Without the sales to back it, what real profitability is there in real estate?
Selling homes is arguably the key to success in terms of earning yourself some serious income.
Almost anyone with the right amount of money to their name can buy a home, but turning around and selling it for profit is a whole different story.
That’s why I’ve listed a few simple tips to help you make the most out of your sales in the real estate market.
Many people don’t realize that the act of selling a home is one of the largest financial transactions you’ll experience in your lifetime.
For this reason, you should take your time interviewing agents before you decide to settle for one. These individuals will effectively be holding your hand throughout the entire process, which is why it’s important that both your views align.
You want to bring someone on board who understands the goals you have for parting ways with your house.
With that said, pricing is everything!
Avoid overpricing real estate in an attempt to pull in some extra cash. Considering all of the resources that are currently available to the public, buyers tend to see through this.
On top of that, overpriced homes have a tendency to remain on the market longer.
If you want to collect a payout from your house instead of having it collect dust, then I suggest putting an accurate price tag on your real estate from the get-go.
Apart from that, another important piece of advice for getting the most from your home that’s for sale is to put a strong emphasis on marketing.
Have you ever heard the saying: “a picture says a thousand words”?
It’s true! Especially when it comes to giving potential buyers a preview of your home.
Posting pictures online simply gets buyers through the door and it’s often the first thing they see. This is why a home’s online presence is considered to be one of the most critical factors in how quickly and how much a property sells for.
Studies show that people form a first impression within 7 seconds… make this time frame count!
If the place doesn’t look appealing online, then nobody will be interested in taking things a step further and visiting the home in person.
With that said, it’s not all about the images on the web.
Sure, you can convince people from afar that you’re about to sell them the home of their dreams, but when they actually come to visit, you need to be able to back up what you’re showcasing.
The idea of staging is to give potential buyers a chance to envision a future for themselves in the home you’re trying to sell.
As much as you may want to be out with the old and in with the new. It’s absolutely necessary to make whatever homes you’re trying to cash-out on look as appealing as possible.
Too often, sellers believe that buyers can see past the furniture, paint or common wear and tear. This is not true…
The majority of people are visual, so take the time to make your place as visually appealing as possible.
Easy enough, right?
The next time you’re looking to make a sale in the real estate market, remember these tips to help guide you along the way.