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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 method of selling a home.
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 go about selling your home. Some houses spend months, or even years, sitting on the market until offers begin to roll.
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 even clearing out the toiletries in your bathroom.
This allows buyers to perceive the space as a clean slate. Eliminating these kinds of personal items also helps to de-clutter the home, helping make the property look more spacious.
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 in itself can cost thousands of dollars a month. However, staging typically results in greater returns upon investment and a faster sale.
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 de-value your asking price and give buyers leverage when negotiating a price, as they will try to factor in these issues.
If you have any 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!
Krystle Cook – the creator of Home Jobs by MOM – put her psychology degree on a shelf and dived into a pile of diapers and dishes instead. She is a wife and mother to two rambunctious boys, sweating it out in her Texas hometown. She loves cooking, DIY home projects, and family fun activities.
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This kind of stuff is always confusing to me. Thank you for sharing!
It can be confusing. Have you ever sold a house before?