As a real estate investor I focus a lot on the best practices for buying a home or property, but when it comes to making money in real estate, buying a property is only half the story. For a home seller, there’s a whole other side.
When you sell your home or property you want to make sure you’re doing everything you can to get the best possible price. And who better to help with that than an experienced real estate agent? So I asked some of my Trusted Agents to share their best advice for a home seller.
Do your homework when hiring a professional to sell your home. Many sellers do more research when purchasing a cell phone or buying a car then they do a REALTOR! Interview multiple agents and ask the tough questions. You only get one shot to do this right.
Put in the work to prepare your home by decluttering, depersonalizing and ensuring the house is in tip-top condition from top to bottom. In some cases, we would even recommend getting your home pre-inspected by a home inspector and repairing all deficiencies if possible. A home in pristine condition will always sell easier and quicker than those that are not.
As hard as it can be, you need to detach yourself emotionally from the home. It becomes a product on the shelf when you are trying to sell it. Take our advice and your house will sell quick, for top dollar.
Let’s face it, selling your home can be incredibly stressful! You need to find a REALTOR® that knows your neighbourhood well. You want someone who represents not only your home, but your community! Make sure your REALTOR® knows the school zones, pending developments, recent sales and has a history of selling homes in this area. Take a look at their website, social platforms and marketing – then ask yourself – will they represent my home this way also? This is a close relationship and you need someone who can navigate you through the home selling process with ease. Not every home “flies off the shelf” and you need to have someone you know is going to strategize to get your home sold, while keeping you informed along the way.
Price your home accurately for the market that you are in. If you are in a strong sellers market, know your options when it comes to holding offers and where you need to be from a price point perspective. Discuss with your agent similar-type home sales within the previous 90-180 days to get a better idea of the market price and have him/her put together a CMA so that you can get a full picture.
Don’t overprice the property. It will hurt you, not help you!
RELAX and let us guide you through the process. And depending on the strategy being used to market your home, move out for a week!