How to Sell Your Home Fast (and For More Money)
Of course, everyone wants to sell their home for as much as possible. And one common misconception we often hear from home-sellers is that getting a great sale price requires a ton of time and money.
While getting your home ready for sale will take a little effort, it doesn’t have to be a lengthy, expensive endeavour. You can sell your home quickly and for top-dollar and here’s how to do it:
Price It Right
No one understands more than we do – you’ve spent a lot of time in your home and you know it has a lot to offer. But the key to putting your home up for sale is to price it for what other people think it’s worth. In order to do this, you need to be realistic about how homes are currently being valued on the Edmonton market:
• Check past, current and pending home sales comparable to yours in your area
• If possible, try to sell during selling season (spring months)
• Find out what buyers in your area are looking for (single professionals, new families, etc.) so you can play up your home’s benefits accordingly
Understand Your Pros...
We already mentioned playing up your home’s benefits. Do you have a large backyard (vs. other homes in the area)? Do you have extra amenities buyers are sure to love such as a fireplace, extended patio or finished basement? Now that you've spent some time researching real-estate comps in the area, take some time to think about what features make your home truly unique so you can highlight and market them to buyers.
...And Your Cons
Just as you’ve recognized your home’s unique benefits, you need to understand its drawbacks. For instance, you may have outdated cabinets or hardwood floors that need to be replaced. While you don’t have to openly advertise these flaws, they will be noticed by buyers - so keep them in mind when it comes to a fair listing price.
Fix What Needs Fixing
Before you consider putting any additional funds towards cosmetic upgrades, invest in home repairs. You could sink money into updating older countertops or your appliances – but if the roof is leaking or you have water ingress in your basement, buyers will look elsewhere. Invest in the things that matter such as making our home more energy efficient (windows, a smart thermostat, proper insulation and seals) or a fresh coat of paint (interior or exterior) before you spend money on a bathroom or kitchen reno.
Make Little Enhancements
While it's best to choose repairs over cosmetic changes as we mentioned, you can still re-fresh your home’s look with a few (simple and affordable) changes to add quick and fast-selling appeal:
Selling your home on your own, especially, means you need to be ready for anything – this means being ready to leave at a moment’s notice to show your home. Your home should always be tidy (no dirty clothes on the floor or dishes in the sink) with inviting smells and you should have an action plan in place when it comes to care for pets and children when buyers come to call.
Get Social and Promote
With most buyers (and real-estate agents) doing most of their home research online, you can’t afford not to be. When listing your home on websites and social media, be sure to highlight your home’s best qualities (as mentioned above), and refrain from being misleading (i.e. “unique fixer-upper" when it needs a ton of repairs) in your description. Employ a few home staging tricks and be sure to offer plenty of (good) photos for them to browse.
Hire a Real-Estate Agent
Selling your home at any time can be stressful. A good Edmonton real estate agent won’t just help you shoulder the weight, they’ll offer expert advice and assistance in everything you need to sell your home quickly and for more money, including:
• A keen eye for your home’s best-selling features and how to enhance them
• Staging help (cleaning, arranging, etc.)
• Arranging viewing appointments that suit your schedule
• Professional listings – professional photos and descriptions of your home
• Finding the new home of your dreams at a great value
There are many perks to hiring an Edmonton real-estate agent, especially knowing you can count on them to do what’s best for you. Even if it means telling you what you don’t want to hear (of course we always like to when we can!) you can trust a good agent to act in your (and your home’s) best interest.