What do all home sellers have in common?
Undoubtedly, you want to bank a tidy profit after selling your property. It's also a plus if it finds a buyer as soon as possible.
Selling your Troy, OH, home is a big decision, but maximizing your returns is an even bigger task. Thankfully, we have put together a couple of practical home selling tips and insights that will have you smiling to your bank!
Let's get started:
Understand the Troy Real Estate Market
Every real estate market has its micro conditions that affect property prices. Having a good understanding of the current state of the market in Troy is the first step to giving yourself the best chance of making the most out of your home sale.
As a seller, you ideally want to list your home when it's a seller's market. This is when the demand for homes is greater than the supply. Consequently, property prices will increase and the homes on sale will find new owners a lot faster.
If you've studied the market and established that it's a buyer's market (the supply of homes outstrips the demand), it's in your best interest to hold off on selling your property. Remember, your primary goal is just not the sell the home, but to maximize your property's potential as well.
Prep Your Property for the Market
You can sell your home as-is, but that won't be the way to attract buyers who can pay top-dollar. Homes in such conditions are typically purchased by investors/flippers who will prop up their value by making some upgrades and selling later at a profit.
If you want to justify your asking price, it's crucial to prepare the home properly for sale. Some of the improvements you should make include:
- Necessary pairs
- Refreshing the interior and exterior paint (use neutral colors)
- Revamp the lighting
- Refurbish or change the front door
- Declutter the house
- Manicure the law.
The improvements on the home's exterior will enhance curb appeal, grabbing the attention of prospective buyers when they drive or walk in. According to the findings of a survey published on Martha Stewart, about 50% of younger buyers cite curb appeal as the #1 reason for buying a house.
Stage the House
You've probably watched a couple of online videos of staged homes that are on sale and got blown away. Executed properly, staging will not only increase buyers' interest but also boost home value. Prospective buyers will be able to envision themselves in the home and quickly make an offer.
It's prudent to work with a local real estate agent to give you home staging tips, negotiate with interested buyers, and handle the closing paperwork.
Put These Home Selling Tips to Work!
The time to sell your Troy home has come, and you want to profit from the sale. Whether that happens will depend on several variables, but with these home selling tips, you'll have a good chance of maximizing your property's potential.
To increase your chances further, ensure PMI Oakridge Management is on your team. We are a Troy-based full-service real estate asset management company that offers excellent brokerage services to home sellers like you.
Contact us and we'll show you how easy selling a house can be!
