Due to the
slowdown in the housing market, many potential sellers are delaying the listing
of their properties out of fear that they won't receive the price they were
hoping for. However, the reality is that you may still sell your house for a
profit in this market.
Here are
five suggestions to help you stand out with your house and increase the likelihood
that the perfect buyer will find it.
1. Choose the Correct Price
Setting a
fair asking price for your house at the start of the selling process is
crucial. Less people will buy properties that are overpriced, especially in a
time when interest rates are high. In that situation, your home might be on the
market for a longer period of time, which might also make it less appealing to
buyers and lead to a lower sale price.
Setting the
proper pricing can increase visibility during this key period, when showings
often occur within 10 to 20 days following listing. Look at comparable listings
in the neighbourhood, including recently sold properties, active listings, and
withdrawn listings, to determine the appropriate list price.
2. Eliminate obstructions and learn to
ignore
Surveys
conducted by the National Association of Realtors in 2021 indicate that 68% of
agents advise depersonalising and 93% advise decluttering the home before
offering it. People pay a premium for more space, so clearing clutter from the
kitchen counters, the front entrance, and other important sections of the house
can make them feel larger. Making it simple for potential purchasers to see
themselves residing in the areas by minimising the personal touches.
3. Prepare Your Home for Sale
Having your
home staged is a good way to make your home stand out, whether it be for
showings or professional photos. The National Association of Realtors and
Homelight reported that 47% of buyer's agents agreed that staging has a
favourable effect on the house buying process, while 31% of buyers indicated
that staging their home improved their offer on a property. Homes that have
been staged are more likely to sell fast and for a higher selling price than
homes that have not been staged because they tend to make a lasting impression
on purchasers. Although we also provide DIY tips, professional staging services
can cost anything from a few hundred to over a thousand dollars.
4. Mention warranties and upgrades
The last
thing potential buyers want to do is fork over cash for unforeseen home repairs
like broken appliances. Include this information in your home's listing if you
have made significant appliance upgrades or if there are any pertinent
transferrable warranty data pertaining to these additions. By emphasising these
qualities, you'll demonstrate to prospective buyers that you put a lot of
thought and work into your house, differentiating it from the competition and
bringing extra peace of mind to close the transaction.
5. Get Professional Advice
Marketing
your property is a real estate agent's area of expertise. Real estate experts
can provide insight into market trends, what is selling, and why if you are
unsure of how to price your home. Make sure you are working with the correct
agent by checking it twice. They should have a history of making money from
sales and have thorough understanding of the neighbourhood, potential
customers, and sales techniques.
6. Location
Probably the
most important thing that a prospective buyers will want to know about your
home is its location. But beyond just the address, a stand out real estate
listing will give as many details as possible about the home’s location including:
Nearby Schools
Easy Transportation
Access
Walking/
Hiking/Biking trails and parks
Nearby
Grocery Stores
Local restaurants/
cafes/ coffee shops
Our agents
at Century 21 President Realty
can assist you in finding the ideal buyer and the price you desire if you're
thinking about selling your home. Call us right now.