Selling your house can be a stressful experience. Unless you are a veteran at selling houses, the instability of the market, as well as, the ambiguity of the pricing process can be quite overwhelming. For most, there is always the fear of selling at a loss. So, without further ado, here are three ways that can increase your houses value and allow you to sell it for more.
Spend a little to make a lot
While this may seem like an absurd idea; that you need to spend money to make money, it is simply how business works. In order to make a higher profit, you need to get a higher offer from buyers. Now, the only way you can do that is by impressing them enough. Some choose to do so by investing in quality house components. There are some types of stones- you can see them at Marble com that can add significant value to your house. While youd be spending money on them, youll be getting a bigger reward in return. As for others, by spending a minor sum of money on improving their lawn; maybe repainting, or refurbishing. They manage to impress potential buyers and attract them to their house. Remember, its not always about the candy, it is also about the wrapper. However, be careful not to over do it because you might end up sending the message that your house is high maintenance.
Always negotiate your selling price
Why do you need to do that? Well, its simple. As with most deals, you need to be aware of the existence of a catch. In the housing market, some buyers offer high prices, but with some sort of financial contingency plan that allows them to withdraw their offer at any time. In which case, you will be operating in a high risk. Another contingency plan is one that permits the buyer to delay their payment until they get their money from selling their current house; keep in mind that they can walk away if they fail to sell. Finally, theres also an inspection contingency plan that allows the buyer to ask that further repairs be done to the house. So, with these contingency plans while you may be getting a higher price, youll be vulnerable to the buyer changing their mind, as well as, them being entitled to ask that you spend more on repairing your house.
Pick a right time to sell
Many market strategists advise that you take advantage of your markets state. As you may know, the market is run by the forces of demand and supply. Depending on the type of house you have, and its location, the demand for it should fluctuate; in a predictable manner, nevertheless. All what you have to do is take note of when people want your house the most. The more they want it, the more theyd be willing to buy for any price you set. That is when you should put it out for sale.
As you noticed, our first two points mainly revolve around spending money to make money. That can be quite tricky since, it is difficult to know how much spent money is enough to keep you making profit rather than a loss. Simply put, you just need your house to look nice; not extravagant. It helps if you imagine Her majesty, the Queen of England, coming over for tea. Not to mention, you need to carefully examine the deal you have with the buyers. Now, as for the timing, this is a step where your real estate agent should help; they obviously know their way around the housing market.