Selling your home can be an exciting time, but are you aware of the best ways to make profit? Here are 4 tricks of the selling trade from cost effective changes you can make to your home, easy ways to dress your home up and tips on marketing your property for the best results.
Building the Value
Are you aware of the best ways to make a profit from selling your home?
The potential that real estate holds as a money-making venture can be seen in the total worth of dwellings in Australia, which according to CoreLogic RP Data has now breached $6 trillion. To put that in perspective, if you managed to save $50,000 every annum, it would still take you 120 million years to top $6 trillion.
In light of this, how can you increase your microscopic slice of this substantial pie? Here are 4 tricks of the selling trade to help.
If you would like to increase the profits from your sale, there are a number of renovations that can add disproportionate value. This means they take less from your wallet than they add to your home’s price tag.
Choosing the Value
Determining a price for your home can be an extremely hard decision, as you have to find a neutral ground between the market and your ambitions.
If you set the price of your home too high, it’s very unlikely that it will sell and you will have to stump up the payments for an extended campaign. On the other end of the scale, if you fix the price too low, it will most probably sell but you will miss out on potential crumbs of the $6 trillion pie.
To get a precise and up to date idea of how much your home is worth, you can study recent market reports and blogs to see how much money similar homes in your area are garnering. Sell my home in Panama City
Alternatively, a real estate agent can offer their impartial opinion of the value of your home, based off their knowledge and experience of the local market.
Dress Up Your Home
It’s important that your home is looking its Sunday best for any inquisitive buyers during an open home.
Marketing Your Home
This is where it can really pay to have an expert on hand. As well as photographing your property, this can involve drawing up a floor plan, writing an enticing description, determining a target market and the most suitable forms of advertising.
Using a real estate agent will also allow you to market your home via their agency social media channels, website listings, word of mouth (with other agents and clients) and mail flyers.