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Hey, are you thinking of selling your house and moving to a new place this year? That's awesome! But I know it can also be a bit bittersweet to leave behind your current home.
Don't worry, I've got some tips for you to balance those feelings and make sure you're happy with your decision. Just follow these three simple steps when you're ready to sell.
1. Price Your Home Right
The housing market changed a lot in 2023 as mortgage rates went up and home prices started to level off. As a seller, you still need to know how much your house is worth in today's market.
Sellers need to get to know their local market and work closely with a local agent to make sure their listing is appealing to buyers. Buyers are more choosy these days because of affordability issues, so a well-priced, well-maintained home is the key to getting lots of interest.
If you price your house too high, you might scare off buyers. And if you go too low, you're losing money. An experienced real estate agent can help you figure out the best price for your house, so you can sell it fast and for a good profit.
2. Keep Your Emotions in Check
Nowadays, homeowners are staying in their houses longer than they used to. The average time a homeowner has owned their home has gone up from 6 to 10 years.
That's a long time to live in one place. And it means you might have a stronger emotional connection to your space. Maybe it's the first home you bought or the house where your family grew up. It probably means a lot to you. Every room has memories, and it's hard to let go of the sentimental value.
For some homeowners, that makes it harder to separate the emotional value of the house from the fair market price. That's why you need a real estate professional to help you with the negotiations and the best pricing strategy. Trust the pros who have your best interests at heart.
3. Stage Your Home Properly
You might love your decor and how you've made your house your own over the years, but not all buyers will share your taste. That's why it's so important to make sure your home looks great to as many buyers as possible.
Buyers want to imagine themselves living in the home. They need to see their own furniture and stuff in there - not your pictures and knick-knacks. Buyers will picture themselves in your home as they tour it and home staging is a way to show off the property in its best light.
Jeff Madill can help you with staging tips to get your house ready to sell.
Final Word
If you're thinking of selling your house, let's chat so I can help you navigate the process and focus on these must-do's to maximize your home's value.
