There were over 5 million homes sold in 2020. During the housing boom in 2021, this number likely rose to even higher levels.
Now you’re ready to get in on the action! Are you trying to figure out how to get the best price for a house sale? Maybe you’re just extremely ready to move and need to sell fast, but you still don’t want to get an unfair price for your home.
Either way, learning how to sell your home to get the most money comes down to the numbers, timing, and strategy.
Keep reading to learn 4 major tips that will help with selling your home sooner rather than later.
- Make Those Small Changes
Whether it’s outdated fixtures, an old paint job, or small repairs, making your home as desirable as possible by updating necessary areas is the best thing you can do if you want to get the right price at sale.
How much impact a project will have will depend on what value your home currently is at and what your market is like.
- Learn About the Market
If there are a lot of homes for sale in a local market, this is referred to as a “buyers’ market” because prices are lower. However, if there is a short supply of homes for sale, you’re in a “sellers’ market” where prices can be a little bit higher.
Check out how many days homes in your area have been on the market to see if you’re in a buyers’ or sellers’ market. You can also take a look at the rate of home price appreciation to see how fast those prices are going up.
- Set Your Price Right
When a seller overprices their home, they are going to risk taking longer to sell, not selling at all, or having to drop the price. A lot of buyers will search with a price range in mind because they know how much they can afford, so your home might be harder to find if it’s not in the right price bracket.
- Choose the Right Time
It’s a good idea to sell not only when there are more buyers, but also when you have enough equity in the home to pay it off. This way, you can start fresh with a new mortgage at your new home.
You’ll also want to think about whether you want to sell quickly for a good price or maximize your house sale price profits, as this will impact when the right time to sell is for you.
Remember that you’ll have to cover selling and moving costs (including hiring movers like neomoving.com), so offset these costs by selling at the right moment.
Selling Your Home With Ease
There are a lot of tips out there to remember when selling your home, but these are just a few of the basic ones that you’ll want to think about going forward. Selling a home is hard work and takes time; you want to do it right to avoid wasting time on the market.
It’s time to start thinking more about how you can turn your “for sale” sign into an actual sale. Check out our real estate section to make that happen.