10 Tips for Sellers in the Current Real Estate Market
The current real estate market is constantly changing. This makes it difficult for those who are not a professional REALTOR® to be successful in selling their own home without problems. If you are thinking of selling your home these ten tips should help you get the job done.
10 Selling Tips For The Current Real Estate Market
1. Price your property competitively: This one factor is so important. And it’s an area where an owner usually thinks his/her/their castle is a pristine gem when it really may not be a gem, even in the rough.
Pricing their home too low is usually never a problem for homeowners, It’s pricing it too high that usually happens and so people pass their property by and …
It becomes “shop worn” and the sellers usually have to eventually keep dropping the price until they have actually sold it under market value.
Be smart. Research meticulously your local market trends and similar properties that have recently sold in your area to determine a competitive price. And …
Don’t compare your 1100 square foot rancher with no or full unfinished basement, 3 beddroms 1 and 1/2 baths with single attached garage to your neighbor’s, down the block that sports a 1280 square foot upper level, 3 bedrooms, 2 full baths, a completely finished lower basement level with another 2 bedrooms, family area, another bathroom; including an attached 2 car garage and think yours is a true comparison because …
It isn’t. They may look somewhat similar but your neighbor’s home has approximately 2500 finished feet of living area while yours has 1100 feet. Yours has a lot less living space and room for only one car.
Also be honest and look at your roof, siding, landscaping and of course the interior paint and trim. Is it stellar, all brand new and professionally done, or does it look like a do-it-yourself project? Is it all 30 years old and in need of repair and updating? All this palys into the pricing of your home.
The best way to do this as a non-professional is to walk your neighborhood and ask your neighbors to actually see the inside of their homes. This way you can see and compare theirs with yours. This is especially helpful if they happen to be new neighbors who have just purchaed the home. Then …
You can often find the home online with the last sale price and when that transaction took place. This process is tedious, time consuming work but this is what a professional REALTOR® does in order to come to an intelligent, fact based and realistic selling price instead of winging it.
2. Highlight unique features: Make sure to focus on the distinctive aspects of your property such as location, schools, upgrades, or unique architectural elements.
3. Take quality photos: High-quality visuals, available to the DIY folks with high teck smart phone camaras, are essential for attracting potential buyers. Make sure to take the best photos possible using the right time of day when bright sunlight doesn’t ruin a good shot. IF you aren’t good at taking quality shots consider hiring a professional photographer.
4. Prepare for showings: Keep your property clean, smelling fresh with maybe a hint of vanilla or cinnomon and clutter-free to make it appealing, in all ways, for potential buyers during showings.
5. Market your property effectively: Utilize various marketing channels, including social media, print materials, and online listings to maximize exposure. If you suck at marketing make sure you consider a highly skilled REALTOR® who will make sure you capture and retain the most profit.
6. Enhance curb appeal: Improve the first impression of your property by maintaining a well-kept, weed free lawn, updating landscaping, and freshening up exterior paint if necessary.
7. Be flexible with showings: Accommodate potential buyers by being open to scheduling showings at various times, including evenings and weekends but …
Make sure you are dealing with loan qualified individuals, not looky lous or potential home invaders looking for easy access.
8. Stage your home: If possible, hire a professional stager or follow basic staging tips to present your property in the best possible light.
9. Respond promptly to offers: Quickly address any offers that come in to demonstrate that you’re eager and serious about selling your property.
10. Work with an experienced REALTOR®: Partnering with a knowledgeable real estate agent can be invaluable in navigating current market conditions, generating interest in your property while making sure your family’s saftey is protected.
