A strong seller’s market is a market where the supply of homes for sale can’t meet the demand from buyers. In these markets, homes for sale sell quickly and closer to the asking price instead of falling below it.
In a strong seller’s market, homes may be snatched up quickly, but don’t fall into the trap of thinking that means you don’t have to do any work when you list the property.
When you sell a house (even in a seller market), it’s not just about arriving at a number in your head and then listing at that price. Instead, there are several steps to take so you can sell your house in the shortest amount of time and for the most money.
Here are seven steps to prepare your house for a quick sale.
- Look at your home with a buyer’s eye.
The first step is simple — put yourself in the mind of a buyer. If you were on the hunt for a new home, what would impress you? What would turn you off? These are the questions you need to keep in mind as you prepare your property for sale.
It’s also good to get the opinion of a friend who can be honest and objective about your home’s shortcomings, too. You might have overlooked something that’s obvious to someone who hasn’t lived there for years. - Price it right
Prices that are too high or too low often lead to “For Sale” signs that stay up for months on end. To sell your home quickly, you need to price it just right.
When pricing your home, be sure to do your research. Look at the prices of nearby homes recently sold in your neighborhood and use that information as an indicator of how much money you can expect from your home sale. You may even consider hiring a professional appraiser to help you with this process. - Boost the Curb Appeal
The first thing that a buyer will see when they drive up to your house is the exterior of the home and the front yard. A good first impression can convince a buyer that your home is worth seeing inside. You only get one chance to make a first impression, and nothing says “welcome” like a tidy yard and freshly painted front door. - Do the necessary repairs
You should make sure that everything inside and outside of your home is in working order before putting it on the market. If there’s anything broken or damaged, you should get it fixed before trying to show the house to potential buyers. No one wants to purchase a house with leaky faucets or a roof that needs replacing. - De-personalize
Before you put your home on the market, remove any trace of yourself from your house. This means family photos, religious or political decorations, anything that might reveal personal information about you or your family (think library cards and prescription bottles), and anything that hints at a lifestyle — a collection of wine bottles, for example — that might dissuade some buyers. You want potential buyers to picture their own belongings in their new home, not yours. - Tidy up the inside
Buyers expect homes to be spotless, so give them what they want. Donate or throw away anything you don’t need or want anymore. Clean out closets, cabinets, shelves, and drawers so they look spacious and organized. You might want to consider renting a storage unit if you have too much stuff to fit in closets or attics. A clean house will make a much better impression on prospective buyers than one filled with clutter. - Do what the pros do.
If you’ve ever watched HGTV’s “House Hunters,” you’ve seen how staging works. Professional stagers use various techniques to make a house more appealing, such as removing some furniture, rearranging other pieces, and adding decor items like plants and flowers. It’s all about making a house visually interesting without making it look cluttered or too personal. You don’t have to go crazy with staging, but it’s worth taking some cues from the experts in this area.
Looking to sell your home? We can help!
Selling a home can be challenging and frustrating when you’re not aware of the local real estate market. Luckily, our team at Landsource has the know-how to help make the process as seamless as possible! We are an established Real Estate company with a great track record of successfully selling homes. If you are looking to sell your home and want to get the best price possible, please contact us today! We could help you sell in a seller’s market, so you get the most out of your investment.
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