.png)
Homeownership is a dream for many in Denver Colorado. It represents stability, a place to raise a family, and an investment for the future. However, when it comes time to sell, many homeowners make avoidable mistakes that can cut zeros off that final sales price. Here are five of the best tips, along with advice on how to avoid a few mistakes the next time you list your home for sale.
1. Use a Realtor with SRS designation
Selling your home is a big decision, and it’s one that you shouldn’t take lightly. There are a lot of things to consider, from deciding when to put your home on the market to setting the right price. And unless you’re an experienced Realtor with proven sales behind you, there’s a good chance you’re not familiar with all of the ins and outs of the process. A Seller Representative Specialist (SRS) agent will have extensive knowledge of the local market and can help you price your home competitively. They can also provide invaluable assistance when it comes to negotiating with buyers and their agents. In short, working with an experienced agent will give you a much better chance of selling your home quickly and for the best possible price.
2. Pricing Your Home Right
Especially in this quickly changing market, when selling your home, it is important to price it correctly from the outset. A common mistake sellers make is pricing their home too high, thinking that they will be able to negotiate down to their ideal price. However, this often backfires, as buyers are often turned off by homes that are priced above market value. Not only does this make your home less likely to sell, but it can also lead to your home sitting on the market longer, costing you money in the long run. It is always better to err on the side of caution and price your home slightly below market value. This will make it more attractive to buyers and increase the chances of a quick sale.
3. Make the Right Repairs and Renovations
Don't neglect the major repairs or costly renovations. While it may be tempting to save on upfront costs, this can lead to a lower sale price and/ or longer time on the market. Buyers are typically looking for a home that is move-in ready or as close to move-in ready as possible, and they are often willing to pay more for a property that doesn’t require immediate repairs or significant updates. In some cases, ignoring major repairs can even result in the buyer’s loan being denied. If you are planning on selling your home, it is important to make any necessary repairs and to avoid making any changes that could deter potential buyers. By taking care of your home before putting it on the market, you can help ensure a smooth and successful sale.
4. Stage Your Home
When you're selling your home, first impressions are everything. That's why failing to stage your home is a mistake. Buyers are looking for a home that they can picture themselves living in, and if your home is cluttered or outdated, they may not be able to see past that. A well-staged home will help buyers see the potential of your space and fall in love with it. Staging doesn't have to be expensive or time-consuming; even just decluttering and adding a few fresh touches can make a big difference.
5. Keep a Flexible Schedule
Showings give potential buyers the opportunity to see your home in person and get a better sense of its size and features. The more showings you have, the greater the chance of selling your home. While it may be disruptive to have people coming through your home on a regular basis, it is important to be open when it comes to showings. You never know when the perfect buyer will come along, so you want to make sure they have the opportunity to see your home.
6. Negotiate
Negotiation is a normal part of the home-selling process. In most cases, buyers will try to negotiate for repairs after an inspection is completed, so it is important to be prepared for this. If there are certain repairs you are unwilling to make, be sure to communicate this to your agent so they can negotiate on your behalf. At the same time, try to be open to compromise. By being flexible and willing to negotiate, you are more likely to come to an agreement that works for everyone.
If you have any questions about the selling process or want more information about the SRS designation, and how I can help you sell your home quickly and for top dollar, please don’t hesitate to contact me. As you know, I'm happy to share my knowledge and expertise with you so that you can make informed decisions throughout this important time in your life.
For more tips and inspiration be sure to like this post, subscribe to her on social media, and follow Jennifer Langhals, Realtor with eXp Realty in Denver Colorado.
