As you get ready to sell your home, it’s important to keep your selling costs down. If you can’t save on seller closing costs or property taxes, here are some tips on how you can reduce the cost of selling your house in other ways. This is not a comprehensive list that covers all the costs that may come up during a real estate transaction. Nonetheless, these are great and easy ways to make your home sale go faster and cost you less money in the end. From decluttering to making small repairs, follow these tips and you’ll be able to save money and sell your home quickly.
Do Your Own Research
Researching the home-selling process on your own time is key when looking to keep costs down. Ask yourself what potential buyers are seeking out in a home and then determine which improvements or updates you can confidently tackle on your own. Knowing which projects should be left for the professionals and what improvements will entice potential buyers can save both time and money and ultimately, put you in a better position when it comes time to sell your house.
That being said, you should rely on your real estate agent for advice and guidance about the market, but two minds are better than one, so take on some research responsibilities to move the process along and become acquainted with your local market. And, if you’re one of the many who are tempted to scrap realtors and sell your house online to save money, think again. Real estate agents know what needs to be done in order to sell your house and they know what potential buyers are looking for.
Save on Moving Costs, Get Rid of Clutter
The more stuff you have lying around, the more it will cost you to move it all. Most people don’t fully realize the extent to which clutter can cost them in the long run! When trying to prep a home for sale, it is essential to declutter as much as possible. Not only will you feel refreshed and organized, but you’ll also avoid moving costs due to the decrease in items in your space.
To begin getting rid of unnecessary items, be sure to do one room at a time – designating one area where all unwanted items can accumulate until they are properly removed from your home. Taking the time now to do this crucial step will ultimately save you loads in the long run.
Do You Really Need To Make Major Changes?
Does it make sense for you to stick to cosmetic updates that won’t break the bank? When it comes to prepping your home for sale, it’s important to balance the desire for a higher profit with practicality. You may not need to make any costly repairs or overhauls – all you might need are some easy, minor updates that won’t put a strain on your wallet. If this is the case for you, stick to cosmetic changes like replacing fixtures, cleaning carpets, and painting walls in neutral tones; these will make a much more effective difference than big-ticket renovations. The extra money saved from avoiding unnecessary upgrades can be spent elsewhere, helping you make more money overall when it comes time to sell on things like seller closing costs and property taxes.
Stage Your Home Yourself
Staging your home yourself before it is put up for sale is a great way to save some serious money. You can make vital changes with minimal costs such as depersonalizing the space, decluttering, and updating furniture and fixtures.
However, It’s Okay To Hire Someone
That being said, if you are not too sure of how to do these things yourself then it might not hurt to put in the extra investment and hire a professional stager. Think about it this way: the better your home is staged, the more appealing it will be to potential buyers, which may lead to a faster sale. That means money savings for you. A stager will bring their expertise to the project, creating an impactful look that could draw potential buyers’ attention to your home. Be sure to weigh both options when you are preparing your home for sale – ultimately picking the one that works best for you in terms of budget and desired outcome.
If you need to find a home staging company but aren’t sure where to look, ask your real estate agent. Real estate agents have contacts for those services, and a good buyer’s agent will point out the fact that you took the time and effort to have your home staged when they walk their clients through your home.
Price Your Home Competitively
One of the fastest ways to achieve a quick home sale is to price competitively, and not too high. Overpricing often discourages potential buyers who might otherwise make an offer. Setting the right price for your home is essential to success when you’re selling. Your home’s sale price can be alluring, or it can be a huge deterrent for buyers. If it’s overpriced, potential buyers may have difficulty taking it seriously which could lead to a slower timeline to complete the home sale.
How To Determine a Proper Home Sale Price
When determining an appropriate amount for your home’s sale price, take the time to research recent sales in the area of similar homes. You can rely on your real estate agent for this. Your real estate agent will do what’s called a comparative market analysis (CMA), where they look at historical data, geographical data, the average Colorado home value in the current market, and similar properties to determine a fair market price for your home. This way you can be confident that you are pricing your home competitively and giving potential buyers enough incentive to consider making an offer. With careful consideration and competitive pricing, you will be well on your way to selling quickly at a great price!
Are You Ready To Sell?
Now that you know how to keep the costs of selling your home low, you’re ready to get started. If you aren’t able to save much on seller closing costs or on taxes, or you anticipate having to make seller concessions, then follow these tips and you’ll be well on your way to a smooth and stress-free sale. When you’re ready to list, make sure to contact Tracy Alford for a free home valuation. With years of experience in the industry, Tracy knows what it takes to sell a house fast and for top dollar. So what are you waiting for? Give Tracy a call today!
