When it is time to sell the home, every homeowners wants to make as much money as possible on the sale. However, after paying real estate broker fees and updating the home, the profits may be small or even nonexistent. The recent housing marketing crash has done nothing to help; in fact, it has made matters worse, forcing the homeowners to find unique ways to market and sell their home.
If you are willing to make the effort, there are many things you can do to make your home attractive to potential buyers while keeping more cash in your pocket. Following are some tips that can help yo.
First Impressions Count
In order to get a good price for your home, you need to get them in the door first and that is going to be impossible if they are turned off by the home’s exterior. The first thing an interested homebuyer is going to do is drive by your home. Curb appeal is important because if the home does not look good on the outside, a buyer is not going to spend the time looking inside. That is why sprucing up the outside and decluttering should be your priority. Mow the lawn, sweep the driveway and do some touch-up painting if needed. Add some color with decorative plants, but do not try to go overboard.
Add Sensory Appeal
Make the home inviting to homebuyers by making it smell nice. A commonly-used trick is to bake cookies or bread before an open house. You can also light a candle or brew coffee. Remove cat litter boxes and animals from the home, especially dogs, which can scare off potential buyers. Open windows to let in natural light. Give floors a once-over and do a last-minute carpet shampooing to remove pet hair.
The Price is Right
In order to generate interest in your home, you need to work with your real estate agent to price it aggressively. This often means pricing it just below market value. This often results in multiple offers from buyers. However, this move can also be risky because if you price it low and get only one offer, then you may end up losing money rather than gaining it.
Sell Your Home on Your Own
This is another risky tip, but if it is done properly, you can save the standard six percent commission that you would have to give a real estate agent. For a $300,000 home, this results in a savings of $15,000. However, you will need to know how to do everything on your own. This includes inspections, marketing and also paperwork. One mistake and then you can lose thousands of dollars.
Contact the Home Loan Specialists
If you are selling your home and looking to purchase a new one, you need help ensuring your transactions run smoothly and sometimes you will need the help of mortgage brokers in Canada. A mortgage broker can help you with your financing, moreover they can save your time.
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Lori J Sanders was born and raised in Toronto. She has been a proponent of business education, investing, a self-help author and a motivational speaker. She operates on her own blog and she speaks up on whatever that comes to her mind about finance, investment, mortgage renewals. With various real-estate investments, she retired at the age of 46. But she still continues to operate external business ventures and various investments. For more information, follow her on twitter.