Selling your house is no small feat whether you’re doing it alone or with the help of a real estate agent. It is also now even more challenging with the threat of COVID-19 still present. If you have questions such as how to sell a house fast, go through our home sellers guide.
Am I ready to sell my home?
Ask yourself if you’re prepared to sell your home. After all, it’s understandable to get a little emotional about it. You’ve invested a lot into your home.
You should also know why you’re selling your home. Are you downsizing, upgrading, or relocating because of employment considerations? Knowing your motivation helps you identify things you need in your new home. It also helps you set a realistic timeframe for your home sale.
When is the best time to sell my home?
It depends on multiple factors.
First, there’s the season. You can sell your home any time, but there are months when it’s easier and more profitable. Spring and summer are widely accepted to be the best seasons to sell. As the snow thaws, activity heats up. And for buyers who have school-age children, summer is the ideal time to look for a home.
Second, there’s your local market. Remember that every real estate market is unique. Ideally, you should sell in a seller’s market, when demand outstrips supply. Such an environment increases your chances of selling your home fast and at full price.
Finally, there’s you. If you’re 100% ready to sell your home, go for it.
How do I price my home?
Setting the right price for your home is one of the challenges you’ll encounter as a seller. You don’t want potential buyers to get turned off by high prices, but you don’t want to sell yourself short either. To get the price right, here are some tips:
- Have your home appraised. You won’t be able to come up with a good price without knowing the current market value of your home. Real estate agents also tend to have their own market value calculators. Ask your agent to help you come up with a rough estimate.
- Request a comparative market analysis. A comparative market analysis is a reasonable basis for your home’s value. It takes a look at the sale prices or comparables (comps) of recently sold homes in your area that are similar to yours. You can also do this on your own by checking out sale prices of sold listings online.
Should I make repairs or upgrades?
Most buyers are interested in purchasing turnkey homes. As such, making repairs and improvements are highly recommended. Simple upgrades can also boost your home’s market value. Here are some of them:
- Placing an air freshener in damp areas to get rid of any musty smell
- Applying a fresh coat of paint
- Upgrading lights to LEDs or smart lighting
- Thoroughly cleaning sinks and faucets
- Fixing damaged flooring
- Replacing malfunctioning appliances
- Improving your landscaping
- Installing a smart home system
Check out Remodeling.com’s 2020 Cost vs. Value Report to see which home improvement projects are worth your investment.
How can I stage my home?
Staging a home is still an essential step in selling your home even during the pandemic. These home staging tips for sellers will help you prepare your home for sale:
- Rearrange the furniture. If needed, consider renting furniture to highlight the best aspects of your home.
- Declutter your home. Remove personal items like pictures, collectibles, and other belongings. This will help your potential buyers envision themselves living in your home.
- Leave a decorative accent or two, like books, fresh flowers, scented candles, indoor plants, and other accouterments.
- Hire a professional real estate photographer to take outstanding listing photos of your home.
Should I hire a real estate agent?
While you can opt to take the for-sale-by-owner path, having an experienced and dependable real estate agent by your side is always recommended. If you’re a first-time seller, a real estate agent can help break down the process and translate the technical or legal jargon for you.
Your real estate agent can provide you with the information you need to make sound decisions, from pricing to choosing the best offer. They’ll be with you at every step of your home-selling journey.
RE/MAX Direct can help you achieve your home selling goals in West Chester, PA. Call 610.430.8100 or email remaixdirectwc(at)gmail(dotted)com for more home selling tips as well as steps in selling a commercial property.