Okay, so you want to sell your house this year. A lot of real estate professionals believe that the market will favor the sellers more. And why not, home prices are on the rise, and this trend is likely to continue the whole year through, and the next one as well.
But you know what a reputed, Houston based real estate agent told us? There are times when even in a seller’s market, sellers fail to get a single offer on their house. We asked him why, and he told us it was when they did not focus on three things: location, presentation and price. He added that if a seller understood these three pre-requisites well, he would actually get multiple offers on his house, and these may even exceed the asking price.
A survey claims that all homes which receive multiple offers share one thing in common; a great location. If this is the case with your property, it is going to drive buyers in huge numbers. A real estate professional told us that buyers consider factors like price and size later on. It is always the location that is given the first preference.
As long as you are located in a valued region, your situation is perfect. But what if you are not? Talk to your real estate agent, and he will make sure that you will get some offers. And do not forget that though location may be important, there are two other things as well.
A few years ago, sellers just had to do an extensive cleaning and some de-cluttering. Can you say the same for today? No way. If you want an edge, you have to do a lot more than just some cleaning. Fresh paint, open floor plans, a sleekly designed modern kitchen and the like. Yes, you may not be able to afford all of this, but do as much as your budget allows you to.
And once you are done with prepping up your house, get it shot with high quality equipment so that the photos turn out to be amazing. Every buyer will see these first, before they step into your house.
Price is a really important factor and you cannot flex it around. Whatever you demand, it must not be more than 10% of the market value, or your house will just stay on the listings for months to come.