Whether you’re striving to sell your primary residence or an investment property, there are a few things you can do to maximize your return. However, for a complete game plan on how we can sell your home quickly and for more, let’s chat. In the meantime, though here are a few tips on…
How to Sell your Home for More and Quickly
- Make the property show worthy) If you’re listing your home or thinking about listing it some-time soon, take a weekend and begin de-cluttering. One of the biggest turn-offs for potential buyers and Realtors when showing a home is a house cluttered with the original homeowner’s knick-knacks and personal belongings. Not only does it make the space look cramped, but it will make it more difficult for a buyer to imagine themselves living in the property and/or a Realtor finding the home as a good match for another buyer.
- Create a Bidding War) To create a bidding war, you must price your home just right. If you price your home too high, you’re most likely going to push off potential buyers. However, if you price it too low, then your buyers may think you’re in a rush to sell or there is something wrong with the property, therefore you’re going to see low ball offers. To price a home just right, look at the comparables, understand the market in terms of where it has been and where it is going, and then price it slightly below market value. That said, price it as such to attract multiple offers that can actually lead you to sell your home above asking price. Of course, every property and situation is different. Therefore, if you’d like to create a bidding war for your home, let’s discuss what would be the best campaign and strategy for you.
- Update the Home if it’s Necessary) Contrary to belief, renovations aren’t always necessary prior to listing a home. But, in those situations where a little uplift is recommended, budget friendly options are available. In fact, a new coat of paint can do just the trick to completely transform a room and its ambiance. Additionally, one of the best places to update is your kitchen! Just updating the back-splash, changing the hardware, and doing a deep cleaning can make a dramatic difference. Another bang for your buck upgrade is in new flooring. Buyers understandably are not too excited to move into a home with dirty, stained carpet. Therefore, if a good wash won’t do the trick, then you may consider swapping out the old carpet for hardwood or even laminate flooring (if budgets are tight). And if you already have hardwood floor, then all you may need is some sanding and refinishing to give the home a newly polished look. Nonetheless, before you invest in updating your home, speak to a Realtor, as myself, so we can assure that you’re getting the biggest bank for your buck.
- Improve the Curb Appeal) What’s the first and last thing potential buyers see when they visit your home? The outside of course! Curb appeal is quite important, yet many buyers forget to put in the effort to clean up and update the home’s exterior. Why? I don’t know. The problem with this is that many times buyers may not even give the inside of the home a chance if the outside is not appealing. In fact, after pulling up and seeing the “curb appeal”, they may just step back into their car and drive off. So what can you do to update the exterior of your home? Well, begin with cleaning up the outside, cutting over grown shrubbery, giving the front door a new and inviting coat of paint, limiting the decor to perhaps just a welcoming wreath, and planting some new and attractive plants against the wall. To take it up another notch, you can further update the garage door by painting it and adding new hardware, as well as completely updating the outside by painting the exterior.
- Brighten Up) A bright room, is a cheery room. To brighten up a dark room, you can incorporate reflective pieces such as metallics, shiny furniture, and mirrors. Such pieces are a great way to bounce off artificial and natural light to other areas of a space. Ideally, when placing a mirror on a wall, try placing it on the wall between the window and furthest wall. This will help pull the light in and bounce it off to the other side of the space. Additionally, if you are using dark and heavy furniture, linens, and textiles, swap them out for light and bright options to freshen up the space. Furthermore, take a look at your lighting. Are they the correct wattage? Are they spaced appropriately to light up more than just the floor and ceiling? Similarly, is there anything blocking the light from coming in through the window? Perhaps overgrown trees? Valances? Window treatments? If so, remove them and watch the light enter in. Lastly, don’t forget the power of indoor plants. Incorporating plants into your decor can freshen up even a windowless room. If you’re concerned about a dark space challenging a listing, let’s chat. With a few simple tricks, we can brighten up the darkest of rooms.
- Use Professional Photography/Videography) After your home is prepared, take professional photography and videography to display a strong presence online. The majority of house hunters research homes online first, in particularly during the fall/winter months. Therefore, make sure your property is listed with a description and photos/videos that not only attract and engage potential buyers, but also are search engine optimized. Additionally, promote the property online and offline to your audience with a search engine optimized website, online listings on various home searching sites (i.e. Zillow, Redfin, Homes.com, Realtors.com, Re/Max, etc…), social media channels with followers made up of your audience, email campaigns, to other Realtors, and in print to the community. Such tactics will help you sell quickly and for more, but for additional ideas and see how it can work together for you, contact me.
There you have it, a bit of guidance on getting into real estate investing. Hope you found this guide helpful. And again, I’m sure you left with many questions, so as your local Realtor, allow me to answer any questions you have about buying, selling, or investing in real estate.