Smart Tips For Selling a Home
Your home may be the biggest financial investment that you will ever make.
Selling your home can have a massive impact on your personal finances, so do your homework before you sell. Are you planning to put your property on the market? If so, here are a few strategies to make your home sale a success.
Competition
What’s you’re reaction when you hear that a neighbor received the full asking price for their home?
Initially, you might be frustrated that their house sold and your home is still on the market.
But stop and think.
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If a house in your neighborhood sells for the full asking price, you should view that as a positive. Buyers are attracted to your area, and that fact may increase the price you receive from a purchaser.
Instead of getting yourself wound up, take a deep breath, and do something about it. Go and have a chat to your neighbor. Find out what is different about their property compared to yours.
They may have spent a fortune on a new kitchen upgrade, or they may have an extra bedroom you don’t know about! Also, consider this: maybe they got lucky with a highly motivated buyer.
Don’t automatically assume you are doing something wrong. Investigate the circumstances of the sale to discover whether there are indeed improvements you can make so your sale goes through like your neighbors. Also, quality estate agents, like Red Hawk Realty, will be able to shed some further light on why your neighbor’s property has sold and yours has not.
Being angry about it will get you nowhere! Instead, use your neighbor as a source of research and inspiration. They’ve sold their home, so they will probably have no qualms about providing you with a few secret tips to help you sell yours.
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Is It Unique?
Do you have an unusual house?
A unique home can attract a huge amount of attention, but the only if the price is right.
Estate agents have many different factors they take into account in order to value a home. However, a lot of these factors rely on precedent. They evaluate past performance in order to determine what people would be willing to pay for your property.
But, if they have never seen a house like yours before, what are they going to compare it to? For an unusual home, use the following three factors to determine the value of your property…
- What kind of buyer will your home appeal to? Get a better idea of the type of people who are interested in your unique home, and the price they might pay.
- Appeal: Ok, so your home may be unique, but does it have all of the selling points a buyer would want? Is there plenty of space? Are there any added extras that could clinch the deal, such as a swimming pool?
- Just how unique? Value lies within the true character of the home in these instances. Is your property unique because it has history, i.e. someone famous lived in it during Georgian times? Or, have you simply updated it so much it looks nothing like anything anyone else has ever seen before?
Consider all of these factors if your home is unique or unusual.
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Do Your Homework
Selling a home will have a big impact on your personal finances, so do your homework. Take steps to prepare your home for sale, and work with a realtor who can determine a reasonable selling price for your home. Use these tips to sell your home for an attractive price.
Ken Boyd
Author: Cost Accounting for Dummies, Accounting All-In-One for Dummies, The CPA Exam for Dummies and 1,001 Accounting Questions for Dummies
Co-Founder: accountinged.com
(email) ken@stltest.net
(website and blog) https://www.accountingaccidentally.com/
(you tube channel) kenboydstl