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Sangita Rousseau 03/27/2019 Are you planning to sell your home in
2019? A lot has changed about the real estate market in recent years,
and if you want to get the best price for your property, there are a few
important things you'll want to consider. The experts at Forbes Real Estate Council have
an inside look at market trends and understand what it takes to make a
profitable sale. We asked a panel of members to share
their best tips for homeowners looking to sell this year. Here's what
they had to say. 1. Speak To An Agent Before Fixing Up The Home Many homesellers spend a lot of time and money fixing up
their home to sell — but it's critical to speak with an agent before you
do any work. An expert agent familiar with your neighborhood and
market can provide you with recommendations that will generate
the best return on your investments and highest sales price. In many
cases, agents can also recommend reliable and trustworthy vendors. - Lisa Fettner, ReferralExchange
2. Think S.M.A.R.T. Selling your home in 2019 will be different from years past. Consider
adding Smart technology to the house. Next, Market the property at a
fair price with high-quality media and collateral. Then Add value to the
buyer by offering unique incentives. Repair the obvious defects
pre-listing, and Time your listing properly. Thinking S.M.A.R.T. in 2019
will help sell the home in a changing market. - Christopher Lazarus, Sellect Realty 3. List Your Home For Slightly Less Than You Want In a buyer's market, I find that it's often best to slightly
underprice your home in order to get top dollar. By underpricing, you
will create a sense of urgency and competition for your property that
very well could result in multiple bids or even a bidding war. You never
want to chase the market down, so even if you don't get multiple bids,
you will still attract interest while others adjust. - Stephen Glen Kliegerman, Halstead Property Development Marketing 4. Have Your Realtor Act As A PR Agent For The House Armed with high quality, professional photos, your realtor can
showcase the listing across online social media platforms, and possibly
even pitch the home to major online publications. Getting the maximum
exposure on your listing will garner the most interest and may even sway
buyers who weren't specifically shopping in that neighborhood. - Beatrice de Jong, Open Listings (YC W15) 5. Research What Current Buyers Want We're late cycle and at peak prices, so the buyers shelling out top
dollar have equally high expectations. I'd review online publications
like Houzz, which releases yearly market data on what resonates the most
with buyers. Everything from materials, color schemes, layouts and
which fixes yield the highest ROI are included. If you're a seller, this
should be on the top of your to-do list. - Ari Afshar, Compass 6. Price Your Home Ahead Of The Market Price, market reach and negotiations will be key in 2019. Buyers are
becoming more price-sensitive as the market shifts. Homes must be priced
ahead of the market. Our jobs as agents will be to get the property in
front of the buyers for whom it's right for. Proactive marketing and
strategic deal making will be key. Finally, savvy negotiations will get
homes into escrow and keep them there. - Kofi Nartey, The Nartey Group - Compass 7. Stage Your Property Staging a property is one of the most important things a homeowner
can do when selling their home. It's often difficult for a prospective
homeowner to visualize a home's potential without proper furniture
placement and a modern design aesthetic. Getting your home staged will
give it that extra "wow" factor. - Hillary Legrain, First Savings Mortgage Corp. 8. Consider Your Timing And The Cost Of Waiting Before locking into a long-term listing contract with a traditional
real estate broker, test what the market will give you cash today. Do
the math carefully on what it will cost you to wait to sell for three or
six months on a traditional listing, and factor in weather and market
direction risks. You might find selling sooner to an all-cash buyer is
more profitable. - Kent Clothier, Real Estate Worldwide 9. Update The 'Money Rooms' With the market shifting, buyers are more selective on the homes they
make offers on. Most of them want a home that is turn-key, so focus on
what I call the "money rooms." They're the rooms people spend the most
time in: kitchen, family room, master bed and bathrooms. Updating those
rooms, whether it be a major remodel or fresh coat of paint, will
produce a higher ROI than other areas of the home. - Brad Le, Compass 10. Justify Your Price Tag Be thoughtful in the home you’re selling. Today’s buyers are looking
for intelligence, and they want a much more holistic understanding of
how their home is juxtaposed within their micro-market. People are
willing to pay for better quality locations, unique yield on properties,
construction, design, team, etc., but the price tag on everything has
to be justified. - Cody Vichinsky, Bespoke Real Estate 11. Consider Whether Your Home Can Be Divided And Rented Out What will make your home stand out in a crowded marketplace?
Today, home buyers and property investors alike are seeking out the
"unicorn property," which is a home that is (or can be) divided to
accommodate a secondary living space for the new revolution of
shared-economy travelers. Put in a bit of work and investment and create
a second unit that will help pay the new owners' mortgage. - Garratt
Hasenstab, The Mountain Life Companiesâ„¢ 12. Price Fairly For A Buyer's Market This year it's not necessarily going to be a seller's market because
interest rates are going up and so is inventory. That means more product
on the market than prior years. So if you don't want your house sitting
for a long time you should probably price it fairly. You don’t want to
find a property that you want to buy but haven't been able to sell. - Engelo Rumora, List'n Sell Realty You may also access this article through our web-site http://www.lokvani.com/ |
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