Tuesday, February 16, 2021

Essential Things To Consider Before Putting Your Home Up For Sale

 Selling your home is a big decision. If you’re still deciding whether or not to go ahead with a move, or you’re thinking about putting your home on the market, this guide contains useful information to help you prepare. Here are some essential things to consider before you put your house up for sale. 

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Where to move

If you’re selling up and moving to pastures new, it’s important to think about the future and decide where you’re going to live. It may take a long time to sell your home, but it’s also possible that your house could sell quickly. It’s best to be as organized as possible when it comes to selling and buying houses. Once you have a location in mind, you can set about figuring out a budget and start searching for a property to buy or rent. If you’re moving to a different city or state, research neighborhoods and look at markets to see how much houses are selling for. If you are putting your home up for sale, having a plan will give you peace of mind and ensure that you don’t have to rush into making decisions. 

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How to sell

There are multiple options available to sellers today. While most people still opt to hire a real estate agent to find buyers and oversee the sales process, it is also possible to sell online and to use companies that offer cash for homes. The main advantage of selling online is saving on real estate agent fees, but it does mean taking on more legwork, for example, taking calls from prospective buyers and arranging viewings. As the seller, you’ll also need to engage in negotiations and market the property. Using a real estate agency can be beneficial because it enables you to access a range of services, including marketing, and your agent will also take calls and arrange viewings and open houses. Selling a company that will pay cash is easy and quick, but it often means getting a lower price. This option might appeal to you if you’re in a hurry to move. 

How much to sell for

This is the million-dollar question for vendors. If you’re selling your home, it’s natural to want to get the best price, but how do you go about setting a fee and deciding whether or not to accept an offer? The first step to take is asking agents to provide valuations. It’s always beneficial to ask for several valuations so that you have a more accurate idea of the value of your property. If you have a range, it makes sense to expect to achieve a fee somewhere in the middle. Once you have a valuation, you can set an asking price. It is important to understand that the valuation is not the only factor that affects pricing. The strength of the market and the demand for houses that are similar to the property you are selling will also play a role. If houses are selling like hotcakes in your neighborhood and demand is increasing, people may be willing to pay more than the house is actually worth. If the market is slow, and demand is dropping, offers are likely to be lower. Consider the current market and use the valuations to set a price. It’s also wise to seek advice from your real estate agent at this stage. If you set the price towards the top of the valuation range, you can always come down if there is no interest or offers are lower. 

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Who is going to buy the house?

This is an important question to ask when it comes to marketing your property and staging your home for photographs and viewings. Ideally, you want to be able to cater to a target buyer. If you own a family home, and you’re looking to attract families, for example, your home will be marketed in a different way to a loft studio that is ideally suited to young professionals. Once you have an idea of the kind of buyer you’re looking for, your real estate agent can tailor the brochure and stage the home in a way that will appeal to your target audience. 

Preparing your home for sale

Before the for sale sign goes up, it’s worth thinking about taking some steps to maximize the chances of attracting buyers and receiving offers. Tidying, cleaning, decluttering and redecorating can all help to create positive impressions and make the property more appealing to buyers. Think about how you can enhance curb appeal, make sure every room is light, bright and clean and consider freshening up paintwork and sprucing up your interiors. Simple things like painting walls in your living room and covering dated wallpaper in the hallway and adding plants, soft furnishings and wall art can create more inviting, stylish spaces. It’s also a great idea to mow the grass, tidy up the garden, clear and wash the driveway, paint the front door and add potted trees, window boxes or hanging baskets to porches and entrances. Curb appeal is important because many buyers will make a decision or form an impression before they’ve even set foot inside the house. You want to set the right tone from the outset and get buyers on board. 

It can be a really useful exercise to put yourself in a buyer’s shoes when selling your home. Take a walk around the interior and exterior of your home and think about how you would react if you were seeing the property for the first time. Note down any jobs that need doing or concerns that need addressing before you arrange the first viewing. 

Picture courtesy of https://www.pexels.com/photo/architecture-clouds-daylight-driveway-259588/

Are you thinking about moving? If so, it’s important to try and plan in advance and ensure that you are ready to sell. Think about how you’re going to sell the property, how much you’re going to sell for and who you’re targeting. It's also an excellent idea to get your home ready for sale to maximize the chances of getting the best price.