Every house seller wants a stress-free selling process. Who wouldn’t want to find a buyer quickly and get paid right away? However, the reality is that many factors can affect the outcome of selling a house — some of which are controllable and some are not. And the process can put you on an emotional roller coaster ride.
For instance, the property’s geographical location might influence how buyers decide whether they’d buy it or not and how high you can sell it. The inventory in the local housing market can affect the client’s decision too. If the inventory is low, there’s a big chance that you will sell faster and can even ask for a higher price. But if it’s high, you should expect high competition in the market.
Are you thinking, “how do I sell my house fast”? Here are a few things you can consider to stay focused and minimise stress as you sell your house fast.
Real estate agents have all the knowledge that you can use when selling a property. They know what is happening in your local marketplace. These agents also have access to a wide network. They can even provide you with updated information about the terms and conditions, price and financing of competing properties. With their experience and expertise, real estate agents can be in charge of the selling process. Nevertheless, the right real estate agent will not only market your property. Such a person will also help you negotiate your real estate deal. Additionally, your agent can suggest the kinds of upgrades you should do to make your home look more attractive to buyers than those of other houses in the area.
Pricing plays a crucial role when buying a house. If you want to sell your home fast, you need to ensure that your price is competitive. Pricing it too high may cause your property to get stuck on the market list. Even more, most expensive houses often get sold for less than what homeowners want to, causing them to lose more in the long run. In this case, working with a real estate agent may be helpful. Your agent can provide you with information about the comparable homes within your location so you can set a more realistic price.
No one wants to see a messy house. That’s why you need to keep your home presentable at all times. How buyers see your property affects their decision to buy it or not. Before showing your property to a potential buyer, get rid of all the clutter. It’s also important to remove your personal belongings. Having them on display might make it challenging for some buyers to imagine themselves living in the property.
Curb appeal refers to how a property appears when you look at it from the street. It’s the value of its exterior, and it does add to your home value. When your house has a great curb appeal, it’s attractive. It’s appealing to the eyes of buyers and may help sell the house faster. To keep your property as attractive as possible, you should ensure that you maintain a well-manicured lawn. Also, improve your landscape and tidy up your walkways and driveways. If your front porch appears dull compared to others, you can consider adding a few plants or even repainting your porch.
A house that needs constant repair and replacement is a liability. When you plan on selling your home, it’s better to make improvements that will make it easier to maintain your home. Doing so can potentially increase your property value. A way of doing it is by getting rid of your easily stained carpet and replacing it with hardwood floors. You can also opt for high-maintenance wood siding.
Buyers these days look for properties that are energy-efficient to help them save on their utility. Fortunately, various systems and products like solar panels can now turn your home into an energy-saving property. Moreover, energy-efficient mortgages (EEMs) are available for borrowers who want to make their homes more energy-efficient. EEMs also provide borrowers with lower home loan rates to increase their purchasing power.
Even adding square footage to your floor plan can already increase the price of a property. That’s because most buyers typically see bigger homes as high-value properties. So if you have more than enough budget for renovation, adding a room is a good move to make your house bigger. You can also turn your basement into an additional living space.
Upping your technology at home is not just fun; it adds value to your property. Now that technology has become a crucial part of everyone’s lives, installing more than thermostats and fire detectors is beneficial if you sell your home. Smart home security systems, such as security cameras and door locks, provide protection. A smart home also makes the living experience more convenient and comfortable. Buyers are sure to take note of these technological advancements, which might give them reasons to buy the property.
Are you on the fence about selling your home? Whilst many will tell you it’s a good time, you should still consider other factors before deciding to sell your house in 2021. Without proper planning, it could cause you more harm than good. Thoroughly researching the current and future home market status is essential to ensure that you’re making the right decision. For example, if the mortgage rates are low, the number of mortgage applications increases. Many potential buyers would upgrade their homes or look for their dream houses. In such a situation, you should get on the market. However, the market shifts a lot. So keeping yourself updated is a must.
Selling a house isn’t a walk in the park. It will be best if you think about it before making a final decision. Although it may seem complicated at first glance, selling your home can be a lot easier with the help of the right people.
Are you planning to sell your home soon? We, at Ray White Balmain, can make it happen! Call us at +61 (2) 9810 3476 now.