Planning to sell your home this season? That’s great! Before listing your home on the market and setting a price, we recommend taking a few steps to increase your property value and possibly even make a profit on the sale!
Selling a home involves many factors, but the ultimate goal is to maximize profits. If you’re unaware of what you owe or the true value of your house, you may end up getting cheated out of the profit you deserve. As Ben Weaver always says, knowledge is power! Let us help you get a fair profit (and maybe a little extra) with these four real estate tips. For more real estate advice, check out our previous blogs or contact real estate lawyer Ben Weaver!
Hire A Professional Realtor
Hiring a professional can actually boost your profits, not just increase your costs. While you may know your home inside out, you may not be familiar with the ins and outs of the real estate market. So why not leave the technicalities to a professional? Sure, the fees of hiring a real estate agent might be an extra expense, but the profit you may get will more than makeup for it!
Also, don’t just hire anyone or the most affordable agent on the list. Look for someone with great reviews, impressive credentials, and results to show, even if they charge more than the competition. You can make up for the fee with double the profits they can secure based on your property value. On the other hand, you may end up losing money if you hire an inexperienced agent who charges less but brings in lowball offers.
With an experienced real estate agent or realtor on your side, you can nail the listing timing, and they will also be able to market your house to its true potential. This will ensure you get the best offers on the market and maximize your profits with a successful home sale on time.
Pricing The Property
When selling your home, pricing matters the most. If you don’t set the right price in time, your house may sit on the market longer than necessary. The longer it sits on the market, the more it loses its potential to fetch a hefty profit. A house that’s been on the market for a long time loses its value in the eyes of the buyer. The buyer’s perception is crucial when selling a property, so avoid the pricing mistake when listing your house.
Here are some tips that will help you nail the price point:
Neighborhood Comparisons: Start by comparing the prices of all the houses in your neighborhood sold in the last three months. Check if the prices have increased or decreased, and check for competitors. Competitors are the properties that are still on the market. Also, try and judge your house from a potential buyer’s perspective; this will help you uncover many shortcomings regarding your property that you can eliminate and increase the value of your home.
Hire an Agent Who Knows Your Neighborhood: Your research will also show you how other house sales in your area are handled. Choosing the right agent is crucial in maximizing your profit. Your agent can highlight the best features of your property and stage it effectively for potential buyers.
Stage Your Home
If you are unfamiliar with the concept of staging your home for sale, it will do you a world of good to check out how it’s done. Or you can also hire a professional to stage your home. Your agent can help you hire the right decorator for that, too. A well-staged and thoroughly cleaned house helps the buyer see the true potential of the house. However, make sure you know your target audience before staging your house. Declutter, clean, and beautiful homes help buyers see the house of their dreams, even before they seal the deal!
Perform Basic Repairs
A small amount of work can go a long way. You don’t need to spend a lot of money or make major changes. All you need is a fresh coat of paint and some repairs in functional areas of your house, such as the kitchen and bathrooms. Maybe replace some hardware on cabinets and sinks. With these improvements, your house will be good to go. The new buyers will be responsible for their repairs and remodeling, but they will also appreciate the work you may put in. Moreover, the outside matters as much as the inside, so increase your curb appeal by getting a pressure wash, tending to your front yard, and giving the front of the house a fresh coat of paint.
“Ben helped me with the selling and closing of my house in Arlington Heights. He made it easy and it was a positive experience.” – Client Testimonial
Selling your home for profit isn’t just putting it up on the market at the right time; it’s a lot more complex than that. Making a profit isn’t easy, but with a few solid real estate tips, you can get a well-deserved return on your investment AND sell your house quickly. What could be better? For help with price negotiations or the closing, contact attorney Ben Weaver!
Ready to sell your home this moving season?
Wondering how you can make a profit in the process?
Enter the next chapter of your life with 23 Legal: (847) 447-6004
Why Choose 23 Legal
23 Legal offers Real Estate and Estate Planning legal services to individuals, families, community associations and small business owners throughout Chicagoland. We know how intimidating “the law” can be. In fact, when most people think of law offices, they think of stuffy leather chairs, huge wooden desks and pompous lawyers who charge outrageous fees. That’s not us! We believe in 1-to-1; the same lawyer should work with you all the way through. Whether you have an estate planning issue, family trust concern, or you have a legal problem in regard to a new home, business, real estate or remodel, you need a lawyer who cares. That’s where Ben comes in! We are great listeners; more than that, we are lawyers who believe that our clients always come first.
