You are ready to move to another house, but before you can make an offer on that beautiful house in the new development, you have to sell the one you are living in. If your old house is outdated; a little creativity, marketing and some staging techniques at the end may attract the appropriate buyer and seal the deal.
Extravagant old homes are full of character, but potential buyers, and their lenders, want assurances that the house is structurally sound. Taking some steps prior selling the house can make the difference between a quick sale and a home that sits.
1. Repairs and improvements
Some buyers look for that old fixer-above, but most people want a house they can live without having to catch a leaky drop in a bucket or steel wool objects under the door to keep the rats out.
Unfortunately, professional repairs are expensive, much less comparable to home values that are not worth the price. Prioritize repairs and improvements. Lenders do not like leaks because water can wreak havoc on the structure and interior of the house.
Damage from termites is another red flag. Treating termites and replacing damaged wood with new wood will give the house more charm. Asbestos is also another red flag. If you have asbestos in your old house, consider getting an asbestos removal Sydney service in your house first before selling it.
Ask the real estate agent to walk and advise you on which improvements buyers are most likely to make.
2. Inspections and appraisals
A realtor can give you free market analysis by comparing your home with recent home sales of the same age and condition. This will give you an insight of what your home will sell in the property market.
Since this is an older home, however, getting a professional examination and assessment can now convince potential buyers and their bank that your home can be comfortably lived in.
Professional inspection and assessment can cost several hundred dollars and an experienced buyer tend to bid if they think they need to make huge payments for that fee if the house does not pass the examination.
3. Boost exterior of the house
Curbside appeal is everything. A new paint, the removal of the covered shrubs and the limping of the landscape can appeal to potential buyers. However, don’t try to make your house looks trendy or modern if it won’t fit in with the style of the front yard.
A beautiful replica of a gaslight complements a Victorian home, where as a statue of a gold tiger would not appeal to the majority of buyers looking for historic homes.
4. Stage your house
A real estate broker will tell you that the first seven seconds of viewing your house; a homebuyer can make or break a sale. Initial impression is important so focus your efforts on making your house inviting since the buyer enters the door.
Staging, including removing family photos, getting rid of distractions, and arranging furniture for easy walking from room to room, can help. Your wedding photos are amazing, but you put them in a drawer for now.
The idea is to keep the room as clear and simple as possible so that buyers can move and imagine their own furniture and household items there
5. Buy House Guarantee
Home warranty does not mean that you are personally stand behind the house, but that means the insurance company will pay the new homeowner if the main equipment or appliances fail in the first year.
Most of the time, you need a check before purchasing a home warranty, but telling potential buyers little confidence that they would not be stuck with the cost of replacing the refrigerator or HVAC unit as soon as they move.
6. Offer reasonable price
No matter how much you love (or hate) your old home, it will only be sold for what’s in the real estate market today. This is where getting free market analysis from real estate agents helps.
Assessing your home competitively, you are more likely to get an initial offer. Bids issued immediately after registration is generally close to the asking price rather than bids that come months later.
If the house price is too high, can sit in the market, asks the buyer to ask what is wrong. If you underestimate it, buyers may also wonder what went wrong.
The right listings depend on the combination of the latest sales figures and the current home buying trend with a bit of luck- the word is thrown in. Get professional advice on this matter pays off.