If you’ve been following trends in the housing market recently, you’ve probably noticed how home prices have surged to all-time highs. A combination of historically low inventory and increased demand for homes due to companies embracing remote work has created conditions that are extremely beneficial to sellers.
If you are thinking of getting in on the action by selling your home for the first time but don’t know where to start, you don’t need to worry. Here’s some information to help you successfully make a sale at a price that fits your needs.
Find the right agent to help you through the sale process
Since real estate is one of the most complicated things anyone can sell in their lifetime, it’s important to partner with a real estate agent as early as possible in the journey. Since they work on commission, real estate agents are only successful if you get a decent price for your property.
Real estate agent commissions cover much more than the agent’s salary. They help cover pricing strategy development, online marketing costs/services, offer management and negotiation, and also fees and costs that may come up from the buyer (e.g. the buyer’s agent fees).
If you don’t believe working with an agent is the right approach, you could explore the for sale by owner transaction process, or selling to an all-cash home buyer, however, both options mean you’ll likely get much lower offers than if you work with an agent.
Prepare your home for listing
Regardless of the route you choose with selling your property, before you start showing your home to buyers, it’s important to invest in some preparation. For starters, this means decluttering your home, room by room. You can do this by assigning bins for “store,” “sell,” “donate” and “toss/recycle,” and then place items in the applicable bins as you come across them.
After decluttering your space, it’s important to deep clean your property by spraying down countertops, antimicrobial spray, polishing metal appliances so they shine, sweeping hard floor surfaces, vacuuming carpeted surfaces, and scrubbing your toilet bowls with toilet bowl cleaner.
You can also boost your home’s curb apparel by trimming up foliage, cleaning up debris, mowing your lawn, and adding decorative touches such as plants to your front yard. These changes alone can boost your home’s value from 1% to 10%.
As you can see, selling your home doesn’t have to be overwhelming. It just requires coming up with the right plan.
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