How to get the price value you want for your home

So, you’re looking to sell your home at the right value and you are looking at lots of different things. From choosing how to sell your property to the kinds of repairs you have been advised to make, there is a lot going on.

When it comes to your home value however, this can be a stumbling bloc. It happens because you will here the common phrase; “you’re home is only worth what someone is willing to pay.” In a lot of ways this is true.

But what you want to do is find the best possible value for your home and then sell it as close to that as you possibly can. It makes sense, right. You want to sell your house for the best possible value that it possibly can sell for.

So how do you go about achieving that? Here is our mini guide to getting you the house value YOU want!

Research, research, research!
One of the big mistakes that people make is not understanding their home value based on the local market place. Yes, there are national statistics as well as regional, but the big one you want to be looking out for is the local marketplace, and by local, we mean, local.

Check for homes for sale down the street that you live on. Look for homes in the block where you live and then look for any homes in a similar neighbourhood. From there you want to narrow your research to homes that have sold in the last six months and see what their value was. By doing this you get a realistic expectation of the market place.

Of course, you want to check out what kinds of homes are for sale and have sold so that you have a fair comparison for your own home.

Now target your pricing
You understand what is going on in the local market now; possibly better than those selling a home in the local real estate market. Now it is about targeting your pricing to make sure that your strategy is in line with what you want to achieve.

How do you do this? Simple. Take the number that you are now comfortable in your head with after all the research. Then take into account sellers fees, taxes, legal fees. Add that to the figure that you want for your house, and we mean REALLY want for your house. Now that total is figure is where you should target to sell your home.

Understand if the marketplace is willing to pay for that. If it is, great. If it isn’t then you may want to consider either taking a hit on the property or riding out the market until you can get the value that you want.

Don’t spend unnecessarily
The worst thing you can do is spend money unnecessarily on your property to bring it up to a certain standard. Is that what the market is crying out for? Are you really going to get the value back in the short term? No, in the long term yes.

Basically, if you’re looking to sell your home fast, you want to be strategic where money is spent and understand the value that you are going to get from your property in the kind of market you are in.

These basic tips will help you generate the kind of interest and value that you really want for your home.

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3 Mistakes Sellers Make

3 Mistakes Sellers Make

Home selling can have lots of upsides and lots of downsides too. One of the most important things to home selling is however to minimise the downsides. You see, there are lots of things that sellers tend to do when they try and sell their home; whether it is FSBO (For Sale By Owner) or whether it is through a realtor.

Over the years we have come to see some of the more common issues pop up time and time again. Because of this we have identified these as typical mistakes sellers can make. Here is our rundown of the some of the mistakes sellers can make in the market place.

1) Asking for too much money

This is really common, especially in the FSBO market. You are tempted to go for the highest price valuation possible but this isn’t always necessarily the right approach.

We advise the following steps. Do you research, seek advice and price at a competitive market range for your house. You need to start considering the market that you are in and react to that rather than letting your own selling goal drive the pricing of your property.
mistakes sellers
2) Leaving a mess

This was identified as one of the biggest complaints in recent surveys across the US and Europe for home buyers. Leaving a mess has an impact on the buyer straight away. Firstly, all they focus on is that, the mess over everything else and secondly they start to worry about the rest of the home. Is it clean? What kind of nasty things could be lurking? All the types of things you may start to think about when you see a messy environment.

Our tip, clean up. If you can, get a professional cleaning service to do a day’s deep clean. This can be a complete transformation for your home and as long as you keep on top of your cleaning once or twice a week you will be viewing ready when somebody comes to visit.

3) Marketing is key

One of the minefields to selling anything is marketing. What platform? What do I say? What is the best time to market and so on.

The simple answer is, you want your property to be in front of as many people as possible. You want a multi listing service (which we offer) which gets you listed on the biggest sites for the country. You never know who may be in Denver and want to relocate to Florida.

Marketing is about promotion, and if you don’t do enough of it, it will be a disadvantage to selling your home.

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