Selling your home is a huge step towards getting to move on to the next exciting phase of your life, whether that’s buying another home or retiring. Today’s market is a wild and constantly changing target that’s hard to pin down, but the good news is that it’s a great time to sell a home.
These are the top things to know if you’re selling your home and why now’s the time to do it.
Selling a Home Isn’t Free
When you sell your home, there are tons of tiny costs that pop up and make sure you don’t leave with the full price. From your agent charging three to six percent of the home’s value to the cost of inspections, fixing up the property, and tons of other taxes and fees, you’ll quickly realize it’s expensive to sell a home. Take a look at a seller closing costs calculator to find a realistic look at how much it might cost you.
You Can Add Value to Your Property
Every property can have value-added. Whether it’s through adding curb appeal or updating your kitchen and bathrooms, you can add value to your home and change how people view it. Take the time to at least deep clean your home inside and out, add a fresh coat of paint, and fix any glaring issues: these can add far more value than you’d expect.
Many Homes Are Selling Within a Week
Many homes in heavily populated areas are selling within a week. This is leading to buyers having to set a date within seven days of listing their property, where they’ll stop taking offers. Although this is exciting, it’s vital that you make sure you don’t accept an offer simply because it was the first to pop in. Give your property a few days to gain good interest before settling on a buyer.
Staging Your Property is a Must
Although you may assume staging is a waste in today’s market, it can still add value and help your property get scooped up faster. Staging allows buyers to picture their lives in the home more easily and gives you a competitive edge against owners who leave their properties empty when it’s time to sell. Make sure to get rid of any personal touches and make the property welcoming to anyone who could want to buy.
Your Location Does Matter
Where your home is will change how much it’s worth. Properties in more populated areas are often worth more, but in many cities, your zip code can be the difference between hundreds of thousands of dollars.
Consider your location, whether or not there’s an HOA, and what there is to see and do near your property. Looking at comparable properties will help you find a price that suits your property and gives you the chance to know what to expect.
Every Property Can Sell In the Current Market
Whether you’re selling a home you’ve had for over fifty years or one you’ve only had for ten: you can sell it in today’s market. Keep in mind all of the ways you can add value to your home, and seal the deal soon!