When it’s time to sell, every homeowner wants to get the highest sales price possible. One of the best strategies to keep the price high is to eliminate reasons for buyers to reduce their offers. At first glance, it may seem counterproductive to spend money when you’re trying to sell your home for the best price, but it does make sense. A thoughtful and limited cash infusion to your home will make it show better, perhaps function better, and attract more homebuyers.
Before you start any work, consider your home’s competition. For example, if your older home is up against new construction you will need to make sure your home shines in comparison to the model homes buyers are touring. It’s imperative to make sure your home looks squeaky clean, open and airy, bright and shiny.
Look around your home before you put it on the market. You’re sure to find a few places where some elbow grease or a little cash could make a big difference. Ten ideas of how to use $1,000 in your home is by no means exhaustive and you may want to focus on certain areas that need attention or that your local buyers put more emphasis on. Don’t be limited by our list, but use it to create a move-in ready home all buyers desire.
Here are 10 ways to spend just a little to help bring in top-dollar offers:
1. Wash The Windows
Here’s what prospective buyers think dirty windows say about you: “I don’t take care of the parts of this home you can see, so imagine how neglected the parts you can’t see are.” The would-be buyer sees grimy windows and thinks: “This home isn’t worth what they’re asking.” Price this service out and you’ll find that windows can be professionally washed for not nearly as much as you might think. Or do it yourself and save some $$!
2. Magic Carpets
Hire an experienced professional to clean all the carpets in your home. Make the carpets look as good as new and you’ve just possibly saved a few thousand dollars on the offer. If the carpet in a particular room is in rough shape, go ahead and replace it. Often one room can be re-carpeted for less than $1,000, while punching up the overall appeal of your home.
3. Work The Yard
Unless your lawn is in really bad shape, $1,000 can go a long way toward weeding, seeding, mulching, adding plants and generally greening it up. Because curb appeal is so important, you might consider adding landscaping color and design to the spots that count.
4. Kill The Clutter
Are you surrounded by clutter? If you can’t chuck it all, then consider renting a storage unit white your home is on the market. Even a couple of months will run you less than $1,000. Extraneous books, excess furniture, mounds of kid’s toys, unused yard tools, etc., can make a home look too lived-in and drop the value of the home in the eyes of a buyer.
5. Color Changes Everything
There’s nothing that can make a home look better, cleaner, newer and ready-to-move-into than a new paint job in neutral colors. If you do the work yourself, $1,000 can cover a lot of walls – and trim.
6. Look Down
Are your hardwoods as good-looking as the day you walked in? A good cleaning could make them look new and cover up small scratches. Refinishing may cost more than $1,000 depending on the square footage. Replacing worn linoleum or cracked tile in smaller spaces can also be doable with the budget at hand.
7. Appliance Upgrade
If the microwave, dishwasher, dryer, washing machine, or other small to medium sized appliance indicates that its best days are behind it, replace the item and make your new buyer happy.
8. Spruce Up The Front
A new steel front door on average, costs just over a grand, but the impact it gives to would-be buyers is priceless. Don’t forget a new welcome mat and a welcoming wreath or potted plant!
9. Hardware Shines
Consider updating doorknobs, drawer pulls, hinges and the like with a uniting new finish to bring your home up-to-date with the small things. If you do the work yourself, you could have this task done in a quick weekend.
10. Deep Clean
Consider replacing all tub and tile grout and caulk to start with a fresh, clean look for your kitchen and bath areas. Remember clean and bright sells!
If you have any questions, please contact us. We’re here to help you get your home sold fast and for the best price!
Are you thinking about buying a home but want to improve your credit score first? It may not be as hard as you think but sometimes it can be a long-term process. Here are some things you can do that may help:
1. Pay bills on time. Late payments and collections can have a serious impact on your credit score.
2. Do not apply for credit frequently. Having a large number of recent credit inquiries on your credit report can lower your score.
3. Request increases on credit limits and reduce credit card balances. This will lessen your “debt to credit” ratio. Using less of your available credit limit will increase your score.
4. Obtain enough credit to establish a credit history. Insufficient credit can negatively impact your score.
Just remember, a lower credit score will help you receive a lower interest rate on the mortgage for your new home!
Now that Spring is here, the busy home selling season is upon us. Are you thinking about putting your house on the market? If you are ready to make the leap, there are several smart steps you can take to save a significant amount of money, time, and hassle.
Since we’ve found that almost every single home seller we’ve worked with is looking to maximize profits, sell in the quickest timeframe possible and have someone else manage and overlook the many details of a home sale transaction, keep reading to learn what smart sellers know. And don’t forget to contact us if you’re thinking of selling your home.
1. Spruce It Up
If you’ve been in your house for a while, there are likely a few little things (and maybe some bigger ones, too) that need fixing. If you’re not handy, hire a local repair person to tackle these tasks. Every light fixture and outlet should work, faucets shouldn’t drip or squeak, doors should open and close easily, and locks should fasten and open with keys without issue. Broken items should be repaired, replaced, or removed. Anything that you’ve created a “work-around” for should be remedied before the home goes up for sale.
2. Scour and Scrub
Get your house shiny and clean, shimmering and glimmering for everyone who walks through your front door. Before that “For Sale” sign goes up, you (or someone you hire) should be deep cleaning your house so that it looks stellar the moment that first potential buyer arrives at your doorstep. Clear out cabinets and closets, drawers and cubbies, nooks and crannies of excess clutter. Clean every space, including corners, windows, fixtures and more. Get ready to show your house, not your dust or your stuff!
3. Stage It
After all is clean and fixed, it’s time to stage and sell. This is where you – or hired professionals – create welcoming vignettes in each room, enticing buyers to linger and get excited about your home, creating a vision for buyers so they can imagine themselves living comfortably and happily there. Less is often more, so don’t be surprised if a stager only uses half of your furniture and requests that you put the other half in storage!
4. Start the Clock
Figure out your timeline and constraints for your home sale. If you need to stay in your house until a specific date, convey that information to us immediately. We will work with your timeline to have the buyers accept your limitations while still remaining flexible to accommodate offers and varied schedules of would-be buyers.
5. Smart Pricing
Price is paramount. A real estate professional – like us – can advise you on the value of your home. To support your home’s listing price, we’ll compare recent sales, examine current inventory, determine the condition of your home, check out your home’s amenities, and then arrive at a price that is likely to entice buyers to buy your home in the quickest amount of time, and for the highest price.
6. Secure a Professional
Before you make a move to sell, you need to secure the services of a real estate professional. We can help you before listing to explain what fix-ups make sense, what amenities buyers are looking for in our market and how to price to sell. During the time the house is for sale, we can provide feedback from all buyer visits to your home, evaluate all purchase offers and negotiate for the best price and terms. After the sale we’re here to help you find a new home. And, if you’re moving further than our area, our referral network is available to assist you no matter where you next choose to put down roots.