How to Get the Best Price When Selling Your Home

Selling any real estate in Rye is a tough decision to make for anyone, regardless of why they’re selling it. But when it comes to selling your own home, it can be even tougher. A person could be selling it because their family has outgrown the house, or the children have all moved out, making the house an empty nest, or even because the owner has fallen on hard financial times. In any case, they may have spent years in the house, made memories and gone through both good and bad times. As such, selling your home can be a highly emotional task, and you want to get the best possible price for something that means so much to you.

Here are a few tips to help you cash in on your real estate in Rye sale:

Market it well

Get in touch with a good real estate agent who is willing to pull out all the stops when it comes to marketing your property. This includes distributing flyers in different areas, a professional photoshoot to make your property look its best, a signboard, neighbourhood letterbox drop, and social media ads. The more people you reach, the more prospective buyers you’ll have and the more room to negotiate.

Choose the right time to sell

Some seasons are more of a buyer’s market and some are for sellers. Pay close attention to market trends in your area or get in touch with an expert to get a more in-depth view into what’s currently going on in the property market. A good indicator that you’re living in a seller’s market is if your neighbours have recently started selling their properties for high prices and are now moving out.

Understand your market

The key demographic of an area can change every decade or so. If you’ve been noticing more and more young couples buying houses in your area, the area may have now become more attractive to people in that demographic. This could be because of local developments, such as a newly-built school, or a new train station, or even the growth of night-life. Understanding the people who might be looking for a property in your area can help you market yours effectively to attract them.

Renovate without over-captalising

While it is true that it is the kitchen and the bathrooms that sell a house, spending all of your money on renovating these two parts of the house and leaving the rest of it looking like it came right out of an 80s home magazine could be doing you a disservice. Small upgrades to the entire property could bring you more money than doing the above. However, it is just as important to be smart about how you invest in upgrades. Ask your agent about the places in the house that need the most work and where you’d stand to gain the most.

Invest in professional styling

Did you know that over 87% of home buyers rely on the pictures they see online to make a decision on whether to go for an in-person house inspection or not? By taking pictures on your iPhone and including it in your property listing, you could be eliminating yourself from the race before it even begins! Studies have shown that professionally photographed houses not only sell for a 47% higher asking price per square foot but also sell 32% faster.

A professional stylist will set you back a few thousand dollars, the return on your investment will equal tens of thousands of dollars.

Sell fast

The longer a property remains on the market, the fewer the takers get, and the more the price drops. This is because buyers start thinking there must be something wrong with the property for it to still be available. If you’ve found a good buyer with an attractive offer for you, take it. Don’t wait around for another better buyer with more money to show up—it’s more likely that they won’t.

Additionally, remember that the highest offer is not always the best offer. They could have very long settlement times or include clauses that ask you to renovate parts of the house at your own expense before the sale. In such situations, working closely with your agent can help you get the best deal for your real estate in Rye.