Despite the current state of the housing market, this could still be a great time to capitalize on your investment and list your Englewood, FL real estate for sale. Average sales prices remain high after substantial increases over the past several years. This still doesn’t mean that every home will receive multiple offers or sell for a price above asking. If you want to position yourself to make the most money on your upcoming home sale, here are a few tips and tricks to follow.
1. Get an inspection before you list your home for sale
Almost every buyer will order an inspection before they close on a new home. The only exception is if the buyer offers to waive their inspection contingency as a way of making their offer appear more favorable or advantageous to the seller, which hasn’t happened as much lately since buyer demand isn’t as strong as it was when interest rates were low. If the home inspection reveals that your home has significant damage or concerns, the buyer may ask to renegotiate the deal, or they could even walk away from the purchase entirely.
Nobody wants to see a deal fall apart after terms have already been agreed upon. One step you can take to prevent this from happening is to order an inspection before you put your home on the market. This way, you will know about any issues your home has, and you’ll have a chance to make the necessary repairs before you list your home. If nothing else, you can disclose your home’s condition on the listing so that there are no surprises during the option period.
2. Figure out where to price your home
A good first step is to ask your realtor to run a Comparative Market Analysis for you. This will give you a better idea of what homes in your area have sold for in recent months. Since an appraiser will use these numbers to determine if your home is selling for a fair market value, this is certainly good information for you to have. Once you know where your home might appraise, you can begin thinking about a specific asking price. Your realtor will help you strategically decide what the best price point is for your home. They may even look at homes currently on the market and notice that there is a gap in a certain price range near where your home could appraise. This is an area where your home could dominate a portion of the market.
3. Make a few small upgrades
If you aren’t sure what upgrades to do, take a look at other homes in your price range. Pay attention to what features and amenities each listing highlights. If you notice any patterns, make sure that your home offers the same sort of benefit. For example, if all of the other homes in your price range have updated kitchen appliances, but yours are still original to the home, this may be a potential deficiency when your home goes on the market. Buyers will notice that your home doesn’t have the same feature as other homes at similar prices, and they may feel motivated to look elsewhere.
If you can’t come up with any ideas for upgrades by looking at other homes in your price range, you may consider what projects have recently earned the best ROI. Lately, minor kitchen and bathroom upgrades have returned a significant portion of the money that homeowners spend to make the changes happen. Perhaps you could paint your kitchen cabinets or replace the knobs or handles in your bathroom to make the space appear as though it was upgraded recently.
If you can’t come up with any ideas for upgrades by looking at other homes in your price range, you may consider what projects have recently earned the best ROI. Lately, minor kitchen and bathroom upgrades have returned a significant portion of the money that homeowners spend to make the changes happen. Perhaps you could paint your kitchen cabinets or replace the knobs or handles in your bathroom to make the space appear as though it was upgraded recently.
4. Use social media marketing to your advantage
Billions of people log onto social media platforms such as Facebook and Instagram each day. Obviously, not all of these users are interested in buying a home in your area, but chances are high that some of them would be a part of your target audience. The benefits of advertising your home on social media are numerous. You can easily interact with potential buyers through comments, messages, and shares. Your home listing is also easy for friends and family to share on their own pages.
Facebook makes it incredibly easy to run promoted ad campaigns that help you cast a wider net. Their ad campaigns are not expensive, and they will never spend more than what you authorize. You can also set up your preferences so that your ad targets certain age demographics or geographical ranges. Facebook automatically stores each user’s information after they click on your ad, making it more likely that they will see the ad again in the future. Facebook is set up to function this way so that each user sees ads they will find relevant or engaging. Once someone clicks on your listing, Facebook assumes that the ad was relevant to them.
5. Stage your home before the in-person showings begin
Most buyers make a decision about whether or not they will make an official offer on a home based on what they see at the in-person showing. It’s crucial that you prepare your home to stand out. Start by improving your curb appeal. First impressions matter a great deal when selling homes. You don’t want a buyer to arrive and instantly notice that there are weeds in the flower bed or overgrown grass in the front yard. You should also make sure that you take down any personal photographs and keepsakes that you still have up on the wall or on shelves. You don’t want anyone to feel like they are intruding on your space. You want them to have the freedom to imagine what the home would look and feel like if it were theirs.
6. Hire a realtor who you can trust
The Dinan Group knows how to effectively navigate through an ever-changing and evolving market. They have spent years helping sellers earn top dollar for their Englewood, FL real estate. They understand how to utilize new and cutting-edge marketing strategies to generate greater interest in the properties they list. Reach out to their office if you’re looking for someone who can help you sell your home.
