In times of uncertainties like these, people are on the lookout for things to call their own. Whether it’s money, business, or a house; most people delight in having their own properties.
With the recent boom in the stock market coupled with the record-breaking low mortgage rates, intending home buyers would certainly feel richer and on top of the world. Instead of being pushed away by high asking prices, that has shown a completely opposite effect.
Mortgage rates are at quite low this period, so it’s no wonder why several people are trying to get a home loan now before the rates go up again. People who want to get a home this year are certain to buy one irrespective of what the economy says and if they can get a property that suits their needs.
That’s fairly good news for people who want to sell their houses. The criteria for sale might be different which is why you need to be strategic when listing your house. If you want to sell your house in 2021 for a good price, here are three tips that can help you stand out easily.
1. Fix Obvious Issues Before Listing
On most occasions, property sellers are encouraged to carry out cosmetic fixes and other obvious repairs in the house before putting it on the market. However, considering that there is a narrow housing inventory currently available, there would be no need to go above your means to get buyers’ interest.
Simply put, if the carpet in the house is worn out, you can leave it as it is. There is no need to go above your budget to impress buyers with plush flooring when you don’t have it. But it doesn’t mean that no repairs should be done. You should fix obvious issues with the property that could put potential buyers away.
You wouldn’t want to sell a building that has a roof with leaking shingles. That’s an issue you need to address before listing your home on the market or any website. The same applies when there are dead trees in your yard that look like they would soon fall on the house. Put the house in order if you must sell it.
2. Make Your House Social Media Ready
One reason why you need to put the house in a good-looking condition is to make it social media worthy. Social media is fast becoming a platform to sell all kinds of products including properties; video tours and quality HD pictures are selling homes faster than you know right now.
For people seeking to relocate from one end of the country to another, physically going to check houses might be a real challenge for them. Others might not want to have in-person meetings as they are being cautious and would prefer to have a tour of the property virtually. With several agents searching for buyers via Facebook ads considering how magazines are no longer as effective as they used to be, that tells you one thing: you need to get on the social media train.
Ensure both you and your agent, if you hired one, understand this market and adjust your listing to suit it. The team behind https://www.lasvegashomesbyleslie.com/ also noted that experienced agents can give you advice if you’re confused in the process. What else should you note then? Make sure you use vertical listing images as they display on phones. Every part of the property you’re going to give a tour of must be visually appealing for the target audience on social media.
Instead of using a single solid paint color, you can make use of a collage of black and white photos on the wall to give you an eye-catching background. Plants really bring a different design when utilized on social media. You can add enough greens and include a ficus, fig, or orchid to lighten up space. It is necessary as people spend more time indoors to have plants as they make the house come alive and also send a subtle message that the property gets plenty of natural light.
3. Learn How To Vet Buyers
It’s a terrible thing for any seller to accept an offer on your house only for the buyer’s mortgage to fall through. But, it’s kind of unavoidable. This sort of thing happens most of the time, so it’s far better to take the necessary steps to avoid it. A good way to ensure that happens is to accept offers from only buyers who have already been pre-approved to get a home loan.
Getting pre-approved doesn’t automatically mean that the particular mortgage will come through without any problem. What it means, however, is that the mortgage lender has analyzed the applicant’s finances and resolved they’re eligible to borrow a specific amount of money.
You would certainly have the upper hand in the housing market as a home seller if you know how to vet your buyers. Assuming you aren’t sure of how to do that, hire an estate agent to help you with that aspect while you focus on bringing the house to a good standard. If you are certain you intend to walk away with the best and highest offer, resolve urgent issues on your property beforehand and put your house out on sale before the market gets saturated.
While you do that, look out for buyers whose mortgage has been pre-approved. Being able to do these things would result in a quick closing and lucrative sale. That’s how you can vet buyers that wouldn’t cause your sale to fall through.
Don’t think of selling your property as a very difficult process. Think of it more as an opportunity during this period. The truth is the interest rates won’t remain put at this all-time low for a long time. If you’ve been planning on getting a house, consider taking action today. It’s very crucial!
Make a decision fast as to whether you plan on refinancing, cutting your mortgage payment, or are already set and prepared to go straight to a new home purchase.
