Selling your home is a major step. Whether you are downsizing, moving to a new area, or simply ready to move on, the process of selling can be overwhelming. There are a lot of things to consider including the state of the local real estate market, what asking price you intend to list your home at, and how quickly you can expect your home to sell. Selling in a hot real estate market may be fairly quick and easy. However, buyer's markets may be a little more tricky. Here are three tips for selling your home.
Hire A Real Estate Agent
When it comes to selling their home, many homeowners prefer to list their home themselves instead of using the services of a real estate agent. While this may work well for some homeowners and even save money in fees, often hiring a real estate agent is a better option. In 2015, for sale by owners homes sold on average for $185,000 while the average for homes sold by real estate agents was $240,000. An experienced real estate agent can market your home more effectively and can make sure your home is selling at the right price for the area. The average commission for a real estate agent is between 5 and 6 percent of the sale price.
Stage Your Home
Getting your home ready to be sold involves more than just putting away clutter. Staging your home is a great strategy if you are looking for a quick sale. Staging your home may involve removing your furniture and items and replacing them with rented options that show off your home to its best potential. Staging a 2,000 square foot home will cost between $2,000 and $2,400 per month. However, it can pay off. Staged homes sell for an average of 17 percent more than non-staged homes and 95 percent of staged homes are on the market for less than 11 days.
List During Peak Season
When it comes to the real estate market, some parts of the year tend to be a little busier than others. In most areas, the spring season is the busiest when it comes to buying and selling homes. Real estate markets tend to stay active through the summer months before dropping off for the winter holidays. If you are considering selling your home and want to make sure that a maximum amount of potential buyers see it, then you should consider listing in the spring.
Selling your home may seem like a difficult task. However, there are a few things that can help. A real estate agent can help you sell your home for the best possible price and ensure that it is shown to a variety of potential buyers. Staging your home and listing it during the spring can also help it sell quickly.