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Pocket the Profits: The Secrets to Selling Your Home above the Asking Price

August 11, 2016 by Kay Monigold

Pocket the Profits: The Secrets to Selling Your Home above the Asking PriceWe all want to sell our homes at above asking price, but what is it that makes a seller succeed at this? Here’s our expert advice on how you can sell your home above the asking price.

Ask For Less

You may be surprised, but pricing your home lower than market value can have an extremely positive effect on the offers you receive. This is because a low-priced listing will stand out and will draw more attention, which boosts your chance of a bidding war.

By attracting more buyers to come and look at your home, you will find more buyers who are willing to make an offer on your property. When they view your home they will see its true market value, and are then more likely to make a higher offer in hopes of outbidding others. It’s all about creating hype, and a low asking price will do just that.

Wait It Out

While it may be tempting to accept the first offer that comes along, in some cases, it may be better to wait and see what other offers come in. If you accept the first offer on your property you have closed the door to competition.

Consider Who You’re Selling To

Is your home better suited towards traditional buyers, or is it a valuable property for investors? If your home could easily be renovated and flipped, has high potential as an income property, or is in an up-and-coming neighborhood, it may be better marketed as an incredible investment property.

Investors expect a return on the money that they spend so are often more willing to make a higher offer – they know those funds will come right back to them.

Rock Your Renos

There are several simple renovations that can add a huge amount of value to your home. The return on investment for a few small upgrades is often very worthwhile when your goal is to receive more than asking price.

Make sure the flooring, kitchen, and bathrooms in your home are updated and appealing, and if not, consider upgrading these areas first. If you’re targeting investors, adding an income suite to your property may be the best investment you can make. Consider which kind of buyer you’re targeting and what areas of your home need the most TLC, and choose accordingly. Speak with your trusted mortgage agent today to learn more.

Filed Under: Home Seller Tips Tagged With: Home Seller Tips, Negotations, Selling a Home

How to Sell Your Home Quickly in a Buyer’s Market

July 22, 2016 by Kay Monigold

How to Sell Your Home Quickly in a Buyer's MarketEveryone wants a place to call home, but that doesn’t guarantee that homeowners will have an easy time selling their properties. Making sales depend on more than just curb appeal or the popularity of open houses.

Complicated factors like the economy, interest rates and regional regulations all drive the real estate market. It can make an incredible impact on the speed and ease of real estate transactions.

But not knowing the state of the market can be more than just a hassle. When real estate favors buyers, not adjusting the sales strategy can be a seriously costly mistake. Worse than that, it risks homeowners not being able to sell the properties at all.

Here are some stress-free tips will help sell homes in a buyer’s market, fast.

Pretty It Up

One of the most cost-effective ways homeowners can complete real estate transactions is to pretty up their properties.

The trick is to think big. If it’s clean and the backyard is tidy, all that’s left for home owners to do is to create a decorating theme that looks good. Sometimes all that’s needed is some decluttering and decorating to be desirable.

Working on attractiveness brings buyers to open houses and make them actually want to live there. This initial urge can turn interest into offers.

Price It Smart

It may be painful to accept, but cutting down the potential profit for a sale can be the difference between a quick transaction and one that lags behind. Homeowners have to price their homes at a reasonable rate compared to similar properties.

It’s crucial for homeowners to remember that their home isn’t the only property available on the market. Unless it’s priced competitively, it’s going to be much harder to sell in market where buyers have the advantage.

Throw In Extras

While homeowners need to keep the look and price of their properties top of mind, they shouldn’t forget how powerful details can be. Sometimes it’s the little things that can sway buyers from purchasing one home over another.

New appliances, a beautiful garden or newly polished floors are features that stand out to buyers who’ve already seen dozens of other properties. In the end, an extra or two thrown in might be the clincher that closes the deal.

Keep in mind that it’s hard to sell a home in a buyer’s market, especially if the homeowner is looking for a quick sale. Homeowners should reach out to a reliable real estate expert to learn more about making a property sale fast.

Filed Under: Home Seller Tips Tagged With: Home Seller Tips, Selling a Home, Staging

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Our Team

Kay MonigoldKay Monigold
Owner/Mortgage Broker/Residential Mortgage Loan Originator
NMLS#1086176

Ron MartinRon Martin
Residential Mortgage Loan Originator

NMLS#316821

Steven LoweSteven P Lowe, Sr
Residential Mortgage Loan Originator
NMLS #1085638

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