The world of real estate sales is complex and demanding, with several nuances you must master in order to be successful. You want to be fearless in the process, but without the right knowledge and concepts in mind, you could find that it is more difficult to gain your edge. If you plan to ever sell real estate as an owner or even as an agent, you would do well to take every opportunity to learn, learn, learn.
The little efforts involved in keeping up with painting, landscaping, and minor repairs (to name a few examples) can be a hassle for homeowners. Neglecting these tasks for too long will lead to a huge amount of work before a house can be sold.
Add some energy efficient things to your home as soon as you realize you are going to list it for sale. Get LED bulbs, solar-powered outdoor lights or an energy monitor to convince buyers that they will save money on their energy bills after moving in.
As you prepare to list your home on the market, you should first determine a reasonable, fair price. A great way to do this is to compare other similar homes around the neighborhood, town, county, etc, and find out what they’re selling for. If your home carries a steep price tag, you could ultimately be forced to reduce the price.
Little kitchen updates can create big returns with the appeal and value of your home. Adding one eye-catching appliance, like a stove or refrigerator, can make the kitchen more attractive to buyers. Try adding wood block island fixtures and some hanging storage for popular kitchen upgrades. Getting new cabinets can be very expensive, try painting them to get a fresher look.
Have the air conditioner and heating systems serviced prior to putting the home on the market. Buyers may be turned off by homes that require an instant investment in the form of a furnace or other major amenity, so keeping these appliances in good working order will add appeal.
In some regions, the time for buying and selling homes tends to be seasonal. Make your house more attractive by adding seasonal decorations. Rake up the leaves in your yard regularly, and late season buyers will be more interested in your house.
Asking Price
Every seller relishes the idea of a bidding war. The more competitive your listing price, the more likely you are to get a lot of foot traffic and a quick deal near asking price. If they then get into a bidding war, you can actually surpass your original asking price.
Add appeal and make your home seem larger to prospective buyers by thoroughly decluttering. Closets should have very few items in them, be well-organized, and dust-free. You should clean your kitchen cupboards well. However, you can leave some items in the cupboards, as long as they look neat and sophisticated.
When it is time to show your home, open the curtains and let as much light in as possible. Potential buyers love to see how bright a home can be from just sunlight. Also, remember to lift or open blinds to allow for maximum light to enter your home. If the weather is good, you could open up the windows, in order to provide the house with some fresh air that appeals to possible buyers.
You may be selling your home or selling a piece of commercial property. Either way, you must try to always stay one step ahead of the rapidly changing real estate market. However, the tips in the above article can provide an excellent foundation to increase the power of your selling tremendously.