For one of a variety of personal reasons, you have decided, it’s the time, to sell your home in Colwood. If you are like most others, your goal and priority, is to sell your house, for the best possible price, in the shortest period of time, with a minimum of stress and hassle. Unfortunately, many times, homeowners become so comfortable living in their home, they neglect certain details, and regular maintenance, either due to being busy, not even thinking about it, etc.
However, when you make the decision to sell your home in Colwood, you have to realize, others don’t possess the same memories and love for your home, you do, and you will be marketing your home, against others, which might be comparable and competitive, and therefore, must do all you can, to make a good impression, etc. This article will briefly consider 5 ways to address, what is known, as, curb appeal, or the first impression, potential homebuyers, get, when they first see your house.
5. Use of color: Examine the shutters, areas around windows, front door, pillars, etc, and see, if a new layer of painting, as well as a hint of color, might enhance the initial curb appeal!
Considering curb appeal may be the difference between attracting quality, objective buyers, and losing real viewings! Will you commit, to taking some basic, inexpensive steps, to maximize the potential of selling your home?
Colwood Sell House – How to Sell Your House Profitably
When it comes time to sell your home you have a lot of decisions to make, not the least of which will be when to put your home on the market. Many first-time sellers go into selling their home blindly without knowing the vital information that will help them sell their home faster and get the best price possible. One of those pieces of vital information is the best time of year to put your home on the real estate market, and it might make the difference between selling your home quickly and waiting several months to get the price you want. Before we discuss the seasons in detail, there are a couple of factors that you should get right before you even decide when to list your home, because without taking care of these issues, you could choose the best possible time of year to sell and still not have any results.
The Condition of Your Home Matters
Remember that you need to ensure your home is in the best condition possible before you list it. If you want to sell your home in three months, you should begin working on it right away. Even if you want to move out in six months, you should start immediately because you want to give buyers the impression of a home that is ready to move into. That means that maintenance and repairs that you have been putting off should be done as soon a possible so that the buyer doesn’t have to think about the work that they will have to do if they buy your home. In addition, your home needs to be stripped of your family’s identity before you start showing it to potential buyers. That means giving every single surface the white glove treatment, removing personal items and furniture that clutter up a room and possibly even bringing in different furniture to make a room look larger or to accent it better.
Pricing is Very Important Too
If you don’t price your home right, it won’t matter what time of the year you list your home because buyers aren’t going to be interested when there are many other competing homes that are priced correctly. Your real estate agent is your best source of information when it comes to pricing. They can tell you what your home is valued at, what similar homes in your area have sold for and which price range is the “sweet spot” for customers in this market. Remember that if you overprice your home at first, even if you lower the price later, buyers will wonder why the home was on the market so long without selling.
Spring & Fall Season
Spring has traditionally been touted as the best time of year to sell your home, but that is a generalization that might cost you because new market research has shown that your best time of year to sell depends very much on where your home is located. Trulia conducted a study in 2012 that May and June are both great months for peak prices, in general, but if you’re in the southern U.S. March and April are the best two months. So, while Spring is general is probably the best time to list your home, you should also include your location in deciding when to list. However, fall is also a great time to list, as prices are at their peak and you can take advantage of the seasonal theme and show off your fall colors.
Summer & Winter Season
Sales tend to be best in spring and fall, but they drop off during the summer. This could be for any number of reasons, but it is important to keep in mind that while not as many homes are sold in the summer that could be a good thing. You will have very little competition if you choose to list in the summer rather than the spring and that could mean that you sell your home more quickly than if you had listed a few months earlier.
Winter is also one of the low points in selling homes. Buyers tend not to want to house hunt during the winter but if you decide to list during the coldest season anyway you can always take advantage of holiday decorating to make your home sell faster and at a better price.
What Are The Real Costs Of Selling A Home?
Selling house is a very intricate process that needs a lot of understanding in the field of real estate as well as patience. If you think buying a house is a much difficult process than selling one, you are mistaken. This is because selling a house is an equally complex process, where several factors need to be taken care of at once. Starting from fixing the interiors and exteriors to finding the right buyer who can pay the right price, everything needs to be in order and as preferred for the deal to take place.
An Investment That’s Worth It
The real estate market is one of the most lucrative markets in terms of investment, because the kind of returns that the real estate market is known to give, other investment tools can rarely match. Whether you have an investment property that you want to shell out, or want to sell off your current residence, looking for a price higher than the current market price is a common goal for most of the sellers. And, to an extent, this is legitimate as well because the price of the real estate property is going to increase with time anyways.
