How to Sell a Home
The real estate market may have barely recovered from the lows of the crisis, but the good thing about this is that it hasn't deterred buyers from making property purchases. So if you’re deciding to sell a home this year, you need to arm yourself with smart steps and the right marketing plan to ensure a speedy sale at a price that will send you laughing to the bank.
Is it a Good Time to Sell Your Home?
Supply overtakes demand in a declining real estate market and the fastest way to sell a home is by lowering its price. But if you don’t want to do this, there are still many brilliant tips and ideas to generate interest buyers without sacrificing your profit. Just remember that the number of active listings dramatically increases every week so as a seller, you need to have a plan and strategy to make your home stand out among the thousands of available properties.
Listing Your Home
If you’re planning on listing your house for sale this year, you need to understand the ins and outs of the local market so you can optimize the price of your home for your local market and close quickly. First, you need to choose a real estate agent who can help to put you on the right path and point you in the right direction.
Helpful articles on listing your home:
How Much is My Home Worth?
If you’re looking to sell, and find yourself asking, ‘How much is home worth?’, you’ll find the answer by determining the asking price of local comparable properties and the prices achieved for recent sales in the area. This usually factors in your lot value as well.
For Sale By Owner or Hire an Agent?
Now that you have decided to put up a for sale sign in your front yard, which is the smarter way to do it, hire a real estate agent or go solo? While some homeowners consider trying to list their homes themselves, known in the industry as a For Sale by Owner (FSBO), there are many good reasons why getting a real estate agent is the easier and wiser move.
Helpful articles on whether you should FSBO or hire an agent:
Home Staging and Preparing Your Home to Sell
Real estate agents, when talking about home staging, refer to a strategy or plan designed to highlight the home's best assets, attract multiple bids from different buyers, and sell quickly for the highest possible price. And because not all sellers opt to do home staging, especially those properties in lower price ranges, you’ll be at an advantage if you do. If you find yourself doubting the merits of home staging then watch the before and after video below to judge its value for yourself:
You don’t have to be a home reality show fanatic to recognize the value in sprucing up your home before putting it on the market. There are many quick and easy DIY projects you can do to primp and polish your home into prime selling shape – without breaking the bank. Overall, home staging should be done to entice to the widest possible range of buyers and to get the most bang for your buck.
Real Estate Companies
There are a multitude of real estate companies out there for you to choose from, and while the inclination might be to go for the "little guy" who is ready to work hard to gain your commission, this is is one industry where bigger is often better.
Helpful articles on Real Estate Companies:
The larger the real estate company the more resources at the their disposal. These resources can come in the form of potential buyers, long term experience in the industry and advertising presence. Recognizable companies like RE/MAX and Century 21 have a lot to offer in terms of exposure and experience for your home sale.
Helpful Articles on Selling a Home
- How a Home Inspection Helps you Sell
- Best Time to Sell your Home
- 5 Things You Should be Honest About When Selling Your Home