Navigating the housing market can be very intimidating, especially for a complete beginner. It’s very easy to get overwhelmed and end up settling for less than you deserve when selling your home.
But on the brighter side, if you can prepare and stage your home correctly, getting top dollar for your home is not impossible. Therefore, you have to understand the housing market in your local area and use that information to prepare and sell your home for the most profit. Below are some tips on how exactly you can do that:
1. Make Essential Renovation
It’s vital to make all essential repairs before listing your property for sale. Why? For starters, it’s easier convincing someone to buy a property when everything is working. When too much stuff needs to be fixed, a buyer is likely to get demotivated about buying the home.
A home that requires fixing can also compromise your negotiation position. When many essential items need to be fixed, potential buyers will likely negotiate for a lower price. By doing the repairs yourself, you effectively eliminate that possibility.
Take San Antonio city, for example. The city experiences some thunderstorms, which can affect the integrity of a roof. The buyer will have the upper hand during negotiations if you sell your property without fixing such issues. That’s why you have to look for experts who do roof replacement in San Antonio to ensure your home is in good condition beforehand. The better the condition of your home, the more negotiation power you’ll have.
Repairs can also help your potential buyer qualify for the loan they need to purchase the property. For example, government-backed loans like FHA and USDA require properties to pass strict health and safety standards before the loans are approved. So do the repairs in advance to ensure the property passes these inspections and your potential buyer gets the loan they need to close the deal.
Making upgrades can also help you sell your property for more. However, you need to be keen about the type of upgrades you make. The upgrades should have a reasonable investment return; otherwise, you will lose your money. It’s worth consulting a real estate expert before making any upgrades.
2. Get The Timing Right
Getting the timing right can help you sell your property faster and for more money. According to multiple reports, the best time to sell a home is during early spring. Studies suggest most people like moving during the warmer season and when children are out of school.
Therefore, if you can time your sale correctly, you will get more cash and sell your property quicker.
Sadly, a few factors may prevent you from doing that. Let’s say, for example, you want to sell your property because you got a job in another state. In that case, waiting for the perfect time to sell your property can result in other expenses. These expenses can outweigh the extra cash you’ll make from selling your home.
Therefore, while it’s essential to get the timing right, consider all other factors. If waiting increases expenses, consider selling the property right away.
3. Partner With An Expert
Unless you are a real estate agent or investor by profession, chances are you don’t know much about selling properties. That’s why you need an expert – not just an expert but a local expert.
Experts know the ins and outs of buying and selling properties. They know the rules and regulations you need to follow. They know even more about pricing your property, listing it, when to list it, marketing the property, staging it, and negotiating for the best price.
Real estate agents are obviously not cheap. They can charge between 5 to 6% of the property sale value. However, the expertise they bring to the table is well worth it. They’ll save you from making mistakes that could lose you money. They will also advise you on which deals to ignore and the ones to consider.
4. Boost The Curb Appeal
First impressions matter. How good your property looks from the outside can directly determine how potential buyers will feel about the rest of the home. In fact, it can determine how many potential buyers actually walk through the door to inspect the house.
What that means is you must go out of your way to deliver the best possible first impression for your potential buyers. There are various ways of going about it – some affordable, others a bit costly.
For one, consider replacing the front door. Go for something fresh and inviting. However, this can be a bit costly for some people. In that case, you can repaint the front door. With the right paint, you can get the same fresh impression you need without spending too much cash.
Landscaping the outdoors and pressure washing the walk paths and driveway also goes a long way towards delivering a great first impression. You can even add some pot plants and lighting fixtures at strategic locations.
Hopefully, the above tips have given you insights into what you can do to get the best offer when selling your property. Get in touch with a real estate expert if you still feel lost.
