Do You Want to Sell Your Home for a Good Price?

December 26, 2009

Property is an investment and like every investment you can make or suffer loss on your home. You can usually make significant money with your home when you sell during a seller’s market and your property is in good repair with plenty of the improvements that homeowners are looking for. Alternatively, it is easy to make very little income, or even suffer loss, when you try to sell during a buyer’s market and your home could use some shaping up.

Nonetheless whether it is a buyer’s market or seller’s market your own sweat equity and the help of an experienced real estate agent you can receive the best price possible for your house

Earn Good Money for Your Property with Repairs, Upgrading and Staging

Just as you would not pay top dollar for damaged goods, home buyers will not pay maximum prices for worn-out homes in disrepair. In order to get the most money for your house, you must make sure your home is repaired, renovated and staged according to your budget prior to putting it up for sale.

First, focus on making sure your home is functioning properly. Repair or replace faulty plumbing and electrical systems, water fixtures, windows and roofs. Home buyers do not want to purchase a property that may be unsafe or one that requires extensive work. After that, move on to the convenience improvements. While improvements like appealing light fixtures, new appliances and countertops and flooring made of quality materials do not have to cost a fortune, they do reduce the number of things the home buyers have to bother about doing themselves. Lastly, smarten the place up. A neat home with fresh paint, nicely arranged furniture and a perfectly groomed lawn help stages a home for prospective home buyers.

It may cost a bit more than you want to put out, particularly since you will not be residing in the home anymore, but generally prudent money invested in your home will give you a good return.

Let a Realtor Help You Market Your Home

While following the FSBO path (”For Sale by Owner”) can save you some money in the closing costs, employing an skilled real estate agent can actually help in getting the best price for your home. Not only can a real estate agent place your home on the Multiple Listing Service (mls), thereby increasing its exposure, but a realtor is also aware of the homes currently on the market and can give you tips on the types of repairs and upgrades you need to make to get your home on par or better than the rest.

A real estate agent can also make sure your home is promoted expressly to people who would most prone be interested in the kind of house you are selling. For example, if you are putting a condo up for sale, your realtor may present your property to singles or newlyweds looking for low-maintanence rather than to large families looking for extra square footage. Alternatively, if you own a five-bedroom estate with a casita and luxury swimming pool, your realtor will probably focus on more established and prosperous home buyers rather than those looking for first properties. Being familiar with to whom you should market your home is more efficient and earns the best price.

Karen B
http://www.articlesbase.com/real-estate-articles/do-you-want-to-sell-your-home-for-a-good-price-675743.html

One Response to “Do You Want to Sell Your Home for a Good Price?”

  1. The Turk Says:

    Is this a good way of fixing a selling price of your home when selling on your own?
    Let’s say my house is appraised at $200k and that’s the MIDDLE OF THE WINDOW. I figure by selling on my own I save $12,000 in fees so I drop the price to $194k and I and the buyer both come out ahead. Now I realize finding a buyer on my own is tough but how’s the price? Fair?
    Let’s say $200k is the lowest I would accept.

Leave a Reply