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HOW TO SELL YOUR HOME FOR MORE MONEY :

  • pamilagrace9
  • Oct 22, 2024
  • 3 min read

Updated: Oct 23, 2024

Two identical properties could go up for sale at the same time and you would get two different results. Here is how to make the most money selling your house.




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Tip #1 - Interview multiple Real Estate Agents


This first tip is the most neglected. More often then not people hire the first agent that comes up. Whether it be your first google search or your uncles cousin twice removed that got his license because he wanted a career change but never acted on it. Agents do not just open the door to the house. These are the people that are going to negotiate ways to make you money, negotiate where you'll be able to save money, protecting your money from opposing agents trying to do the same for their clients and doing it all LEGALLY and with complete TRANSPARENCY to you.


Interview multiple agents and do not compromise your standards and ethics. It is reported by NAR, people who hired an agent sold their homes at a higher list price and had a more favorable deal.


Tip #2 - Pre-Listing Inspection


On average a pre-listing inspection cost about $340. Why? You'll no what repairs the home needs and how much it will cost to repair. Inspections carried out by buyers during escrow is a huge area to negotiate while in escrow. Go ahead and replace those fire detectors, holes in the walls, give it a fresh coat of a light neutral paint. As for big repairs clients will ask for you to pay to have them repaired. But you'll already have a quote on what repairs will cost and can negotiate down from there.


"Prepare for the worst, expect the best."

Tip #3 - Do NOT Overprice


One of the biggest mistakes homeowners make when selling their homes is pricing them too high. Even if you invest a bunch of money in repairs and upgrades, your home will only be valued for so much.


Appraisers go by what the numbers tell them, not by how impressive your upgrades are, so they’ll evaluate your home against nearby comps to determine your home’s appraised value.


To come up with an accurate price, your real estate agent will prepare a comparative market analysis (CMA). This analysis compares recent sales of homes similar to yours in location, size, condition, and features. Based on that CMA, your agent will help set a realistic price that won’t turn off would-be buyers.


Tip #4 - Deep Clean and Declutter


Did you know that if you deep clean and declutter your house, your home’s sale value could increase by an average of $8,000? That sounds crazy, but when you think about it, it’s pretty apparent why. Buyers don’t want to buy a dirty, cluttered house. It’s as simple as that.

As you’re cleaning, you should go through all your stuff and cull the excess. The name of the game here is to remove the personal touches and clutter so that you’re presenting a home that buyers can see themselves living in, and not you.


Tip #5 - Curb Appeal


This is what buyers will first see of your home before they even get out of their car. Don’t forget to clean and declutter outdoors, too. It will improve your curb appeal — making a great first impression and drawing in more buyers.


A Piece from P:


Get a pack of pre-made cookie dough and pop those cookies in the oven before your home is shown to buyers. Your house will over flow with that fresh baked smell with little to no work. Psychologically buyers will be met with the comforting scent, automatically thinking of home and fond connotations.

 
 
 

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