7 Ways To Get More Money From Selling Your Property
If you have a house for sale in St Louis Park MN, you need to be aware of the most important ways to get more money from selling your property. To sell your home fast for the most money, you must do some work in advance to justify a premium.
The most important step is to consult with a top real estate agent in your area so you can make the necessary preparations that will help you to fetch a higher price on the sale of your property.
The real estate agent will also give you plenty of insider tips and tricks that will lure buyers and convince them to pay more. As many homeowners have discovered, working with a real estate agent can help you to win a higher price on your property sale. This is not at all surprising considering that real estate agents have years of experience as well as a strong financial interest in helping you to sell a house at a good price.
Table of Contents
1. Home Improvements
Home improvements can add value to your home and make it a more attractive option for buyers. Since the property market is so competitive, you need to stand out by making the right home improvements that will attract the attention of serious buyers. Besides gaining much-needed attention, home improvements can also help you demand a higher price for your property.
One of the best things that you can do is to get renovation done if it is due. Crumbling plaster, old fading paint and disrepair are certain to put off even the most ardent buyers. On the other hand, property that looks fresh and new is bound to attract serious buyers.
Your real estate agent will inspect your property and discuss any home improvements needed. The agent can inform you of the home improvements that matter in your area. The right home improvements will not only help you to recover your investment but also help you to earn your well-deserved premium.
2. Pricing
If you have experience selling homes, then you may have a good estimate of the selling price. If not, you will have to get in touch with a dependable real estate agent to find out the market price. The real estate agent will be able to suggest the most reasonable price for attracting buyers and helping you to gain a premium on your sale.
If you think that you can use online tools to get a reasonable estimate, then you are mistaken. Software platforms can in no way come close to the level of understanding that a good real estate agent possesses. The real estate market in your locality has several nuances and key points that influence pricing. Software is incapable of comprehending these fine points that can have a big impact on the sale price.
3. Find The Right Buyers
One way of finding buyers for your property is by placing ads in the newspaper and even social media. While placing ads might bring you a few buying prospects, the best way of finding serious buyers willing to pay a good price is through a real estate agent. The reason is simple.
Since the real estate agent is aware of the properties available for sale in their area, buyers approach the agent and state their requirements and buying range. Thus, the real estate agent has in-depth knowledge of valuable prospects who will have an interest in the type of property that you are putting up for sale.
4. Negotiations
Negotiation is an art. No matter what you do, you will need to negotiate at some point in your life. Real estate is no exception. In fact, this highly competitive field requires top-notch negotiation skills if you want to win that premium. Buyers resort to all sorts of clever tactics so you maybring down your price. You will need to carefully follow what potential buyers are saying and most importantly, why they are saying it.
There are times when you have to stand firm. However, you must also be sure to maintain a professional demeanor to avoid putting off the buyer. Negotiations can be a slippery slope where you will have to navigate several complexities. Unless you have long experience negotiating property prices, you will need the services of your real estate agent to get it right. It is best to leave negotiations to professionals who have a successful track record in helping their clients win.
5. Market Trends
Understanding market trends is crucial to fetching top dollar on your property sale. There may be times when you may actually want to delay your sale for some time because the market might improve in the near future. There will also be times when you need to move fast since the market may fall soon. A good real estate agent is cognizant of all factors that influence property markets and the direction in which prices will likely move.
6. Depersonalize
Depersonalization is important for attracting buyers. If you have pictures of you and your family on all walls, then it can become harder for buyers to see it as their own home. Remove all pictures and put away symbols of politics and religion. The cost and effort involved are minimal but it can create a major positive impact on prospects.
7. Landscaping
Make sure that the lawn is trim and in good condition. Check out your hardscape and make sure that it is looking pristine. All of these factors, together with renovation matter since the first impression is almost inevitably long-lasting.
Do you have Minnetonka homes for sale? Get in touch with the very best in the business and get yourself the premium price that you so richly deserve. Contact us today.
AJ Pettersen
AJ is a Minnesotan through and through. He grew up in Minnetonka and was later given the opportunity to play baseball for the hometown of the University of Minnesota. He would graduate, majoring in Economics, and realize a childhood dream when he was drafted by the Minnesota Twins in 2011