Preparations that you take to get your house up to code standards, improve its functionality, cleanliness and appearance could yield a successful home sell. Give yourself enough time to complete the preparations identified below. It could shorten the time that it takes you to sell your current house.
- Clean up. Toss out unnecessary items, old furniture, accessories, old clothes and gadgets that are only taking up space. If you haven’t used a product in two years or more, you probably don’t need it.
- Perform necessary repairs, such as sealing cracks, replacing bubbled floor tiles and repairing leaking pipes. Be honest and repair areas of your home that potential buyers may not spot or focus on. This includes insulation, wiring and roofing issues. Treat potential buyers to the same respect and care that you want when you start shopping for your next home.
- Paint. Apply neutral colors to your walls. Loud colors might highlight your personality. But, they could also turn away buyers.
- Get your house inspected. Ensure that you have made all necessary repairs and that your house meets local coding standards. Use the fact that your house has been inspected and meets code standards as a marketing tool.
- Find a licensed and experienced real estate agent to partner with. The more the real estate agent knows the area where you live, the better. That expanded knowledge will help the realtor to alert potential buyers, particularly people who are venturing into a new area for the first time, to dining, entertainment, academic, historic and other highlights in or near where you live. Partnering with a real estate agent who has an active license gives you the confidence that you’re working with a realtor who is current on regulations impacting the industry.
- Save time and commissions fees by working with the same real estate agent who sells your house to find your next home. Avoid taking on two mortgages.
- Research the market. Talk with friends and colleagues and, of course, leverage your realtor’s knowledge to set a price on the house that you’re selling. You want the price to be competitive for buyers yet profitable for you.
- Advertise your home online and offline. Ask your realtor to tell you good places to advertise that your house is for sale. It’s an interactive world. Take advantage of this and create a walk-through video of your house. Don’t forget to show pictures and videos of the outside of your home as well.
- Stage your home similar to how apartments stage their model units.
Practice patience. As tempting as it is to accept the first offer, you may be able to get a better deal. Stick as close as you can to the price that you set for your house early in the home selling process. Also, make sure that the amount you sell your house for covers any outstanding debts that you owe your mortgage lender. Repairs and upgrades that you make to your house could position you to recoup enough from the sale of your house to cover closing costs and a portion of the down payment on your next home.