What To Know When Selling Your House By Owner

What To Know When Selling Your House By Owner – Written by Mia Taylor Written by Mia Taylor Arrow Contributing Writer Mia Taylor is a contributing and award-winning journalist with two decades of experience working as a staff reporter or contributor for some of the nation’s leading newspapers and websites, including the Atlanta Journal. -Constitution, San Diego Union-Tribune, TheStreet, MSN and Credit.com. Mia Taylor

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What To Know When Selling Your House By Owner

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Even in a seller’s market, where inventory is scarce and bidding wars are common, it still pays to invest some time and energy into positioning your home to sell for top dollar.

This effort can involve a variety of steps, from working with a real estate agent who truly understands the local market to spending some money on key renovations and improvements that will encourage buyers to pay a higher price.

Here are 10 tips for selling your home that realtors say will set you apart from the competition — and help you sell for more money.

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Working with a skilled real estate agent who knows your local market inside and out can help you sell your home faster and often for more money. In fact, data from the National Association of Realtors shows that in 2021, homes listed without the help of a Realtor sold for a median price of $260,000, while homes sold with one fetched a significantly higher median of $318,000. Interview several candidates before you commit to an agent — the better you get along, the easier the process is likely to be.

Deciding which home improvements to invest in can be difficult and costs can add up quickly. The key is to spend your money on projects that will give you the highest return on investment. According to data from Remodeling Magazine, garage door replacement is the single most valuable investment when it comes to ROI. The average return on a new garage door is just under 94 percent.

Even minor kitchen upgrades are a wise investment, says Realtor Jade Lee-Duffy of TXR Homes in San Diego, California. “The heart of the home is the kitchen, and many buyers will judge a property by its kitchen,” she says. “While a complete makeover of this space can run into the thousands, a small update is where you can get the most bang for your buck. Think about resurfacing cabinets, replacing countertops, a new coat of paint, or updating fixtures and hardware.”

Updating a bathroom is another wise investment, says Katie Severance, a Realtor with Douglas Elliman in Palm Beach, Florida. “Renovated kitchens and baths are the ‘money room’—the ones that add the most value to a home,” she says.

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Curb appeal shouldn’t be overlooked: As the saying goes, you don’t get a second chance to make a first impression. “Make sure your front yard is free of debris, bushes are trimmed, and grass is mowed,” says Lee-Duffy. “Also, add some bright potted plants near the front door to make buyers feel welcome.”

Some simple updates that really improve curb appeal include touching up the exterior paint, adding window flower boxes and installing a new mailbox, the division says. “Adding rich-looking mulch around shrubs and trees can really add charm,” she adds.

Investing in a home inspection before putting your property on the market is another step to consider. “You don’t want any unexpected surprises,” says Lee-Duffy. “It’s best to find out in advance if there’s a problem you can fix before buyers discover it themselves. That will give them the power to negotiate a lower price.” Or, in the worst case scenario, a reason to back out of the deal. So it might be worth a few hundred dollars for the peace of mind.

However, there is a downside to pre-listing inspections. “Be careful, because once a seller becomes aware of an existing defect and does not correct it prior to listing, he is obligated to disclose it to the buyer,” says the division. “Defects known to the buyer but not disclosed before accepting the offer, may vitiate the deal.”

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Spending a little money on high-quality photography can help sell your home for a higher price. “Most people look for property online,” says Lee-Duffy. “If the photos pop, that can translate to a higher sale price — and sell faster, too.”

However, you may want to leave some things to the imagination when it comes to listing your home online. “I advise against photographing every square foot of the house,” says Bibhajan. “The goal of Photographs is not to give away all the goodies online; He wants the buyer to see more—to blow their whistle so they’ll be tempted to see him in person. If they don’t come to see the house, they probably won’t make an offer.”

When it comes to home staging, says Split, there are two rules of thumb: less is more and keep it neutral.

“Getting buyers interested from the front door is very important,” she says. “Pay extra attention to the entry hall and invest heavily in staging this part of the house. repainting; put flowers; Buy a new area rug, an impressive mirror or a dramatic piece of art.”

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Remove items and clutter that visually shrink the room, such as large ottomans or too many plants, and remove everything from the kitchen counter except for one or two new-looking appliances. “And don’t forget to stage the deck or patio, because

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