Historically, warmer months are a popular time for people to try and sell their homes. If prospective sellers are careful with planning and strategy about how they market their home, it has a greater chance of getting sold. Of course, it’s important to be realistic about this process. Since the housing bust in 2006, many properties have lost as much as half of their value. Real estate experts, RealtyTrac reports that 1 in 500 homes is in foreclosure each month. However, all is not lost. By presenting a home both online and in marketing materials, it is possible to sell a home at fair market value.
It is important to do some research before deciding on the selling price. This means finding out what the market is like not only in one’s city, but in the actual neighborhood by having the property assessed or appraised. Doing some basic renovations can actually increase the value of the home which is why it might important to do some minor work before setting the price. A selling price that is too high may have to be reduced many times before the property sells. Instead, a fairly priced home will attract prospective buyers and has a greater chance of moving quickly. It is important to consider the size of the home, the amount of land, special features, and what similar homes are selling for.
Work with Professionals
Most experts agree that the best way to sell a home is to talk to a real estate agent experienced in the industry. The right professional understands how to price, market, and sell a property in far less time than a typical homeowner. The best real estate agent is someone who understands your local real estate market, comes highly recommended, and has a strategy dedicated to selling your home.
Take Great Photographs
When people research a home online or in local publications, they want to see a polished looking property that looks inviting. This means that professional photographs are an important investment. The right expert can make a home shine and look good. Increasingly more people research real estate online, which is why eye-catching images that highlight the home’s features are important. This will increase traffic and buzz about a property listing, which can lead to a sale.
Add Environmentally Friendly Features
The most popular properties often have energy conscious features. This may mean that the flooring is made from recycled materials, the appliances are all energy efficient, and that the home uses solar power. Buyers today are more aware of the impact of being energy efficient, which is why they will pay more for homes with such features. Making minor updates to a home or switching appliances could make all the difference.
Working with professionals and understanding a home’s features go a long way in the selling process. This is a chance to understand a property’s value and to really market it well. By fixing a space up and really developing key relationships with brokers or agents, a homeowner can more easily sell his or her house.