When it comes time to sell your home, you obviously want a quick, smooth process—but that’s not all. Your most important concern is getting a return on investment—making back the money you spent on the home and then some, ideally.
As the seller, you can’t totally control how much your home will go for, but there are some steps you can take to maximize its values and ensure that you get the best return on investment possible. Here are a few of those steps that I’d strongly recommend.
Getting a Good Return on Your Home Investment
Work with an experienced agent.
You aren’t required to work with a real estate agent to sell your home, but it’s really in your best interest. An agent can bring you expertise in listing, pricing, marketing, and negotiating with potential buyers—all of which could significantly enhance the value you get out of the home.
Attend to repairs.
Even before your buyer has an inspection, try to address any obvious repair needs in your home. Even something as slight as a dripping faucet can make the place seem like it is not well cared for. You’ll have to make these repairs anyway, so you might as well do them early on, and make a strong first impression among buyers.
You might be amazed by the number of sellers who decline showings—and thus, make it likely that an interested buyer will never come back. Declining showings means losing out on potential offers, so no matter how inconvenient a showing may be, it’s always best to accept them if you can.
Clean and stage effectively.
First impressions are everything—and if you want to impress buyers, you’ve got to keep your home clean and tidy. What’s more, it’s wise to put some thought into how you stage it. Your agent can offer recommendations in both of these fields—another reason why agents are so invaluable!
Don’t be present for showings.
It’s just awkward, and it will lose potential offers.
Be open minded about offers.
You may get an offer that’s less than what you’d hoped for, but that doesn’t mean you should dismiss it out of hand; consider it, talk it over with your agent, and come back with a counter argument. There may be some significant room for negotiation.
Refusing to make the requested repairs.
It’s very annoying when buyers ask you to make a lot of fixes or updates to the home—but then again, it’s perfectly reasonable for a potential buyer to want you to fix that leaky faucet or that malfunctioning doorbell. Pretty much all buyers will ask for these things, so don’t balk at repair requests.
Get More Out of Your Home Sale
These guidelines can help you get a better offer on your home—but really, this is just for starters. To talk more about maximizing the value of your sale, I encourage you to call the Ryan Minges team in Charlotte, North Carolina today!