Linda A. Cappello. Broker, GRI, ABR's Blog
Home staging is one of the most tried-and-true methods of selling your home faster. It can also help you increase the purchase price of your home by between one and five percent.
However, working with a professional home stager--while a good investment--is not always in everyone’s budget.
The good news is, there are a lot of simple and inexpensive ways to stage your home that will give visitors a good first impression, make for great photos for your online listing, and hopefully help speed up your home sale.
In today’s post, we’re going to break down six of the most effective and inexpensive home staging tips to help you sell your home faster.
1. Declutter everything
Cleaning out your home is one of the best ways to make it appear more spacious and welcoming. It gives you the chance to start packing items you won’t need until you move into your new home, and it opens up space to use a few choice decorations around the home.
For things like cabinets and closets, remove all of the items you won’t need until you move. A closet that is half-full will look much larger for guests viewing your home.
2. Clean carpets and polish wooden furniture
Carpets, flooring, and furniture make up a large percent of the visible space in your home. Leaving these items dirty or worn when selling your home is missing out on a huge opportunity to make your home look up-to-date and well-maintained.
You can rent a carpet cleaner for as little as $20, and a gallon of wood polish costs around $15, making these two items a solid investment for staging your home.
3. Paint with bright colors
When we paint our homes we usually choose colors that we like, rather than ones that appeal to the largest number of people. And although that’s a great thing while you own a home, it can be detrimental when it comes time to sell. Repainting dark walls in bright, neutral tones will make the room feel larger and well-lit.
4. Paint the front door while you’re at it
A freshly painted, bright colored front door can be the secret weapon when it comes to making your home stand out amongst your neighbors. It is a cheap way to quickly freshen up the exterior of your home and increase curb appeal.
5. Purchase a new welcome mat and mailbox
Welcome mats tend to get a lot of use and wear down. Similarly, mailboxes often get dented and faded over the years.
These two items can be excellent accents to improve the curb appeal of your home. Choose colors that match the overall color scheme of your home to establish a sense of continuity.
6. Rearrange furniture to allow foot traffic
When someone comes to view your home, you’ll want to sure they have ease of access to each part of the house. Rearrange the furniture in your kitchen, dining room, and bedrooms to make it easy to tour the home.
If your home is on the market, you may wonder why it hasn’t moved off the market. There are many ways to make adjustments to the price of your home, but if not done correctly, you could sabotage the sale of your home. Let’s say that you have your home as an FSBO (For sale by owner.) Buyers may wonder what’s behind the price of the house. Does the seller genuinely want to move the home to the sold category quickly? Why has the home been for sale so long?
You could face the same problems if you’re working with an agency. The difference is that s a seller, the agency is by your side, helping you to make the right decisions when it comes to pricing your home.
You need to be realistic when pricing your home as a seller. Of course, you want to make a return on your home. Of course, you think your home has great value. The critical point is that you need to understand the state of the market along with the neighborhood your home is located. So much goes into the pricing of a house.
Along with your agent, you can do some investigating to see where some improvements could be made in marketing your home. Look at the following:
How has the house been received on the MLS?
Are the significant benefits of the home highlighted?
How many open house opportunities did buyers have?
Are there good pictures of the house online?
Do the signs leading to the house stand out?
Can you add anything to the marketing of the home like a virtual tour?
While real estate agents have general guidelines as to how a home at a certain price point should be marketed, you can always be your own advocate.
The Consequences Of High Pricing
If you price your home too high, there are some consequences. Your home will stay on the market for an extended period of time if it's overpriced. Buyers will wonder why the house has been listed for so long, wondering if there’s something wrong with the property. Buyers will wait even longer to bite on the home in these circumstances because they are waiting for a price drop.
The best thing you can do in this circumstance is to take your home off the market. Work with your real estate agent. He can let you know whether it’s a good time to re-list the home. Perhaps you can make some improvements to the property in the meantime. A fresh listing and a clean look at the house may help buyers to find the property more easily at a price that pleases them!
For home sellers, maximizing the value of your residence is key. However, it is important to remember the dangers associated with overvaluing your house.
If you overprice your residence, homebuyers may choose to look elsewhere for their dream house. As such, it may take you many weeks, months or years to sell your residence if you fail to price it correctly from the get-go.
So what does it take to avoid the risk of overpricing your home? Here are three tips to help home sellers set a fair price for any residence, in any real estate market, at any time.
1. Review the Housing Market in Your Area.
Spend some time assessing the local housing market – you'll be glad you did. This will enable you to better understand how your home compares to other residences in your city or town so you can price your house accordingly.
Check out the listing prices of homes that currently are available as well as the sold prices of residences that recently were purchased. By doing so, you'll be able to collect a broad assortment of housing market data and use this information to determine the right price for your house.
2. Get Your Home Appraised.
A home appraiser will conduct an in-depth examination of your residence, help you identify problem areas and determine your house's value. That way, you'll be able to enter the real estate market with realistic expectations and set a fair asking price based on your home appraisal.
Furthermore, a home appraisal offers valuable insights into ways that you can improve your home. The assessment will allow you to learn about the pros and cons of your home, and ultimately, determine the best ways to transform your house's weaknesses into strengths.
