Five Tips to Get the Best Price for Your Home - Easily

By
Real Estate Agent with Keller Williams Capital Properties DC AB15253

 

5 SIMPLE Steps to Getting the Best Price for Your Home

If you’re selling your home and you are human, you are probably trying to make as much of a profit as possible.  You need to make sure that your home stands out among the competition (in a good way) in the market.  How do you do that so that you get a good price and minimize time on the market?  You should consider following these steps to determine the correct price to list your home and how to get your home ready for market:

Get an Appraisal Done Before You Settle on Price
Work with an appraiser who is familiar with your area.  Explain to the appraiser the purpose of the appraisal.  Appraisals are an art, not a science - despite what you might hear to the contrary!  Make sure that the appraiser understands that this is not for estate purposes or insurance valuation, but to identify the most likely price range in which your home will sell - based on current market conditions.   A good appraiser will help you figure out how much your home is reasonably worth, and also which parts of your home are the most marketable or desirable in your community.  If you can put more of an emphasis on those features, you’ll have a much better chance of selling your home for a great price.

Do Your Homework
Your next step is to research your market and your competition.  Make sure to work with a local real estate agent. An experienced agent can provide insight into current market conditions in your area and how your home compares to others. Remember, it’s often the other homes on the market that determine your asking price. Working with an experienced local agent, you can determine the right asking price to get the most for your home without scaring away buyers.

Finish Major Repairs
No one wants to buy a home that needs major repairs completed. Take some time to look at the most problematic areas of your home and to get the work done. Though this does mean spending money, doing so will make your home look more attractive to buyers. If you can present a home that looks like it’s move-in ready, you may be able to sell it more quickly and get more from your potential buyers.  You may think that you can do the work in a piece meal fashion as your home sits on the market - a month goes by and property hasn't sold so you can renovate the bathroom.  Another month goes by and you don't have an offer so you renovate the kitchen.  Don't do this! It doesn't work.  Get any work done that you need to do before the property goes on the market.  You will save time on market and ultimately put more money in your pocket.

Stage Your Home Professionally
Take some time to work with a professional in order to stage your home before your showings. You want to highlight your home’s potential, so make an investment that’ll really wow the people who are looking at it. Just a bit of time and money spent on staging can have a huge impact on how buyers perceive your home.  Again - you need to remember that your first showing takes place when buyers look at the online photos of your home.  Putting up photos of your home that don't highlight the best features of your home will keep buyers from making an appointment to see your home in the flesh!

Let Your Realtor Do the Job

If you followed the advice in step 2, then you have hired a great Realtor.  Now you have to trust your judgment in choosing that Realtor and you have to trust the advice and guidance you receive.  Make your home available for showings - and open houses if they are done in your commnity.  Vacate the property during showings. Take your pet with you.  Accept that some showings will get cancelled at the last minute or will be scheduled for times that aren't terribly convenient.  Go with the flow.  The purpose is to sell your home!  Put a smile on your face and go with the flow!

Getting a better price for your home is largely a process of understanding what your home is worth and then marketing it as best you can. Get your home appraised, hire a real estate agent, and make sure the house looks great and then let your realtor do the job of selling your home. Once that’s done, you’ll be sure to fetch a good price!

AND - if you have a condo to sell in Bethesda, MD then give the Lise Howe Group a call and ask the Bethesda Condo Queen to get you started on the path to a quick closing at a top price.

 

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Re-Blogged 2 times:

Re-Blogged By Re-Blogged At
  1. Brian England 01/01/2020 01:38 PM
  2. Wayne and Jean Marie Zuhl 01/04/2020 07:40 AM
Topic:
Home Selling
Tags:
the lise howe group
bethesda condo queen
home selling tips

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Rainmaker
3,826,819
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Lise - being prepared is good.  And being well-prepared is even better.  Your tips for prospective home sellers who want to achieve the best price for their properties is a good read and even better when it is followed.  

Jan 01, 2020 06:06 AM #1
Rainmaker
3,332,546
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Being a good scout and being prepared is key to a successful sale...All the best to you in successful sales in the New Year !

Jan 01, 2020 07:07 AM #2
Rainmaker
6,152,077
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is good advice to share with prospective home sellers.

Happy New Year!

Jan 01, 2020 07:29 AM #3
Rainmaker
5,532,473
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Lise Howe your advice is excellent.... and potential homeowners would be wise to hire you as their listing agent.... this is just another example of the prime advice they would receive by hiring Lise Howe, Real Estate Broker and Attorney.... the very best advice on that list is:

Get an Appraisal Done Before You Settle on Price

Jan 01, 2020 09:02 AM #4
Rainmaker
1,294,875
Curtis Van Carter
Better Homes & Gardens Wine Country Group - Yountville, CA
Your Napa Valley Broker Extraordinaire

Lise, have a great 2020, cheers cvc

Jan 01, 2020 09:04 AM #5
Rainmaker
3,198,706
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

These are great tips and 2020 will be a great year to sell a home!  I wish you the best.

Jan 01, 2020 01:32 PM #6
Rainmaker
3,651,844
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Lise Howe,  Great information for people to know about.  Hope you have a great 2020!

Jan 01, 2020 01:48 PM #7
Ambassador
4,167,307
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Lise these are very good tips and Sellers would be wise to follow them.

Jan 01, 2020 02:29 PM #8
Rainmaker
3,397,472
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Lise.

Getting that appraisal is always a good start. For a lot of people it's eye opening

Jan 02, 2020 12:27 AM #9
Rainmaker
3,713,348
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Good morning, Lise... all wonderful suggestions and each is equally important. I've often used that up-front appraisal as a way of getting sellers to be "real." It's something that I think too many agents don't use enough.

Jan 02, 2020 05:00 AM #10
Rainmaker
2,214,615
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
New Hampshire Home Stager

Excellent tips for getting the best price selling a home, Lise!

I bet you can guess my favorite paragraph. LOL

Jan 02, 2020 06:58 AM #11
Rainmaker
1,381,451
Wayne and Jean Marie Zuhl
Samsel & Associates - Clark, NJ
The Last Names You'll Ever Need in Real Estate

Wow - what excellent advice. I'm going to be sharing this info at my listing appointment today!

Jan 04, 2020 07:38 AM #12
Rainmaker
2,285,006
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Lise Howe - your advice is priceless. Points I liked the best were 1) tell the apprasier honestly how you intend to use his and/or her report. 2) working with a local real estate agent works best both ways, for the buyer and the seller and both should work soley for the one they represent. 3) know what repairs need to be made and what it costs, 4) working with professionals is better than asking FB friends, and 5) the key to success is working and respecting the agent you hired. 

I would highly recommened Lise Howe!

Jan 04, 2020 09:41 AM #13
Rainmaker
2,929,812
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

This might be a good one to repost, which I haven’t done in a while these days. May I?

Jan 30, 2020 08:57 PM #14
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Rainmaker
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Lise Howe

Assoc. Broker in DC, MD, VA and attorney in DC
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