Thinking about listing your home for sale? The market isn’t ideal right now but prices are staying up and homes are still being sold. If you feel that your home is worth $750,000 as an example, it could go for that price in a month or a little less over the next several months. However, you will not be closing for $500,000 or some ridiculous amount because you cannot find a buyer. Sellers are still getting fair market value, even if it takes a bit longer.
There are ways you can speed up the process on your end. List at a fair value, focus on improvements you can make around the house and also make sure you work with a local realtor. Their experience will be key for you knowing what to do and also what to expect.
Value Of Improvements
Take a look at your property right now. Every little issue you see, the buyer is going to see as well. Can you fix it now? Is it worth fixing? That’s going to be what you have to ask for each issue. If there’s a broken tile on your roof, ask yourself those questions. If the lawn doesn’t look great, ask yourself those questions. Keep asking those questions before you ever consider listing and make a list of all the work you notice needs to be done.
Some of these issues can be resolved quickly and even affordably. Upgrading appliances for example can be done very quickly before you list. However, you still have to consider cost versus value. Would an upgrade of $5,000 in home appliances and other areas of need increase your property value by the same amount or more? Maybe, maybe not, but it could help sell the property quicker.
Where To Start
Before deciding what to fix on your home, look at what needs to be done and what areas will create the most challenges for buyers. For example, the roof may seem like a major undertaking but if it’s older, it’s going to create a lot of problems for many potential buyers. If someone wants to buy a home with an older roof they will have to get it replaced. If they cannot afford that after they take out a mortgage, that house is no longer an option for them.
Have Your Realtor Take A Look
Before starting anything, work with your realtor on what they recommend getting fixed. They know what legally needs to be updated, as well as what buyers are looking for. Also, having them walk through the property with you will help them get a better idea of what to price the property at. Start with your realtor and work on your property’s curb appeal.
