How to Maximise on Price when selling your Property
21 February, 2022
Naturally, you’re going to want to sell your property for the highest price possible, without spending a fortune. However, getting the most value for your home can be easier said than done. There are certain market factors that will influence the sale price of a house which are largely out of the control of the vendor. However, other factors such as a lack of essential repairs and maintenance can create a real obstacle to potential buyers.
To guarantee the best price possible, you will need to make your house stand out in a competitive market. In order to do this, vendors should take a step back and objectively assess their home – both inside and out – and see what work needs to be done to create real value. It’s important to walk through your home with a set of fresh eyes as if you are the buyer. Looking through the buyer’s lens, would you want to purchase this house for the amount you want to sell it for?
So, whether major renovations are an option for you or not, these tips will help to maximise on profits when selling your house.
Hire an Agent
In most cases, a real estate agent will prove to be an invaluable asset. Choose a local estate agent who is experienced with the area. Read How To Choose The Right Real Estate Agent For You for more helpful information on choosing the right real estate agent.
Make Essential Repairs
Buyers know just how expensive repairs can be, so they may shy away knowing that they must invest money into repairing the property or, they will present with a lower offer on the property. Making essential repairs beforehand also means fewer contingencies and perhaps even shorter settlement periods. Take a note pad and pen and walk through your house, making note of any structural or minor repairs that need attending too. Pay attention to flooring, walls, door frames and locks, electrical, cupboards, taps and fixtures, and external structures such as fencing or walls, gutters, front entrance, and mailbox.
Add or Update Appliances with New
If your appliances are out of date, consider replacing them. It will be a worthwhile investment that will help to maximise the value of your house. These don’t have to be expensive appliances, though it would make an impact to have clean, modern appliances that match the style of the house.
Style and Stage
Think about how your home looks, is it inviting, fresh, open, and spacious? Styling your home before selling can make a significant difference when it comes to accelerating the sales process and boosting your final sale price. Your home needs to make a good first impression on prospective buyers. Download our Styling Your Home To Sell E-book for staging and styling tips for your home.
Curb Appeal
Make sure your garden and front of house is well maintained and presentable. As soon as buyers arrive, they want to feel excited about the environment and atmosphere, enticing them to come in and see more. Especially once a property goes online, the buyers will almost certainly do a drive-by before the open house or inspections get launched. A neatly maintained presented garden, clean and well-maintained gutters, and a fresh coat of paint will boost the curb appeal and value of your property.
Investing in Marketing
A well-presented house is no use without a good marketing strategy. In most real estate agencies, marketing costs are separate from an agent’s commission. With this in mind, marketing campaigns are tailored to your specific property, location and target buyers to get you the best possible price for your home.
Completing your House Sale with Universal Property
Whether you are preparing to sell or looking for more information, Universal Property is here to assist you in your sales journey. We offer you a superior and personalised service that helps make the selling process as smooth as possible.
Contact Jesse on +61 431 761 644 or email us at info@universalproperty.com.au
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