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Top 10 Tips When Selling a Home In West Chester, Liberty Twp Or Mason Ohio

Selling a home in a down economy can be a challenging thing to do. Use the following 10 tips when selling your West Chester, Liberty Township or Mason OH home to get your home sold for the highest possible price in the least amount of time.

Home Selling Tip #1: Hire an experienced and reputable real estate agent. Selling a home can be stressful, and you want an experienced and reliable real estate agent you can count on and trust to guide you through the selling of your home.

Home Selling Tip #2: Give your home curb appeal. When selling a home, you need to keep your home looking its best. If a buyer is turned off by what your home looks like from the street, you will never get him or her inside to look around. Clean up your lawn, patch brown spots in the grass, clear sidewalks, and keep leaves and other debris picked up. Potential home buyers also notice things like chipped paint and dirty siding, so pressure-wash your home and repaint before putting it on the market if needed. Do whatever you need to do to show buyers that you’re serious about your home’s maintenance.

Home Selling Tip #3: Make minor repairs to your home. Don’t give potential home buyers an opportunity to start nitpicking at the value of your home by leaving minor repairs unfixed. Replace cracked floor or counter tiles. Patch holes in walls. Fix leaky faucets. Fix doors that don’t close properly and kitchen drawers that jam. Consider painting your walls neutral colors, especially if you have grown accustomed to purple or pink walls. Replace burned-out light bulbs.

Home Selling Tip #4: Stage your home. Once you have a potential home buyer inside, it’s important that your home has been spruced up and has been staged for the market. Think of your home as a product for sale, and imagine walking through it from the buyer’s perspective. Depersonalize it by packing up family heirlooms and photos. You want buyers to imagine themselves living in the home and they won’t do that if they can’t see past your stuff. Rent a storage unit and clear out the junk. De-clutter. Remove unused pieces of furniture and window coverings and light fixtures you are going to take with you. Each room should be left with just enough furniture to showcase it as the perfect room for its purpose. Remove books, knickknacks, and anything that seems deeply personal. Clear out closets and neatly arrange your dishes in the kitchen cupboards.

Home Selling Tip #5: Clean your home! Wash windows inside and out. Clean out cobwebs from corners, ceiling fan blades and light fixtures. Re-caulk tubs, showers and sinks. Polish chrome faucets and mirrors. Clean out the refrigerator. Vacuum daily. Remove or replace worn rugs. Hang up fresh towels in the bathroom. Eliminate any musty odors.

Home Selling Tip #6: Price your home right. Of all of the 10 tips for selling a home, this one is the most important. You need to price your home competitively, perhaps slightly lower than comparable homes in your neighborhood. Unfortunately, many sellers choose the real estate agent who suggests the highest listing price, but this can come back to haunt you. Pricing your home to sell involves looking at similar properties, making adjustments for the differences between them, tracking market movements and considering present inventory to arrive at a realistic value for the price of your home. Setting your listing price just right could lead to a bidding war, resulting in a higher sales price for you. Be sure that you and your Realtor work together to price your home correctly.

Home Selling Tip #7: Capture initial excitement. Don’t put your home on the market before your home and you are completely ready. Make sure you have taken all of the steps above before placing your home on the market. When selling a home, you need to get the most out of the initial excitement that a new home listing creates in potential home buyers. Home buyers will feel like they have discovered a great find if they snatch up a home just as it comes on the market. Once it’s been listed for a few weeks, however, home buyers will conclude that it’s not such a great value. Therefore, when selling a home, make sure you’ve done everything you can to make your home attractive to potential home buyers.

Home Selling Tip #8: Don’t get in over your head. Put your home on the market well in advance of looking for a new home. Don’t place an offer on your next home until you have solid offers on the one you have to sell now. The last thing you want to do is juggle two mortgage payments.

Home Selling Tip #9: Only divulge information on a need-to-know basis. Don’t do anything to create a perception that you will lower your potential selling price. For example, if you are moving due to job relocation, don’t offer up that information. Don’t let the potential home buyers think there is any urgency on your part in selling the home. If you are asked why you’re selling, simply say that you’re ready to trade up. You have a legal obligation to disclose information about the condition of the home and property, but you are not obligated to disclose your personal situation.

Home Selling Tip #10: Be flexible. Be willing to work with potential home buyers to help your chances of making a quick sale. Offer to pay for closing costs or repairs, and be adaptable when it comes to showing your home. If you really need to sell, you need to accommodate buyers’ busy schedules. This might mean opening your home for showings on weeknights and weekends. Using these 10 tips when selling a home can help you sell your home fast and for a good price.

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Other articles that you may find of interest:

The Top Reasons Your Home Didn’t Sell

How To Sell Your West Chester, Liberty Twp or Mason OH Home Now

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Why overpricing your home can be very costly.

You will lose the excitement that a new on the market listing generates: Real estate agents are working with buyers who have seen the homes currently on the market for sale and are waiting for new homes to be listed for sale. Meaning, the most activity(showings) will take place in the first thirty days that your home is on the market. Your home will receive it’s highest offer during this time. After the initial period of being on the market, the only people that will look at your home will be new buyers coming into the real estate market that are looking for homes.

You can lose the most qualified prospects: Prospective home buyers won’t just “make an offer” because they probably won’t ever see your home. They will view the homes for sale that are priced within their price range, knowing that they cannot afford anything that is priced in the higher price ranges.

Overpricing helps sell other, more properly priced homes first: Your home may be used to demonstrate the good value of other properties. Your objective should be to enter the real estate market in a position that will attract prospective buyers, not drive them away. A classic example of this is a buyer looking at a number of homes in a row and the feedback received from the showing of your home was that your home was too small compared to the other homes. This means that the other homes priced similar to yours were larger and a better value.

Your home will become stale on the market: Prospective buyers will wonder why your home has been on the market so long, or if something is wrong with your home, even after you lower the price. You may even have to settle for less than the market value. A home takes on a reputation surprisingly fast, so don’t wear out your welcome on the market.

You will lose a strong negotiating position when your home is on the market for a long time, both financially and mentally: Prospective buyers will not “feel a sense of urgency” to make an offer on an overpriced property, and you may feel compelled to accept less when you finally do get an offer. Getting an offer on your home in the first thirty days on the market allows you to negotiate from a position of strength, getting an offer on day one hundred and forty on the market… not so much.

If you do get an offer, the contract may “fall thru” because of appraisal issues: The contract sale price must be justified to the lender through the process of the home being appraised. The buyer’s lender hires a third party (the licensed appraiser) to determine the market value of the home at the time of sale. If the appraisal does not “come in” at or above the contract sale price, the sale cannot proceed without an adjustment being made. The list price and sale price of your home, when listed for sale, must be justified with market sales data.

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