April 15, 2023
In the current housing market, we are seeing a shift from the days of multiple offers, bidding wars, overpriced listings, and rock-bottom interest rates. This correction means sellers must find innovative ways to maximize their sale price. To help sellers, we created a list of ten tips to sell your home for top dollar.
When it comes to home improvement projects, it's important to invest in those that offer the best return on investment. For example, while a kitchen remodel can cost tens of thousands of dollars, the likelihood of seeing a return on that investment is low.
Instead, consider making minor upgrades like painting cabinets and replacing outdated hardware and countertops, which cost less but can still increase the value of your home and offer a good return on investment.
You may consider motion-sensitive outdoor lighting, automatic garage door timers, and phone-activated security systems to be unremarkable, but they can actually make a significant difference in how prospective buyers view your home. Be sure to talk about these extras in the listing description.
Giving your home’s curb appeal a boost doesn’t have to come with a hefty price tag. Subtle upgrades like replacing your mailbox, installing outdoor lighting, trimming your hedges, edging your lawn, and adding flower boxes to your windows can make a big impact without breaking the bank.
It may be tempting to pay your realtor to take photos of your home to save some cash. But the upfront cost of paying a professional photographer is almost always a solid investment. Professional photographers have an eye for detail, know lighting, have the right equipment, and will use angles that showcase the best side of your home.
Staging your home is another way to sell your home for top dollar. Start by decluttering and de-personalizing your space. Remove family photos, religious items, and excess furniture and belongings—especially in the house's main living areas. Make your home look spacious, well-lit, and inviting.
Unless you're selling a high market-value home, most realtor listings begin and end with photographs and a listing description. But giving prospective buyers a video tour of the property is an inexpensive, novel way to bring your property to life and is well worth the effort.
Getting your own home inspection will ensure you identify any issues or repairs that will be flagged on the buyer's inspection report. By obtaining your own inspection, you can prevent surprises and delays and potentially increase the value of your home.
As a homeowner, you have insider knowledge of the local neighborhood that can help make your listing stand out from the competition. Consider including information on nearby amenities, such as popular coffee shops, restaurants, or other attractions.
Since the days of bidding wars are coming to a close, it’s time to set realistic listing prices. Overpriced homes are likely to sit on the market, which can negatively impact buyer interest. If a home sits on the market for a long time, buyers may assume there is something wrong with the property. Set realistic prices, and you will attract qualified buyers.
These ten tips to sell your home for top dollar can help you make your dream home a reality, regardless of market conditions. Contact The Selby Team to get started on selling your home and finding a new one.
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