How To Make Sure You Sell Your Home For Top Price

The motivation you have for selling your home will be a huge driver for how much you end up getting for it. Hence, although you may be looking for a quick sale, trying to have a goal of a high sale price is also very important. If you want to sell your home at the best possible price, there are a few things you must do.

 

First of all, you have to decide why you want to sell. You must learn about your motivation as this is the driving factor behind the resources (money, time and effort) you will be willing to invest as well. For example, you will need to handle the process of wanting a quick sale differently from wanting a huge profit.

 

You need to know your motivation, but you don’t have to tell others about it. If you tell a potential buyer what your motivation is, and they are working with a really knowledgeable realtor, they can easily use this against you. If people really want to know why you are selling, try to be obtuse about it. A great answer is to say that your needs have shifted to something else. This is just vague enough to be the perfect answer. Interestingly enough, psychological research has shown that people interpret this type of answer into something that they like and can relate to. For example, it is possible that the buyers will believe you came into money and are looking at something bigger. Another possibility is that they believe your kids have moved out and you want to downsize. Either way, people will always believe that you have a genuine reason for a sale that is not financially motivated.

 

These are just a few of the things you can do to increase your chances of making a quick sale for a good price. Luckily, none of these things take a great deal of money, or a great deal of expert knowledge. It is about having common sense and seeing how important those things actually are. Hopefully, you will sell your home quickly and at a good price yourself.

Resources

Making Sure You Get The Best Price For Your Home When You Sell It

In all likelihood, your home is your biggest asset. Hence, if you want to sell this asset, you have some important decisions to make. You have to make sure that you have an understanding of the property selling process first. Luckily, you can spend some time online and find all the information you need. Take some time to learn about the process as it will help you reduce the stress associated with it, control it better and ensure you get top dollar for your home. Hopefully, the information presented below will help you to get ready for a sale and get a good price.

 

Start by working on the exterior of your property. It is the outside of your property that will create that all-important first impression to a potential buyer. So, make sure your yard is clean and that your bushes and trees are pruned. You need to try to look at your home through buyers’ eyes and see whether there is sufficient curb appeal. Usually, no major work is required and you simply have to clean and tidy up a bit.

 

The next step, naturally, is to have the interior checked. Obviously, you have to make sure that the interior is clean and tidy as well. Don’t hang up air fresheners or light scented candles all over the place. You may believe that they smell gorgeous, but the reality is that not everybody enjoys them. Furthermore, heavy artificial scents may make potential buyers suspicious, making them think that you are trying to cover up something. Get rid of as much clutter as you can. All those little nicknacks and all those pictures may seem important to you, but they are meaningless to others and prevent them from really seeing the home. In order to make your home look big, which is what any buyer wants, you have to get rid of as much stuff as you can from your walls, floors and shelves. The mirror is the one exception to this rule. If you hang a mirror, it will make the room look larger. Also, you do have to make sure that there is something on your walls somewhere, otherwise it will make your property seem hollow. It really is about trying things out and using your own common sense to see what works best and what makes your home look the biggest.

 

Finally, do a lot of research before you set your price. You must understand that the maximum you will ever get, if you’re lucky, is the asking price. What you should aim for is to get a sale price that is as close to the asking price as possible. If you ask too much, you may push potential buyers away. On the other hand, if your asking price is too low, buyers will be suspicious and think there is something wrong with the property. Plus, there is no way you will ever get more than the asking price, so you will find yourself very disappointed if you have set it too low.

Resources

3 Things To Consider Before Home Buying

Yes, interest rates for mortgages are still as low as they could possible get. Also, home prices are perhaps on the rise, but remain very interesting. This does not, however, mean that any home is bargain waiting to be snapped up. Yes, we are currently in a buyer’s market. However, don’t buy without exerting due diligence. The potential issues you may uncover when researching a property could be serious. These problems are not always significant enough to tell you not to buy, but sometimes they are. There are two things you definitely have to look into.

Firstly, always look at the neighborhood. Is the number of homes and businesses dwindling? Talk to your potential new neighbors and ask what the area is like. Look at the land as well. If the land slopes downwards towards the property, there is a chance that the foundations have been or will be damaged by flowing rain water. Noticing bad smells, both in and out of the property is problematic too. Look into whether there are pests. Ask community members of this, as everybody always knows when someone else has pests.

The second key factor to look into is for you to figure out whether you are looking at a foreclosure or short sale property. Of course, these properties are the cheapest, but they are also often in a bad condition and could be a sign of the community.

When push comes to shove, you are the only one who can work out whether or not you want to purchase a property. Also, homes with problems are often available at much cheaper prices. On the other hand, if you then have to pay even more money to fix it up, or if you can never sell it again, then it was a waste of money. Do always remember that a house is more than just bricks and mortar, but rather a place for people to build memories in, and those should be good memories. Although it is certainly true that you should look into the condition of the actual property, focusing on the neighborhood is equally important. A property inspector is all you really need in order to look into the condition of the actual property after all. When it comes to checking out the neighborhood, however, it isn’t so much about cold, hard data, but rather about personal feelings and emotions and whether or not you like it.

Red Flags To Look Out For When Buying A Home

Yes, interest rates for mortgages are still as low as they could possible get. Plus, although they are rising, home prices are still affordable. However, don’t let this lead you into believing that any home purchase is a good one. The buyers currently hold all the cards. However, never buy a property without having researched it. There are plenty of red flags out there telling you to move away from a purchase. Some of these are fixable, others tell you to look elsewhere. There are two factors in particular to be aware of.

Start by checking out the neighborhood. Does it look like everybody is leaving? Make sure that you speak to some of the residents and ask about what the community is like. Look at the land as well. If the land slopes downwards towards the property, there is a chance that the foundations have been or will be damaged by flowing rain water. Use your nose: bad smells in or out the property are a bad sign. Also look for bugs and insects. If there have been bugs or insects, people in the street are likely to know about it, so ask them.

The second important thing is to look into whether the home you are considering is going through foreclosure or is in short sale. Although it is true that these are the cheapest properties, they are also often in poor condition and in bad neighborhoods.

After all is said and done, only you can truly decide whether or not you want to purchase a home. However, make sure you exert due diligence at all times. Never purchase a property that you haven’t had professionally inspected. If some serious issues are identified, you can then decide whether this means the property is not for you, or whether you want to try and have the current owner reduce the selling price. However, you do have to make sure that you don’t purchase a true money pit.

© 2017 SOS Tag

Theme by Anders NorénUp ↑