Encouraging buyers to walk through the door of your home can sometimes feel like an uphill challenge, and it may feel even harder to receive the right offer. Read our helpful tips on how to receive the best price for your property.
Research the Property Market
It’s important you have a firm grasp of the property market, so you understand your property’s worth. Review the most recent sale prices of similar homes in your neighborhood within the last 30 to 60 days, as well as how long they were on the market. Also, aim to discover whether the properties were sold for the initial asking price.
Price the Property Well
Every homeowner wants to receive as much money as possible for their property. Unfortunately, many people make the mistake of listing their homes that exceed comparable housing prices. While others may start with a high price and work their way down.
Both strategies can backfire, as home hunters will also have a budget in mind and the price could result in them ruling out your home. A property will become stale the longer it remains on the market, and it can be very hard to attract buyers once this happens. Aim to accurately price the property so you receive the best price at a faster rate.
Find the Right Realtor
Aim to find a real estate agent who will take the time to learn about your property, which will complement their extensive knowledge of your neighborhood. For instance, John Mikesh aims to make the process as stress-free as possible, as not only will he help you receive the best price for your property, but he will take care of all the legal work, too.
Little changes can make a big difference to your property. From a well-tamed garden to neutral walls, create a space that offers a great first impression. Add mirrors into small rooms to elongate a smaller space, or upgrade fittings to provide a room with the wow factor. It could result in a prospective buyer making an offer on the spot.
However, don’t embark on any major renovations that will add little value to your home. Focus on smaller changes that can make a big difference to your property such as a fresh coat of paint, depersonalizing your accessories and removing any quirky artwork that may not be to a buyer’s taste.
Set an Offer Deadline
If your home is competitively priced, it might be beneficial to set an offer deadline to potential buyers. Encourage them to make an offer within the first two weeks of the home entering the real estate market, and launch an open house immediately. This could help you receive multiple offers for a quick sale.
Choose your photos wisely when listing your home on a real estate website, as you will want as many people to view the property as possible. Only advertise high-quality photos that showcase your home’s best features and don’t include any problem areas on the listing.