It’s a seller’s market right now. In May, according to Redfin, more than a quarter of homes sold for more than their asking price and the typical home was only on the market for 37 days before getting an offer. However, depending on where you live, it may take much longer to sell your home. The good news is that there are some things you can do to make your home stand out from the competition and sell faster. Here are five:
Improve Curb Appeal
You will attract more passersby when your home looks nice from the street. A recent study even showed that sellers get higher asking prices when their homes look good from the exterior. You might want to hire a landscaper if it fits your budget. But if not, there are lots of things you can do yourself. First of all, make sure the exterior of the home is clean of debris like dirt and cobwebs; use a power washer if needed. Also make sure the lawn is trim and neat. To beautify, plant colorful flowers and small shrubs in places you want to highlight. Shrubs can also be useful for hiding unattractive areas and foundations. There are lots of sites online where you can get helpful landscaping tips for free.
Rent a storage unit and move anything out of the home that you don’t need for daily living. Clutter makes rooms look smaller and untidy, and you want them to look as big and spacious as possible to potential buyers. Also, sellers like to imagine themselves in the house with their furniture and possessions, which is hard to do if they can’t see past all your stuff.
Nothing can perk up the inside of a home and give it a refreshed, clean look as inexpensively as a new coat of paint. While color is acceptable if done right, consider neutral colors that will work with any buyer’s décor. Remember it doesn’t matter what colors you like as the space will soon belong to someone else.
Improve the lighting in your home by changing out low-light bulbs for brighter ones. Add more lamps if needed and strategically place mirrors to reflect light to make rooms appear even brighter. Also take advantage of natural light by keeping windows and blinds open for showings. Be sure windows are clean as well to let in as much light as possible.
Staging is a proven strategy for helping homes sell, but it can be expensive to hire a professional do this and also inconvenient if you’re still living in the home. However, according to Realtor.com, virtual staging is an affordable option that doesn’t involve moving your furniture that only costs around $100 per room. This process involves taking photos of your actual rooms and then adding in images of trendy furniture and accessories. This makes a lot of sense when you consider that today, according to Redfin, one in three homebuyers actually purchase homes before ever stepping foot in them in person.
Lakeside Title Has Smart Resources
If you’re a first-time homebuyer, check out our Smart Resources page to learn more about title insurance and to find other useful information and tools. Lakeside Title Company is proud to offer title insurance and services designed to simplify residential and commercial transactions for buyers and lenders. To learn more about our comprehensive title-related services, give us a call at 410-992-1070.