Things To Consider When Selling Your Property

You’ve decided to put your home on the market. It happens. People get job offers in out of the way places, want to upsize or downsize or maybe just want a change of pace. Some people flip houses for a living and are old hands at the selling game. No matter the reason there are some things to consider before listing that property. That way you’ll know if the offer you are posing is fair and wise.

Why Are You Selling?

If you are in a hurry to sell your property, perhaps because you have your eye on another one, then you are more apt to set a lower price point for your home. Someone who has all the time in the world can afford to list for a higher price. If your property is damaged or a real “fixer-upper” then your price point will most likely be lower than similar homes in the area. It is important to understand the how, when, where and why you are letting go of your home and how quickly you need the sale.

Getting Your Home Ready for Sale

Giving your home some TLC is the best way for a faster sale at a better price. This doesn’t necessarily mean a complete renovation of bathrooms or kitchens, but a coat of paint, a bit of landscaping and fixing up obvious problems really does help. Even a leaky tap can close the door on a sale, or cause the buyer to come up with a much lower offer. Get your home professionally cleaned and staged for the sale. Your real estate agent can help with this if need be. You want the pictures of your home, whether they are in the local paper or shown on the internet, to show a property that is desirable and worthy of the asking price. Who knows, you may get multiple offers and an even better price.

Find a Real Estate Professional

Selling a home requires a big time and money commitment. Having a real estate agent help with that sale cuts down on the worry factor and will usually result in a faster sale. Agents already have connections in the business and can use their knowledge to market your home to interested parties far and wide. That doesn’t mean you can’t send out your own feelers, especially in this age of technology. If you’re a first time seller, it’s best to leave all the legal and sales stuff to the professionals. If you’re an old hat, well, whether you go solo or not is up to you. Just make sure you have the time and resources available to devote to that sale.

Set a Realistic Price

Everyone wants to get the most money possible out of their home sale. That’s only natural. But, you must be realistic. Setting a fair price will attract more buyers. If your price is too high chances are you won’t even get noticed. This is just as true in the high end market. Buyers may be able to afford just about anything, but they are still looking for a fair, honest price. Your real estate agent will advise you on pricing, another benefit of having one of these professionals working with you.

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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.