In every kind of trades, if you have good preparation as well as perfect selling strategies, your products will definitely be sold out soon. Real estate market is also not an exception. Therefore, if you want to sell your home on your own, you need to have precise plans as well as smart strategies. Here are some factors you should consider before deciding to sell home by yourself.
The local housing market
Sun Tzu – a Chinese general, military strategist, and philosopher – used to say that “know yourself, know your enemy, and you shall win a hundred battles without loss”. Therefore, in real estate market, it is also important to understand the market and to look at comparable homes in your neighborhood to get a general idea of what the competition looks like. One place to find local and regional housing statistics is through the National Association of REALTORS® on REALTOR.org. If you really want to go the extra mile in reviewing comparable properties, visit open houses and search real estate websites that publish on the Multiple Listing Service (MLS). Be careful in assessing the market, If you can’t correctly gauge the market’s direction and speed, you may also fail to assess your home’s correct value. This effectively renders you “out of market” and results in selling unnecessarily cheaply.
One of the key factor in sale is knowing what you are selling. If you want to sell your home, you have to know exactly the status of your house. From that, you will know which parts of your house should be upgraded and which parts should be highlight features of your property. Declutter the living areas, depersonalize the space, repaint wall to neutral wall, or stage your property are all the things you should take into consideration. Don’t be lazy, by putting some effort and time on it, the value of your property will be double.
Working individually is definitely not effective as working in a group, especially in a group of professionals. Normally, when you go to the real estate agent, their realtors will give you a brief assessment about your property and about the market for free. Consider to visit 2 -3 realtors to collect their advice, then if possible, find the best one.
Another professional that you need to keep in mind is real estate photographers – who help to entice the potential customers with stunning and captivating photos. To sell your home fast, professional real estate photography is necessary. It is really worth your pennies, because customers tend to justice the book by its cover.
Making use of social media to help advertise your property. Realtor.com, Trulia, and Zillow are a few examples of real estate websites that expose your home to potential buyers. You can create your account there and post your listing ads. Some websites may require fee for feature listed, so you can consider to invest on it. Or you can make use of social networks such as Facebook, Instagram… Post your selling ads with your appealing real estate photographs and then ask your friends to share it to make it visible for many people.
Here are some basic steps to help you imagine the road map of selling property. Basing on this guideline, you will know what should be done first, next and last. Although selling property is a long process which requires more effort and patience, you still can succeed if you know what to do.