Don't forget to evaluate your home's interior and exterior as well. Completing home improvement tasks will improve your residence inside and out. Plus, performing home maintenance may allow you to set a higher asking price than you initially expected.
3. Hire an Experienced Real Estate Agent.
Let's face it – navigating the real estate market can be a long, arduous process. Thankfully, real estate agents are available that possess extensive industry experience and know-how, ensuring you can set the right price for your house without delay.
Perhaps best of all, a real estate agent understands the ins and outs of both buyer's and seller's markets. As such, he or she can offer recommendations about how to price your home, enhance your house's interior and exterior and much more.
With the right real estate agent at your disposal, you should have no trouble setting a fair price for your home. In addition, this professional will do whatever it takes to promote your house to the right homebuyers consistently, bolstering your chances of optimizing the value of your residence.
Don't leave anything to chance when you sell your home. Instead, employ a real estate agent, and you can speed up the process of selling your residence.
A seller's market provides many opportunities for those who plan to list a residence in the near future. If you know how to capitalize on a seller's market, you may be able to quickly and effortlessly sell your house and maximize your property sale earnings.
Now, let's take a look at three tips to help you get the most out of a seller's market.
1. Analyze Your Home's Strengths and Weaknesses
It may be beneficial to conduct an inspection prior to adding your house to a seller's market. With an inspection report in hand, you can assess your residence's strengths and weaknesses. Then, you can perform home repairs and upgrades and boost the likelihood of getting the best price for your residence.
In addition, you may want to complete a home appraisal. If you receive an appraisal report, you can analyze a property valuation and use this information to establish an aggressive initial asking price for your house.
2. Craft an Engaging Home Listing
A home listing typically plays a pivotal role in the house selling journey. If you devote time and resources to create an engaging home listing, you should have no trouble stirring up lots of interest in your home in a seller's market.
As you craft a home listing, it may be a good idea to evaluate the buyer's perspective. If you understand what separates your home from comparable residences in your city or town, you may be able to find innovative ways to differentiate your house listing from all others.
It often helps to include high-resolution images of your home in your listing too. You also should incorporate accurate details about your home into your listing to help buyers determine if your residence matches or exceeds their expectations.
3. Work with a Real Estate Agent
Selling a home sometimes is tricky, regardless of the current housing market's conditions. Lucky for you, real estate agents are available who can help you achieve the optimal results in a seller's market.
A real estate agent knows what it takes to sell a residence in any location, at any time. First, he or she will create a personalized home selling strategy designed to help you accomplish your desired goals. A real estate agent next will put this plan into action and promote your residence to potential buyers. If you receive an offer to purchase your house, a real estate agent will help you determine whether to accept, reject or counter this proposal.
Furthermore, a real estate agent will help you finalize a home sale. He or she will offer tips and recommendations to help you prepare for a home closing and respond to any of your concerns or questions. Plus, a real estate agent will keep in touch with you as your home closing date approaches to help you alleviate stress.
There are lots of things you can do to capitalize on a seller's market. Thanks to the aforementioned tips, you can take advantage of a seller's market and seamlessly navigate the home selling journey.
You've decided to sell your home and listed your residence with a real estate agent. Now, you'll need to prepare for your first open house.
Ultimately, hosting an open house can be a stressful experience, particularly for a first-time home seller. Lucky for you, we're here to help you take the guesswork out of getting your house ready for potential homebuyers.
Here are three tips to ensure that you can prep your residence for an open house.
1. Get Rid of Clutter
De-clutter your house as much as possible – you'll be happy you did. With clutter out of the way, homebuyers should have no trouble assessing every nook and cranny of your residence.
For those who possess a large assortment of clutter, it may be worthwhile to donate items to charity or host a garage sale. Also, you may be able to sell your excess items online.
Don't forget about family members and friends, either. If you have excess items, family members and friends may be willing to take them off your hands for free. By doing so, they'll be able to help you de-clutter your house and ensure that it looks great during an open house.
2. Clean As Much As Possible
There may be only a few days before your open house, but you should try to take advantage of any free time at your disposal.
Use your time wisely and clean up your home as much as you can. You can clean rugs and carpets, wipe down walls and floors and much more. If you need extra assistance, you can always hire a professional cleaning company to help out as well.
For home sellers, it is paramount to make a positive first impression on homebuyers. And if you commit the necessary time and resources to clean your residence, you may be able to boost your home's chances of making a long-lasting impression on homebuyers.
3. Consult with Your Real Estate Agent
Your real estate agent is available to help you before, during and after an open house. As such, he or she is happy to provide tips so you can get your residence ready for an open house in no time at all.
With an expert real estate agent at your disposal, you'll be able to prioritize home maintenance and repairs. This real estate professional will be able to explain the importance of an open house, along with the steps that you can take to transform your ordinary residence into an unforgettable one.
Plus, your real estate agent will help you minimize stress in the days leading up to your open house. He or she will be ready to answer your open house concerns and questions and ensure that you can set realistic expectations for the event.
Getting ready for an open house may seem like a time-consuming and exhausting process. Fortunately, your real estate agent will make it easy for you to plan accordingly and ensure that your open house is a resounding success.