6 Easy Tips in Selling your Residential Property in Today’s Market

Posted: August 14, 2012 in Home Organization Tips, Real Estate Tips
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In today’s declining market where supply is greater than the demand, an individual can sell a home faster by reducing the price. However, aside from lowering the price, there are other ways to improve your home’s attractiveness and market value. If you are looking to sell your house in this cool real estate market, here are a few handy tips on how you can generate interest and get the best price for your home.

Differentiate your property from the neighbours.

Make your home more memorable and attractive by adding custom designs or additions, such as high grade windwows, an updated Timberline roof, or perhaps a new landscaping. Aside from improving your property’s aesthetics, this also adds value to your home. Any home improvements or renovations should use designs and colors that appeal to a broader audience. It should also compliment your house and other amenities, such as a patio or deck in front of a swimming pool. In this cooling real estate market, you should take advantage of each small edge that you can get.

Clean and de-clutter.

Make sure you remove all clutter from the house before even showing it to potential buyers. They may have to take pictures of the interior. Remove unnecessary furniture to make the room bigger. Put away any personal items and family photos in the living room. You can also hire a stager to help you maximize the use of space inside your house. Although staging costs may be quite expensive, it is a worthy investment. A lot of homeowners feel that stagers can make their home more marketable and appealing, so make sure you choose the right professional for the job.

Spice up the deal.

Offer potential homebuyers terms that can sweeten the pot. For instance, sellers that provide a few thousands of dollars toward closing costs may receive more attention from homebuyers who are searching for similar homes. You can also offer a transferable home warranty, which costs around $350 for a whole year policy and covers appliances failure such as refrigerators and conditioners.

Enhance your home’s curb appeal.

More often than not, homeowners overlook the significance of a home’s curb appeal. The initial thing that a buyer sees is your home’s facade and how it fits to the neighborhood. Your exterior should have a fresh coat of paint, and make sure that the lawn and bushes are well manicured.

Prepare your home in a “move in” condition.

Although aesthetics are important, having appliances, doors, and plumbing/electrical fixtures with the latest building codes is also crucial. Give homebuyers the impression that they will be able to move in as soon as possible.

Price your home right.

Regardless of how well you stage or improve your home, it is important that you set an appropriate price for it. Ask a realtor, read newspapers, or check out sites like Trulia.com and Realtor.com for prices of comparable homes in your neighbourhood.

Selling a home in a declining real estate market needs a little extra work. Post ads on free home owner listings online. Keep your home in excellent shape and be prepared to make a few concessions at closing. The said tips along with an attractive price increase your home’s odds of getting sold.


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