10 tips when selling your house
When selling a house one of the biggest mistakes is not understanding real estate value. It does not matter what you think your house is worth. Any improvements you made and the value of your home is determined by buyers.
What you enjoyed about your house is not pertinent when it is time to sell it. Think in terms of what other people may want and use some of the following tips.
House Selling Tips:
1. Decide on your minimum price.
The minimum price which you will just not move below. Do not disclose this price with your agent but work with any buyers who make an offer above it.
2. Know your market.
Find out what other equivalent homes have sold for and have those examples ready to show prospective buyers.
3. Clean up the neighborhood.
If there is a neighbor whose yard is a mess, offer to give a helping hand. Spend few bucks to put flowers in any common areas, buyers will get a better first impression of the neighborhood.
4. Know when to raise price.
If you or your agent are not getting many calls, find out why. Is the price too high, or is more advertising needed? If the problem is with the price, drop it fast.
5. Listen to comments of potential buyers.
They are likely to be more objective than you. It may be time to get out the white paint If you hear several times that the kitchen is dark.
6. Clean the most visible things first.
Buy a new mailbox and do some basic landscaping. Most buyers will forgive a lot of problems if they fall in love with the house before they even enter it.
7. Find out what the average sales time is in your area.
Usually, the price may be a problem If your house remains on the market longer than average.
8. Perform any necessary improvements.
Do any improvements that can realistically result in a higher return on your investment. If $400 to seal the driveway is likely to add $800 to the sales price of the home, do it. Consider first those things that are most visible.
9. Have repair estimates on hand.
If there are any known problems, such as an old roof, get an estimate for repairs. The sellers may want an $8,000 allowance for a new roof – until you show them your $5,000 estimate.
10. Have a clearly defined and writing contracts.
Be sure to ask your real estate agent what they plan to do before you sign a listing agreement. Write down what he says and hold him to his promises.
There are many things you can do to sell your house faster and get a better price. If you do not have time to do them all, start with the essential ones that will yield the highest return on your investment.