Getting Top Dollar Selling Your Home
When it is time for selling your home you would want to get top dollars for it. You are not alone; it is the dream of every homeowner to get the top price from the sale. While this is possible, it will not come to you while seated. You have to know a few tips and tweaks of selling your money for the maximum value.
Seems it is your lucky day because here are 4 tips to maximize your home’s sale price:
Sell during the off peak season
I know you would instantly dismiss this tip. But wait until you get the logic behind it. During the off peak season only a few properties are in the market. Most homebuyers have had bought homes during the peak season. But you guess right; there are a few buyers who missed their preferred home during the abundant season. They will be desperately looking for a home to buy. Since there are a few homes in the market, prices will slightly be above the normal cut. You see, you will smile all the way to the bank.
Get help from a real estate expert
You would immediately discard this tip as counter intuitive. After all, you will have to pay a commission to the real estate agent. Why not go it all on your own and pocket the entire sale amount? The truth is you will make way below the median price if you sell your own home.
From statistics released by the National Association of Realtors, the median price for homes stood at $185,000 for the better part of last year. However, on noting that the home was listed as For Sale by Owner (FSBO), the median price took a nosedive to as low as $163,800.
At the same time, a home being sold through a real estate agent fetched a high median price of $245,000. A quick math would show that you would be making an extra $60,000. The writing is on the wall. Do you need further convincing why you should sell your home through a real estate professional? No, you don’t.
In the Okanagan Valley prices have risen quite quickly over the past 5 years and with that many owners still attempt to sel by owner and continue to leave money on the table. If you have property in Kleowna BC this is the website you want to look at http://www.okanaganbc.com
Leave behind some good stuff
You have probably heard about closing credits. However, they are too common and every homebuyer expects them anyway. They do not really set your home apart from the others in the market. But there is one way to put your home at the top of the demand curve. How about leaving a few personal things that the buyer in this price range would not afford? Think of a golf cart (if your home is close to a golf course), stainless kitchen appliances or a plasma TV. This is one genius hack to get more than the value of your home.
Price your home slightly below the market rate
“No way I’m going to do this”- You must be thinking. Many homeowners would actually react the same way. The common belief is that pricing your home a little higher leaves you adequate room for negotiation. What you did not know is that it will greatly “kill” the demand for your home.
Why not try setting your price lower than the market expectation? You will be overwhelmed with bids from buyers who feel this is a great deal. Instead of negotiating for a price, you have maximized on demand. The buyers will try to outmatch each other. You will end up getting bids higher than the market price. It is just a psychological tact that will greatly work in your favor.
It does not take a genius to sell a home for above-market price. With the right tactics and the guidance from a property professional, you will get more than you ever imagined. Hopefully, these tips will come in handy the next time you are selling your house.