How To Get A Higher Sales Price
Updated: Nov 4, 2022
There are several things you can do to increase your Oklahoma City home's value when it's time to sell. You can make improvements that appeal to prospective buyers, such as updating the kitchen, or a fresh coat of paint. It's also good to have fully operational appliances that are in good condition. Buyers pay attention to all of these details, so it's vital that you know what they are!
Preparing your home to sell
First step: Declutter.
This means hiding most personal items, as well as replacing any items that are not in good condition. This will help prospective buyers see your home as a blank canvas. It's harder to picture themselves living there if they're picturing you living there.
Next: Deep clean.
Every square inch needs attention. Take care of any necessary repairs. Even small repairs make a world of difference in how buyers perceive your home.
Next: Curb Appeal.
This is your buyers' first impression of your home when they pull up to your home, so you want to make sure you put your best foot forward. Power wash the exterior of your home, add fresh mulch, plants, and flowers to the landscaping. Finally, make sure the front door is welcoming.
These simple tips can help you dramatically increase your home's selling price. We also have a carefully curated guide for helping you prepare your home, not only for real estate photography but also for showing.
"Homes get 64% more views the day they first hit the market compared to the day after a price reduction." – Hannah Tan, Redfin Corp.
What are the tricks to get a higher price?
There are a few things you can do to give yourself the best chance to sell your home for a higher price. First, ensure your home is in great shape before you put it on the market. This means making repairs, correcting cosmetic issues, and ensuring the home is clean and clutter-free. Next, you need to price the home competitively - don't overprice it and scare off prospective buyers, but don't underprice it and leave money on the table. Finally, find a real estate agent who has a great track record so you can maximize your chances of getting a higher sales price.
Market conditions when selling a house
The goal is to get the highest price possible. So, how do you do it?
The most critical factor in getting a high price for your listing is understanding current market conditions. Knowing what buyers are looking for and how much they're willing to spend to get it, will put you in a much better position to negotiate a higher sales price.
Here are a few things to remember when evaluating the market:
1. Is it a buyer's market or a seller's market? There are more homes for sale than there are buyers in a buyer's market, so prices trend lower. The inverse is true in a seller's market, meaning that prices are usually higher.
2. Location, location, location! Desirable neighborhoods will always help fetch a higher price.
3. The condition of your home. If the property needs extensive repairs or updates, it will probably go for less than a similar home that is in move-in condition.
4. Size matters. Larger homes usually sell for higher prices.
Packing, clean-up, and moving day
First impressions matter. Before listing your home, it's important to do some basic cleaning and decluttering to make your home more appealing to prospective buyers.
Start by packing up any personal items that you don't need to make your home look more spacious and clean. It shows that you have put care into preparing it and it will be one less thing for buyers to worry about when they move in.
On moving day, tidy up the outside of your home as well. First impressions matter even when buyers are just pulling up to take a look. A neat and well-kept home will increase its curb appeal and likely help you get a higher price.
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