Time is of the Essence
Buying a house entails tedious tasks and processes, and so does selling one. Today’s market is very broad and diverse but getting into a buyer’s attention, and probably decision, is somehow the same– universal, per say. Making the right price and doing a very good first impression are musts in attracting buyers and ultimately selling your house fast!
Making a Good Impression and the Right Price
First impressions matter, and that’s why you want to start by making sure your home exudes curb appeal.
Teresa Mears, a contributor for US News, posits that in order to get that first impression, one could go all out with small do-it-yourself projects. Cut the grass, trim the bushes, get rid of dead branches and consider planting some flowers. Replacing the mailbox and house numbers and painting the front door can also make your home more appealing to a prospective buyer driving by. If the house looks dirty, wash the siding or stucco.
Prospective buyers, particularly young ones, often can’t see past the homeowners’ decor to what’s most important about a house – the floor plan and the space. That’s why it’s important to make the home look as neutral and appealing as possible.
You also want to make sure your home photographs well. Most buyers start their home search online, and they may quickly reject a home if the listing photos aren’t appealing.
There’s no rule of thumb about how much you should expect to spend getting your home ready to sell because every house is different but here are some economical ways to stage your home for sale:
- Remove all clutter, personal photos, knickknacks and other junk. “Cleaning out the clutter just creates so much space, and that’s what people are looking for – space,” Lori Matzke says. “It just really makes your home look bigger and younger.”
- Clean, clean, clean – then clean some more. Wash the windows, clean the cobwebs out of the corner and scrub the grout in the tile floors. Even though you’re not selling the furniture, clean that as well because it adds to the overall impression you’re trying to give.
- Spruce up the outside. Add a new doormat, new house numbers and maybe a new mailbox. Paint the front door. The little stuff matters here.
- Refresh your landscape. Clean up flower beds, add fresh mulch and plant flowers. Make sure bushes are trimmed and neat. Read full article here.
Price your house too high and you risk it languishing unsold on the market. But price it too low, and you could be cheating yourself out of thousands of dollars in the final deal.
“Settling on the perfect price for your home sale can be a tough balancing act”, wrote Austin Kilham for the website BankRate. “When determining a price, it’s important to do the research and legwork necessary to make sure you get the best price possible. Your home will likely get the most attention from potential buyers when it first hits the market. If your home is priced too high in the early stages, it’s less likely a buyer will make an offer. And the longer your home stays on the market, the greater the chance that potential buyers will assume something is wrong with it and will either skip it altogether or offer less than the asking price.”
There are three basic steps when setting an asking price:
- Look at similar properties. Nearby houses that have sold and are similar to yours in terms of size, location and condition give you an idea of what your house might be worth. Look at how these houses are priced currently and how much they have sold for in the recent past. If your house is priced higher than similar houses currently on the market, you’ll have a harder time competing for the attention of potential buyers. Pay attention to the sale price for comparable houses that have sold in the past few months; this can give you an idea of what buyers are actually willing to pay for homes in your market.
- Study the local market. Take a survey of what houses of different sizes, styles and ages have historically sold for in your neighborhood and what they are selling for now. This should give you an idea of the housing market trends in your area and whether prices are currently moving up or down. If prices are moving down, you might want to be more conservative with your asking price. If prices are going up, you may be able to ask for more.
- Get help from a real estate agent. A good real estate agent will already know
what’s happening in your local market and can tell you what similar properties have sold for in your area. Read full article here.
There are no fixed standards, really, in making your house’s appearance and price attractive to buyers. But the real estate market follow norms and trends in order to make most of the deal. Having problems in selling your house in the market? Or unsure what to do? Dependable HomeBuyers can help you!