Selling your house requires a strong return on investment (ROI). After all, a house is an investment. It should increase in value over time, enabling you to accumulate wealth and elevate your financial situation. It’s crucial to paint a picture of a life that potential buyers can aspire to when preparing a house for sale. You want the buyer to picture themselves living in the home’s comfort and luxury. You would like them to envision a future that is full of loved ones and friends; a successful and fulfilling future. The likelihood that the buyer will make you a high offer increases if they become emotionally invested in a future vision for themselves.
1. Hire an Experienced Local Expert
A real estate agent who is well-versed in both the psychology of property marketing and the dynamics of your local market will probably earn their fee. Zillow suggests working with a professional real estate agent because they are aware of the strategies that work best in your community for selling homes quickly. Things like contract preparation, negotiations, signing, and closing will be streamlined.
2. Declutter and Clean up
Making your home’s interior appealing to as many buyers as you can is one of the many techniques for selling a house quickly, but when you’re short on time, it’s a must. Your time is better spent planning your move out and making space for your agent and their team to get to work. Leave enough space in the closets so that it appears that the house has plenty of storage rather than stuffing them full of extra items. After all, ample storage was rated as extremely or very important by 64 % of buyers in the Zillow Group Consumer Housing Trends Report 2018.
3. Stage It
When you’re ready to sell, staging your house (or even just one or two rooms) can help you get a much higher asking price. Just take a look at the National Association of Realtors most recent Profile of Home Staging Report. The report states that 23% of buyers’ agents believe staging boosts a home’s dollar amount by 1% to 5%. Another 25% of the agents claim that the increase in value is between 6% and 20%.
4. Price To Sell
Selling within the desired time frame was the biggest challenge for 21% of sellers, according to the Zillow Group Report. Selling your home quickly isn’t a given, even in a seller’s market where there are lots of buyers vying for a limited number of properties. Setting a competitive price for your home is one way to significantly speed up the selling process. Overpricing will prolong the time your product spends on the market, though you might still sell it for less in the end; it’ll just take you longer to get there. To generate interest and spark a bidding war, you could decide to set the asking price a little lower than similarly situated homes in your neighborhood.
5. Time it Right
Generally speaking, if you want to maximize your profits, you should buy low and sell high. While pinpointing your exact highs and lows is impossible, you can monitor the market and take action when the odds are in your favor. A rise in demand? Price increases? Are mortgage rates low? If you’re unsure, a knowledgeable local real estate professional can usually provide you with the most recent market data for your neighborhood. The ideal time to list your house is on a Saturday in the first half of May, according to Zillow. Homes listed throughout this time period sold six days more quickly than usual and for $1,600 more.
The Bottom Line
It’s not difficult to get a good return on your home investment; all it takes is some preparation and thought. In the near future, do you intend to sell your house? Make sure you speak with a local expert who is on the ground and can offer you the lowdown. To maximize returns, you’ll want to strategically time your sale.
What To Do:
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