Whether you’re moving to a new city, upsizing your home, or downsizing your home, there are plenty of reasons you might want to sell your house. Selling your home can be emotional in that you are bidding your property farewell and financial in that you’ll make money from the sale.
You may ask, ‘How can I sell my own house and make a profit?’ While you’re enthusiastic about selling your house, consider these six things before doing so:
1. Find The Right Time To Sell A Property
When it comes to selling your home, timing is everything. You’ll want to be aware of local market conditions, how long it typically takes for homes in your area to sell, and the average price per square foot. The more information you’ve about all this, the better prepared you’ll be when deciding whether now is a good time to sell.
The average days on the market (DOM) vary by location. Homes in some places will sell much quicker than others due to competition or pricing. This means that some homes spend less time on the market than 60 days, while others take longer before being sold by their owners or agents.
2. Know The Estimated Value Of Your Home
You should know the market value of your home and what similar homes are selling for. It’s important to compare your property with other homes in the area with a similar style, size, age, and condition.
You should know how much you can get for your home. It is also essential to see if it is worth more than what it’ll cost to maintain.
3. Research Your Real Estate Market
As mentioned above, before selling your home, it’s essential to understand its market value. Since almost everything can be searched online, you can browse the current local real estate market on the internet. This will give you an idea of how much you’ll sell your home.
Besides research, you can also reach out to friends or family members who have recently moved so that they can tell you about their experiences in selling their homes and what factors played into those decisions—including price and location choices. Knowing the market value of your home before selling it is something you should consider.
4. Find A Trusted Real Estate Agent
Another best way to sell your home is by finding a trusted real estate agent. It’s essential to ensure you have someone who’ll take care of all the details and go above and beyond. You can let them know what you’re interested in selling for and how much you think your home is worth. Then, show them all the available listings in the area, both sold and active.
Your real estate agent can tell you what similar houses have sold recently, including which ones haven’t yet. Once they’ve given you this information, use it as a jump-off point for determining the right price for your property.
All in all, your real estate agent should be knowledgeable about your area’s current market conditions and provide expert advice on getting maximum value from your home, which can mean everything from staging to marketing strategies.
5. Depersonalize The Space
Many homebuyers opt to look for houses with clean, blank spaces. This will help them visualize the aesthetic of the place. When selling your home, it’s essential to move out personal things inside that could distract them from doing so, like family pictures, plaques or trophies, and objects that are sentimental to you.
6. Prepare For Staging
Aside from depersonalizing your space, you must make sure you arrange the furniture and other decors to appear pleasing to potential homebuyers. You can also hire a professional stager to help you decide where to place things. However, if you’re confident with your designing skills and opt to do it yourself, then here’s a short list of what you can do:
- Clean the entire house. This includes rarely visited rooms like the stock room or laundry area. This will lessen your worry in case potential homebuyers want to check out these rooms.
- Remove all the clutter. If you don’t know where to begin decluttering, go for the most important rooms like the living room, kitchen, and bedroom.
- Repaint the walls or do touch-ups in certain areas that seem uninviting. If you’re planning to repaint the whole house, you can choose neutral colors and avoid bright ones. By doing so, you don’t have to worry about buyers not liking your favorite color.
- Repair door handles or change malfunctioning lighting. A well-functioning house is more sellable than those that need repair and touch-ups.
- Add some plants and other décor. Do this once you’re done arranging all the furniture, so you’ll know which areas need to be accented.
It’s important to know that staging your home can help with selling, but it isn’t a cure-all. Remember, if your home isn’t in good condition or priced right or has other issues (like structural problems), staging won’t be enough to compensate for those shortcomings.
A good realtor will help you through this process and make it easier than ever to sell your house. It starts with finding a good realtor and ends with pricing your home right so that you can get the best return on the value of your property.