When the time comes to put that sign in the yard, there are hundreds of good house selling tips that can help you. However, there are tips that are more important than others. Here are three of the most important points.
Be Sure You Understand Value. Just because you like your home doesn’t mean that it is worth more and it may not even be worth more after you spend $10,000 making it the way you like it. It’s worth will be based on what others will pay. One of the worst parts of a real estate agent’s job is trying to explain to a nice couple that their $45,000 in kitchen improvements only added $10,000 to the value of the house.
It is easy to see the problem with pricing too low, but making less money is a problem of pricing too high as well. While waiting to sell, you have costs that you pay. Also, people are suspicious of homes that have sat unsold for a year, and less likely to make an offer even if you have finally lowered the price. As for the perfect buyer who would have paid the most, he or she may have looked at the home when it was over-priced and walked away. If you want to get the most money, then you need to price it right to begin with.
Do You Understand the Market? Be sure that you know who your potential buyers are. A sign in the yard won’t help much if you’re selling a summer home in the woods and all the buyers are in the city. You or your agent can decide which ways to market the property once you identify who the likely buyers are.
Are you in a quiet neighborhood that is attracting retirees? If that’s the case, then you would want to advertise the fact that your house has one level. Older buyers would in fact consider “no stairs” as an important selling point. But the neighborhood being one that is likely to attract young couples would mean that it would be a waste of words. Before you try to sell, it’s a good idea to consider your market first.
All about Cost-Effective Preparations. Of course you should clean the house and mow the lawn. The other things you do to get ready for the sale should be cost effective though. The rule is that you should first do those things that will give you a three-to-one return on your money.
Precision isn’t important or possible. The point is to do things that raise the value more than they cost. $1,000 to repave the driveway may increase the value of the house by $3,000, but a $50,000 pool might add only $25,000 in value. Replacing that dented mailbox, and work on those things that get “the most bang for the buck” would be a good place to start.
Having the time and motivation would also mean that you can find endless little house selling tips. Why not start with the important things first considering that it may not be a bad idea after all?
Update your home’s appearance for a faster transaction with bathroom remodeling contractor Philadelphia.
No comments:
Post a Comment