If you’re in the market to sell your house—
Well, there are a few things you’ll need to know first.
The housing bubble burst sometime in the 1990s. That means that your house is probably worth a lot more than it was when you first bought it. However, it also means that it has to be as close to perfect as you can get it for somebody to drop that exorbitant amount of cash on it.
Not only that, you have to be smart with how you sell.
So without further ado…
1. Repair and Upgrade
Before you even begin to think of listing anything, make sure your home is up to snuff. Pretty up the front of your house since that’s the first thing that potential buyers will see, and make sure nothing inside is falling to pieces.
Renovate old bathrooms and kitchens, repaint the walls to neutral tones and take down personal effects to help potential buyers see themselves living there, and put any large furniture into storage to make the rooms seem as big as possible.
2. Set the Price and Be Realistic
Don’t just pull a number right out of the air.
Look up homes nearby that are like yours and take stock of how much they’re going for. Make a list, a spreadsheet, whatever you want to compare them all. Behave like you’re going to be buying one of these houses.
Once you’ve got all that in order, find a price that you feel comfortable with that is also competitive. You want to give people a reason to buy your house, but you don’t want them to think you’re trying to offload a sinking ship onto them.
With that in mind…
3. Be Prepared to Lose Money
Your house is not worth what the appraiser told you.
Your house is not worth the current market value.
Your house is most likely not worth what you paid for it when you moved in.
Your house is worth no more, and no less, than what buyers are willing to pay. When studying up to price your home, look at sales prices and not asking prices. What people ask for and what people get are sometimes two entirely different sums. Learn to destress yourself during the house selling time, click here to learn how to.
You’re never going to sell if you don’t tell people you’re selling. Only putting a ‘For Sale’ sign on your front lawn isn’t enough. That reaches only a handful of individuals, and only one in a blue moon will be in the market for a new house.
The first thing you’re going to want to do it put an ad out on the internet. Most of the housing market has gone digital, so even if you put up flyers around the neighborhood, make sure to bring up a web ad to reach people that might be looking to move in from out of town.
Go through each room in the house and take two pictures: one from a corner, and one from the corner opposite that one. For smaller rooms like the bathroom, one picture from the door is fine.
Also, make sure to list a phone number that can reach somebody instantly. Leaving messages is alright if you don’t have any other option, but that runs the risk of letting a potential buyer get away.