Selling your home can be an overwhelming and emotional experience. You need smart, straightforward strategies that will help you maximize your profits, maintain control, and reduce the stress that comes along with this process.
Although the exact strategy depends on a seller’s particular goals and timing, which I can discuss with each of you individually, here are four strategies used on most listings:
1. Determine when you are selling, and then keep it to yourself
This will dictate your actions and decisions on several factors — from the selling price to how much time and effort you invest in getting your home ready.
The time of year you plan to put your home on the market will dictate the best strategy to reach buyers for that period. For example, when you list a home during the holidays, you’ll take one approach, while listing during the busy spring selling season requires a much different approach.
The goal of both strategies is to get the most money out of your home in the shortest amount of time.
Once you decide when you are selling, we recommend keeping all the details such as why you are selling, when you are selling, for how much, etc to yourself.
Why?
Because knowing when a home is coming on the market may influence others in your neighborhood who plan to sell, and in that way, it could impact your sale. Neighbors planning to list their home could change the price they want to sell for, or even when they sell if they hear about your plans.
Key Takeaway: Your timing determines your strategy and then mums the word.
2. Know your most likely buyer
This is THE most important part of selling your home quickly and profitably. Knowing WHO is most likely to buy your home will determine so much about HOW to sell your home.
It will determine decisions like when is the best time to sell, what should the home look like to be most appealing to this buyer, and even how to price it.
Understanding your most likely buyer’s motivation will also help drive the best strategy to get your home sold for the most money, especially once you are in negotiation mode.
Does he or she need to move quickly? Does he or she have enough money for the asking price? Why do they want to buy? Are they most likely first-time buyers and don’t have another home to sell?
Knowing this information gives you an advantage in the negotiation process since you want to control the pace of the back and forth between yourself and the buyer.
Key Takeaway: Knowing who is the most likely buyer of your home will drive how you will get your hold sold.
3. Maximize your home’s potential
Now that you know when you plan on selling, why you are moving, and who your most likely buyer is, it’s time to get your home in show-shape.
Buyers want to imagine themselves living in your home. You want your home to look like THEM, not you.
This is a two-step process. First, you’ll do all the “normal” things like cleaning, decluttering, scrubbing, dusting, painting, if necessary, to give your home the WOW factor from top to bottom.
Next, we’ll walk through your home and help you do small things that will speak to your most likely buyer. Doing this will tug at your buyer’s heartstrings and help them have an emotional response to your home—we want them to feel right at home!
Key Takeaway: Your home should look like your most likely buyer’s home, not yours.
4. Watch the market carefully
Keep a close eye on the market between now and when you plan on putting your home up for sale. I even recommend not setting the exact price until the day before it goes live on the market.
Reason being—prices change pretty quickly and your value will be determined by what’s selling (or not selling and sitting on the market), the WEEK you list your home.
I will review the price range your home will most likely sell in and even discuss pricing strategy with you (we have a unique, proven and highly effective pricing formula that’s WAY better than any algorithm), but I encourage you NOT to set the price until very close to your listing date.
It’s much better to wait and have the most up-to-date data on what has sold, what has come on the market, and what is staying on the market in order to determine the perfect listing price for your home.
Key Takeaway: Be willing to wait until right before your home goes on the market to decide on the exact asking price.
I’m here for you!
These are four strategies for you to think about before selling your home. In addition to these, there are several other strategies we’ll discuss with you when you’re ready to sell your home, including one that buyers LOVE called “What We’ll Miss Most.” I’ll tell you all about it!
When you start to think about selling your home and well before you are ready to go, be in touch with me. We’ll set up a time to meet and talk through all this and more to make sure you get the most out your biggest investment.
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