Trying to sell your home can be a stressful and labor-intensive task, so before you decide to put your home on the market, here are a few things you should consider.
Selling Your Home ‘As-Is'
Generally speaking, there are two main methods you can approach when trying to sell your home. The simplest way is by using specialized realtors who will give you an all-cash offer after assessing the property.
This is known as selling your home ‘as is,’ with no strings attached.
This method is perfect for homeowners who want to get their property off their hands quickly and for those who are not willing to invest their money into the more tedious home selling method.
Fix Up Your Home Before Selling
The other way you can sell your home is the more traditional method.
This involves fixing up the property to ensure maximum profitability. First impressions are vital when it comes to showing your home.
Although this method can result in higher asking prices, it is also the most time-consuming way to sell your home. Some houses spend months, or even years, sitting on the market until offers begin to roll.Selling your home can be a stressful and labor-intensive task. Here are a few things you should consider before jumping in.Click To Tweet
Letting your home sit on the market can be risky and could result in you having to lower your asking price.
Sometimes, houses sit on the market because of more significant issues such as supply and demand.
More often than not, many homes receive little interest because the asking price does not reflect the property's quality.
In this case, here are some tips to consider when putting your home on the market.
First Impressions Matter When Selling Your Home
As previously noted, first impressions are everything.
Potential buyers should be able to walk into your home and instantly visualize themselves living there. A simple way to encourage this is by de-personalizing the property.
This includes packing away family photographs, removing any trophies or certificates, and clearing out the bathroom toiletries.
This allows buyers to perceive the space as a clean slate. Eliminating these personal items also helps to de-clutter the home, helping make the property look more spacious.
Stage Your Home to Sell
Hiring a professional stager is one way to create the perfect atmosphere and entice potential buyers.
Staging is a technique employed by interior designers and realtors to ensure that the property is as attractive and welcoming as possible. This helps buyers imagine what they could do with space if they utilized it to its fullest potential.
This practice does not come cheap, and renting the furniture can cost thousands of dollars a month. However, staging typically results in greater returns upon investment and a faster sale.
Innovative solutions have emerged for those seeking a more budget-friendly alternative, especially in today's digital age. Some sellers explore virtual home staging service in Washington DC or any other location, offering a cost-effective way to showcase a property's potential without the hefty price tag associated with traditional staging.
A beautifully staged home can increase the asking price by over 5% and reduce the time spent on the market by two months.
Update and Repair Your Property Before Putting Your Home On The Market
On top of presenting a beautiful home, you should ensure that the foundations of your property are up to par. Depending on your home's condition, this could mean thousands spent trying to renovate and repair the property.
Home inspectors will scrutinize the area for any traces of water damage, mold, or pest infestations, which are massive red flags for potential buyers.
Having any of these issues when trying to sell your home will seriously devalue your asking price and give buyers leverage when negotiating a price, as they will try to factor in these issues.
If you have severe problems, such as water damage or mold, it's best to get these sorted before you hang up the ‘for sale’ sign. Happy selling!