Open house sign for selling house

How to Get the Best Outcome When Selling Your Home

The ultimate aim of everyone wanting to sell their homes is to sell it at the best possible price and it makes sense because the home is often your most-valued investment. Selling a home at a good price isn’t easy and it is definitely not a matter of mere luck. To get the best outcome when selling your home, it is important that you know some ways to increase its market value.

Following are some tips that will help you get the best outcome when selling your home:

Study the Market

Before putting your home on sale, we recommend you thoroughly study the local real estate market so you can get a feel for the conditions. You need to work out the best strategies for selling a home. You can learn them by studying how other homes have been sold. You should get in touch with the sellers of those homes to get their advice.

Choose the Right Time to Sell

The right time to sell a home depends on many factors. We all experience different circumstances and are in different financial and family positions. Therefore, it is important to think carefully about your decision to sell your home. Is it the right decision? Is it the right time to sell? What would happen if you delay the decision or bring it forward? There are many questions that need answers before you put your home on sale.

Set the Right Price

Setting the right asking price is crucial. Setting the price too high can be just as costly as setting it too low. The price of a home is determined by fluctuations in the market not by what you feel your home is worth or your emotional attachment. You should take a look at the current market value of your property and try to adjust it with possible value reduction in mind. It is recommended that you have a realistic estimate as it will help attract multiple offers and exercise control over the final pricing.

Improve your Home’s Street Appeal

Improving your home’s street appeal is extremely important. Your home should excite the potential buyers from the moment they arrive. To increase your home’s street appeal, pay attention to details. Hedges should be trimmed, trees and gardens manicured, and grass mowed. Replace tarnished exterior trims, hardware and doors, place potted plants on the steps that lead to your door, etc.

Declutter

Decluttering your home is just as important as improving its street appeal. So, remove all the clutter, including those present in every corner in the house. Clean the entire home. This includes waxing floors, removing cobwebs, dusting and de-odorizing. Rearrange cabinets and closets if needed. Decluttering is very important as it lends a very organized feel to the house and gives the potential buyers the ability to imagine their own belongings in the house.

Make Necessary Repairs

Don’t ignore needed repairs and fix-ups because your potential buyers will not. When selling your home, it is your job to make sure that your home stands out favorably from the competition. Making minor repairs such as repairing a crack, replacing leaky faucets, repainting and smoothening jammed windows and doors, etc. adds value to your home hence allowing you to sell it at the best possible price.

Hire a Professional Stager

Home staging is another important thing that you should do before putting it on sale. While there are many things you can do on your own to stage your home, it is recommended that you hire a professional stager as it is the best way to make sure your home is prepared to its full potential. A professional stager will help you make a positive first impression. The cost of professional stagers is worth it.

Make Sure Your Home is Always Ready to Be Shown to Potential Buyers

Last-minute showings do happen. In fact, many potential buyers will add your home to their list that day right at the last minute. While it is easy to decline and ask your potential buyers to reschedule, it is recommended that you be willing to show your home to potential buyers at all times. For this, you will need to make sure that your home is ready to be shown at any time. So, make sure your home stays clean and decluttered during the entire time it is up for sale on the market.

At Magenta we want to help our clients get the best possible outcome for their personal loan applications and for their goals alike. If you would like to discuss this topic further and get an indication of where you would stand with our lenders, please do call us on 0800 774 622 or email us here.

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