Selling your home is a big financial and emotional task, which requires lots of planning. So before you decide to put your home on the market, here are four questions to consider.
What is my home worth?
factors go into determining your home’s market value. These include the
condition of the property, square footage, location, amenities, as well
as recent comparable property sales. For a snapshot of your home’s
current value, you can enter your address into a free online value
estimator tool. Alternatively, you can look at a recent property tax
bill to get your home’s tax assessed value, which is a percentage of
your home’s fair market value. If you know your state’s assessment rate
(which is usually between 80 and 90 percent), you can estimate fair
market value by dividing your tax assessed value by that assessment
How can I sell at the highest price possible?
are several simple, low-cost things you can do to boost the value of
your home. These include eliminating clutter, washing windows and walls,
and installing higher wattage bulbs to create a brighter environment.
Larger projects, like adding bedrooms and renovating kitchens and
bathrooms, typically yield more substantial increases in sales price.
Staging your home, which helps paint a picture for how buyers will use
their new space, can also add value.
How long will my home be on the market?
time your home spends on the market depends on several factors,
including location, how competitively your home is priced, and how
aggressively your home is marketed. Statistics show that if a home is
properly priced, an offer should come in within the first 12 showings.
If you want to speed up the sales process, don’t underestimate the value
of staging. Research shows that well-staged homes can sell up to 32
percent faster than homes that aren’t staged.
How can an agent help?
real estate agent can help with all aspects of the selling process,
from pricing to marketing to handling the intricacies of closing. An
agent will negotiate on your behalf to secure the best price – and
quickest sale – possible. Looking for an agent who can help guide you
through the selling process? Feel free to contact us!