How to Sell for More
When it comes to selling a home, it’s pretty obvious that as the seller you want to make as much of a profit as possible. More profit means more money to put down on your next home which can help lower those monthly mortgage payments significantly.
However, there are also a lot of factors that come into play when figuring out the listing price of your home. But, what are some easy, practical improvements you can make on the front end that could lead to a significant return in the end?
1. Freshen up inside and out
You know the old saying, “Don’t judge a book by its cover”? Well, the reality is often houses are judged by their exterior. Investing a little in touching up paint both outside and in can go a long way in increasing the value of your home. When considering paint colors, be sure to choose neutrals that feel clean and appealing to everyone.
Bonus: Don’t just stop at the paint. Freshen up landscaping, fixtures, doors, flooring, and more for ultimate buyer appeal.
2. Offer more to your buyer
Offering a home warranty plan is not only appealing to many buyers, but it can also help you close the deal on a higher-priced home. Home warranty plans typically cost $350-$700, but that cost can easily be made up in the sell price of your home.
3. Make it look nice
If your home doesn’t look appealing online, chances are people aren’t even going to give it a second glance no matter the price. Staging is the key to getting those beautiful home pictures that draw potential buyers in and help to close the deal. Many homeowners choose to declutter and stage themselves, but you can also hire professionals to come in and help do the hard work for you.
4. Be aware of the market
To get the most money for your home, it’s important to know which way the housing market is trending. Is it a buyer’s market (there are more homes for sale than there are buyers)? Or, is it a seller’s market (there are more buyers than there are homes for sale)? Ideally, it’s best to list your home during a seller’s market. A realtor can help you know which way the market is trending and when it would be wise to list.
5. Be Strategic.
Lastly, when it comes to selling your home for more money, it’s critical that you know how to negotiate well. In order to do this, it’s important that you have a working knowledge of how much things cost, how the process works, and when it’s worth it to give and take. Again, if this process seems overwhelming, know that hiring the right realtor can help. During this point of the home-selling process, the right realtor will stand in your corner and advocate for you during negotiations.
While this list isn’t comprehensive, doing these 5 things will help to ensure that you can sell your home at the best price.
Next Steps
If you’re looking for a realtor that will support you, advocate for you, and ensure that you sell your home for the most money possible, I’d love for you to reach out. I have years of experience and feel passionate about working hard for you. Contact me at traceyrice@kw.com or 405-226-3770!