With the recent decrease in home sales here are 3 tips to ensure you get the most for your house:
1) Make a plan for what you need to do (and don’t) to get your house into marketing shape. Making sure problems are addressed before listing your home will ensure it appeals to the most buyers. Before making any decision to improve your home or add value it is always a good decision to seek advice from a professional realtor on whether the action will show a return on the money you invested.
2) Consider Home Stagingbecause we all know that the sellers market is history. With over an 8 month supply of homes on the market, it is important that your home (the product) shows better than your competition. It isn’t all bad news however. Those statistics are averages. What it really means is the good houses are selling in reasonable time and the bad ones are sitting on the market a lot longer. Buyers have choice, and they want a place they can visualize as their own, and making your home neutral and impersonalized will help them see it.
3) Price correctly, because the worst thing you can do in a slower market is price your home too high. Contrary to the common misconception that there is one buyer out there for every overpriced house, this isn’t the fact. The market decides the price. What makes matters worse is that the longer a property is on the market; the more likely it is to sell below market value simply because it stagnates. When the seller eventually does drop the price, buyers often associate this with something being wrong with the home. Over pricing a home is the single biggest mistake that a home owner can make.
There you have it, 3 simple tips to ensure you get your home sold in the shortest amount of time and for the best price. If you would like to know more or have any questions, feel free to contact Jeff O’Leary for all your real estate needs!
Bye for now!
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