Are you selling your home? Selling at the right price within a reasonable time frame is tricky. With the right knowledge, your home won't stay on the market long. Here are six essential tips on home selling:
1. Lower your price
If you're looking to sell your home quickly, drop the price by at least 10% of your original asking price. While it may seem counter-intuitive, you may actually end up selling your home for more than the original asking price. The low price stimulates competing offers since buyers know the house won't be on the market long.
2. Hire a real estate agent
Never underestimate the power of a great real estate agent. While you may hesitate to pay the fees, their knowledge of the market can help you get a much better offer which will offset the cost. An agent will look at competing real estate in your area to help you price your home and give you advice so you can sell quickly. Talk with a professional, like Seattle Metro Property Management-John L. Scott, for more information.
3. Give your home a makeover
You don't need a huge, expensive remodel to make your home more appealing. You just need to give your home a makeover on the inside and outside. Here is a checklist to get you started:
- Give interior and exterior walls a fresh coat of paint.
- Plant fresh flowers along walkways.
- Steam clean carpets.
- Remove personal items. This is known as "staging," and is vital to home showings since it allows the buyer to picture themselves in your home.
- If necessary, remodel nooks and crannies by replacing inexpensive hardware, including light fixtures, door knobs, or shower heads.
4. Recruit your neighbors
The person moving into your home will become part of your neighborhood. Why not give your neighbors the opportunity to help you find a buyer? Ask your neighbors for real estate agent recommendations and let them know you're selling. Your neighbors may know people who are looking to buy. Have an open house and invite your neighbors so they can see the place.
5. Give buyers incentives
Sweeten up the deal for buyers by offering incentives. Everyone loves to get a good deal, especially on a home. Here are some ideas:
- Pay the buyer's closing costs
- Offer a discount if the buyer closes within 30 days
- Include furniture
- Pay the first month's mortgage
- Pay moving expenses
- Purchase new kitchen or laundry appliances
6. Get on social media
Many people no longer look through newspapers or ads to find homes. If you want to tell potential buyers you're selling, you need to spread the word via social media. The site Your Mortgage says that this can be a valuable tool if used correctly; in other words, don't spam people -- choose a target demographic. Make a video tour of your home and post it on Facebook and Youtube. Create an ad on Craigslist featuring good quality photos of your home.
These are six tips for selling your home. Your home will be off the market and you'll be in the new home of your dreams in no time.