When selling a home, knowing your investment is in the right hands can make all of the difference, both to your peace of mind and your wallet. Real Estate is a big business, and there are many options for selling, and many agents who would like to help you. How can you be sure you will find someone who can quickly sell your home for the most profit possible? What are the common pitfalls for those selling homes?
Some renovations can increase your home’s value substantially, while some are just personal choices. For example, building a deck is generally a renovation that adds to the value of a home. They are often seen as gathering points for entertainment. Adding square footage also often adds into the price of a home. Bathroom and kitchen renovations sometimes do as well, but only if not too ostentatious. Pet projects, however, generally do not. A built-in Tiki bar in the basement might find the exactly right buyer if it is in fashion. Otherwise, it will diminish, not increase, value.
Selling on Your Own
A second major mistake is selling the home by yourself, rather than allowing an agent to list. Often homeowners assume they can increase profits by not needing to pay a realtor’s fee upon closure. However, homes which are listed sell more quickly, and generally for more money, than those similar homes sold by owners. For each month that the home stays on the market unsold, you are still paying the mortgage, taxes, and other bills. A higher listing value, and counsel in how to stage the home for quick sale, is often a better deal in the long run. Likewise, experienced agents know how to not only list, but lead both buyer and seller through the legal process. A real estate professional can act as a middleman between the buyer and seller and resolve conflicts. This can expedite the sale and lessen the chance of a buyer backing out while work or inspections are done.
All the World’s a Stage
One of the biggest mistakes buyers make when selling real estate is not properly staging their home. Staging a home properly can increase the price of sale by upwards of ten percent! Besides the basics of making sure a home is clean and free of clutter, staging includes things like smells, bright colors to attract the eye, and depersonalizing spaces. Cleaning and refinishing hardwood floors and repainting any dingy surfaces might be necessary. By taking down family pictures and other personal touches, it’s easier for new buyers to visualize themselves in the home.
You want your home to sell quickly, and a good agent can show you how. Instead of spending extra money on costly repairs or months on the market, finding a professional expert you can trust can save you time and effort. With luck, it can save you a great deal of money!
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