If you’ve been keeping up with the real estate market at all, you’ve likely heard about the impressive rate at which home prices have been rising. The combination of historically low-interest rates, low inventory, and increased demand due to the coronavirus has created a very hot market indeed.
When selling your home, there are typically two primary factors that are on your mind. Firstly, how fast your home will sell, and secondly, how much it will sell for.
Some people might be willing to accept a lower sales price in order to sell their home faster, while others might be willing to wait it out on the market to get the maximum sales price.
What if you want to sell your house fast and for maximum profit, though? Let’s take a look at some tips for selling your home to ensure that the process is both quick and profitable.
Work With a Local Expert
Professional guidance and help can make a huge difference when it comes to selling your home fast as well as maximizing your profits. Unless you are a real estate investor or professional yourself, you will likely benefit from enlisting the help of a real estate agent or consultant.
Finding the right real estate professional to work with can make a huge difference in every aspect of the selling process. They will be able to help you time your sale right, prepare for the listing, and set the right price. Since they are well-versed in the ins and outs of the local real estate market, they will be able to help guide you and help you make the right decisions.
Get the Timing Right
The sales price of your home can be greatly impacted by the time of year that you list your home. This also can affect how long your house will have to sit on the market for you to get as much money as you know the home is worth.
The best time to list your house for sale is generally agreed upon to be in early spring. However, that’s not the only important factor to consider. The circumstances of your own life will help you determine the right time to list. Working with a real estate agent can help you weigh out the pros and cons of listing at different times of year to help you get the outcome you are looking for.
Choose the Right Sales Price
Determining the proper listing price for your home can be one of the most difficult aspects of the home sale process.
On the one hand, you want to make as much money as possible. However, setting a sales price that is too high can reduce your pool of interested buyers and leave your house on the market too long. Setting a sales price too low can mean that you end up leaving money on the table.
Make Essential Repairs
Some home sellers choose to hire a home inspector, though this isn’t required. If you go this route, it can help you anticipate and understand problems that could come up when buyers have a home inspection. By staying ahead of the game in this regard, you can make essential repairs that could otherwise slow down the process or leave you starting from square one entirely.
Think About Curb Appeal
Making a great first impression is essential in real estate. One of the ways that you can ensure that buyers get the best first impression of your home is by thinking about curb appeal. Making small, inexpensive, and superficial improvements to your house’s outside can offer a great return on investment.
Before listing your home, do some work to help make your home seem inviting and appealing. Make sure that your yard and porch are clean, well-kempt, and uncluttered. You also might consider adding some tasteful potted plants, repainting your front door, or adding a new light fixture.
Make the Right Impression
In addition to curb appeal, you’ll want to make a great first impression before potential buyers even do their first drive-by of your home. One of the best ways to ensure that you are getting the maximum amount of interest in your property from the get-go is by having professional real estate photographs in your listing.
At the same time, you will want to put time into cleaning, decluttering, and perhaps even staging your home. Consider hiring a cleaning service to deep clean your home before listing.
In terms of decluttering, you will want to remove everything and anything that doesn’t add to the appeal of your home. You want your home to feel comfortable to live in but you also don’t want it to seem crowded and small. Rent a storage unit to store extra furniture or belongings to help your home seem open, large, and inviting.
It’s also often advised that you remove any objects that are too personal. When homebuyers are looking at potential new houses, they aren’t just coming at it from a financial angle. Choosing a home is a very emotional process for most buyers, and they want to be able to envision themselves living there.
Your real estate agent might suggest that you have the home professionally staged or they might include this service as a part of listing your home. Staging can help to highlight the best features of your home without alienating buyers through overly personal decor.
These Tips For Selling Your Home Can Help You Maximize Profit and Sell Your Home Fast
In today’s chaotic real estate market, it’s important to have the right real estate professional working with you both when you buy and sell a home. These tips for selling your home will help you both maximize your sales price as well as sell your home faster. However, an experienced real estate professional will be able to help you navigate the more nuanced decisions of the process.
Is it time for you to get started on your journey of homeownership in the Tampa Bay area? If so, contact Alex today!