Thinking of selling your house? Spring is the perfect season to spruce up your home and put it on the market. Here are a few tips & tricks to boost your sale price and maximize the potential of your home this spring:
1. Do your research:
The simplest and most effective way to maximize your sale price is to simply do your homework. Work with your realtor to find out what similar homes in your area sold for (called comparables) to come up with an accurate asking price. You may not be aware how much your home has appreciated in value since you first bought it, so looking at comparables will help you ensure that you’re not selling yourself short.
2. Repairs & Upgrades:
Try looking at your home as if you were a potential buyer for repairs and upgrades that your home needs. Small repairs, a fresh coat of paint and smart upgrades won’t go unnoticed by potential buyers and can help you maximize your sale price. Small upgrades in the kitchen and bathrooms are particularly effective, and painting your home a lighter colour will help it show better and get you your asking price.
3. Get creative:
Unique and creative marketing ideas can help you achieve your target selling price. Drone photography, social media and a strong online presence will help your home stand out and expose it to a wider audience. A recent poll found that 90% of homebuyers looked at homes online, particularly when they were beginning the house hunting process. Make sure that your realtor has a strong marketing strategy and is utilizing every marketing tool available to them.
4. Set the Stage:
Fresh flowers, warm lighting and removing clutter can help your home give the first impression you need to maximize your sale price. While these changes may seem small and insignificant, they can make all the difference in they eyes of a potential buyer. Don’t forget that this extends to the front yard as well, which should be clean and well manicured, as this is the first view that buyers will have of your home.
5. Negotiate effectively:
So you finally have an offer on the table, but it’s far below your asking price. Now is the time for smart and effective negotiating. During the negotiation process make sure that you are working with a realtor you trust and who has your best interests in mind. Effective negotiating, which may involve creative financing and altering the terms and conditions of the sale, can help you get top dollar for your home.
If you are considering selling your home this spring feel free to contact me for a free home evaluation. I would be more than happy to meet with you and help you decide if it’s the right time to sell and how to get the sale price you want.