There comes a time in our lives when the home we spent long years in no longer serves our lifestyle, and we need to move on. Whether you are relocating for work, or need to downsize, as your children have all grown up, you have to make several good decisions to make the process of selling your house smoother. Below you will find a few things you will need to decide on early to get the best price in the shortest period of time.
Renovate or Not?
When putting your home on the market, you want it to look as desirable as possible. You might spend a couple of thousand dollars to put in a new kitchen and impress female buyers, but you need to be careful and make sure that you are getting a good return on investment. Anything that is essential, such as upgrading your electrics or heating system will add extra security for your buyers, but unnecessary renovations should be avoided.
Should You Redecorate?
You can start redecorating when you decide to sell your home, if it looks tired and dated. Alternatively, if there are some cosmetic issues you want to address, or your color scheme is unique and doesn’t appeal to the general public, you can simply repaint the walls using natural colors, such as magnolia or white. This will help potential buyers look at your home as a blank canvas and imagine their designs.
Selling Privately or Through an Agent?
You will need to use a professional if you are short of time, otherwise, simply advertise and host a viewing party. However, if you wake up in the morning with the thought that “I want to sell my home quickly”, you might want to get in touch with a professional with a proven track record in your area. They will discuss your options, provide expert valuations and advice on how to make the most out of your sale.
Is This the Time to Sell?
It is recommended to look at property price trends in your area before putting your house on the market. If the prices are predicted to go up, and the demand is growing, you might wait a few months and let your property out for a while, so you can maximize your return on investments.
Will You Get Enough Finance to Move?
Before you start selling your house, it is recommended that you check your financial options to make sure that you can afford a new place from the extra finance and the proceeds of your sale. Calculate the cost of moving, legal fees, and estate agent commissions, when working out how much money you have to budget with.
It is important that you consider all the above options before you sign the agreement or start advertising your house for sale privately. Plan your journey, create a detailed budget, and make sure that you are prepared for roadblocks. Decide on a timeframe and a desired price you want to achieve for your property, so you can afford to move on and start fresh.