It’s never easy saying goodbye to a house you’ve spent years of your life in. Fortunately, successfully selling it with a fast turnaround and for a good profit can make the process a lot easier. Here are some helpful tips for how to do just that.
Study the Local Housing Market
The best way to set yourself up for success is to learn the ins and outs of what you’re about to get yourself into. Knowing whether you’re in a buyer’s market or a seller’s market can have a big effect on things such as when you should sell and how much you should sell for. Even if you have some prior experience in another market, it’s worth looking into your current situation. The market of Memphis houses for sale is going to be very different from the market in New York City, or Portland, or Baltimore.
Get Your Timing Right
Picking the right time to sell your home can make all the difference between making a profit or taking a loss. As noted above, markets change over time, with some being more amicable towards buyers than sellers. Even seemingly minor changes, like what season it is, can have an impact. If you live in an area with harsh winters, for instance, you’re likely to find more buyers in the summer.
Set a Competitive Sales Price
How do you put a price on the place you once called home? Carefully. Setting an excessively high sales price will likely turn off any potential buyers right away, but setting the price too low doesn’t do your bank account any favors either. This is why it’s important to research your local real estate market. See what other houses in the neighborhood are selling for and try to price yours at an amount that is similar but competitive. Even a small discount may be enough to attract buyers.
Make a Good First Impression
Your home’s first impression isn’t just your best bet at making a sale, it might as well be your only bet. Nine times out of ten, no matter how cheaply you price your home, if you don’t make a good first impression, you’re not going to make a sale. Improve your chances by making sure your property is at its best. That means it should be clean, uncluttered, well-staged, and properly maintained.
Add Value with Upgrades
If you’re looking not just to make a sale, but to make a nice profit, you might want to consider adding some upgrades to your property. While it seems self-defeating to invest money in renovating a house you’re going to sell anyway, the truth is that even inexpensive changes can help increase your home’s value. Small upgrades that often pay off include such things as replacing doors, windows, and fixtures, installing energy-saving light bulbs, and refinishing hardwood floors.