It’s a seller’s market in many parts of the United States. The low number of homes and the high numbers of buyers wanting to purchase a home means that houses are selling for record-high amounts. If you want to take advantage of your home’s equity and sell your home, begin by preparing now to make the process smoother.
#1. Declutter and Begin Packing
The goal is for the buyer to be able to picture themselves in your home. If you have too much clutter, too many knick-knacks, or too many family pictures, it can be difficult for this to happen. Make your home less personal, declutter as much as possible, and start packing. You are going to have to pack eventually; packing unnecessary items now, such as unused countertop appliances or small furniture, can make your home seem more spacious and clean.
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#2. Prioritize Repairs and Paint
Buyers want move-in ready homes. This means that all major repairs need to be taken care of; however, it doesn’t mean that your home needs to be perfect. Most buyers are willing to make minor repairs. Spending a little bit of money on repairs shows new owners that you cared for your home and may make them more willing to pay a higher price. Prioritize the most important repairs and begin on those. Paint your home in neutral, light tones to make your house look bigger and help potential buyers picture themselves living in the space.
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#3. Focus on the Outdoors
Don’t just focus on making the inside of your home look good. Your yard and front porch are the first things that potential buyers will see. Take care of necessary yard work, such as trimming bushes and trees and keeping the yard mowed. Plant some flowers or small plants to add greenery and color to your yard. Small pavers can add dimension and help keep planters organized. Consider painting your front door if the paint is worn to make it looks its best. There is a reason that the outdoors is called curb appeal. Make it look its best to attract buyers into looking indoors.
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#4. Begin Preparing for Your New Home
Many people spend too much time focusing on selling their home and not enough time finding their dream home. The equity from your home can be used as a down payment on your new home, which means that you may be able to afford a larger home. The first step is to talk with your lender to determine how much money you will be able to borrow. Veterans may benefit from looking into VA loans. These loans offer no down payment options as well as low-interest options. New regulations have almost eliminated VA loan limits, which means that you could qualify for a larger loan than you might think. Talk with your lender for more information. After determining how much of a loan you can acquire, meet with a local realtor and go over what you are looking for in your new home and begin looking at different options.
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#5. Clean, Clean, Clean
After decluttering and repairing your home, clean it like crazy. Dust, wipe walls, clean baseboards, and have your carpets and tile professionally cleaned. Make sure to look up while cleaning; clean vents, fans, and light fixtures can help buyers know that you cared for your air ducts and HVAC system.
Selling your home and buying a new home can be an incredibly stressful time for your family. Taking steps to prepare your home to list on the market now will make the entire process easier and will help you get the most money for your house.
