Of course you want to sell your home for the most money possible! But how exactly do you make that happen? Here are our top 10 tricks to earn more money on the sale of your home.
1. Use A Realtor
“But if I sell my home using a realtor, I have to pay commission.” We hear you. But according to the National Association of Realtors, the average For Sale By Owner home sold for $185,000 last year while the average home sold with a realtor sold for $245,000! An agent will use their expertise to negotiate on your behalf, earning you so much more money in the long run.
2. Stage Your Property
Buyers have a much easier time imagining themselves in a furnished home. If you’ve already moved out, it’s worth the money to look into a home staging company to help buyers see your home’s potential. If you’re still in the home, it’s time to clean! Declutter and depersonalize the home so buyers can really get a feel for what it could be like for them living there.
3. Boost Your Curb Appeal
We’ve said it before and we’ll say it again — first impressions matter! The inside of your home may be a pristine oasis, but if the front yard looks like a disaster, some buyers won’t even go inside. Repaint your front door in a bright, inviting color, clear away junk in the yard and plant some new flowers. This is an easy investment to make that will earn you more money on your home!
4. Spruce Up Your Paint
Some buyers just can’t get past a loud paint color. You might love your hot pink walls, but only a small portion of buyers will agree. If your walls are a normal color but the paint looks old and dingy, that’s gonna cost you, too! Buyers will pay more to avoid the hassle of having to repaint.
5. Update Flooring
The days of wall-to-wall carpeting are long gone, so if you’re looking to sell your home for top dollar, hardwoods are the way to go! Beyond the obvious aesthetic reasons, carpet can also hold in pet odor and allergens that could put off a potential buyer. If true hardwoods aren’t in the budget, go for a laminate to give you a similar look at a lower price point.
6. Repair Any Visible Issues
If a buyer sees a broken window or leaking sink, they may question how well you take care of your home and what kind of problems the home might have that they can’t see. Go ahead and replace cracked bathroom tile or a misaligned closet door to put a buyer’s mind at ease.
7. Price Your Home Properly
You might think that listing your home for more than your realtor recommends will get you more money. Think again! If you’re working with an experienced realtor, they will know the ins and outs of that neighborhood and will look up other home sales in the area to know exactly what fair market price is for your home. You’re paying them to know these things, so be sure to take their advice! A home that isn’t overpriced can have the potential for multiple offers, driving up the price of the home to even more than you expected. An overpriced home can sit on the market for longer, costing you more money in the long run.
8. Upgrade The Kitchen
If you want a renovation that will earn you more money in the long run, the kitchen is the way to go! Buyers want to see stainless steel appliances, granite countertops and soft close cabinets. This may be a large chunk of change on the front end, but if you do it right, you’ll increase the value of your home significantly!
9. Market Your Home Well
Gone are the days of just putting a For Sale sign in the yard! Sellers who want to earn more for their home should look for a realtor with excellent marketing skills and a promise to create a great online presence for your home. So many buyers are looking online now for their homes, so to get the best bang for your buck, you need to choose a realtor with the ability to get it seen by the most people!
10. Choose The BEST Offer Not Just The Highest Offer
If one buyer is offering you more money but that money is contingent on their home selling, you might be in a pinch if something goes wrong in the sale of their home. A cash buyer won’t have anything standing in the way of buying your home, and oftentimes you will close very quickly. It might not be more money at first glance, but going with the cash offer can save you a lot of money and potential for heartache in the long run!
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