ADVERTISEMENT

Buying or selling REAL ESTATE? can be an exciting yet stressful time. With housing markets constantly fluctuating, it’s important to make smart financial decisions to get the most out of your REAL ESTATE. transactions. From preparing your home for sale to negotiating offers, small things can make a big difference.

7 and a Half Very Simple Things You Can Do To Save REAL ESTATE?

Here are 7 and a half very simple things you can do to save money when buying or selling REAL ESTATE?:

1. Interview Multiple Listing Agents

When preparing to sell your home, don’t just go with the first REAL ESTATE. agent you meet. Take the time to interview at least three different listing agents. Ask about their relevant experience, marketing strategies, commission rates, and overall philosophy. An agent who routinely sells homes in your neighborhood will likely get better results. Going with the cheapest agent doesn’t necessarily mean the most savings—the best agent is the one who can sell your home quickly and for top dollar.

2. Research Comparable Homes

Before setting a price for your home, research recently sold homes in your area that are similar to yours in size, age, and style. Compare list prices versus actual sold prices—this gives you an idea of how much wiggle room you have to negotiate. Price your home competitively based on comparable sales data. Overpricing could mean months on the market and ultimately selling for less. Underpricing can lead to lost profits.

3. Declutter and Clean Thoroughly

Pare down before listing your home for sale. Pack up knickknacks, excess furniture, seasonal items, and anything that makes rooms look cluttered. Clean thoroughly—fresh paint, spotless floors, and windows, no dust or grime anywhere. A tidy, decluttered house shows buyers the home’s potential and makes rooms look larger. According to REAL ESTATE? experts, decluttering can allow you to sell your home faster and for up to 8% more money!

4. Invest in Minor Kitchen and Bathroom Upgrades

Minor kitchen and bathroom renovations offer a major return on investment. Updating dated fixtures and finishes makes a huge impression on buyers and doesn’t have to cost a fortune. Replace old floors, faucets, handles, light fixtures. Paint the cabinets, and replace the sink and hardware. Swap out the toilet, and add new caulk and grout. These small upgrades modernize kitchens and bathrooms to help buyers visualize full renovations.

5. Add Curb Appeal

Great curb appeal can entice buyers to take a closer look and make an offer. Concentrate landscaping near the street to frame the home’s entrance. Plant flowers and trim bushes and trees. Paint or power wash exterior surfaces like siding, trim, shutters, and the front door. Sweep walkways and the driveway, and add decorative planters or pots. Welcoming front exteriors indicates pride of ownership.

6. Be Flexible With Showings

Accommodate buyers’ agents by being flexible with showings. The easiest sale is one that happens quickly. Avoid limiting showings to only certain days and times. Understand that short notice and evening or weekend showings are often requested. Inconvenient showing restrictions could mean losing potential buyers. Make it as easy as possible for agents to show your home.

7. Price Appropriately

Work closely with your REAL ESTATE. agent to determine the optimal listing price. Don’t overprice thinking you can lower it later. Buyers may bypass an overpriced home thinking it’s out of their range. Price competitively—a bit below comparable homes that are sitting on the market could create a bidding war. Let the market determine a home’s value rather than emotions or wishful thinking. The RIGHT price yields more showings and better offers.

7 1⁄2. Be Ready to Negotiate

Understand that negotiating is part of the home selling process. Most buyers expect to negotiate. Mentally prepare yourself to receive lower offers without taking them personally. Work closely with your agent on setting prices, managing expectations, and crafting counteroffers. Remain calm and friendly, and don’t refuse to negotiate or make emotional decisions. Negotiating is business, not personal. Compromise could mean a quick sale at a great price.

Selling or buying a home is a significant financial transaction. While emotions often run high, try to make level-headed REAL ESTATE. decisions. Follow these 7 and a half simple tips to help maximize your home’s sales price or get a great deal as a buyer. Interview savvy listing agents, make strategic upgrades, thoroughly clean and declutter, add curb appeal, accommodate showings, price competitively, and be ready to negotiate. Saving money takes research, effort, and understanding REAL ESTATE. market trends. But implementing these small suggestions can have a big payoff when you buy or sell your home.

ADVERTISEMENT