3 Proven Strategies for Selling Your Home
Selling a home can feel like an overwhelming process, but there are certain strategies you can use to make it easier. Three of the most effective strategies for selling your home are pricing it correctly, staging the property, and marketing it well. It’s important to do your research when determining the price of your home so that it sells as quickly as possible.
1. Price Your Home Right
In 2022, the housing market experienced a change in mortgage rates, buyer demand and home availability. As such, it is important for potential sellers to take the current situation into consideration when pricing their house accordingly. According to Greg McBride – Chief Financial Analyst at Bankrate –
“It’s essential to recognize how different things are now and price your property accordingly based on present conditions.”
Pricing your home is a difficult task, as setting the asking price too high can scare away potential buyers while pricing it low means you are leaving money on the table. An experienced real estate agent will be able to help you decide what an ideal and competitive rate for your house should be, so that neither of these scenarios occur.
2. Maintain an Emotional Reserve and Stay Objective
Homeowners are now staying in the same house longer than ever before. The National Association of Realtors (NAR) has reported that since 1985, the average time a homeowner retains their residence is doubled from five to ten years – and you can see this dramatic growth depicted graphically below!
3) Showcase Your Home to Attract the Right Buyers and Increase Its Value
Even if you’ve spent years creating your dream home, it won’t necessarily resonate with potential buyers. That’s why it is essential to create a favorable first impression that reaches out to the largest number of people possible. The National Association of Realtors (NAR) puts it this way:
“Staging is the art of preparing a home to appeal to the greatest number of potential buyers in your market. The right arrangements can move you into a higher price-point and help buyers fall in love the moment they walk through the door.”
When buyers step inside a home, they want to be able to imagine themselves living there and transforming the space with their own furniture and decorations. To make this possible, it is essential that you remove your personal items from the house before putting it on the market. A real estate expert can help guide you in staging your home for sale so that potential buyers can envision what life could be like if this was their new place of residence!
If you’re considering selling your house, let’s connect so you have the help you need to navigate through the process while prioritizing these best practices.