Step 1: Reason for Selling
The Reason for Selling the Home is often more emotional to sell the home than to Purchase the Home, and the reasoning for selling your home may be a determining factor in the urgency of the sale. With having the urgency of the Sale. this may also have an effect on the price you receive for the property.
It is important to take All of the following factors to heart as they all can influence the sale of your home. :
- > Reason for selling
- > Price
- > Location
- > Condition of property
- > Size
- > Design / style
- > Accessibility
Step 2: The Cost of Selling
Before you place the sign in front of your home, it’s important to first calculate the expenses that may be incurred while selling your home. Having the understanding of the Cost to Sell the Home is absolutely necessary because it helps you to determine a fair price for the house, as well as the potential profit that you can realize after the sale is complete.
The Cost of selling your Property may include things like a Commission to be paid to the Agent, Taxes, Advertising costs or specific reports, such as a property inspection.
Step 3: Price
One of the Most important factor when placing your home on the market to sell is setting the right price. The price at which your property is marketed can ultimately make or break the sale.
Over-pricing of the property may result in:
- > A considerably smaller buyers’ pool
- > A prolonged stay on the market that will result in lowering of any offers that may indeed be submitted.
Under-pricing of the property may result in:
- > You losing a considerable amount of money on your investment
- > A buyer offering an absurdly low amount due to the negative perception of the property.
Step 4: Location
We cannot affect do anything about the location of your property, but it plays an intricate and very important part of the marketability of your home. So, it is important to take the following into consideration:
- > Is your property priced in relation to another comparable in your area?
- > What type of neighborhood is your property located in – well-established, up-and-coming, transitional?
- > Is your property located in an intercity urban area or a more rural area?
Step 5: Condition of Your Property
Now the condition of your property will always be a contributing factor in how quickly your home sells. It’s a fact: gaining the highest market value and elevating your home above all others in the same price range often comes down to curb appeal or first impressions. Here are some inexpensive ways to maximize your home’s curb appeal:
- > Keep the grass and well manicured and keep the clutter to a minimum.
- > Apply fresh paint to any wooden fences and your front door.
- > Clean windows inside and out.
- > Wash or paint your home’s exterior.
- > Ensure gutters and other exterior fashions are firmly attached.
Step 6: Staging
Maybe you did or maybe you didn’t know that well-placed furniture can open up rooms and make them seem larger than they are? Or, that opening drapes or blinds and turning on lights a few lights makes a room seem bright and cheery? It’s very true, which is why we recommend you stage your home to look its absolute best during this most important time as it will be a determining factor of the home sells or not.
Here are some inexpensive ways to highlight your home’s best features:
- > Clean or paint walls and ceilings.
- > Clean all flooring and fixtures – lights, fans.
- > Repair all plumbing leaks.
- > Remove excessive wall hangings, furniture, and extra personal goods.
- > Turn on all lights and open the drapes during the daytime.
- > Play quiet background music and infuse your home with a comforting scent.
- > Vacate the property when and if it’s being shown to prospective buyers.
Step 7: Accessibility
Accessibility is a major issue in many parts of the world. Again you cannot do anything about your home’s approximate or accessibility to specific things in a given neighborhood, but it does play a distinct role in the price of your property. We will work with you to highlight ALL the places of interest that are most accessible to your home.
Here are a few important areas to think about:
- > Public transportation
- > Main roads
- > Shopping centers
- > Schools and other educational institutions
- > Outdoor areas – public pools, parks, playgrounds
- > Entertainment