The time has come to sell your home and you want to get the best price for it. Now, the reasons for the sale might differ – maybe you’ve outgrown your home, or maybe you need to move for a new job.
Either way, one thing is almost always clear when homeowners put their home on the market they want to get the most money they can. It doesn’t matter if the market is going up or coming down; owners will only consider a sale to be successful if they walk away with more money they thought they would get. With that in mind, here are some tips for house sellers in Savannah who want to get the best price.
Let’s Start with the Do’s
It doesn’t matter if you are in St. Louis or Savannah, to sell your house fast, you need to start with some of the basics of home selling. Not only will these tips help you to get the most money but they make the process go much smoother.
For starters, you need to know your market. Unless there is something extremely special about your home, it is unlikely that you will be able to sell it for twice what the other homes in your neighborhood are worth. As such, the first step happens before you even think about putting your house on the market – that is to know how much your home is worth.
This can be accomplished by looking at the sales price of similar homes in your area and then adjusting for differences and age. If you are not sure where to get this information, then you can talk to your real estate agent.
Knowing this information will give you an idea of how much you can list your home for, it will also give you an idea of whether housing prices in your area are rising or falling and how long you could expect your home to be on the market.
For homeowners in Savannah, they have been fortunate as housing prices have largely recovered from the depths of the recession. However, this doesn’t mean that you should take fact for granted as each neighborhood has its own factors which will determine price trends.
This could include things like distance to the town center, the quality of schools and parks, as well as other services which contribute to the desirability of the neighborhood. On top of this, we should look at the relative size and condition of the homes in the area – as well as the percent of homes that are owner-occupied compared to rentals.
Beyond this, you want to look at the key features of your home that will help to determine its value. This includes items such as livable and usable space, number of bedrooms and bathrooms, amenities, and even the condition of the home. While these variables will impact a home’s value, the relationship relies more on demand than anything else – this will bring us to one of the don’t near the end of the article.
Besides knowing the value of your home and its key features, you also need to focus on what is known as ‘curb appeal’. This is how welcoming a home appears when you first pull up to it. While you might think that this is a relatively unimportant factor when it comes to getting the most for your home, you would be wrong.
In fact, the best real estate agents specialize in prepping homes in such a way that it blows away anyone who comes to look at it. Besides curb appeal, another trick is what is called ‘staging’. Think of staging as setting the scene and while you don’t want to overdo thing, a little creativity can go a long way.
Now the Don’ts
When it comes to getting the most for your home, the biggest don’t is to NOT REMODEL. That’s right, don’t put in that new kitchen. While this might sound counterintuitive, it does make sense.
A new kitchen or a completely revamped master bedroom will be something that you will do for yourself. By undertaking a major renovation shortly before selling your home, you are basically tying both hands behind your back.
First, there is the expense of paying for the renovation – all of which you hope to recoup when you sell the home. Second, is the fact that what you are looking for might not appeal to most buyers. This could make it harder to sell your home and possibly put you at a disadvantage during negotiations.
Another big don’t when it comes to getting the most for your home is that you don’t want to be home when a potential buyer stops by for a visit as this could make for some awkward moment. Besides this, don’t over-personalize the décor. Again, you want your home to appeal to as many people as possible and over-personalization will make this harder to do.
There you have it, some tips to get the best price for your home, now go out there and make it happen.