It’s a sellers’ market out there so if you’ve been thinking about selling your home, now is the time to do it. While conditions are in your favor, you can still make more money by checking out these tips:
Enhance your home by staging
The National Association of Realtors 2019 Profile of Home Staging Report said that staging a home resulted in buyers making a higher offer. Staging is presenting the best features of your home to potential buyers. It involves de-cluttering and making the house is as appealing as possible to potential buyers so they can imagine themselves living in your home.
As to what areas are important for staging, buyers preferred the living room first, followed by kitchen, master bedroom, then the dining room. With many families now working and learning from home, recent buyers are keen on separate or more private areas for these functions. Buyers are now also rethinking the features they want in a home. Common across wish lists are a mudroom, patio, backyard, and a private outdoor space. If your home has one or more of these features, make them stand out through staging.
Boost curb appeal
Curb appeal refers to the attractiveness of the property as viewed from the street. It is the crucial first impression buyers have of your property even before they step inside the house. With the majority of buyers now beginning their home search online, curb appeal is even more important. Listing photos often begin with the façade of the home, just as you’d view a home in person. How the exterior of your home looks can pique a buyer’s interest. Among Realtors, 97% believe curb appeal is important to a potential buyer. Enhancing the curb appeal of your home increases the value of the property by up to 7%.
The simplest of things can improve the curb appeal of your home. For example:
- Power washing the driveway or paved paths
- Painting the front door and house exterior
- Trimming the yard, bushes, and tree branches
- Updating porch fixtures and accessories
- Replacing door hardware like knobs and knockers
- Updating your house number
- Installing lights in the entryway
- Planting seasonal flowers
- Adding seasonal décor
Keep in mind that boosting the curb appeal of your home lures buyers and encourages them to make a higher offer.
Make the necessary repairs
Buyers want a well-maintained and move-in-ready home. Before listing your property, it’s important to keep your home in top shape. Replace anything that’s worn or broken like tiles, windows, door knobs, and cabinets. Repaint walls, ceilings, and kitchen cabinets. Consider fixing your roof if it leaks.
Consider, too, hiring a home inspector before you list your property. Their report will indicate if the home has issues that need looking into – from roof to attic, basement to foundation, including HVAC and plumbing systems. The repairs you undertake can prove highly valuable as a selling point and your trump card when you make a counteroffer.
Your repair might entail some expenses on your part but when it’s time to sell, your well-maintained home will pay a good dividend.
Sell at the right price
Pricing your home is crucial. You don’t want to overprice your home and turn off buyers. You don’t want to leave money on the table either by underpricing.
Working with a real estate agent at this stage is necessary. A real estate agent is experienced in comparative market analysis (CMA) which shows how similar properties sold in the area recently. The comps or comparables will determine the fair market value of your home and allow you to price your home correctly.
Know when to sell
Timing makes a difference if you want to sell your home for a tidy profit. Traditionally, spring and summer are considered the best seasons to sell. However, the ongoing health crisis has upended seasonality in the housing market.
With remote working and learning arrangements becoming semi-permanent, multi-generational families moving in together, the rush to relocate to places with more space, and rock-bottom interest rates, the market has never been better for sellers.
Expect multiple offers on your home based on its location, providing you with a golden opportunity to make stellar returns on your property.
Maximize virtual marketing
Leveraging technology by creating virtual tours gives home sellers a competitive edge. A virtual tour is a convenient way for buyers to view your property from the safety of their home.
Half of homebuyers today found their homes online and 46% valued virtual tours. Therefore, use the power of online listings and technology-driven tools to generate interest and reach a wider pool of buyers than anyone has ever had before.
Ready to sell your home in Williamsburg, VA and nearby areas? Coldwell Banker Traditions is one of the most trusted names in real estate. For more tips as a home sellers guide, call 757.229.9595, email info(at)cbtraditions(dotted)com, or drop us a message here.