Regardless of market conditions, you only have one chance to make a first impression.
With the start of the new year, thoughts naturally turn to change. If one of your new year’s resolutions is to sell your home, then making the right resolutions can help you sell your home quickly and for the best possible return.
Regardless of the season or market conditions, remember that you only have one chance to make a first impression. Make your home memorable to potential buyers. Before listing your home, commit to these quick Home Seller New Year’s Resolutions to help ensure the quickest sale for the highest price.
Home Seller Resolution #1: Repair & Replace
Stained carpet in the bonus room? Leaky faucet in the kid’s bathroom? Wallpaper in the living room?
Today’s buyers are, for the most part, looking for move-in ready homes. They do not want to dedicate all of their free time and funds to work on the house they live in. All of those deferred maintenance projects should be addressed. They will come upon the buyer’s home inspection.
Also, if your house is still living in the 1980s, it might be time for an upgrade. There are many simple fixes, e.g. updated paint, lighting, and fixtures that will make your home more attractive to potential buyers.
Home Seller Resolution #2: Cut the Clutter
Can’t see the floor in the bonus room? Afraid to open the hall closet door? Boxes piled high in the garage?
A cluttered house can suggest a lack of space, which can impact offers. Potential buyers want to envision their furniture in your home. Depending on lifestyle and length of time in the home, cleaning out the clutter can be a BIG project.
Take it step by step, room by room! Be honest about what you need, want and what you can live without. The bonus? You won’t have to pack, move and clutter your new home with stuff you don’t want.
Lastly, when it’s time to list your home, stage it to show in the best possible light. Your real estate agent may offer home staging as part of their suite of services to take your home to the next level.
Home Seller Resolution #3: Prepare Mentally
Selling a home can be stressful. Be prepared for low offers, picky buyers, drop-by agents and odd terms. Prepare yourself now so you will take them in stride when you’re on the market.
Home Seller Resolution #4: Know Where You Are Going
First, talk with a local lender about your purchase options. In this competitive home market, it might be easier to buy your next home rather than sell your existing home. If you can swing it financially, it may be easier to buy and move, before listing your home. Also, due to the ongoing coronavirus pandemic, it is may be safer for all parties to buy first, then to sell.
If you can’t afford to carry two properties, it may not be in your best interest to put an offer on another home until you have some serious interest in your current property. It’s fine to start researching other neighborhoods, but if you’re not sure what you want to do, consider renting on a short-term or month-to-month lease.
Home Seller Resolution #5: Be Realistic About the Market
Resolve to be realistic about the selling process. Every seller wants to sell quickly for a high price. But it’s important to know what you can honestly expect in your market. Find out what is selling, and what the average number of days on the market it for homes that are selling. Accept the reality of your local market and make sure you price your home realistically. Not every home received three offers above list price within the first 24 hours of being on the market.
Sellers who set sky-high prices could wait weeks or even months for an offer and may wind up with the same price they would have had if they’d priced their home correctly the first time – or a lot less. In this real estate market, one of the worst things you can do is overprice your home from the onset. If priced correctly it should sell quickly and for near the asking price.
Home Seller Resolution #6: Partner with a Trusted Agent
Finally, when you’re preparing to sell your home, resolve to partner with a trusted real estate professional. A real estate agent that is an expert in your local market can help ease the burden of the process and offer suggestions and guidance along the way. An agent will understand the details of your market and can help you set the best listing price for your home. They’ll know how to market it to the right buyers and can be a trusted partner all the way through the closing process. Interview several agents so that you can choose the one that best fits with your goals and personality.
Other Resources from Our Blog
New Year’s Resolutions for Home Buyers: Link
What Does 2021 Have in Store for Home Values?: Link
2020 Year in Review: Link
About Log Pond Realty
Home is where your story begins. Home is where hopes and dreams are born, memories are made, and lives are lived. We would love the opportunity to assist you in writing your new story.
We service the Triangle region of North Carolina including Raleigh, Cary, Apex, Holly Springs, Morrisville, Fuquay-Varina, Durham, Chapel Hill, Wake Forest, and Garner.
Contact us 919.589.3576 | firstname.lastname@example.org