It’s no surprise the housing market can be highly competitive. As of June of this year, the average home price in the U.S. sat north of a quarter of a million dollars. That average price is expected to continue climbing in certain cities.
So, how do you get the best price when selling a home? It can help to understand local trends, set the right initial price, and negotiate.
If you’re beginning the process of selling your home, continue reading for 5 tips on how to get the best possible offer.
1. Time is Money
Timing truly is everything in so many areas of life, especially when selling a house. Time of year typically affects demand. Spring and summer are known to be popular times of year for listing. Listing outside of that time frame may cost you valuable money on the table.
Occupancy rates and local markets also have an effect on selling, as high occupancy rates and low supply can drive prices up. Taking a look at local home appreciation levels can be a good gauge for how fast rates are rising.
2. Price is Right
Setting a good initial price means you can avoid the pitfall of overpricing your home, making it difficult for potential buyers to find your listing. Conversely, pricing a home too low means you might be leaving money on the table.
A good real estate agent will be able to assist you with a local market analysis to see what other homes in the area have sold for.
3. How to Sell
The typical steps for selling a home start with you preparing your home for sale. After that, your next step would be to find an agent to work with. Choosing the right team can make all the difference in getting what you deserve for your home.
If you’re selling a house in St. Joseph MO or selling a home in Overland Park area, the agents at https://sellwithstroud.com/ are well equipped to help you start the process. They know the ins and outs of the real estate market in your area. They will make the process of putting your home on the market a seamless one.
Another option is to utilize the for sale by owner method in which you take on the responsibilities of the agent. However, this can get complex and time-intensive.
4. Upgrade and Repair
It can be a good idea to get your home inspected prior to listing. This will allow you to seek out and make any repairs that could hinder a potential buyer from putting down an offer.
There’s no need to spend massive amounts of money on large repairs prior to selling, however, making small upgrades can make a world of difference. Paint those walls, clean the curtains, and replace any wiggly door handles.
5. Don’t Get Personal
Meaning, no one wants to buy a home that doesn’t feel like them. If a house feels extremely personal, a potential buyer will walk in and feel just that. It’ll feel like someone else’s home, not their future one.
When selling, it’s a good idea to remove personal mementos like family photos, personalized decorations, and various mementos. Stage the home to show its maximum potential for the next owner.
Home Sweet Selling a Home
The process of selling a home is time-intensive, but it’s an exciting adventure to undertake.
Understanding local trends, hiring the right agent, and making sure your home is staged appropriately can all make a world of difference and help you with selling a house fast.
For additional money-making tips, be sure to browse through any of the additional articles in our Business section!