Several things come to mind when you decide to sell your home. One of these is how to get top dollar for your house once you put it up for sale.
No surprises there. Ultimately, nobody wants to sell their property at a loss, even when it’s a distress sale. And rightfully so.
How Can I Get The Most Money For Selling My House?
How Can I Get the Most Money For Selling My House?
Here, read some expert tips on how to sell your house for the most money.
Understand Your Local Market
This is basically supply vs. demand. When there are more homes for sale than buyers, prices tend to be lower. This is called a buyer’s market.
The reverse is also true: few houses for sale and many buyers. This favors sellers and is known as a sellers’ market.
The two metrics to look at in this case are the Days on Market and home price appreciation.
The first is a good indicator of how quickly or slowly, houses are being bought up. The second can tell you when buyers are typically paying more for homes similar to yours in your area code.
These two indicators should help you time your sale appropriately.
Get Emotions Out of Pricing
Everyone tends to think their home is the best. You also have a lot of sentimental value tied up to a home. Unfortunately, buyers do not.
Instead, they are looking at the home, its location, and its potential over time. This is what you need to assess objectively when determining a price.
Going too low means you will leave money on the table. Too high, and you could put off potential buyers.
Instead, look over similar listings to your house and their selling price. This should help you value your home correctly.
Work on Your Home’s Curb Appeal
Any seasoned realtor will tell you that curb appeal is fundamental to selling a home.
Curb appeal refers to the first impression prospective homeowners get on your home.
The state of your yard, driveway, and front of house landscaping says a lot to homebuyers. If it’s neat and well taken care of, the assumption is that the house is meticulously cared for. If it’s unkempt, it’s assumed that the home must be in bad shape as well.
If nothing else, invest in improving your home’s curb appeal before putting it up for sale. Not only does this get you a good price, but it also attracts more views, which increases your probability of getting a buyer that much faster.