Your home is among your most valuable assets, so when it comes time to sell, you naturally want to do everything in your power to maximize your return on investment. Even small actions can have a huge impact on your sale price, especially in today's hot real estate market. Fortunately, the steps for a successful home sale are fairly straightforward and have been proven effective time and time again.
When our clients ask how they can get the best return on their home sale, our REALTORS® always recommend the following actions:
- Start By Finding The Right Real Estate Agent
When selling your home, so much of your success comes down to the quality and experience of your real estate agent. Choose an agent who has a great track record, has years of experience, and knows your neighborhood well. He or she will be able to help you appropriately price your property, guide you through the staging process, and help you to evaluate and select the right offer.
- Focus On Curb Appeal
Great curb appeal gives you a prime opportunity to make a great first impression on a buyer. Take the time to make sure your landscaping is in good order, your front door is painted, and your yard is free of debris. Power wash your facade and clean your windows. At the end of the day, you want to be sure your property shines through in those listing photos. For some great examples, take a look at these Bronxville homes for sale.
- Stage Your Home
In today's market, the importance of home staging can't be overlooked. Staging is the process of preparing your home for the market by arranging furniture and decor to appeal to a mass audience of potential buyers. By eliminating any elements of personalization, you make the property more appealing to home shoppers. Take the time to stage your property as best as you can.
- Set The Right Price
Choosing the right asking price is essential to generating a good return. Price too low, and you may be leaving money on the table. Price too high, and your home could sit on the market too long, which may leave buyers wondering if it has a problem. When your home is priced just right, it'll drive competition towards your listing and ultimately result in a higher sale price.
- Sell At The Right Time
The state of the real estate market, as well as the time of year, can both impact your total return on your home sale. If there are more home shoppers than available properties on the market, you stand to drive a much higher sale price. Buyer activity and competition are also higher in the spring and summer, giving way to a higher chance of your property attracting multiple bidders.
- Make The Right Repairs
Many sellers make repairs and upgrades before listing a home on the market; however, you should prioritize repairs that will drive the highest return. In many cases, major renovations will cost you more than you'll be able to recoup in your sale price. Doorknobs, lightbulbs, and caulking are all no-brainers. However, a new roof or a kitchen remodel might end-up eating into your ROI. Consult with your real estate agent on what repairs are worth the time and investment.
The real estate market can be tricky for those without experience, but by following our tips, we're confident your home sale will be a success. Contact us today for more information.