This gives the feeling to the sellers that their asking price should cover at least the next few years’ going rate. If the property is nicely and centrally located in a popular area, has sufficient space, is well designed, have all the basic amenities in place, is well maintained, and all the paper works are in order, asking for the higher price shouldn’t pose any problem during the selling process. In popular areas, there is always a high demand, and thus, finding the right buyer who can afford to pay a bit of a markup over the going rate should not be a problem.
Why You Should Look For Higher Price
Looking for a higher price is a common thing in the real estate market, whether it is the real estate agent or firm who is doing the selling on your behalf or is it the seller himself. To an extent, it is this practice of increasing the selling price considerably and frequently for just about every sale and every property is what has led to an overall boom in the real estate market. The reason why you should look for a higher price too is that it not only helps get you better returns on your investment but also helps sellers to pay for the ad hoc expenses during selling without having to compromise on their original asking price.
Things To Do To Bag A Higher Price
Even if your house is situated in a nice area, it is not always possible to bag a good price, because of buyers apart from considering the area, also considers many other factors. How is the house maintained? What are the problems that the house is facing currently? What are the fixes that need to be made? What fixtures need immediate attention? What would be the cost to repair and fix the problems existing in the house? Does the house needs a paint job? And, so on.
These and similar factors would be considered by the buyers, and if your house is not well maintained, then forget about asking for the higher price than your house is worth, you would face a tough time asking for the current market price as well. This is because the aim of the buyers would be to cut out the repairing and fixing costs of the house from the asking price. To ensure that you are able to bag a higher price than your home is worth without having to struggle too hard, you need to take care of several factors –
- If your house is old and it shows, do a paint job on the interior and the exterior to give it a new and fresh look. The idea is to make your house look attractive, both from the inside as well as outside to make the buyers with deep pockets fall in love with your property.
- Check for the fixes to be made in your house, whether it is your driveway that needs to be maintained, garden that needs to be mowed, washroom fixtures that need to be replaced, kitchen fixtures that need to be repaired or replaced, any electrical or water leakage that needs to be taken care of, and so on. Make sure that the house is in ready to move in shape so that the buyer does not find any fault or reason to compel you to drop the price.
- Take attractive pictures of your property and post it on the internet on real estate buying and selling sites. Good high-quality pictures would attract more buyers, and more buyers would automatically help in increasing the chances of getting the right buyer.
- Negotiate smartly and smoothly whether it is a real estate agent or the buyers. Do not sound or look like you need to sell the house urgently or you are in dire need of the money you will get by selling the house, even if that just might be the case. Desperation is an easy giveaway, and the smart buyers would easily read between the lines and try to take advantage of your financial situation to lower the asking price.
These are the few things you should keep in mind and do to get a higher price than your property is worth. It would need some research, effort, money, and time to get things in order, but it would be worth it. These few changes can drastically increase the price of the property.
Do Your Research
Before you go in to sell your property, you need to do your research about the current market price in your area. What are the prices other similar houses in your area are bagging, what the asking prices for similar properties in your area are showing online, what are the advantages that your house has over other properties that can help bag you a higher price, and so on. Researching would help you give the knowledge about the property and also help you negotiate well during interaction with the agent or the buyer.
Also, make sure that all your paperwork is in order, all financial obligations over the house are cleared, and all the dues are paid such as house tax, electricity bills, and so on. If there are any legal disputes over the property, make sure to get rid of them before you considering selling the property. You should also consult with the real estate agents and firms in case you have any doubts about the going rates, and can ask them about what can be done to get a better price.
How To Market Your Property To Attract Right Buyers
Marketing needs to be done in the right way to attract more buyers. In the otherwise case, even if your house is well maintained and in good condition, there would be lesser numbers of buyers coming up and showing interest. You need to market your property well to reach out to potential buyers who can afford to pay the price you are looking for.
Most of all, when you are looking for a higher price than what your house is worth; you need to have a lot of patience. It will take a considerable amount of time and effort, but the wait would be worth it. Sometimes finding the higher price is not a difficult task, and sometimes it can take longer. In any case, you need to stick to your price once decided to be able to get it, even if it takes a long time.
Images source: Google, copyright-free image under Creative Commons License
Premium Image source: Bigstockphoto