5 Tips to Sell Your Home for the Best Price

Josephine & Raj Sharma
Published on May 12, 2017

5 Tips to Sell Your Home for the Best Price

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Are you looking to sell your Lake Elsinore, CA or surrounding area home and want to get best deal?
Here are 5 easy tips to sell your home for the best price that will pad your pockets.

Have you outgrown your current home? Whether it’s your first time selling your home and you’re looking to upgrade, or you’ve done it before but want to get a better deal, here at Legacy Homes Realty we can help you get the best price in today’s real estate market. Homes are moving fast in Lake Elsinore and in Inland Empire. You want to make sure you’re in the right place financially for this, as it’s a huge decision not to be taken lightly.  Going in, you should know your home equity, and read through our five tips on how to get the best price when you sell your home!

 

1. Make Sure Your Home Looks Presentable

If your bedrooms, kitchen, or bathrooms are starting to look a little outdated, consider remodeling. The same goes for roofs and gardens. If you can afford the investment, it could pay off by getting you the best price on your home. Again, have a conversation with your local agent to determine whether there are any major improvements or repairs that could be made that they believe would improve the equity of your home, and thus your listing price.

Even if you don’t go all out and renovate your kitchen or bathroom, small improvements can be made to make your house look bright and well looked after. A fresh lick of paint here or there, the installation of new doors or windows, maintaining your yard with a spot of gardening – whatever you believe will freshen up the look of your home and is within your budget, why not try it?

 

Declutter, Eliminate Odour: Think Clean

Also be sure to clean thoroughly and declutter your space. This may mean putting things in storage in the shed, basement or attic while you take pictures.  All the same, as we said before, you want to make sure your house looks clean, tidy, and presentable. This includes getting rid of any bad smells that arise from smoke, pets, mold or mildew.

Tackle these problems at their source, as they can affect your buyers’ first impression.

 

 2. Pricing Must Be Competitive

When listing your home on the market, discuss with your local Lake Elsinore, CA real estate agent and try and get them to show you a comparative market analysis. Get your FREE CMA Copy Here.

Seeing a comparative market analysis will help you decide on a reasonable price based on similarly listed houses on the market in your area. You want to get the price right first time, so you won’t have to lower it later down the line. Your first asking price should be the best price you can get. You want to strike the right balance so it’s good enough to cause a bidding war that will generate interest and clicks from potential buyers.

If you overprice, you risk your home sitting stagnant on the market for months and actually losing money. Pricing your house is the most difficult part, and you want to get it absolutely right so you don’t overprice or under-price too severely, and still get lots of interest from buyers.

 

With Rising Interest Rates Comes A Power Shift

Know that there’s going to be a rise in interest rates, which may cause buyers to be less picky and in more of a hurry to buy. With this, your pricing tactics will have to adjust.

Interest rates have been low for some time, so this could potentially be a game changer in the housing markets.

 

3. Time It Right, Get The Best Price

If you have the luxury of time and flexibility, we recommend trying to sell your home in late spring, as it’s proven that houses sell quicker at this time of year. This is especially true if you live in an area with more distinct seasonal shifts in climate. In fact, there’s even known to be a golden window when it comes to listing houses.

Also, when creating your listing, you want to market your home well. Good marketing is such a crucial aspect when it comes to selling houses. We are Legacy Homes Realty do lot of social media and on-line marketing for all our clients.

 

Quality Photographs For A Quality Product

Good photos of both the interior and exterior of your home will make or break the amount of interest your listing gets. We have seen many listings on the market with very poor qualify photos, which hurts the sellers and house sits on the market longer. Consider enlisting a professional photographer, or any friends or family members with a keen eye for photography to show your house in the best possible light to pique the interest of potential buyers. In fact, if you can get photos of your home when the weather is nice that’s even better. Nothing dulls the appeal of an attractive sell than photos taken in the drab, dreary winter season with fallen leaves, bare looking trees, and bad lighting.

We take pride in our work and hire only the best professional photographer to take the qualify pictures and provide us with high definition pictures and virtual tour of our client’s home.

 

4. Know The State Of The Market, And Prepare To Negotiate

You want to carefully consider offers as they begin to roll in. Don’t go for the first one you get, as something better may come along.  Some sellers even request interested buyers to write a kind of cover letter to express why in particular they’re interested in your house. It’s a good way to filter through people if you’re a little bit more picky about who ends up snapping up your house.

Good and experienced agents will know a good offer the moment they see it. They’ll also be able to guide you through the practice of negotiating on terms and prices and coming to agreements.  You want to be considering the terms that come with each offer as well as the price in order to come to the best deal and the best price all around.

 

Bear In Mind: New Government, New Housing Policies

This is easier to do if you know the state of the current housing market. One of the biggest concerns for many going into a new administration this year is rising house prices.

Find out what this means for you and the area of California you live in by consulting with us here at Legacy Homes Realty.

 

5. Consult With Real Estate Professionals

It’s cropped up throughout all of our tips because of its importance, but it’s absolutely paramount you get the best advice and support throughout the process of selling your home.

Here at Legacy Homes Realty, we want to discuss real estate with you and help you get the best price for your home, we’re your local Lake Elsinore, CA real estate agents.

 

Contact us today, or schedule a call or appointment – we’ll be happy to answer any queries you may have about the whole process. Happy selling!

Thank you, talk soon!
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