The real estate market has been booming and the home prices kept on growing. As per Realtor.com, the average sales price of homes is expected to rise around 3% this year in 2022 while home sales are projected to increase by about 7%.
If you are getting your house ready to sell, then you must know that the 2022 US housing market is a seller’s market and you must prepare your home well to attract real estate agents and home buyers. Price, staging, partnering with the right realtor, etc. play an important role in your property sale.
It is projected that there will be a considerable increase in house sales and a higher demand for homes this year. So, as a seller, there are good chances of a fast and easy sale. The current seller’s market is competitive and to stand out, you can consider to make small repairs and changes or go for Selling a house as is.
Things to Know Before Selling Your Home
Here are the top Tips for selling your home.
Price is one of the things prime things the potential buyers look at when buying a real estate property. If your goal is to sell your home fast, then you cannot set an unjust price for your property and allow the home to sit like this for a year, until you change the asking price.
You should research the local listings, scout other properties, invest in CMA, find the sale price of similar homes in your area, gauge the current market sentiments, and more to set the selling price of your home. Base your decision on the number of rooms, size, facilities, furnishings, and more factors. If you are Selling a house as is, then price your home accordingly.
Another important thing is that you don’t have to under-price your home as well. You must get the price of what the property is worth! The only time when you can let it go for a slightly lower asking price is if you need cash.
List Your Property
Now that you know how to set the asking price, you must list your property on the MLS with the help of for sale by owner websites. MLS is the most viewed database for the property. The buyers and their agents keep themselves updated with the listings. If you want to advertise your home and sell it fast, listing on the MLS is the best option for you.
You need a real estate agent to list your property in MLS. You can take the help of online real estate websites such as Houzeo to create your listing on the MLS and also let it get syndicated to other popular real estate websites such as Zillow, Trulia, and Realtor.com, Redfin, and many others.
Take high-resolution photos
Before potential buyers visit your home, they will look at the pictures of your home in the listing. only if they find the pictures appealing enough, they will plan to visit your home. This is why it is very essential to have high-quality and professional photos of your property. No matter how great your home price offer is, if it doesn’t include good photos, the buyers will not be interested in your house.
Good pictures can get you a higher selling price. As per Washington Post, house listings with professional images can allow them 47% higher price of the home and they also sell 32% faster than the other house listing.
Invest in Virtual Staging
Making your house look desirable in the listing is quite important. Virtual staging can be done using the software that allows you to keep furniture in an empty room. It lets the buyers understand the available space in a better way and get an idea of how the room would look if the same is nicely furnished.
So, Selling a house as is and without even putting money or lifting the furniture, you can make your home look beautiful and let the buyer imagine your home. Way cheaper than traditional staging, the price difference between traditional and virtual home staging is astounding. Sometimes, it is nearly impossible to tell that the rooms were virtually staged.
FSBO or Real Estate Agent?
Though for sale by the owner will allow you magnificent savings and full control of all the property-related decisions, but are loads of benefits to hiring a real estate broker.
As per the National Association of Realtors, the average selling price of the homes sold by agents was $58,000 more than the ones sold by FSBO. The great thing about hiring a real estate agent is that they have rich experience. They will take care of everything such as negotiation and paperwork. They have a big network and connections and can easily provide you with a handyman, photographer, stager, and potential buyers too.
However, if you want to save cost and want to take the benefit of the real estate agents too, then getting the services of online tech real estate giant such as Houzeo is another best option. The for sale by owner websites allow you to save realtor commission and provide you best services too. You can use the platform to create MLS listings and connect with numerous buyers. Not only on the MLS but the company puts your property on other popular real estate websites too such as Zillow, Trulia, Realtor.com, Redfin, etc.
Handle the Negotiation well
The buyers enjoy an upper hand when it comes to negotiation. But you never know when in the real estate market, you can turn the things in your favor. The seller too has an advantage. It is important to know that you are negotiating a home sale and you should start with setting a smart price beforehand. Know the unique and marketable aspects of your home. Also, observe what your buyer is inclined at. Present the counter offer on the right things to have a great negotiation.
If you’re selling your home, you must know that the inspection needs to be handled very well, to get the maximum amount for your home. Consider replacing broken and faulty things. Evaluate the structural components, electrical issues, and plumbing problems, outdated appliances, and see which ones can be repaired. These things will play a role in affecting your home’s sale price. Take strategic decisions and know what needs to be repaired or replaced.
To steer your efforts in the right direction, these were the best tips for selling your home in 2022. Use them and have a successful sale!
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