The price you can potentially earn for the sale of your home may fluctuate due to factors that are out of your control, such as current interest rates, prices in the current market and the demand for homes in the area. However, there are additional factors affecting your selling price that are completely in your hands.
If you’re thinking of putting your home on the market or already have your home listed for sale, you’re probably eager to do whatever you can to ensure you make a profit from the property. Review the following tips and tricks for getting the highest price out of your home sale and you’ll be well on your way to getting your property sold for as much as possible.
Clear out the Clutter
If you’re still living in your home while you have it listed for sale, it can be hard to clean out your clutter completely. However, it may be worth renting a storage unit for a few months while your home is for sale to store the items you don’t use on a daily basis. Most real estate agents will inform you that even tidying up your clutter is not good enough. You must eliminate many items in your home so you can:
- Make it look larger.
- Maintain potential buyers’ interest.
- Keep distractions at bay.
- Show off the available space.
In addition to clearing off clutter from countertops and end tables, you should also look into your closets and bedrooms. Keep in mind that when potential buyers are shown the home, they will open all doors, drawers and cabinets to check out the space. Storage space is an excellent buying point and can be what gets you a higher price point for your home. If you simply take your items from common areas and stuff them into closets or cabinets, buyers may assume there is not enough storage space in the home and dismiss it as a potential purchase.
While taking the time to declutter your home, you should also ensure you depersonalize it. Clear away any family photos or related items before allowing home showings. Real estate agents often advise home sellers to do this so that potential buyers find it easier to see themselves living in the home. If you leave personalized items visible, a potential buyer who is touring your home may not be able to connect to the space as well. By hiding your own personal items from display, a buyer can start to envision how he or she would decorate the house, which can lead to more interest and a potential sale.
Fix the Little Things
If you have a few minor repairs that need to be made to your home, don’t put them off any longer. Before you even list your home for sale, take the time to fix any of these small imperfections. While they may be inexpensive repairs and may not be noticeable to you, a potential buyer is on the lookout for imperfections in your home since he or she wants to ensure the home is in perfect condition before putting in an offer. Minor items that aren’t functioning can lead the potential buyer to assume the home will be too much work. Before placing your home on the market, you should:
- Repair any damaged siding or exterior work.
- Fix any wall nicks or paint chips.
- Make sure all doors and knobs are tight and operable.
- Repair damage to any shelving units, light fixtures and closets.
- Ensure all window treatments fit properly.
A home that looks flawless and seems to not need any work can also be priced higher than a home with a few imperfections. By putting in a little investment and some elbow grease to make these small repairs, you can ensure your home will show well and you can get the best price.
Listen to Your Agent
While you may have a price for your home in mind, it is best to listen to the experts when listing your home. Your real estate agent will analyze data on homes that have recently sold in your area to confirm the price your home should be listed at. The agent will take many factors into consideration when pricing your home, including:
- Upgrades or additional features.
- The size of the home.
- The current market.
- The home’s location.
You should feel comfortable with the price your agent sets for your home. However, if you feel the price is low, make sure your emotions are not getting in the way. It is common for homeowners to let the emotional attachment they have to their homes skew their perceptions of realistic pricing. If your real estate agent can explain his or her pricing through comparative analysis, you should consider listening to the expert.
Don’t Stick Around for Showings
It may be tempting to meet the potential buyers that are coming to tour your home. You probably want to tell them about all the great features your home has or how wonderful the neighborhood is. However, if a showing is scheduled, it is best to leave the property and come back only after the potential buyers have left. When homeowners are present, buyers can become uncomfortable and they may not take the time to truly inspect the home.
If a potential buyer feels rushed, he or she may simply cross your home off the list of potential purchases. As soon as a showing is scheduled, make plans outside of the home and bring all your family members with you. If possible, bring your pets with you as well or ensure the buyers feel comfortable throughout the tour.
If you’re looking for the best price for your home, it’s important to take the time to prepare it for potential buyers. By following these tips and tricks, you’ll get a lot more action on your listing and will have it sold for top price in no time.