Keep an eye on Market Conditions
Many people don’t realize that the real estate market fluctuates often. The market as a whole is influenced by factors such as the fixed and variable rate, number of homes on sale, available capital, and more. Together, they determine whether or not you’re in a buyers’ market or sellers’ market. These factors are largely out of your control but when you understand what’s happening, you can properly time the sale of your home.
Good Real Estate Agent
A good real estate agent is your golden ticket to finding the best price for your house. A good real estate agent is more than someone who finds buyers or lists your property. They’re a resource you can work with to make changes where necessary, highlight the best parts of your home, and guide you when things seem difficult. Don’t leave this aspect of the home selling process to chance. Spend as much time as it takes to find a top real estate agent with a verifiable track record and experience with selling homes similar to yours.
When gold is in its natural state, it can sometimes be hard to identify. At most, it’s a yellow streak wedged between quarts or other minerals. The same can be said of your home in its natural state. You’ve lived in it for years and it’s had considerable wear and tear. That’s not to say it’s in a rundown condition, it’ll likely just need a bit of attention.
That means you should clean it from top to bottom and get rid of any clutter which you may have grown used to. For example, piles of books, boxes, clothes, etc. should be removed or stored in a dedicated area. This is important because for someone to buy your home, they need to be able to envision what they’ll do with it. Clutter makes it difficult for them to do that.
When you’ve cleaned your home, the next thing to look at are minor damages. A doorknob gone here, a small whole in the wall there, and cracked tiles work together to make the house less appealing. Before you invite potential buyers, make sure you get these small repairs done.
Focus on the Story
Human beings fall in love with stories. In fact, the way the brain reacts to facts and stories is completely different. With stories, the parts of the brain associated with the actions taking place are activated. If people are eating in the story, that part of the brain is activated and so on. Every home has a story whether we know it or not. It’s up to you to tease it out and present it to your potential buyer. When done properly, you can increase the perceived value of the property and get more for it. After all, your home is only worth as much as someone is willing to pay for it. Increase the willingness to pay by creating an emotional connection.
Finally, the faster you need to sell your home, the worse the price is. You’ll end up taking offers that don’t reflect its true value. Instead of jumping at the first few offers, sit back and make up your mind to be patient. This is easier said than done, especially when you’re moving but it’s the most powerful way to maximize the selling price of your home.