Selling your home can be both difficult and frustrating. They key is to educate yourself as much as you can about the process, and get a good real estate agent you can trust.
Here are some top tips for selling your home:
Check your Marketing
Good marketing can be the difference between a house which is snapped up, and one which stays on the market for months, or even years. You want to attract as many people as possible to your property, which will mean you’ll need to take advantage of both traditional and newer marketing methods.
Along with ads in the paper and in real estate flyers, consider setting up a Facebook page, advertising on twitter, or even placing some photos on Instagram. Social media is a wonderful way to get eyes on your house.
Don’t overspend on renovation
Many people assume that before selling their home, they’ll need to spend a lot of money and time on renovations. But plenty of buyers are looking for a fixer-upper, and by doing those renovations you may be cutting out a large part of the market who want to make your house into their home.
People can also often be tempted into DIY, but if you’re not used to making changes and renovations to your house, it’s not a good time to start. If you rush the process or cut corners prospective buyers will be able to tell, and if you spend too much you may find that this doesn’t translate into a good return when you go to sell the property.
Understand your market
It’s important to understand if you’re in a buyer’s or seller’s market, and also to know what the market looks like in your neighbourhood. There are plenty of things which will influence how fast your house sells, which is why you’ll want to begin researching months before you plan to list your property.
When potential buyers are going to visit your house, this is when you want to be showing your house off as much as possible. That means springing for a full clean, packing away personal belongings, and ensuring that they can imagine themselves living in the house. If you have old or weird furniture, consider hiring some, or paying for a stager to make your house look attractive to the widest range of buyers.
Have a backup offer
Don’t let yourself be at the mercy of one buyer, and even if you find someone places an offer on your house, still let others come to your open houses and exchange details. Until the paperwork is signed your house is still for sale, and while a buyer may seem interested, they’re probably still looking at other options as well. You never want to be left in the lurch when a potential buyer backs out last minute, and you’ve burned bridges with other buyers.
While you’re selling your house, you’re probably going to be looking at buying a new one at the same time. Consider investing in NPBS home loans with variable interest rates in order to make the whole process less stressful and more rewarding.