Getting your home sold is stressful and tedious, and if we’re being honest, no one wants to be in that situation any longer than necessary. Fortunately, there are actions you can take to get into and out of the selling process swiftly and profitably at the closing table.
The profits from your sale could be rolled into your new house, or fun another investment, so either way, it’s worth making the effort to maximize profit! Keep reading to find out some ways you can maximize profit when selling your home!
Make Cost-Effective Improvements & Repairs
When it comes to the decision of where to put money into upgrades, keep in mind the kitchen and bathrooms are normally the most used rooms in the house. Dirty and outdated fixtures and colors are sure to turn away buyers and cause them to look elsewhere. Shopping for inexpensive but up-to-date fixtures and hardware will work in your favor and make your home stand out.
Keeping paint natural and consistent throughout the home is also another way to make your home more desirable and helps buyers envision their belongings in the space as well.
Don’t forget that working on your curb appeal and some simple landscaping will go a long way, too!
Clean & Declutter
You want your home to be seen in its best light. Before showings begin, take the time to remove all clutter and unnecessary belongings from rooms, and organize to show off all the space your home has to offer.
Pay attention to baseboards, vents, appliances, fans, and light futures, and give them a good cleaning to ensure they are free of dust and debris.
Avoid Overpricing
This is where one of our professionals at 316 Realty Group will use their expertise. You may be biased because it’s your home, but one of our agents will perform a CMA (Comparative Market Analysis) to help them estimate the value of your home, taking into account similar homes in the area.
You must avoid setting your initial asking price too high in hopes of trying to get more than it’s worth. Even in a seller’s market like today, selling your home higher above the fair market value can lead it to sit on the market for much longer. Even pricing slightly below market value can attract more attention, and multiple offers give you more negotiating power.
You can count on having your home priced correctly and competitively with one of our knowledgeable agents.
Choose the Right Time
Usually, the months in Spring are deemed the greatest time to sell, but this does not guarantee that it will be the best time to sell in your market. Buyer demand is influenced by factors such as school timetables, vacation buyers, and the weather.
To get the maximum money when selling your home, most importantly sell when you have enough equity to pay off your current mortgage, the fees of selling, and the costs of moving. Otherwise, you’ll have to pay for many of these expenses yourself.
Final Thoughts
Among all of the actions you can take to maximize profit when selling your home, the most important by far is having a knowledgeable real estate professional who you like and trust to be on your side. Their expertise is indispensable when it comes to pricing, negotiating, marketing, and beyond. Contact us today at 316 Realty Group so we can work together!