One of the biggest faults folks make when selling the house, is not comprehending real estate value. It doesn’t matter at all what you would imagine your house is worth. The value of your house, and any improvements you made, is based on buyers. What you liked about your house is irrelevant as soon as it is time to market it. Think in terms of what other folks need, and use a lot of the following tips.
10 Tips for Selling the House
1. Know your own market. Discover what other equivalent houses have sold for, and get those examples ready to show potential buyers.
2. Select your minimum price – Do not tell your real estate agent what this particular minimum is, yet talk with any buyers who make a deal above it.
3. Clean the most visible things first. Purchase a new mailbox, perhaps. When potential buyers fall in love with the house before they even enter it, they will forgive lots of problems.
4. Clean up the area. In the event that there’s a neighbor whose yard is really a mess, give their kids $10 to pick up the yard. Spend one more $20 to put flowers in any common-areas, and buyers may have a better first impression from the neighborhood.
5. In case you or your own agent are not getting many calls, find out why. Is more marketing and advertising needed, or is the price too high? Drop it fast, if the price is the issue.
6. Listen to comments of prospective buyers. They will be more objective than you. If you hear many times that the kitchen is actually dark, get out the white paint.
7. Find out what the typical sales time is in your town. If your house is taking longer than average to market, there is a problem. Ordinarily, it’s the price.
8. Be sure you ask your agent what they want to do – before you sign a listing agreement. Write down what they say, as well as hold him or her to his or her promises.
9. If you’ll find any identified problems, such as an aged roof, get an estimate for repairs. The sellers might want a $7,000 allowance for a new roof – until you suggest to them your $4,000 estimate.
10. Do any improvements that may really get you at least a two-to-one return on investment. In case $300 for you to seal the driveway will add $600 to the sales price of the house, do it. Consider first those things that are most visible.
There is a multitude of things you can do while selling the house faster, and get a much better price. With no time to do them all, start with the ones that may get the most “bang to your buck. ”