Preparing to sell your home can be a daunting task, especially in a buyer's market where it can take months to receive a reasonable offer. As a blog writer for Oakstrand Realty, we understand the frustrations that come with selling a property. That's why we've compiled a list of tips to make the process a little less overwhelming.
Set the Right Price
When it comes to pricing your home, remember that it's ultimately up to you, not your real estate agent. You should feel comfortable with the asking price and own it. Your agent is there to offer suggestions and advice on any changes that may need to be made if the home doesn't sell.
Negotiate Your Broker's Commission
In a down market, it's important to consider negotiating your broker's commission. This may mean pricing your home lower than you originally anticipated, but it could lead to a quicker sale. Discuss this with your broker before making a decision.
Price it Right from the Beginning
To get the most attention from potential buyers, it's crucial to price your home right from the start. This will attract other agents and buyers, increasing your chances of a successful sale. If the price is too high, it may be overlooked and ignored.
Expand Your Online Presence
In today's digital age, it's important to have a strong online presence when selling real estate. Consider expanding your website to provide more information and make it more visible to search engines. This can help drive more traffic and potential buyers to your property.
Utilize Top Real Estate Websites
Make sure your agent is advertising your home on top real estate websites such as Trulia.com and Realtor.com. It's also important to have high-quality photos included in each ad, as most home buyers start their search online.
Know Your Competition
Before putting your house on the market, it's beneficial to attend open houses in your neighborhood or have your agent schedule showings for you. This will give you a better understanding of the competition and help you analyze the effectiveness of your price and any upgrades you've made.
Keep it Simple
When preparing to list your home, make sure to remove any personal information and declutter. You want potential buyers to focus on the actual house, not your personal belongings. This includes keeping the home clean and tidy, especially in important areas such as the bathroom and kitchen.
Extend the Selling Period
If possible, try to list your home in mid-February to give yourself nearly half a year to sell before the market begins to slow down. This will give you a larger window of opportunity to attract potential buyers.
Cleanliness is Key
Before showing your home, make sure it is clean and presentable. A dirty or messy home can give off the impression that there may be hidden problems, turning potential buyers away. Pay special attention to the bathroom and kitchen, as these are important areas for buyers.
The process of selling a home can be discouraging, but with these tips, you can take control and increase your chances of a successful sale. Don't let a slow market discourage you - with the right strategies, you can still achieve your goals. As always, Oakstrand Realty is here to support you every step of the way.