Knoxville Real Estate Broker, Patrick Goswitz, shares some tips on how homeowners can net the most amount of money when selling their home.
Just like homeowners, Realtors who are listing the house want to sell the property for the most amount of money. Patrick Goswitz with eXp Realty in Knoxville, Tennessee shares 6 tips on how property owners can maximize their net proceeds when selling their homes.
1. Price it right
It’s important to price your home appropriately based on market conditions and the value of similar homes in your area. If you price it too high, it may sit on the market for a long time and eventually sell for less than it could have. Typically, the longer a home sits on the market the less value it brings in the eyes of a buyer. If you price it too low, you could leave money on the table.
2. Make necessary repairs and updates
Fixing any issues with the home and making cosmetic updates can help increase its value and make it more appealing to potential buyers. The best way to find out what you need to repair or replace is to hire a licensed home inspector. Realtors like Patrick Goswitz and The Goswitz Team will sometimes pay for a home inspection before listing a property to make sure there are no unknown problems with the home. The home inspection period is the reason most real estate transactions fall apart after a home goes under contract. A pre-listing home inspection can help prevent your home contract from falling through during the home inspection period. Additional work on the property can elevate your property value and appeal. Such as strategically financing a loft conversion, transforming your home into a coveted space that speaks volumes to potential buyers’ desires for modern, functional living.
3. Stage the home
Staging the home can help potential buyers envision themselves living there and can make the home more attractive to buyers. Some studies have shown that a staged home can spend about 73% less time on the market than a vacant home. There are several professional staging companies that can help you.
4. Professional photography & video tour
Good-quality photos and a video tour can help your home stand out and make it more appealing to buyers. The more showings you have the higher your chance of getting offers.
5. Market the home
Use a variety of marketing strategies, such as online listings, open houses, and social media, to get the word out about your home. Your licensed Realtor should be able to make sure your home is on all real estate websites across the world.
6. Work with a real estate professional
A real estate agent can help you navigate the process of selling your home and can help you get the most money for it. They can also help negotiate with potential buyers and handle the paperwork. The home selling process is not always easy and making sure your home is exposed to 100% of the buyers in the market is going to be the most important to ensure the highest and best offer.
To learn more about The Goswitz Team visit goswitz.com or visit their Google Business Profile. They would love to help with any of your real estate needs or help connect you with other agents in your market.