The real estate market has a high complexity, if we add to this the changing landscape in financing and the value of the property, it is likely that if you have a property to sell you will also have a lot of questions about the sale of your house.
Based on our experience as real estate agents in Newcastle for more than 20 years and seeing what worried and worries our clients, we believe that any owner who wants to put a property for sale should have an answer to the following questions.
What is the value of my house?
You can find just about anything on the Internet these days, and that includes an estimated value of your home. But before you start searching and comparing online to try to figure out how much your home is worth, take a deep breath and decide to remember one thing: "You should not believe everything you read on the web."
It is possible that an estimate made with an "online price calculator" is correct, but these algorithms depend on numbers and combinations that may or may not be precise, and take into account or not aspects such as the condition of your property, the built area, the living space, any features or services you have added (or removed).) and recent sales of nearby properties that could be comparable to your own home.
The most reliable method is to ask advice from a professional. A real estate agent who sells properties in your neighborhood every day will be able to give you a better idea of how much your particular home could capture in today's market. If you want to review what you should take into account when evaluating a property, read this post.
What factors influence the value of your home the most?
There are a number of factors that tend to greatly affect the market value of a property, ranging from home improvements to the condition of the home.
The job of a real estate agent is to sell your client's house at the best price and as quickly as possible. This means that you should carefully consider any factors that may affect your home's value. Some of these include:
- Physical attributes such as size of the property, square meters and conditions in which the house is.
- Factors that may be desired by the prospective buyer, including location, special amenities, and property attributes
- Current real estate market conditions
- Sale price and quotation of similar homes in the area
How can I get the best price for a home?
When you sell something you want to obtain a fair market value, and if possible as high as possible and more if it is a home, probably the most important purchase you have made.
A real estate agent will be able to show you where you have room for improvement in order to get the best price.
If you do not want to hire a professional in the sector, start fixing and repairing those small flaws that the home presents. A thorough cleaning, a coat of paint if necessary, check the taps, etc. No detail is too small - make sure every room in the house sparkles to its best and smells fresh and airy. You can learn more information on this blog post: "Why you must Repair Your Home Before You Sell It"
There may be quite a few additional projects you could tackle to increase the value of your home, such as adding a deck, remodeling the kitchen, or even adding entire rooms in some cases. Those are good opportunities that can represent a profitable return on investment when you sell the home.
Real estate agents also work with set designers and photographers to enhance the first impression your home makes to potential buyers; do you know what Home Staging is? When a buyer falls in love with your home, the first contact was most likely through an advertisement on a website.
How long should it take to sell the house?
The time it takes to sell a flat or house depends on where you are and the local real estate market conditions. The listing price, the condition of your home, and the marketing and staging skills of you (or your agent) can also play a role.
However, in general, the data shows that it is not easy to sell a property in less than 3 months. Of course, it varies greatly depending on the state, the situation and the conditions of the real estate market.
Do you want to avoid the hassle of listing and dealing with potential buyers? Find out some ways to sell your home easier.
Should I hire a real estate agency to sell my house?
Obviously it is not mandatory, but it is also evident that it is usually the fastest way to sell your house and to get the best price.
First, a real estate agent will guide you through the entire process of selling your home. The real estate agency will put your house on the market, take care of taking the pictures, show the house to potential clients, advise you with home staging and guide you until the closing of the operation. Knowing the local market data can help you properly price and market your home.
Obviously the real estate will charge you for its services, but in general it will be profitable. You can also sell the property exclusively with a real estate agency, here you can see the advantages of it.
Selling a house is not an easy task. Know the market, set an
appropriate price, make the house attractive to potential buyers. Without a
doubt, a professional can be of great help. Get in touch with Arnold Property today!