You must have probably seen the latest numbers from the housing market – the price of houses for sale in Welland increasing, inventory numbers hitting through the roof, and properties selling after remaining just a few days in the market. Seeing the market tilt in home sellers’ favour, now seems like the best chance to put your property out there in the market.
However, just because the market is on the seller’s side doesn’t mean your home will sell just as quickly and easily. Like you, many other home sellers would take advantage of this opportunity and list their properties for sale. So, in this competitive market, you need proper preparation and a strategic approach to bag the best price deal for your home. Here are some strategies that can help you accomplish just that –
STEP 1 – Give the home some TLC with repairs and upgrades
After you have decided to sell your home and before you put your property out on the market, do a walk-through from the outside to the inside of the property. Find and repair any small issues that you see in the house from daily wear and tear. For instance, loose doorknobs, slightly chipped tiles, faded or ripped curtains, and cracked driveway.
The bigger issues that you need to check in your property before putting it out there in the homes for sale in Welland list are –
- HVAC system
- Roof
- Insulation
- Water heater
If you see anything that could raise a red flag during a home inspection, upgrade it now to avoid delays and issues later on.
STEP 2 – Using a real estate agent or going FSBO – Choose one
Many home sellers are tempted to list their home as “For Sale By Owner (FSBO) to save money on the listing agent’s commission. But to go the FSBO route, you need to be able to commit sufficient time, have in-depth market knowledge, and have strong marketing and negotiation skills.
However, if you do not have any of these, it’s best to leave the job to the real estate experts. Real estate agents can guide you through all the processes and complexities of the selling process – listing, marketing, paperwork, negotiation, and legal requirements. With their knowledge and expertise, you can get the best price for your house for sale in Welland in the shortest time.
STEP 3 – Nail the perfect price for your property
Setting the price of your property too high can make your house sit on the market for a long time. True, if your property has many buyer-appealing features, it may attract attention. But the chances of finding a buyer who is willing to pay the high price are quite low.
Also, nothing good can come from setting the home price too low. Homebuyers may think something is wrong with the house because of which you have set the price so low.
Now you must be thinking – “how do I set the right price for my home for sale in Welland?”
The answer is with the help of your real estate agent. Real estate professionals can do a comparative market analysis and analyse the recent sale price of comparable homes in your area to set the right price. Based on this, they can recommend an accurate listing price for your property.
STEP 4 – Get your home ready to be shown off to potential buyers
Next, you need to make your property presentable to draw the attention of potential homebuyers. You can ask your real estate agent to recommend a professional staging company to help you in this step or you can do it yourself in this way –
- If you have a yard, trim the grass, add a pop of colour with flowers, and make sure your entryway is inviting.
- Declutter every room of the house, pack away unnecessary things and do a deep clean of the property from the outdoors to the indoors.
- Paint the walls in neutral colours so that homebuyers can easily envision living in this space in the future.
- Add a few well-chosen decorative items like throw pillows, artwork, and fresh flowers to personalise the space without over-personalising.
- Draw attention to the home’s best features such as a fireplace, a beautiful view outdoors, or a spacious kitchen.
STEP 5 – Make your house available on the market
You have done all the groundwork and now it’s time to finally put your property on the market for sale. But before that, write a compelling description of your house for sale in Welland highlighting the property’s unique features. Capture high-quality photos of your property from the best angles with the help of a professional photographer.
Your real estate agent will help you list your property on the Multiple Listing Service (MLS). Apart from the MLS, ask your agent to promote your listing on Facebook, Instagram, and Twitter.
Coordinate with your real estate agent to schedule open houses and private showings for your home. Be flexible with showing times so that you can accommodate as many homebuyers as possible.
STEP 6 – Make the most of a bidding war on your home
If your property does manage to spark a bidding war, you can take the best advantage of it by handling it right. For instance – you can tell each interested buyer that others are eyeing the property, stoking the flames. This can encourage them to set their price offer higher than they might have first planned.
You can also respond to the best price offer on your home for sale in Welland with a counteroffer without rejecting the other offers. This enables you to sweeten the pot with the first homebuyer and have someone to fall back on if the first buyer doesn’t go for the counteroffer.
STEP 7 – Remember to analyze every part of the price offer
If you’re thinking purchase price is the only factor to consider in the offer, think again. There are many factors that you must consider while analysing price offers on your property.
Here are some factors that you must pay heed to while analysing price offers on your Welland property –
- Cash offer or big down payment – A cash offer or an offer with a big down payment is in many ways better even if it isn’t the highest. A cash offer eliminates while an offer with a big down payment reduces the risk of the deal falling through due to the buyer’s inability to secure financing.
- Few contingencies – A home seller wastes valuable time when the deal on their house for sale in Welland falls through. Usually, the more contingencies a home buyer requests, the more potential there is that the deal might fall through. So, you must select a price offer with fewer contingencies if you want to sell your property quickly.
See Your Home Sell at a Top Price in the Booming Market
Now is a great time for homeowners looking to sell their homes quickly and for the best price. However, even if the market is in your favour, you cannot just toss your property out in the market. You need to apply the above strategies step-by-step to sell your Welland property successfully.
Also, make sure to get an expert real estate professional by your side who can help you take full advantage of the hot market and get the best price for your home. Their advice and expertise will be invaluable when it comes to seamlessly closing the real estate deal. Best wishes!