Choosing to sell your home is not an easy decision. After all, it’s your home. But for many people, their home is also the single largest investment they will ever make. And you really don’t want to go through all the trouble of moving and selling something that is worth so much to you — in financial and sentimental terms — and not get the best possible price for it. This article will list some tips you can use to ensure that you get the best possible price for your home.
Research the Market for Comparable Pricing
Take a day and spend it checking out the list prices of other homes in your area. At what price are they listed? How do their homes compare to yours? You must be honest and logical here. If you don’t have a good idea of what other homes are going for, you won’t have a good idea of what to ask for yourself.
Let Price Points Impact your Listing Price
When deciding on a listing price for your home, consider price points. These are the prices and price range of homes that buyers will ask to be shown by their realtor. For example, prospective home buyers are unlikely to ask an agent to see all available houses priced between arbitrary numbers like $391,140 and $393,720. Instead, they’ll tell their realtor their price ceiling and ask to be shown homes below that point.
Therefore, there’s no sense debating whether to list your place for $390,500 or $392,000. People’s price ceilings will typically be round numbers, so it’s wiser to move your price either above or below a major interval, so you might instead knock your asking price down to something like $387,500. This will draw a new group of potential buyers to your listing.
Listing Agents Help you get the Best Possible Sale Price
It is important that you hire a competent and aggressive listing agent. Somebody who knows what they are doing and are hungry to get you the best possible price. It is also important to have a good relationship with your realtor. This might mean offering a bonus to the agent as a sign of good faith and to help motivate them.
Hire a Stager to Make your Home Look More Appealing to Buyers
It might seem excessive or unnecessary to stage your home, but a good stager can make you a lot of money. People rely more on subconscious markers than we realize. To prospective buyers, a good stager will make your home look like their home. They will instantly start mentally arranging their furniture in your living room and will become more attached to the house and thus will offer you a better price to get it.
Following the right strategies and hiring the right team of experts can be the difference between thousands of dollars in your sale price. Spending money on professionals may be a tough pill to swallow now, but it will make you money in the long run.