A Fast Home Sale Isn’t Always the Best Home Sale
You monitored the Sioux Falls housing market and what other homes in your area were selling for.
You hired a professional to perform a home inspection and you made any/all recommended repairs.
You completed everything on your home seller’s checklist and within 24 hours you were able to accept the first offer. Congratulations, you sold your house! This should be a time of celebration and relief. So why do you still feel stressed out? Sometimes a fast home sale isn’t always the best home sale.
When Selling Your Home Too Fast Might Be a Bad Thing
Certain life events and circumstances can dictate a home sale. The real estate market might be booming and you want to strike while the iron is hot. Maybe you’ve accepted a new job and you need to relocate to a different city. It could be you’ve already closed on a new house and having two mortgages for an extended period of time simply isn’t feasible. While there are definitely situations in which a faster home sale is ideal, if you’re unprepared for a quick real estate transaction it can cause you to second guess your decision.
You Sold Your Home Too Cheap
Most likely, your home is your biggest investment and it would be devastating to leave money on the table. A fast home sale could leave you doubting your asking price and whether or not it was too low; however, there may not be any reason to worry. It might be a seller’s market and when the housing supply is limited, properties tend to move quickly. The fear of not maximizing your home’s value is a valid concern, but if you enlist the services of a Sioux Falls REALTOR® from Amy Stockberger Real Estate (ASRE), they can help you correctly price your home and eliminate the fear of selling for too little money.
You Are Unprepared to Move
Perhaps your motivated buyer has accelerated your move-out timeline and the process of selling and buying a house at the same time is more challenging than you expected. A quick sale might leave you scrambling to pack up your things and make the necessary arrangements, but it’s important not to stress. If you’re happy with the purchase price, that's all that matters. Plus, the professionals at Amy Stockberger Real Estate actually have a VIP Club that can supply you with multiple moving trucks, a flatbed trailer, an enclosed trailer, moving boxes and tape dispensers, an appliance dolly, and one month of climate-controlled storage—all free of charge for active clients.
How to Sell Quickly While Maximizing Your Home’s Value
If you’re selling a home in Sioux Falls, the goal is simple: balance the price and speed of the sale. Sometimes this can feel like walking a very thin tightrope, however. Check out this list of helpful tips from the team at Amy Stockberger Real Estate to not only sell your home quickly, but also maximize your dollar at the same time.
The Price Is Right
It's so important that your listing price suits the current housing market. If your home is priced too low it might lead potential buyers to believe there could be an underlying issue with the property. Another unintended consequence of the lower listing price is making prospective buyers think there is no room for negotiations.
Love at First Sight
A welcoming house will attract more potential buyers. Don't ignore home repairs. Make time for backyard improvements and projects to increase your curb appeal. Consider the help of a home staging professional. At the very least, make sure you clean and declutter your home to make it more inviting. Remember, the buyer needs to envision themselves living in your house.
Summer Time Sale
Although there are certain advantages to selling your home in the winter, traditionally, the best time to list your house is during the spring with the hope of a summer sale. Buyers have more free time thanks to summer vacations and warmer weather always seems to increase foot traffic. Waiting to list until later in the summer could lead to a fall sale, which means the kids are back in school and the holidays are drawing near, potentially causing delays in closing.
The Power of Zero
To maximize your dollar, it's equally important to maximize your home's audience. How can you get more eyes on your listing? Utilize the power of the zero. If you list your property for $400,000, you will most likely show up at the higher end of a $300,000 to $400,000 search, as well as on the lower end of a $400,000 to $500,000 search.
- Michelle Nett