Selling a property is a process that has many steps involved, one that can take anywhere from a week to a couple of months, depending on the situation. That said, it can be difficult (especially for first-time sellers) to figure out where to begin.
Sigal Realty Group is one of the top realtor teams in South Florida, specializing in areas such as Aventura, Miami Beach, Sunny Isles, and other nearby communities for over 15 years. As a longtime affiliate of ONE Sotheby’s International Realty, Sigal Realty has access to a global marketing network that can help give your property exposure on a worldwide level.
Ready to get started? Here are a few tips that can help you sell your home for top dollar:
Prepare your home
Walk around your home and take note of all of the things you can update, repair, renovate, or get rid of. Peeling paint, outdated appliances, leaky faucets, and other factors can turn out to be deal breakers for many potential buyers. Talk to your agent to help identify the practical repairs and improvements, and get recommendations on updates which can improve your home’s value.
Take it easy on the upgrades
Try to avoid spending too much time and money on major upgrades. Focus instead on quick fixes that won’t break the bank. Approach renovations with the knowledge that it’s unlikely you’ll get all of the money you spent on upgrades back, so make sure to choose projects wisely. Go for simple things that can create a huge impact, such as new curtains, a fresh coat of paint, new storage solutions, and so on.
Set an ideal price point
The price you set for your home is a key factor in the success of a sale. Ask your agent for a comparative market analysis (CMA), so you’ll be able to see final sale prices of comparable homes which recently sold in your area. With this information, you’ll be able to get a look at the current market and come up with an ideal timeline, which will help you and your agent create an effective pricing strategy.
Avoid accepting offers until a specific date
After listing your home wait until after you’ve completed your open house schedule before you entertain any offer. During this period, prospective buyers are likely expecting competition, which means they could place higher offers for your home. There’s a chance you might receive just a single offer, but there’s no way the buyer will find out anyway. If you do receive multiple offers, get in touch with the highest bidders and ask for the best price they can offer.
Take your time when considering offers
Remember to take your time when you’re dealing with multiple offers. Prepare yourself for a lot of back-and-forth negotiations with a buyer, stock up on patience, and keep an eye on the big picture. Discuss the offers with your agent – you can depend on an experienced real estate professional to give you solid advice on which offers are worth accepting.