Are you looking to sell your home but are not sure at what to price it? Mie Lan Kok gives us some handy tips that will get you the best price for your property!
The current real estate market is hot and selling your home might look easy. But such an event is a life-changing moment and there is more to it than you might think. Selling your home can be stressful, time-consuming and emotional. You need to prepare your home for the sale and decide if you want to hire an estate agent or that you prefer to do it yourself.
There will be an invasion of people, opening your closets and poking around in the place that you call your home. People like the estate agent, the photographer, the valuator, the surveyor and, of course, the people who will view your home. A lot of legal paperwork is involved which can make you nervous as well. What can you do to have a stressless sales procedure and get the best offer for your property?
Hire an estate agentHiring an agent may cost more, but it will make selling your home less stressful as they are familiar with all the paperwork which makes it likely that there won’t be any delays or glitches when it comes to the deal. They also have all the data of the sales prices of comparable properties and the knowledge of the market, which means a good estate agent can help you set a fair and competitive selling price for your home, increasing your odds of a quick sale.
A professional estate agent will also have more experience negotiating home sales, helping you get more money than you could by yourself. They can also tone down the emotional aspect of the sales process as they will interact with the potential buyers / buying estate agent on your behalf. If any problems turn up during the process, they will be there to advise and handle them for you. Finally, estate agents can help make sure the process goes smoothly as they deal with this daily and know the pitfalls involved in real estate transactions.
Prepare your house for the saleEvery homeowner wants to get the best possible price when they put their property up for sale. You might not realise that you can actually do quite a bit to enhance the overall value of your home. Do all that you can do to improve your home’s first impression. Your future buyers are looking for a home to live in, so damage can be the reason for a request for a final price reduction or they may not make an offer at all.
So, the first step is to make sure all the small jobs you have been putting off are done now. When the buyer looks at the pictures of your property, you want to impress and entice them. This is all about providing your home with an identity that will be broadly appealing to many buyers out there. Tidy, clean and de-clutter your house as you want to show the buyer you care for the property and appreciate living here.
The purpose of showing your house for sale is to help or encourage future buyers to see themselves living in it, therefore you must depersonalise it as well. A good estate agent can advise you on how you can do this the best way. It might even be an idea to make the investment of staging your home professionally to reach a must higher sales price. Especially have professional staging done if you have already moved out as for most people, it is difficult to imagine what the property will look like without any furniture in it.
Market your propertyIf you want to list your property the best way, then use all possible media to promote it. So, next to the website Funda, use Facebook, LinkedIn and YouTube as well. The first impression that people will have of your home will be via the internet, so it must look picture perfect. Next to the usual pictures, you can also show 360-degree pictures and a video. We advise you to use a professional photographer to do this for the best results.
Is the highest offer the best deal though?The highest offer won’t always leave you with the most money or a smooth deal. In this crazy market, people may offer very high amounts to secure their dream home. You may already see yourself enjoying a great holiday on a sunny beach with a cocktail with this extra money, but take note: if prospective buyers need a full mortgage, the mortgage bank wants the property to be appraised by a valuator. If the property is not appraised for that amount, the deal will fall through, and you need to start all over again.
Most of the time, you will only hear about this a month later and then other potential buyers may have already bought another property and you will lose momentum. So, perhaps the lower offer is a better choice as it provides more security…
As you can see, an offer involves much more than just the price – dissolving clauses are very important too. Your estate agent can advise you on which offer is not only a high one but also a secure one. They can check whether the potential buyers went to a mortgage advisor and if they have a buying estate agent. You can imagine that a well-prepared buyer will give you more security, making the entire process less stressful.
In this current market is it is not difficult to sell your property, but to get the highest price and the best conditions may be a challenge. Mie-Lan Kok Estate Agency has the right tools and knowledge to help you out; they can guide you through the entire process.