In the current real estate market, many homeowners are weary of selling their properties, wanting to ensure that they can sell their homes quickly and for the highest price. Luckily for these sellers, there are numerous factors that will impact a home’s property value, many of which are often within a seller’s control!
Many factors that can be regulated include the home’s condition, the listing strategy, and even certain home features. On the other hand, some factors outside a seller’s control include the current real estate market and the property location.
So, how can a home seller increase their profits when selling their property?
Be Strategic With Repairs And Upgrades
A home’s condition is one of the most important factors in maximizing its price. However, many sellers can get caught up in the ever-growing list of home improvements and repairs, unsure of which projects will have the best return on investment. Primarily, sellers should focus on the obvious repairs, such as lights, landscaping, and paint jobs. For more involved home improvement projects, contact your Realtor® and a home appraiser to learn about what buyers are looking for in your area.
Partner With A Real Estate Agent You Trust
An agent or real estate brokerage that has the experience, knowledge, and connections in the industry is an essential element of the home selling process. Especially in the current housing climate, Realtors® can be a helping hand in navigating the market, guiding sellers with maximizing their listings, and helping to stage properties to be most appealing to prospective buyers.
Understand The Sale
While buyers, sellers, and even Realtors® can’t control the real estate market, some aspects of the home sale can be navigated to maximize the property value. Timing the sale is one such essential factor. Real estate data has shown that the best time to sell a house is in July; however, this can depend on the location and the direction of the current market. Setting the “right” home price is also critical to the sale. When priced too low, a home will sell instantly with money left over. When priced too high, a home will sit on the market, and buyers will become skeptical of the property. Understanding the best price range for your property will make the entire transaction process much smoother.
Price your home correctly, be strategic with your upgrades, find a real estate professional you trust, and you will be amazed at how well your property sells. HomeGate Realty can help with all aspects of your home sale; contact us today!
