Are you planning to sell your house for cash? Wondering how you can maximize your profits? Selling your home is an art – you can learn how to negotiate top dollars for your property without sinking too much money on renovating it.
In this post, we’ve gathered the best home-selling tips and tricks from the top realtors in the field and compiled them into a list to help you derive maximize your returns with minimal investments.
Time It Right
It may seem straightforward, but homeowners often fail to time the market. Certain times like spring to early summer are the best times to sell a home. On the other hand, the year-end holiday season, Thanksgiving and Halloween, are considered the worst times to sell a property as there is very low demand. Time the sale right to increase the selling price and, ultimately, your profits.
Spend On The Right Renovations
Spending money on high-quality renovations helps you recoup more profits when it’s time to sell. The challenge here is identifying the right renovations that give you maximum returns without costing an arm and a leg. For example, when choosing between a kitchen or bathroom renovation, it’s better to go with the kitchen upgrade as it is likely to fetch you better returns. This is because a modern kitchen with the latest amenities is more likely to appeal to the family market, increasing the demand for your property.
Appeal To The Maximum Number Of Buyers
When renovating your home, you need to make sure that the upgrades appeal to the masses. For example, you may prefer painting the walls in bright neon colors. However, most people prefer a more neutral and muted color scheme. So, while renovating, keep your quirky preferences to yourself and try to upgrade the house so that it appeals to a larger set of buyers.
Let There Be Light
The easiest way to make your rooms appear bigger and brighter is to let in the sunlight. Take down the curtains and window treatments to allow natural light to flow into each room. If a room doesn’t receive enough natural lighting, place strategic floor lamps and desk lamps to make the room appear brighter and bigger.
Hook Buyers With The Right First Impression
First impressions matter. However, that doesn’t mean you have to spend thousands of dollars renovating the entrance of your house. With a few smart fixes, you can create the right impression from the front door. Start by giving your front door a thorough clean and ensuring that the doorbell is working. You can even add a fresh coat of paint to the front door. Tidy up the curb, add a couple of colorful potted plants, clean the driveway to create the best impression as soon as a buyer steps on your property.
You must understand the local real estate market trends to maximize your profits. Overpricing your home may leave you without any buyers, and underpricing it is akin to leaving money on the table. So, make sure to research the recently sold properties in your neighborhood. Check out their features and sale price to get an idea of the current market value. Finally, remember that the highest offer is NOT always the best offer. Make sure to consider other factors like closing costs and additional fees to choose the right buyer who offers you the maximum value. Are you a realtor with years of experience and expertise in the market? Interested in contributing to our real estate agents blog? Get in touch with our team to find out how to submit a guest post to benefit our readers.