If you’ve decided to sell your home, you obviously want to get top dollar for it. The value of your home will be affected by a variety of factors, but it comes down to what buyers are willing to pay for it.
Everyone will weigh factors differently, but there are some important ones you can focus on to get a higher sale price. In this article, we explain several things for you to consider to get the most money for your home.
Make Improvements
Depending on the condition of your home, you may need to make some major or minor upgrades. If your kitchen or bathroom looks like it came from another decade (or worse, century), you’ll want to make some fixes before listing your home. This could be as simple as a coat of paint or a more extensive project like a complete remodel. It’s a good idea to go through your home and look at it as a potential buyer would look at it. Make minor fixes and repairs, and consider if your home needs any major upgrades as well.
If you do decide to make major upgrades, make sure you’re getting quality products and work. If you get new windows, make sure you get the best company for installing windows to install them to ensure everything is done as it should be and you’re not wasting your money.
Good Timing
Seasons change, as does the value of your home. Spring is the most popular time to sell or buy a home, as families with kids want to move before the new school year starts. That increased demand can do wonders for increasing the value of your home.
On the other hand, when the market slows in the fall and winter, there are fewer homes on the market and less competition. This can bring more activity, and house hunters tend to be more serious during this time of year than those in the high season. However, if you can wait to list in the spring, that’s what most professionals will recommend.
Understand The Market
Knowing the market in your area is critical to getting a good sale price. If you’re in a buyers’ market, in which there are more homes for sale than there are buyers, you may have to be willing to give a little more on price, as well as other things like inclusions or contingencies.
If you’re in a sellers’ market, where there’s more demand for houses than there is supply available, prices tend to increase as buyers compete for the limited amount of homes available.
Being aware of this information and pricing your home accordingly are key factors to getting the most money for the sale of your home. Working with professionals who can help provide this information and offer guidance will help you get the house sale amount you want.
