In order to sell your property for a higher price, there are some things that you’ll have to learn, including the trends happening in the local market and the total value of your house. Besides this, you might want to consider improving and renovating some parts of your home, mostly because this could help you increase its overall value.
So, what are the things that you’ll need to do, and will it actually help you sell your house for more money? Luckily for all homeowners that are thinking about selling their property, our article below can help! Here is a list of the top seven tips for getting the highest possible price when selling a house:
1. Learn More About The Local Market Trends
The first two things that you should learn is that there are two categories in the local market that you might fall into. The first one is called the buyers’ market, which is when there are more houses for sales than there are buyers and in this situation, the prices seem to always go down. The second one is the sellers’ market, which is when there are more buyers than homes for sale. To learn in which category you are in, you should look at your local market trends, which will tell you how long have some properties been up for sale.
Why is this important? Well, for starters, these trends will help you learn how you can price your estate, as well as whether or not you’ll be capable of negotiating the final price. Besides this, it’ll also indicate for how long your home will be listed on the market before someone purchases it, as well as when might be the right time to sell it, which leads us to the next, more important, point in this article…
2. You Need To Choose The Right Time For Selling
Another thing that you’ll want to consider is the time you’ll put your estate up for sale. Generally speaking, people tend to move to a new place during the warmer months, mostly due to the fact that they want to finish the move while their children are on a break from school. This, combined with you following the market trends will help you choose the right time for selling your home, thus, you’ll be able to sell it for a higher price.
3. Work With Professional Organizations
You might want to consider working with a professional organization such as the Real Big Group that won’t only give you financial advice, but that’ll help you with all legal processes, home improvements, listing your home, as well as marketing it. By working with such experts, you won’t have to go through the entire process by yourself, instead, you’ll be able to work with people that know exactly what needs to be done to sell a house for more money.
4. Take Care of External Walls + Backyard!
Since you now know the first three steps in the process, you’ll have to make some home improvements. The very first thing that you must do is to take care of your external walls. Now, you won’t have to spend thousands of dollars on repairs, but a fresh layer of paint, repairing the roof, as well as examining the windows and doors can help you increase the overall price of your property. Also, it’s wise to take a look at your backyard.
Does your lawn need mowing? Are there some dead trees that pose a safety hazard? Are there some areas of your fence that need fixing? All of these small repairs and improvements can help you sell your house for more. Additionally, taking care of your driveway will increase your curb appeal – which is, of course, something that can easily increase the overall price of a property, hence, consider making the improvements we’ve mentioned.
5. Decluttering + Taking Care of Your Interior
You might not realize this, but a lot of potential buyers envision themselves and their family members in the house they’re thinking about purchasing. Because of this, it might be wise to declutter your home from your personal items which can include photographs, travel souvenirs, clothes, shoes, some decorations, and so on. By doing so, a potential buyer will be capable of imagining their personal items in your home, thus, they could end up agreeing with the price you set.
But, this isn’t enough. You must take care of your interior as well, which means that you must look at your floors, walls, as well as any other fixtures and installations that might require repairs. People often look at every single detail of a house, and if they find anything wrong with it – especially something that requires fixing – they’ll probably try to negotiate a lower price for the estate. Thus, ensure that your interior is perfect during the open house.
6. Upgrade Your Kitchen + Bathrooms
The kitchen and bathrooms are the most used rooms in any home, which is exactly why you must ensure that they’re clean, mold- and mildew-free, and that they’re actually functional. Hence, you should upgrade your kitchen and bathroom. And no, we aren’t talking about you installing new granite bench-tops and extremely expensive appliances, instead, you should just guarantee that everything is in working condition.
7. Taking Care of Your Interior Walls
Last on our list of advice, but equally important as everything else is the fact that you must take care of your interior walls. After all, potential buyers won’t like seeing stains or dark lines across the walls, thus, make sure that you apply a fresh coat of paint. Keep in mind, you won’t want to choose dark colors since it’ll make any room appear smaller, instead, opt for something fresh and neat-looking such as light blue, gentle yellow, or peach.
Yes, selling a house can be extremely daunting, time-consuming, as well as stressful. However, if you choose to follow most of the tips we’ve mentioned above, you won’t only make the entire process easier, but you could ensure that you actually sell your estate for more money!
Since you now understand exactly what you need to do, you shouldn’t spend any more of your time reading similar articles. Instead, you should return to the beginning of our list, and start with the first piece of advice we’ve offered – which is learning more about the local market trends!