Let's face it... Owning a home is one of the greatest freedoms one could possibly obtain. And if you're lucky enough to own in a seller's market, you not only have freedom, but also a place of power! Lucky for you this is what is happening right now in our market, and the forecast says it will continue into 2014.
Here Are Some Things To Look Out For!
1. Overprice Your Home: This is a big one! It may sound like a mixed message to want every last penny out of your home without being greedy, but it is definitely possible, and not to mention the best approach! It comes down to staging your place properly, and pricing it correctly. Even after all is said and done, the secret is to not become attached to the price you start at. As soon as you attach yourself to a number, you've already set yourself up for disappointment. Trust that your home will sell for what it is truly worth, and trust the process. The market will always yield you what your home is worth in the end. So sit back, relax, and enjoy the ride!
Advice: Even if it is a very emotional decision, try to be as practical as you can about the process. Hire an agent who will gently remind you (someone who will be by your side every step of the way).
2. Clutter: This one is really simple! Just don't do it! Declutter the entire house by removing most items on the countertops, family photos, magnets and pictures from the refrigerator. If you find yourself overwhelmed with this process, not to worry, it is an easy fix. If you have a garage or attic space, you can box everything up and store it nicely. Buyers will look beyond the boxes in the garage or attic because these are not living areas. It is only when all of your things are in the living areas does it distract the eye, and buyers cannot look at your place wholeheartedly.
Advice: Talk to a professional stager who can give you advice or maybe even add a couple of items to your place to add that finishing touch.
3. Play The Field: Hiring the wrong agent is a secret sale killer. The wrong agent who is not up to date on the local market can cost you a lot of money. It's the old 80/20 rule where 20% of the realtors are doing 80% of the work. Knowing what properties are coming on the market daily is crucial, and your realtor should be checking the MLS daily.
Advice: Interview at least 3 agents before listing your home. Ask them how many of the homes they list actually sell!
It can be very exciting to have multiple offers on your home! So let's do this with excitement, with skill, and with our best ethics in mind. At the end of the day, you want to feel good about the choices you have made, right?
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