Not long ago, home sellers were in their heyday, as historically-low mortgage rates triggered a real estate buying frenzy. But, it’s no longer as simple to sell a home. Higher prices and rates have pushed homebuyers to their limits of affordability.

The reality is, home inventory remains low, so most properties will still sell with some basic prep and a good real estate agent. But owners who go the extra mile are more likely to sell faster and for a higher amount.

If you have plans to sell and want to net the most money possible, this list is for you. Here are 6 strategies to attract the best offers for your home.

UNDERGO A PRE-LISTING INSPECTION

Ordering your own pre-listing inspection shows buyers that you’re committed to a transparent transaction. And in most cases, it’s better to know about and address issues upfront than to find out later, when it could cost you more in the form of repair credits, a delayed closing, or a cancelled sale. We can help you decide if a pre-listing inspection is right for you.

CONSIDER STRATEGIC UPGRADES

For example, new flooring can generate up to a 150% return on investment at resale and a countertop upgrade could pay for itself. But before you make any changes, reach out. We know what buyers in your area want and can help you decide if an upgrade is worthwhile.

HIRE A HOME STAGER

According to the U.S.-based National Association of Realtors, 53% of seller’s agents say staging helps homes sell faster and 44% of buyer’s agents see higher offers for staged homes. There’s plenty of strategy behind the process, so it’s smart to consider a professional. Reach out for a local referral.

EMPLOY A COMPETITIVE PRICING STRATEGY

I’ll run a comparative market analysis (CMA) to help us determine an ideal listing price based on the amount that comparable properties have recently sold for in your neighbourhood. Combined with local market insights, we’ll set a price that will attract the best offers.

USE A PROVEN PROPERTY MARKETING PLAN

Buyers who don’t know about your house can’t make an offer. That’s why I utilize a multi-step marketing approach that starts with identifying your target audience, effectively positioning your home in the market, and communicating its unique value. Reach out to discuss how we can generate interest and offers for your home.

WORK WITH AN AGENT WHO UNDERSTANDS YOUR AREA

I know the local market because I’m working directly with sellers like you. I also represent local buyers who are active in the market, potentially searching for homes like yours. That puts us in an ideal position to price and prep your home for a quick sale and maximum profit.

LET’S GET MOVING

Are you ready to get a great offer for your home? My multifaceted approach can help you maximize your real estate returns. Reach out for a free home value assessment and customized sales plan to get started!

The above references an opinion and is for informational purposes only. It is not intended to be financial, legal, or tax advice. Consult the appropriate professionals for advice regarding your individual needs.

Sources:

1. National Post -
https://nationalpost.com/moneywise-pro/high-interest-rates-are-still-a-problem-for-potential-homebuyers-here-is-advice-for-navigating-the-real-estate-market

2. Bankrate -
https://www.bankrate.com/real-estate/prelisting-inspection/

3. RE/MAX Canada -
https://blog.remax.ca/best-home-renovations-biggest-roi/

4. Journal of Real Estate Research -
https://www.researchgate.net/publication/5142154_Landscaping_and_House_Values_An_Empirical_Investigation

5. National Association of Realtors -
https://www.nar.realtor/infographics/staged-for-success

6. The Balance -
https://www.thebalancemoney.com/looking-twice-at-overpriced-homes-1798671

7. Real Estate Magazine -
https://realestatemagazine.ca/the-return-of-the-vendor-take-back-mortgage/

8. RE/MAX Canada -
https://blog.remax.ca/how-to-take-advantage-of-the-vendor-take-back-mortgage/

9. National Association of Realtors -
https://www.nar.realtor/research-and-statistics/quick-real-estate-statistics