So you have finally decided to sell your home. Congratulations! This is a big decision, and it can be both exciting and stressful. One of the most important things to do when selling your home is to ensure that you are prepared for the process. This means understanding the market and your competition and pricing your home correctly. Ron Parpara, PREC – Vancouver Realtor, is here to help you understand the market and price your home correctly. As a top real estate agent in Vancouver, he knows the ins and outs of the market and can help you get the most for your home. When selling your home in a competitive market, it is crucial to understand the market conditions. Below are tips to help you understand the market and price your home correctly:
Don’t Underestimate The Market
Listing your house at the wrong price may not only result in a bad sale but might also damage your reputation. Even if house demand is high, you can’t just set a price and sell. If you charge too much, you risk losing buyer interest. You could lose out on potential profits if you price it too low. Once you’ve priced your home correctly, you’ll most likely receive many interested buyers who will make bids.
Although an increase in houses being put up for sale is a good sign, it also means there’s more competition. One way to ensure you’re getting the best deal and correctly following all the steps of selling your home is by working with a realtor. They will help you list your property at a fair price and guide you through every step of putting your house on the market. They are always available to answer any questions so that selling your home is as stress-free as possible.
Make a Good First Impression
A first impression is long-lasting, and everyone discusses curb appeal. Keep in mind that your real estate agent is your advocate. They will be aware of the necessary modifications and upkeep that need to be carried out to accommodate showings. Put your faith in them; they know exactly what needs to be done for your house. But some of it is straightforward, and the front door is particularly crucial.
When a real estate property is first shown to a potential buyer, it’s often in this room that they will make their move. This is the place where a potential buyer will initially enter the house – and likely wait for some time to inspect it. Do this ahead of time and stand right in front of the door, looking up and all around at home from all angles; cobwebs may be the first thing greeting a potential home buyer, so this location must provide an excellent first impression. Make sure any extra dirt and filth have been removed, the door appears brand new, and any interior decorating is attractive, not damaged or old.
Do Not Overprice Your Home
Many people emotionally connect to their homes as it holds sentimental value. However, this can make homeowners biased about changes they make or the market value of their homes. For example, someone who’s lived in their house since the 70s might find the wallpaper or the wood paneling outdated, and consider redecorating it to a more modern style. However, making modifications may be difficult when you’ve made many memories in one location. This is why having a real estate agent objectively evaluate areas where you could make improvements to your house might be beneficial.If you’re in the resale process, the renovations you did to your house ten years ago don’t represent current market standards, especially when there’s nothing but new construction around you. Once you’ve done any modifications or improvements, you might want to list it at a higher price than previously. A renovation loan might help with larger home repairs like a kitchen makeover.
A Picture Is Worth A Thousand Words
Photography and videography are essential when marketing your home online. The National Association of Realtors found that more than 90 percent of home buyers begin their search online, so having high-quality visuals of your property is crucial. Your agent will likely push for you to prepare your home for pictures and videos so that they can be posted on websites in the best possible light. Whenever potential buyers are scheduled to tour your home, ensure that all rooms appear presentable in the pictures. This includes having no trash lying around and neatly made beds. Furthermore, always keep your home staged, as you never know when someone might want to see it.
Keep An Open Mind
When you’ve decided to sell your home, you might have an idea of the perfect buyer in your head. Maybe they have kids the same age as yours who will love the treehouse in the backyard. However, you can’t be too picky when selling your home. The bottom line is that you want to sell your home for the highest possible price in the shortest amount of time. This doesn’t mean that you should accept any offer that comes your way. You still have the right to negotiate and counteroffer if you feel the initial bid is too low. However, you should at least be open to the idea of who might be interested in buying your home.
Selling your home can be stressful, but following these tips can help you get the best possible price for your house. Working with an experienced real estate agent will also ensure that your home is marketed to the right people and that you can sell it quickly. Don’t worry; if you follow these steps, you’re sure to find a buyer in no time.