Top Home Selling Tips : How To Prepare Your Property
Top Home Selling Tips 2022: How to Prepare Your Property
While things like lot size and the number of rooms may be harder to alter when selling your home, the following house selling tips will address the main concerns of potential buyers and what they commonly look for in a home. Here are the top home selling tips 2022:
1. Price at a Reasonable Market Value
As mentioned earlier, price is one of the things potential buyers look at when investing in real estate. While making money in real estate is your primary goal in selling your home, you cannot just price your property at any rate you want. You should look at local listings, scout other properties for sale in your area and gauge the current selling prices of homes with similar features to yours. This could be a similar number of rooms, lot size, amenities, furnishings, and other factors. In the real estate industry, this is known as comparative market analysis, or CMA for short. The important thing is that you don’t overprice your home for sale as it won’t sell or underprice your property as it will lead to a smaller return on investment.
The only time you should aim for a slightly lower asking price is if you need the cash from the sale immediately. This will more likely make your listing more competitive compared to other listings at market value.
2. Know Where to List Your Property
Now that you have an idea of how to calculate your asking price, you will need to gather some more real estate data and list it accordingly. While there are many real estate websites, not all of them are created equal, so you will need to find out the best places to list your property to attract the kind of investors you want.
3. Hire a Top Realtor in Your Market
Even if you renovate your entire home and include the latest appliances, working with a bad realtor real estate agent may cause you to lose out on a potential sale. Realtors will heavily affect the buying experience of potential investors when they enter your home. If they are ill-informed about your property and the area, it may turn buyers off from your property and direct them to other properties with better-equipped agents.
It is also important to note that a good realtor does not just show the house to potential buyers. A good real estate agent is key in upselling your home and guiding you through the selling process. Having additional services like marketing, negotiation mediation, contract signing, and others all contribute to a good realtor and can save you quite a bit of stress, time, and money.
4. Have Good Quality Photos of Your Home
Before potential buyers even consider physically looking at your home, they will be looking at the pictures you provide in the listing. This is why it is quite important that you have high quality – if not professional – photos of your property. No matter how great your home for sale is, if that is not translated into photos, rarely will you spark enough interest online for people to view your house.
In addition to drawing more interest, listings with good pictures can actually command higher selling prices as well. According to the Washington Post, house listings with professional photos not only have 47% higher price tags but are also sell 32% faster than the average house listing. So, while professional photos may cost around $100 per hour on average, they could significantly boost the selling price of your home.
5. Clean Your Property Thoroughly Before Open Houses
This may be a no-brainer, but you’d be surprised at how many people do not tidy up before showing their property to potential investors. Having a clean house gives a better first impression and will draw potential buyers in more as compared to a cluttered home. Additionally, if your home is on the smaller side, cleaning it and removing clutter could make it appear bigger to potential buyers. While this may be a very small detail, with each show you want to create the most inviting and alluring environment in your home, and that starts with it being clean.
6. Keep Decorations Neutral
One of the best home selling tips 2022 is to keep your home decorations neutral, especially when it comes to showing political stances. Political beliefs and preconceived notions run deep, and while it may seem unlikely, potential buyers may automatically disregard your home in their decision process because of your beliefs. Removing all objects that support any political, religious, or social issue can help remove possible prejudice or personal beliefs from being a factor in the selling process of your home.
7. Make Minor Updates to the Main Parts of Your Home
You do not need to renovate the whole property before listing it, but adding a few repairs and updates to the main living areas may boost the price you can list it for. Focus on areas like the kitchen, bathroom, and living room, as these are the places people will be spending the most time in. It also does not have to be the entire room, you can make small upgrades to cabinets, faucets, or tiles and still reap the benefits of an upgraded room during the selling process. It has been shown that remodeled kitchens could actually yield a return of investment of as much as 85 %.
8. Don’t Still Be Living in the Home If Possible
While it may not be possible for everyone, if you can vacate the premises, it could make a world of difference when potential buyers view your home. No longer living on the property and removing personal items around you gives investors the opportunity to freely inspect the home from rooms to cabinets without feeling like they are invading someone else’s privacy. If you cannot completely vacate the property, the next best thing is to not be there during the showing to give potential buyers the same freedom to inspect as they please.
9. Know When to Sell
Perhaps one of the most underrated home selling tips 2022 is knowing when to sell. As the saying goes, timing is everything. While there is demand for homes at the moment, when you sell can be a major factor in the selling price. According to Zillow, if you are trying to make a quick sale, then you should probably list your home sometime around March. However, if you are looking to sell your home for the highest possible price, July may be a better time for you to list your home.
