How the Get the Highest Price for Your Home
3 minute read
There is no doubt that we are in a seller’s market. Demand is high and supply is low. If you want to sell your home, it is a great time to do so, but how do you set yourself up for success to obtain the best price? Here is a list of steps to ensure that you capture the most attention (and money) when you want to sell your home so that you can sell your home for the highest price.
Pricing a Home Correctly is an Important Starting Point
If you want to sell your home for the highest price, set the price for your home correctly from the start. Don’t try to “test the waters” and see what you can get for it. If the price is set too high, you may miss out on potential buyers looking because your home is overpriced. Conversely, if priced too low, you may receive multiple offers, but don’t get caught up in the excitement of receiving an offer right away. Your home will sell for more if it is priced at market value from the start; not too high, not too low.
Clean, Clear, and Shine to Sell Your home for the Highest Price
If you want to sell your home for the highest price, make sure your home is clean and well maintained. Buyers are willing to pay a premium price when they see that a home has been well cared for. First of all, it will make a favorable impression. Secondly, buyers know it means they will not have to spend a lot of money making repairs.
Next, clear the clutter. Buyers don’t want to purchase your home or your belongings; they want to purchase their next lifestyle. If you plan on moving out when placing your home on the market, staging your house so potential buyers can get a feel for how the house “flows” and “lives” can go a long way towards maximizing its appeal.
Lastly, make it shine. If repainting has been on your to-do list for too long, this is a good time to get this job done. Buyers are drawn to clean, fresh spaces. Paint is inexpensive, and a fresh coat will always make a home sparkle. Even in a seller’s market, buyers will make a low offer, or walk away if your home doesn’t provide an inviting and welcoming showing experience.
Point Out the Locations Benefits
The old adage in real estate is, what sells a home? – location, location, location. Make sure that your realtor highlights what is ideal about your location. For example, being in a great school district or close to shopping areas with popular businesses or stores will make your house more desirable and allow buyers to justify paying more for it because of its desirability.
Potential buyers are not always going to know this, so it is important that you have a good agent who boasts about not only the home’s features but also the lifestyle benefits.
Have a Pre-Inspection
Have the home inspected before putting up the “For Sale” sign. If there are issues you need to address, it is best to know about them and make the necessary repairs prior to listing. Buyers will most likely do an inspection and are also likely to ask for shortcomings to be addressed. Having the inspection items handled before a buyer’s inspector discovers them will help ensure that the sale moves forward. In most cases, a buyer can back out during the inspection phase, so it’s important to reduce the chance of this happening.
This market is a robust seller’s market so you may receive multiple offers. Don’t feel pressured to accept an offer immediately because you may have other interested parties ready to act. Talk to your realtor about the best strategy to invite multiple offers. With the proper positioning, you are more likely to receive top dollar.
Let us Help with the Next Steps
These are just a few of the tips that will help you sell your home for the highest price in a hot market. For more information or if you have any questions, please feel free to contact us to discuss the market and your home. We can guide you through every step of the process so that you are confident and informed.