A lot of first-time home sellers probably didn’t listen to their real estate agent’s advice. And so, after three months, they’ll ask themselves why their homes aren’t selling up, just had few showings and still no offers.
Your agent must have warned you that the market is tough and that buyers are picky nowadays. You have to do some work to your home that could help boost up the sale. Money and time are essential here, so if you don’t have those to do the repairs and updates, better think again.
Here are some suggestions to help you with the situation before that little voice in your head tells you, “I told you so!”
I told you so #1: You overpriced your home.
Do you remember when you didn’t listen to your agent that the price you’re asking is too much? According to washingtonpost.com, “Here’s a real estate fact that every home seller should know: Buyers determine the right price for a property, not sellers. The market price of a home is determined by what an able and willing buyer ultimately pays for it. There are certainly things that homeowners can do to influence buyers’ perceptions of their home’s value and hence increase the price buyers are willing to pay for it. But, ultimately, the buyers will set the price.” So, sit down with your real estate agent and work out a new price strategy to charm more buyers.
I told you so #2: You’ve got too much stuff.
According to thesweetspotblog.com, it is important to declutter your house so it appears to have lots of storage space. Potential buyers want to feel like they can easily fit all their belongings and be well-organized. All built-in cabinets and closets are fair game for potential buyers to inspect. These areas must be clean, neat, and orderly. There are several key areas in your house where you will want to focus your time; the kitchen, bathrooms, laundry room, clothes closets, office and kid’s stuff (if there’s any). Stuff is stuffing, so it will just make your house look smaller, old and storage-deprived. Pack it up and store.
I told you so #3: Repaint your home
Tired, old homes can be given a makeover with a simple fresh coat of paint. This can not only make your property look more modern and appealing, but it can also potentially increase its property value. Both interior and exterior paint jobs can lead to great Returns on Investment (ROIs). A newly painted home will be worth more and it may also attract a higher number of buyers. Pick a nice neutral paint color. Take everything you can out of the rooms to be painted, cover the rest, put on your oldest shirt and start painting. Anything else doesn’t need to be seen by buyers will only drag your home’s value down. And for the cleanest, most efficient painting job, you may wish to hire a professional. They will have the equipment and experience to get the job done right.
I told you so #4: Do those repairs.
These repairs can save you money in the long run – money spent on improvements now will be far less than the cost of that first price reduction if your house sits on the market. Of course, you want your home to be in tiptop shape to set apart from others in the market. According to rankmyagent.com, the three must-do repairs that you should consider are: painting your home, kitchen improvements and refinished flooring. You can also consider those negative feedbacks from the previous showings.
I told you so #5: Stage the house.
It is important to stage your house so it looks open, airy and inviting. Potential buyers should walk into your living room and want to relax on the couch. They might go into your bathroom and want to take a bubble bath. Don’t put office equipment in the bedroom. Set a nice tone for showings by lighting a candle in the bathroom, putting out pretty place settings on your dining table, add fresh flower arrangements, open up the curtains, and light some fire in the fireplace. To stage a house, you should think of these keywords: spacious, personal items, plants, and bath.
I told you so #6: Clean everything.
A thorough cleaning is essential to remove the daily odors and stains of living. Clean everything until it sparkles. Get rid of limescale, clean and repair tile grout, wax wooden floors, get rid of all odors, hang up fresh towels. This will make the place more appealing and allow viewers to imagine living there.
Tidy up the garden: cut bushes back, clean the patio and furniture of lichen and dirt, and cut the grass. While this doesn’t add much value to your home it makes it more likely to sell as people visualize themselves using the garden.
Everybody loves a clean and well-maintained home. If the potential buyers see how you value your home, they will do too.
Source: realtytimes.com, washingtonpost.com, thesweetspotblog.com, localagentfinder.com.au, rankmyagent.com, hoa.org.uk, learnvest.com, nytimes.com
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