Top Ways to Make Money When Selling Your HomePurchasing a home is one of life’s most significant investments. Homebuyers, therefore, tend to spend a great deal of time reading and seeking advice to get the best deal. So, how do you make money selling your home when buyers are searching for a bargain?

Here are some tips to help edge out your competitors and make more money when selling your home.

Set a Competitive Asking Price

Setting a fair asking price requires a good amount of research to know what your home is worth.

After home sellers have done their research, a local real estate agent can be a big help in maximizing a home sale price. By running a comparative market analysis (CMA), real estate agents can determine the cost of similar homes in the area.

Overpriced homes discourage homebuyers, so working with a real estate agent to determine the best price to motivate buyers is essential. In addition, home prices that encourage buyers can create more exposure to listings, potentially leading to a bidding war.

Get The Timing Right

The saying, “Timing is everything,” is true when it comes to selling your home. Each year, the housing market sees increased activity in home sales, with Spring typically being the busiest time.

For home sellers trying to get the best offer, several factors come into play. First, warmer weather makes buyers more inclined to get out and see open homes. Additionally, because moving can cause disruption, many buyers purchase a home in the Spring and move in the summer during the school holidays. Finally, if sellers can put their homes on the market when buyers are most active, they can take advantage of market demand.

Consider Renovations or Repairs

Home repairs are another excellent way to maximize sale prices. While investing in a bathroom or kitchen remodel to drive up home prices won’t be possible for everyone, several more minor upgrades can help make money when selling your home.

A fresh, new coat of paint can make a massive difference to the visual appeal. Additionally, minor repairs around the kitchen, like fixing cabinets or broken damaged countertops, will vastly improve a kitchen.

Because the bathroom is another area that significantly influences homebuyer offers, fixing faucets and installing new shower curtains and toilet seats can give these rooms a facelift.

While interior upgrades are essential, exterior upgrades are crucial too. For example, fresh paint can help a house look more vibrant from the curb. Landscaping improvements along with a well-kept lawn are other areas that will increase home value.

Finally, a deep clean and declutter of the space will help buyers connect with the property.

Related: Selling Your Home? Here Are the Décor Trends You Need to Know

Staging and Professional Photography

Home staging is used throughout the real estate sector to make spaces look more inviting and visually appealing. People choose to arrange their homes in different ways, and staging helps present a home in a neutral, aesthetically pleasing way, allowing homebuyers to visualize themselves in the space.

Additionally, professional stagers have experience and familiarity with trends in the market. These skills allow them to highlight aspects of the home for which current buyers are looking.

Once a home is staged and looking good, homeowners should consider paying for professional photographs. Capturing excellent pictures maximizes home sales prices because they grab buyers’ attention and lead to more appointments.

Hire a Local Real Estate Agent

Selling a home can sometimes be a complicated process. Hiring a local real estate agent who can offer professional help and guidance can help make the selling process easier for homeowners.

Additionally, real estate agents have the knowledge and expertise to help sellers get the most money out of their home sales. They can assist sellers with negotiations, drive more interest, and stage their homes.

Related: 6 Steps to Follow When Buying a Home

Marimark Realty

Marimark Realty, home to the top Tampa Realtors for Renters, focuses on providing a personalized experience for buyers and sellers of real estate. As a full-service real estate agency, we help clients with luxury homes, homes for first-time homebuyers, commercial property, and investment property.

To begin the journey of purchasing or selling your home, or purchasing commercial or investment properties, contact us at your earliest convenience.