One of the priority goals for most home sellers is receiving the highest return on their original investment. Whether you are selling your home to downsize or relocate, here are some tips on how to sell your home for more money.

πŸ’΅ Set the Right Asking Price

An important factor that should not be ignored in a home sale is setting the right price. If you set an asking price that is too low, some buyers may assume that the home has some undisclosed problems, and if it is too high, they will be reluctant to buy from you.

model house sitting on coins

Start by getting a foundational idea of how much your home is worth by asking for a home valuation report. Your real estate agent will create a home value estimate that is based on current real estate market trends, upgrade made to the property, and recently sold homes in the area that are like yours.

🌞 Know When to Sell Your Home

The time period can be an important factor when it comes to successfully selling a home. Check with your real estate agent to see what the current real estate trends are showing to be the perfect time to sell your home.

Seasons do have an impact on home sale statistics, but that doesn’t mean you have to wait until spring or summer rolls around to put your home on the market. Your home may do well during the off-peak seasons if the current real estate inventory is down for the area.

πŸ’Ό Choose a Real Estate Agent

You may be temped to choose the for sale by owner option when selling your property, but we encourage you to consider the benefits of having a professional real estate agent on your side. The amount of commission you’ll pay can bring you peace of mind, limit your stress, and help your listing reach as many potential home buyers as possible.

We look forward to creating a marketing plan that fits your needs and reaches the buyers who are looking for homes just like yours. We are dedicated to communicating at the highest level and genuinely listening to your real estate goals.

🏦 Prepare for Closing Costs

When you’re thinking about the difference between the listing price and the sale price, you’ll want to consider the cost of commission and closing costs in your calulations. Selling a home can cost around 10 percent of the sale price.

Costs you can expect to pay are the commission for the real estate agent, closing cost fees for administrative tasks, staging costs, and any repair costs that come from inspection reports. Since you can’t predict the timeline for the sale of your home, be prepared to maintain the mortgage and other costs throughout the sale period.

πŸ› οΈ Make Repairs & Upgrades

Your home will undergo an appraisal and any necessary inspections before closing, so it’s a good idea to make repairs and upgrades as soon as possible to avoid losing money on the sale due to negotiations from a negative inspection report. There are times when renovations and upgrades are needed and can add value to your property.

SUGGESTED READING: How to Sell a House Before Buying One

woman boy and man with painting supplies

πŸ›‹οΈ Stage Your Home

Staging your home is meant to make your home more appealing to a broad range of potential buyers. Your goal is to help the buyer see themselves living in your home, and the staging that you do can be an investment that leads to a higher sale price because your home has a more polished look.

Consider hiring a professional stager to help make the best first impression for your home. If your furnishings are sparse, outdated, or don’t fit your home well, a stager can bring in fresh artwork, lamps, knick knacks, even tables and chairs, to make your home more appealing.

🌼 Build Curb Appeal

You want to make the outside of your home so amazing that buyers can’t wait to see what’s on the inside. In order to do this, you’ll need to build the curb appeal element on your property by making sure everything is maintained, repaired, and appealing.

house with curb appeal

Consider painting your front door an inviting color and placing a colorful plant near the entrance to make the atmosphere welcoming. Place fresh bedding in flower beds and place outdoor furniture in conversational settings.

πŸ€” How Can a Real Estate Agent Help?

We would love a chance to show you how we can help sell your home and reach more potential buyers! Call the RL Real Estate Group today at 605-212-8431 or reach out to us here!
How to Sell Your Home for More Money
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How to Sell Your Home for More Money
Your goal is to make the most money possible from the sale of your home. Learn how to sell your home for more money here!
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RL Real Estate Group
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