Selling your home will take some work, but just because it will take effort does not mean it needs to be any harder than necessary. If you’re a homeowner looking to sell your house, you’re probably thinking about where to start.
Watch our video below as we go through a few tips we give our sellers that can set themselves up for success during the process.
Here are a few tips we give our sellers that can help them set up for SUCCESS during the process:
1. Pricing Your Home Right Is The Key
In today’s real estate market, setting the right price for your house is one of the most valuable things you can do. Using current market conditions when pricing your home will help increase your odds of receiving multiple offers.
According to the U.S. Economic Outlook by the National Association of Realtors (NAR), existing home prices nationwide are forecasted to increase 4.7% in 2020 and 4.1% in 2021. This means experts anticipate home values will continue climbing into next year. Today, low inventory is largely keeping prices from depreciating. Danielle Hale, Chief Economist at realtor.com, notes:
“Looking at the sheer number of buyers, low mortgage rates, and limited sellers, the strength of home prices–which are now growing at the highest pace since January 2018–makes sense.”
When it comes to pricing your home, the goal is to increase visibility and drive more buyers your way. Instead of trying to win the negotiation with one buyer, you should price your house so that demand is maximized and more buyers want to take a look.
The key is making sure your house is priced to sell immediately. That way, it will be seen by the most buyers. More than one of them may be interested, and your house will be more likely to sell at a competitive price.
2. Stay Grounded And Keep Your Emotions In Check
It might have been love at first sight years ago, but the time has come when you realize you need to break up with your current home. Separate the sentimental value of your house from the fair market price. Before you do anything, determine if you have good reasons to sell. Once you’ve decided to sell, you’ll need to emotionally prepare for the selling process. The inspection process will inevitably reveal some flaws. It’s natural to feel some emotional attachment. It may be hard to believe right now, but you’ll soon become just as attached to your new home as you were to your old one.
3. Stage Your Home To Stand Out
Furnish, clean and declutter to make it inviting and appealing to buyers. Staging is one way to increase offers. Given how quickly potential buyers scroll through homes, you want yours to stand out.
- Staged homes sell for 1% to 10% more than unstaged homes.
- Staging makes it easier for buyers to imagine themselves living in the home.
Your home does not have to be perfect. However, staging allows buyers to focus on the features they love rather than the things they would have to change. As interest rates rise, it is particularly important to make your house stand out from the crowd. Staging can help you do that.
If you’re on the fence about whether or not to sell because you don’t know what to do. Let’s connect so you have a trusted relationship easy professional on your side when you’re ready to start the process!