How to Sell Your House for the Most Money
Buying a home is one of the most major financial investments you will make, so it’s no wonder that so much time is spent tracking mortgage rates, studying how much house you can afford, the ideal location, and even the sorts of properties that can make good investments.
To sell your home for the most money, you should first understand local market trends, the total cost of selling a home, and the best method of selling to meet your goals.
Keep in mind that the highest offer will not always leave you with the most money, and you will not always be able to cover the losses of major renovations. Here are some pointers to help you sell your house for more money and receive the best offer possible.
MAKE SURE YOU CAN AFFORD TO SELL
When it comes to selling a home, it’s easy to get caught up in the 5-6 percent that’s generally paid in real estate agent commissions. However, when all other fees are considered—closing charges, seller concessions, maintenance and repairs, relocation and house overlap costs—the entire cost of selling might approach 10% of the sale price.
Working with an agent will help you have a better idea of how much you can expect in profits because they are well aware of current market conditions and the value of your house.
WORK WITH A REAL ESTATE AGENT
The housing market is difficult to forecast, you will greatly benefit from professional advice and assistance from a real estate agent. A local real estate agent can help you get the most money out of your home sale and maybe a valuable asset while understanding the ins and outs of the selling process. Your real estate agent may also help you with staging, marketing, negotiating, and getting up to date on local market trends and laws.
SET A REASONABLE ASKING PRICE
Nothing turns off potential homebuyers more than an overpriced listing. Finding out how much your home is worth and researching real estate comps in your area to figure out how to price your home for the market are good places to start.
That way, you’ll have a general idea of what properties in your neighborhood are selling for. After you’ve done your homework, having a real estate professional on your side can help you sell your property for more money. Request a comparative market analysis (CMA) from your real estate agent, which can help you in determining a suitable price based on sales of similar properties in your area.
CHOOSE THE RIGHT TIME TO SELL
Listing your home for sale at the perfect time will help you maximize the sale price, so think about which month may be the greatest time to market your home. For good reason, spring is often regarded as the greatest season to sell a home.
Also, sell when you have enough equity to pay off your existing mortgage, the fees of selling, and the costs of relocating. Eventually, you’ll have to pay for many of these costs.
MAKE HOME RENOVATIONS
Repairing and renovating your kitchen or bathroom is one of the best ways you can do to enhance the value of your home. There are also low-cost home improvements you can do, like replacing your front door, repainting the walls, or keeping up the yard.
Don’t forget to do a thorough cleaning of your entire home. That will go a long way. A clean and organized house has a greater perceived value than one that requires maintenance, which can help you sell your property for more money.
At the end of the day, you can find several things that will help you to sell for a higher price. Keep in mind that the highest price isn’t always the best offer. Message me for more information about buying and selling homes. Start the process with me!