You have decided to sell your home and start a new stage in your life. Now you have to make sure that you will actually profit and not lose money from the real estate sale. This will take some hard work and some time, but with the right guidance and advice, you will get all you want and more.
Evaluating your property is the first thing you have to do before selling. You must have an idea of the market value of your home, given its current condition. In this way, you will be able to decide which repairs will increase its value and which will actually be cost efficient and productive for you as a seller. In general, you are recommended to repair the roofing, flooring, ceilings and walls, if they need this. Kitchen and bathroom repairs, if necessary, will also increase the market value of your home.
Home pricing is perhaps the most important task to do, when selling your home. In general, you are the owner, so you have all the right to set the price yourself, even if you take advice from a professional real estate agent. There are three main factors to base pricing on.
The first factor to take into account is the current market value of the house. Then you have to consider the property listings and sales in your area and in areas that have the same characteristics as yours (similar building and infrastructure, for instance). The third factor is the property market behavior. In a buyer's market, you should sell for a little less than your competitors. In a seller's market, you may want to increase the price by around 10%.
Have your home staged to increase your chances of selling it for a higher price. Home staging is the art of improving the decoration of the interior and exterior so that they appear more appealing to the eye. Hiring a professional stager will cost you some money, but it will help a lot in selling your house. The professional will arrange the furniture and add decorative objects and even small pieces of furniture to make your property more attractive.
Work with an experienced real estate agent. The realtor will help you with the pricing and with getting high offers for your house relatively quickly. They will give you advice on necessary repairs and staging. The real estate agent will help you with all the paperwork and this is yet another advantage.
Use all of these tips to sell your home and profit.