Selling a home is considered more stressful than getting a divorce for a surprisingly large number of people.
If you’re selling a house soon, you might be apprehensive about how to get the best possible price. Fear not, for there are steps you can take to make the sales process smooth and successful.
Follow these five essential tips to sell a home for the price you want.
1. Define a Target Buyer
The first thing you need to do is treat this as any sales professional and define a target market. Although you may be selling your property publicly, you need to think about who is really likely to buy.
Create a profile of your ideal buyers: their age, professions, interests, and more. This information will help you with the next step.
2. Sell a Home With Smart Marketing
If you want to reach the top end of your asking price, you need to be smart when it comes to marketing. These days it’s not enough to just schedule an open house and see what happens.
To get the best buyers for your home, you need to reach them. Consider investing in social media marketing or creating PPC ads. These are great ways to make your property stand out to your target buyers.
3. Know Your Competition
Ok, so other home sellers aren’t really considered competition. But, it’s worth considering why someone might offer top dollar for their property over yours.
Working with a local realtor is the best way to get all the insight into the current market. Try to find a realtor who knows the local real estate trends and can advise on what’s worked for other clients.
4. Timing Is Key
Often, the property sellers who end up settling for less than what they wanted are those who are time-poor or need to sell a house fast. If you’re in a hurry to sell your home, you don’t have as much leverage in negotiations.
If you’re in a position to do so, schedule your sale for a time when the market is favorable. Also, try to allow plenty of time for the entire sale process, from start to finish.
Being realistic about how long this may take makes it less likely that you’ll find yourself squeezed into a corner. When it comes to property sales, time really is money.
5. Be Realistic
Your home may have been your sanctuary in recent years, but you can’t afford to be sentimental. It’s vital that you set a price that is achievable and reasonable.
The four walls may be full of precious memories, but you can’t put a price on those. And any prospective buyers won’t be interested either.
Work with your realtor to set a realistic asking price. Then follow the previous steps to make sure you get it.
Go For It
Following these five essential tips, you’re sure to sell a home for the price you want. With a combination of savvy marketing and local real estate knowledge, you’re on the right path.
For more valuable home living guides, check out our other blog posts.
Read Also: Tips for Selling Your House for Cash