The challenge of a seller’s market is that it can lull you into a false sense of security.
It’s easy to adopt a relaxed attitude in the belief you’ll have no problem selling your home.
Unfortunately, that mindset rarely achieves the best possible price for your most important financial asset.
Remember that selling in today’s market also means that you’ll have to buy in the same strong conditions. If you’ve only put in a 75% effort with the sale of your property, you might not be able to afford your next dream home if that owner has pushed the boundaries to get a great price.
As an experienced agent in your neighborhood, I see another issue in a hot market.
If your home has not attracted an offer in the first few weeks, buyers are likely to back off. You may have to reduce your price or rethink your approach, and that’s frustrating and expensive.
Even in the hottest markets, houses, condos and apartments do not sell themselves.
Below are five top tips to maximize the value of your home and put yourself in the best possible position for your next purchase.
Agent alchemy
You must take time to choose the right agent. In a strong market, you want someone with experience, proven negotiation skills, marketing knowhow and an eye for detail. Find someone who’s a generous communicator and committed to your success.
Price it right
Research homes similar to yours in the area. Focus only on those of comparable style, size and condition. It doesn’t do any harm to attend some viewings to check out the competition. If you overshoot on price, your home won’t turn heads and is likely to languish on the market.
First impressions count
Your home needs curb appeal. If it looks hot from the street, it sets the tone for everything the buyer is about to experience. A cruddy exterior drives people away. Consider landscaping the front garden, repainting and cleaning windows.
Bright as a button
A great sale depends on you decluttering, letting in the light and being open to ideas that might require spending a few dollars to reap the reward later.
Style and substance
Folks tend to be more enticed to buy a “home” rather than an empty shell. So, even if you’ve already moved out, make sure the property is furnished for viewings. Stylists can stage your interior, renting appropriate furnishings to put your property in the best possible light.
If you would like any more information on maximising the sale price of your house or finding your dream home, please do not hesitate to contact me. We can discuss local property trends, negotiation strategies and how we can help you find your new home.