When it comes time to sell your house, you certainly want to make sure you get the absolute most you can for the time, effort, and money you have invested over the years. To put you one step closer to making that goal a reality, here are 5 tips to help you get at least 10% more on the sale of your house in Miami.
Price Competitively from Day One
Nothing can tank interest in a home listing faster than an asking price that is unrealistically high, and pricing too low can scare off buyers thinking you’re hiding something.
To ensure you’re pricing your home appropriately, you first need to do some basic research of your local market. The best way to accomplish this is to look at the closing prices of similar homes in your neighborhood over the last few years. Agents and appraisers do the same thing to help establish estimated property values and pricing.
This data then gives you an idea of what is viewed as an acceptable market value for a home of your size in your area. You can then make adjustments to your asking price based on the features and condition of your home.
Timing Is Everything
It’s no secret that for-sale homes hit the market in the spring, and that’s because the demand for homes increases substantially once the weather begins to warm up.
Being sure to prepare your home for sale in the late winter so that it can be on the market in early-to-mid-spring will likely have a positive impact on both the money you get for your home as well as the speed with which offers begin coming in.
An important note to make is that because of this timing you need to be ready to hit the ground running by tidying up your landscaping as soon as the weather allows it.
The Little Things
For some homeowners, it can be tempting to go big with renovations prior to hitting the market, and this is almost assuredly a serious mistake.
Buyers do like properties in magnificent condition, but they also like the opportunity to make a space into their own. By jumping on a major kitchen renovation before the sale of your house, you could end up shooting yourself in the foot in terms of both your home’s attractiveness to buyers and your ability to recoup the costs of the renovation.
If you’re looking to spruce things up because they’re feeling outdated, keep it small and simple. Changing out doorknobs, outdated lighting fixtures, and cabinet pulls will go a long way compared to sinking thousands into new appliances, countertops, or flooring.
Lean on a Professional
The extra resources brought to the table by a qualified and experienced real estate professional cannot be touted enough.
They have the local market knowledge to price your home competitively, marketing connections to get the word out, and skills to keep negotiations professional and make them a snap. Your agent will also come equipped with networking contacts to assist with any complications that may arise.
Meet with multiple agents to find the right one for you, and don’t be afraid to make them work for that sale.
Offer Details Matter
After you start getting offers from buyers, it’s easy for excited sellers to get caught up in the offer total and lose sight of the additional components.
A buyer’s offer consists of a few things, including price, contingencies, and timeline. You may discover that the highest offer you receive on its face turns out to potentially cost you thousands in repairs, and an offer that seems lower on its face will net you more because it lacks those same contingencies.
Finally, don’t forget to pay attention to any requests for closing by certain dates. You want to be sure you have your new home all lined up and ready to go once your sale closes.
Your Partner in the Sale of Your House in Miami
If you’re looking for an experienced, knowledgeable team to help with the sale of your house, contact us today at 706.870.1496!