Sell Your Home Effectively With Just 5 Tips
There is more to consider than the price when selling your home. A lot of research and planning is needed if you want to sell your home fast, and also at the best price possible.
The longer your home stays on the market, the more stressful it will get for you. This is why it is best to understand local real estate market trends, the total cost that you will incur, and also the best method to achieve these goals.
Regardless if you are marketing your property on your own or you have engaged an agent (we recommend you to do so), here are 5 tips to help you sell your home effectively in this fast-paced era.
1. Set the right price
Put yourself in your buyer’s shoes. Would you buy something that is overvalued? Or trust the quality of something that is undervalued? If the answer is no, do not ever overprice or underprice your home. Know your home’s worth. Set a realistic price based on comparable homes in your area.
The only time an overpriced home will sell is during a housing bubble (which rarely happens)! You can check the tools provided by Housing Development Board and Urban Redevelopment Authority to help you find out prices of recently transacted HDB and private properties respectively.
Also, you can use SRX’s x-value calculator to get a gauge of how much your property is valued at.If your home is overpriced, the process of selling your home will be slowed down as you have to gradually drop your price to match the buyer’s expectations. Most buyers also search using a preferred price range, which will exclude your home from their selection process.
2. Spend on minor repairs
Scrimping on minor repairs may cost you even more in the long run. From scratched tiles to faulty taps or even loose drawers, such minor inconveniences may put off any potential buyers. This will delay the sale of your home until you find a buyer that’s looking to do a major revamp to the home.
More importantly, be upfront of any damages and defects to anyone who comes to view. Don’t try to conceal them as it will break the trust between you and the potential buyer.
3. Stage your home
Based on our past experiences, staging your home can help potential buyers better visualize the space inside. It will also help to create a good first impression with any potential buyers, and may even fetch you a higher selling price.
Apart from the basic tidying up of your home, don’t forget to declutter. It is also best to keep your staged home’s decor neutral, as people have different design preferences. This will then help them picture their ideal home layout with ease. Do remember that the less cluttered your home is, the more spacious it will appear to the naked eye.
4. Engage an agent
Even though engaging an agent can set you back by a few thousand dollars, they have the expertise and advantage in tools and information which you do not possess. For example, the agent will be able to list your properties on different real estate portals such as PropertyGuru, 99.co, and many more.
This allows your property to be exposed to a large number of people in a short period of time. Selling a house can also be time-consuming and stressful for some people. In worse cases, it may take up to more than 6 months before your house is sold. An experienced and trustworthy agent will be able to settle all the minor issues, down to the nitty-gritty details without you being worried.
This includes listing your property on portals, handling enquiries, conducting viewings, giving advice and even taking care of all the paperwork. If your schedule is always packed to the brim, consider engaging an agent to make your home-selling process a smooth sailing one!
5. Sell without emotional attachment
Having worked in the real estate industry for some time, we know it is easy to get somewhat emotional when you are selling your home, especially your first home which you spent a great deal of effort and time in.
When you sell without emotional attachment, you would be able to sell it from a business point of view. Keep in mind that when you are selling your home, you need to detach yourself from the memories and time spent in the place.
Do not be offended by any comments from potential buyers, on the changes they want to make in your house. Ultimately, it is their personal choice and preference which is not within your control.
If you are selling your home for the first time, do not panic. Our 5 tips will help you kickstart your journey with a breeze!
Do feel free to drop us get in touch if you still have any doubts to be clarified.
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