How to Maximize Your Home’s Equity in any Market

Planning on selling in the near future?

Whether we are in a buyers market or a sellers market, taking the steps to maximize your home’s value is a smart move and one that will reward the smart home seller.

Well presented homes will always sell fast; it’s the outdated, cluttered, untouched ones that continue to sit on the market a lot longer. With a little thought and consideration, you can still end up a winner. Here are some tips to ensure you get the most equity out of your biggest investment:

1) Make a Plan Before Selling Your Home

Make a plan for what you need to do (and don’t) to get your home into marketing shape. Making sure problems are fixed before you put your home on the market will make your home appeal to the greatest number of buyers. If you’ve been living in your home for more than a few years, chances are it is in some need of updating such as maintenance and painting.

2) Home Staging

Buyers want a place they can visualize as their own, and making your home neutral and impersonalized will help them see the space as their own. Home Staging will showcase a home’s assets and deter the eye from any disadvantages. As the buyers market shrinks, you must ensure your home appeals to the greatest number of buyers.

3) Price Correctly

The worst thing you can do in a slower market is price your home too high. Contrary to belief that there is one buyer out there for your overpriced townhouse, this isn’t the fact. The market decides the price. My advice is that if you haven’t received any serious interest on your home within 4 weeks you are priced too high.

What makes matters worse is that the longer your property is on the market, it stagnates. When you do eventually drop the price buyers often associate this with something being wrong with your house.

Above all, seek out the opinion of a qualified professional. By following these simple steps you will be well on your way to a quick and profitable sale.

  • The Village Guru
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