Are you planning to sell your existing house before you move? Well, it can be overwhelming for you to manage both processes simultaneously. It’s normal to want to get the best price for your house. After all, you’ll need as many dollars as possible for the purchase of your next home. So how exactly do you do that?
On the buying side, it’s smart to plan ahead. Get some estimates on moving costs and other expenses. Consider contacting Pricing Van Lines as part of your plan. Having a quality moving company on your side will relieve a great deal of stress.
Switching back to the selling side, think about each part of the process separately. Make a plan and follow it. I have got some practical tips to help you do this. Looking to get the best price for your house? Take advantage of the wisdom of experts in the field.
1. Find a Top Real Estate Agent
The first step might sound simple but it’s not. Having a top real estate agent to guide you through the entire process is key. The local agent will likely know the answer to your questions before you even ask them.
The two key questions to answer are:
- Does this agent have extensive experience and expertise?
- Are they a trustworthy person who is looking out for my best interest?
Finding the best person to be your real estate expert will go a long way to accomplishing your goals. They will even help you in the following areas.
2. Know the Value of Your Property
If you want to get the best price for your house then you need to know its current value. Without this value, you can’t set a strategically smart asking price for your home.
Keep in mind that you’re not selling a small household item. Instead, you’re selling one of your most valuable assets. So, make sure to know the value of your house before you decide on the final selling price.
Estimating the value of your property is a straightforward task that your real estate agent should be very familiar with. They’ll create something called a Competitive Market Analysis (CMA) that uses “comps” to come to a market price. These comps are homes that are similar to your house that have sold recently in your area.
Make sure you ask your agent lots of questions. Even throw in some homes you’ve seen that have sold to see if they would be good comps. Understanding the “lay of the land” will help you chart your selling strategy.
3. Get Rid of Junk
Ensuring the best selling price depends on how you present your house to potential buyers. Most buyers are looking for a home that’s picture-perfect—move-in ready! That’s simply not possible with junk all over the place.
Think about your home from their perspective. Try to make the spaces in your home look like those you see in magazines, websites, or on HGTV. This is your time to declutter your house and don’t forget to clean! Also, think about donating some items that you no longer use to charity.
The process of decluttering is essential. It’s a lot of work but potential buyers will take note and it will go a long way to help you get the best price for your house.
4. Consider Minor Renovations
Consider minor renovations that will make your house more attractive to potential buyers. Your agent can help guide you with this process as well. The best projects are ones where you take a big negative and turn it into an amazing positive.
Rooms to focus on are bathrooms and the kitchen. Surveys have shown that they are most carefully critiqued rooms by current homebuyers. These rooms might cost more to update so be smart about it. Additionally, you’ll never go wrong with some new paint.
5. Online Promotion
Today’s homebuyers are online. Gone are the days of listings in newspapers or paper booklets in grocery store atriums. Now everything is digital.
Obviously, the agent will put your listing on the local Multiple Listing Service (MLS). This is the database that serves your home’s surrounding areas. But beyond this, your listing should be syndicated to all the top real estate websites. Here’s a list of a few of them:
There are a ton more but those are the big ones.
Then ask your agent what plans he has for online promotion. Will he run ads on Facebook? Buy ad space on Adwerx? Promote your home on other websites?
There is a myriad of online outlets these days. Some are great. Others are not. Delve into the cost per reach as a performance indicator of whether spending dollars online will be worth it.
Looking to get the best price for your house is the goal of almost every home seller. And there is competition out there. But hopefully, you’re now better prepared! I wish you all the best and if I can help you sell your Louisville home, please contact me. I’d love to be your Realtor.