Summer’s here, and the time is right for selling your home. And this summer, it may be even better. CBS News reported last month that home prices around the country are on the rise as low inventories are sparking bidding wars. In fact, the home price index has moved up 6.6 percent since this same time last year.
Here are six tips to help you take advantage of the booming real estate market.
Don’t Hire Just Any Agent
If you want to have a successful real estate listing, there are some important questions you need to ask realtors when you’re interviewing them. And, yes, you do need to shop around. Ask these five key questions, as outlined in a special U.S. World News Report article.
- What type of experience and local expertise do you have?
- Are you a member of an agent organization like the National Association of Realtors?
- What type of marketing plan do you have to sell my home?
- Do you have relationships with service people like inspectors, mortgage lenders, and handymen that can help in the process?
- Do you have a list of clients I could call for references?
Know the Importance of Pricing It Right
Buyers will be more intrigued by your home if there are already others interested in it, so be sure to price your home at a reasonable price to bring multiple buyers to the table. Pricing the home too high is the leading cause of a stale listing, so work with your agent to ensure that you’re carefully evaluating the correct asking price from the start.
Stage Your Home
While staging a home can cost you time and money, there are plenty of upsides. According to statistics, 81 percent of buyers say staging makes it easier to visualize your property as their future home. Here are some other benefits you can expect to see for your efforts, according to the experts at the Home Buying Institute.
● Increases the likelihood of a sale.
● Even if it may not be, buyers will think your home is well-maintained.
● Makes the house feel bigger.
● Helps buyers see themselves in the home.
● Leaves a favorable first impression.
● Gives you a leg up against the competition.
Give Your Home a Good Deep Clean
Nothing turns off a buyer more than a dirty, smelly home, as no one wants to visualize themselves living in a mess. Be sure to do a thorough deep cleaning of your home that includes neutralizing any lingering odors from pets or the kitchen. A good cleaning should also include some depersonalizing. This means removing photos of your family, taking down the old political signs, and anything else that’s personal to you that may turn off a buyer.
Put an Emphasis on Curb Appeal
You only get one chance to make a first impression, and if buyers pull up to your house to find it covered by unkempt bushes and trees, the yard full of weeds, or broken down lawn furniture, it’s easy to make some quick assumptions.
Take care of some of these curb appeal items before you list.
● Tend to any roof repairs.
● Paint or replace an old door.
● Get new house numbers.
● Give it a good pressure wash.
● Tend to the landscaping.
● Add a flower pot and doormat.
Understand the Importance of Good Marketing
In a study by the National Association of Realtors, 90 percent of buyers searched on the internet before making their purchase. This means you need to work with your realtor to make sure you have a good online presence. Start by investing in a professional photographer for your listing. Photographers know the right angles, how to make beautiful compositions, and possess editing capabilities that can fix things that might look amiss.
These six tips will help you replace that “For Sale” sign in no time. And be sure to tap your expert realtor for more great advice. “Sold” will be your new favorite four-letter word!
Suzie Wilson is an interior designer with more than 20 years experience. What started as a hobby (and often, a favor to friends) turned into a passion for creating soothing spaces in homes of every size and style. While her goal always includes making homes look beautiful, her true focus is on fashioning them into serene, stress-free environments that inspire tranquility in all who enter. The Ultimate Guide to Prepping Your Home for an Open House is filled with tips, tricks and other advice based on Suzie’s years of experience in interior home design that will set you up for success.