How To Get More Than Your Asking Price For Your Home
You know what you paid for you house, you know what condition it’s in, and you know what the asking price should be for it. Is there any wiggle room? Don’t settle for less than your home is worth by taking every measure possible to receive more than asking price when putting your home up for sale.
Invest in Repairs
The old adage that you need to spend money to make money is especially correct when it comes to selling your home. That extra money put toward repairs and touch-ups will come back to you tenfold. In addition to fixing problems in the home, consider small inexpensive additions to increase the aesthetic appearance. People will always judge a book by its cover, and if the buyer can imagine themselves relaxing in your beautiful home, they’ll be more inclined to make the purchase. While the inspectors will see what parts of the home need work, the buyer will be focused on the overall presentation.
Pick the Right Time to Sell
Picking the right time to sell your home is crucial. Typically, the spring market is the best time to sell, when the weather is warm enough to move and parents have the summer to get settled before the kids potentially move to a new school. However, if you live in an area where it is mild all year round, it may not matter as much. Understand your market and when the best time to sell would be for your area.
Hire a Professional Stager
As mentioned in the first section, the way your home looks aesthetically will be the defining factor of whether a buyer can see themselves living in your home. A professional house staging specialist is trained to know exactly where furniture is supposed to go to evoke the right emotions in the buyer and help them visualize their lives taking place in your house. According to studies, the popularity of HGTV-type shows has increased the standards for what buyers expect to see when they enter a home for the first time, so make sure your home is up to snuff before your first showing.
Increase Curb Appeal
As important as the visual appearance of the interior of your home is the exterior. Many buyers will drive around the neighborhood and view the house in person before scheduling a showing, and if your home doesn’t make the cut when viewed from the curb, you may lose what might be your highest bid. Taking extra time and money to clean up the porch, tend to the garden, and or repave the driveway could earn you thousands more after closing.
Research Home Prices in Your Neighborhood
You may know what your home is valued based on what condition it’s in, the size of the property, and the quality of the local school districts, but keeping an eye on what other homes in your area are going for will give you the best idea of what your house is worth. If you are selling a home in Atlanta, take a look at houses for sale in Atlanta and keep track of what condition they are in and what they are going for. You may think your house is going for a fair price, but if your neighbor has theirs listed as $100,000 more than yours, you may be able to up the price and, in comparison, still be a better deal to the buyer looking to purchase a home in your neighborhood.