If you've held off listing your home for sale because you have been waiting for the real estate market to pick back up, then you are in luck. In most areas of the country, homes today are selling in very little time and for record-setting prices.
To get the best price when selling your home in a hot seller's market, follow each of these tips:
Tip: Make Necessary Repairs and Upgrades to Increase Your Profits
While it is much easier to sell a home that hasn't been upgraded or repaired in a seller's market where inventory is limited and buyers are involved in bidding wars to make a purchase, you still need to make sure your house is in tip-top shape before listing it for sale. This is important because you have the opportunity to really maximize your profits by showing buyers a shiny clean and updated home. Homes that show buyers they have been well cared for and are move-in ready will shine in a seller's market and garner the top sales prices due to multiple offers and bidding wars.
Tip: Depersonalize the Home and Have it Professionally Staged
Even though you love your family photos and mementos from vacations, they must be removed from your home before it is shown to potential buyers. Depersonalizing your home allows buyers to more easily see themselves living in it and building their own family memories.
Since most people aren't terribly skilled in interior design, it is important to have your home professionally staged before you list it. A professional home stager will use some of your existing furniture and add in other pieces with design elements that will make your buyers fall in love with the house and want to live in it.
Tip: Find Your New Home Because You Might Need to Move Quickly
Finally, many buyers in a hot market will come in with strong offers with short closing times in an effort to get their offer approved over others. While this is great for selling your house, it isn't quite as wonderful if you are stressed out because you don't have anywhere to move into. When you are selling in a seller's market, it is vital that you find your next home and put in an offer that's contingent on the sale of your existing home. This ensures you can accept the best offer and move quickly into your next family home.Share