Dana Strong's Blog
As you get ready to add your house to the real estate market, you likely will consider high and low initial asking prices. However, it is important to remember that no two residences are exactly alike. And much in the same vein, the initial asking price for your home may vary from that of a similar residence based on your house's condition, age and other factors.
Ultimately, a diligent home seller will allocate the necessary time and resources to determine a competitive initial asking price for his or her residence. This seller will be able to establish an initial home asking price that hits the mark with buyers, and as a result, stir up plenty of interest in his or her house.
Determining the ideal initial home asking price may seem tough at first. Fortunately, we're here to help you set a competitive price for your residence, regardless of the current housing market's conditions.
Now, let's take a look at three tips to help you establish the ideal initial asking price for your residence.
1. Assess Your Home
The present condition of your house may have a major impact on its value. Thus, you should perform a home inspection before you list your house to identify any underlying problems and address such issues.
A home inspection is generally requested by a buyer after a seller accepts an offer on a residence. Conversely, a seller who wants to go above and beyond the call of duty may perform an inspection to take a proactive approach to home improvement projects. This approach may help a seller mitigate potential home problems before they are discovered later in the home selling process.
Thanks to a home inspection, a seller can establish home improvement priorities. Then, this seller can perform myriad home improvements and move closer to maximizing the value of his or her residence.
2. Evaluate the Housing Market
Operating in a seller's market is far different from selling a house in a buyer's market. If you review the real estate market, you can gain the insights you need to establish a competitive price for your home.
Take a look at the prices of houses in your area that are similar to your own residence. This information will enable you to understand the price range for comparable houses in your city or town.
Also, evaluate the prices of recently sold residences in your area. This housing sector data will allow you to determine whether you are operating in a buyer's or seller's market.
3. Collaborate with a Real Estate Agent
A real estate agent knows the ins and outs of selling a home in any housing market. He or she can offer a wide assortment of housing market data. Perhaps most important, a real estate agent will make it simple for you to establish a competitive price for your residence and reap the benefits of a fast, profitable home selling experience.
Want to add your house to the real estate market? Use the aforementioned tips, and you should have no trouble setting a competitive initial asking price for your house.
Staging a home requires a seller to think about how to differentiate his or her residence from others that are currently available. Fortunately, a home staging checklist can make it easy for a seller to ensure his or her house stands out from the competition.
A home staging checklist allows a seller to take a step-to-step approach to enhance his or her house's appeal, which may lead to a fast, profitable home sale.
In addition, this checklist is simple to create and may include the following items:
1. Removing Clutter
Although you likely have collected a variety of antiques, artwork and other attractive items over the years, you may want to remove some of these belongings from your house. That way, you can help homebuyers envision what their lives may be like if they decide to purchase your residence.
Remember, the goal of a home seller is to stir up substantial interest in a house. If you eliminate clutter from your home, you can enable homebuyers to see exactly what your residence has to offer and help them make an informed purchase decision.
To remove clutter from your home, you may want to host a yard sale or sell excess items online. You can always donate excess items to local charities or give them to family members or friends too. Or, if you want to keep all of your belongings, you can put various items in a storage unit until your residence sells.
2. Cleaning a Home from Top to Bottom
An immaculate residence is sure to garner substantial interest from homebuyers. Thus, if you clean your home from top to bottom, you can increase the likelihood that your residence will make a positive first impression on potential buyers.
Go room by room and clean as much as possible. If you require extra assistance, you can hire a professional home cleaning company as well.
3. Collaborating with a Real Estate Agent
If you need expert guidance as you sell your residence, you should hire a local real estate agent.
A real estate agent is a difference-maker throughout the home selling journey. This housing market professional can help you stage your home, along with provide real estate market insights that you may struggle to obtain elsewhere.
When it comes to home staging, it often pays to collaborate with a real estate agent. In fact, a real estate agent will learn about your house and offer personalized home staging recommendations.
Furthermore, a real estate agent understands the ins and outs of selling a house and can help you make tough decisions throughout the home selling journey. He or she can work with you to determine an initial asking price for your residence, whether to accept an offer a home and much more. Also, if you ever have home selling concerns or questions, a real estate agent is happy to respond to them at any time.
Take the guesswork out of staging your residence – include the aforementioned items in your home staging checklist, and you can quickly and effortlessly get your house show-ready.
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