How to Sell Your Home
It can be hard to sell a home in a down economy. Sometimes people don't have the luxury of waiting for the economy to turn around. It may be necessary for them to sell their home right away. In a down economy you need all the profit from selling a home that you can get. So many people decide to go it alone in selling their home so that they don't have to share their profits with a real estate broker. No matter what your reasons may be, here are some tips to sell your home easier in a down economy.
Make sure that your home looks desirable on the outside so that you can reel in the prospective buyers. If your home looks run down on the outside, potential buyers are going to assume that it is run down and not worth the problems involved in purchasing such a home. This should include making the yard look landscaped and uncluttered. Add foliage if necessary. Remove weeds, broken tree limbs, and debris from your yard. Make sure that your home has a fresh, neutral tone of paint on it. Take the time to make sure that your windows and gutters are clean. Make necessary repairs to your driveway, sidewalk, and mailbox. If there aren’t already readable, decent looking address numbers on the front of your home, consider putting some up. These are some of the things you can do to the outside of your home that will make prospective buyers want to look inside.
The most important thing you can do inside your home is make sure that it is clean and uncluttered. You’ll want it to feel as open and inviting as possible. You can accomplish this by keeping walkways clear and clean. Shampoo carpets, polish hardwood floors, and scrub tile clean. If the floors are too far gone, consider putting down self adhesive tile as a quick fix option. This can also be done in a kitchen that has hideous, old and outdated floor tiles. A fresh coat of off white paint will do wonders to brighten the walls of all the rooms. If you will be selling your appliances along with the home, make sure that they are clean. If they are mismatched, paint them to match one another.
If your furniture is shabby, or if you’ve already moved out, consider renting or purchasing a few basic items that will suffice for staging pieces in the home. Leaving the home completely void of furniture doesn’t feel warm and comfortable to potential buyers. It’s important to give the home a lived-in look with a bit of style. This will allow the buyers to imagine themselves living there. An empty, cold house doesn’t keep buyers interested. Just a few basic pieces can set the stage in your home. Make sure to have a sofa or loveseat in the living area. A coffee table could help, as well. Put some current magazines or candles on the coffee table.
Make sure that you keep the electricity on in the home you want to sell, whether you are still going to be living in it or not during the selling process. You must do this because the lighting in and around a home sets the impression that potential buyers get of your home. Make sure to have sufficient lighting outside the home so that it looks inviting, and not dangerous or unattractive in any way. Inside you should consider stylish lighting, like lamps, track lighting, incandescent bulbs, and spotlights. Make sure that there is plenty of lighting so that no area of the home is left dark during tours. This will make the home feel warm and comfortable. Make sure that the window covers are kept to a minimum to allow natural daylight in during the day, and this also allows your warm, artificial light to flood outside at night to provide a beacon to potential buyers.
Price It Right
When you are ready to price your home, make sure that you have done your research. This is the part of the home selling process where you may want to consult with a real estate agent. They can give you a market analysis. The market trends have a lot to do with where your home may be in value. They will know a lot more about this. They will also take into account the value of your neighbors’ homes. It’s a good idea when you are doing renovations to your home that you don’t overdo it. You don’t want your home to be the most expensive one in the neighborhood. This makes it much harder to sell. Keep the renovations to a minimum. A median priced home will sell the fastest. Take into account that you may have to come down a bit on your final asking price of your home through buyer negotiations.
After you have successfully completed all of the tasks listed above, you shouldn’t have too many problems with trying to get your home sold, even in this down economy. The good news is the housing market is turning around, and a savvy investor will know a good deal when they see one. Investing in property is something that people will always do, even in bad economies.
Sell Your Home
Want to sell your home yourself? Listing your property for sale by owner is easier than you think. With The Property Owners Network at your side you'll save money and be confident at closing time.