Are you planning on selling your home? If you are, then you should start preparing your property beforehand. Selling real estate property is not as easy as uploading photos on a listing site or putting up a “for sale” sign in your front yard. A lot of preparation and consideration is involved. Otherwise, you have fewer chances of making a sale quickly and for a good price.
That’s a more concrete problem than it seems. Statistics show that homes that stay on the market for 10 days or less were sold for 98.29% of the original price. Those that stayed in the market between 46 to 90 days were sold for less, particularly 89.82%. Those that were up for grabs for six months were sold for only 83.68% of the original price. The longer your listing stays in the market, the fewer chances of you making a sale for a good value.
This goes to show how important it is to prepare your home before putting it in the market. It increases the chances of your house selling faster and ultimately for a higher value. Here are rules on how to get your house ready to sell.
Renovate and stage your home
Data from the National Association of Realtors found that most buyers (52%) conducted their home search through the Internet. This means that what they will be relying on in their search for a new home are the photos you upload in your listing. If the photos don’t put your home in a good light, the chances of buyers inquiring about the property are significantly low.
Hence, you want to make an effort to renovate and stage your home. Conduct a deep clean, declutter, fix the lighting, repaint the walls, have your parking lot stripped, etc. Make your house look good as new and ready to accommodate its new dwellers.
Take high-quality photos
Among the common mistakes made by home sellers is taking low-quality photos of their home for their listing. But this simply won’t do. Remember that first impressions count, and your photos will be the first thing buyers will look at. Listings with low-quality photos are often overlooked and ignored by buyers.
You might want to consider hiring a professional photographer to take photos of your property, as studies show that listings with professional real estate photography sell 32% faster than those with low-quality photos. Professional photographers know how to capture your home in its best light, increasing the chances of interested buyers.
Consider hiring a real estate agent
Although hiring a real estate agent will be an extra cost, the amount you pay is definitely worth it. If you’re not an experienced home seller, chances are, you don’t know a lot about real estate market trends. But this knowledge is important in order to price your home correctly and realistically. There are a lot of things that can affect the value of a property, such as crime rates, neighborhood statistics, square footage, location, etc. A real estate agent will know exactly how much you can sell your home to get a good deal.
As you’ve probably realized, selling a home is not as easy as it seems. There are a lot of things to do to prepare your home and make it worthy of being sold on the market. Make an effort to make your home look presentable and attractive to potential buyers. Do your research on market trends and real estate concepts. All these things will pay off when you can sell your home quickly and for a reasonable price.
