In a declining real estate market where supply is higher than demand, a person can usually sell their house faster by lowering its price. Should you really lower your property’s value to please a prospective buyer who may not even make you an offer? If you’re in the process of selling your home, keep on reading to learn practical tips on how to generate interest while locking in the best price possible.
Stand out from Your Neighbors
To attract attention and to make your home memorable to potential buyers, consider unique designs and additions, such as high-grade windows, new roof tiles, and pristine landscaping. Not only will these additions improve your home’s appearance, but they will also add value to it. Make sure your enhancements incorporate designs and colors that are universally attractive and appeal to the widest audience possible. If you have a swimming pool, build a deck or patio adjacent to it.
On the other hand, while making home improvements is essential, be sure not to get carried away. Don’t start a project and get too invested in it because then you won’t be able to complete in time for an open house. According to Realtor Magazine, certain renovations, such as adding a new bathroom or knocking down walls to create an open-concept space, might not always pay off. Data suggests the nationwide average amount recouped for a bathroom remodel is about fifty-eight percent.
Do your research before making any home improvements, and make sure you invest your money into modifications that are likely to net a high profit. What sets your home apart from the others? If there are certain features you’re proud of, be sure to highlight them in your listing description. With the current saturated housing market, you must boast about every advantage you think will go a long way with buyers.
Sweeten the Deal
One of the best ways to make your home more appealing to prospective buyers is to make them offers they can’t refuse. Every seller will be focusing on improving their home’s curb appeal and finding a quality real estate agent, but you can stand out by taking risks other sellers wouldn’t take. For instance, you can offer to pay part of the buyer’s closing costs. Some sellers even pay a buyer’s closing costs in full.
If you want to sweeten the deal literally, you can offer baked goods at your open house. Buyers who have a sweet tooth will appreciate this gesture, and they’ll remember you as the seller who gave them a tasty treat. You’re more likely to win a buyer over if they’re full and not running on an empty stomach.
Contact Southeastern Real Estate Investors
Selling your current home is only half of the equation, but you also have to hunt for a new place to call your home. Southeastern Real Estate Investors can help you find a great deal on a house. We also help investors who are looking to pick up cheap properties for their portfolio. If you live in Alabama, Tennessee, or Georgia, contact us today.