We all want to be good neighbors. But when it comes to selling your home, itās not just about ākeeping up with the Joneses.ā Itās about outshining them at every opportunity!
If youāre looking to sell your home fast and for the most money possible, youāll need a strategy to set it apart from all the other listings competing for buyers in your area. So, Iāve outlined my proven, five-step plan for serious sellers.
Use these five tactics to help your listing get noticed, win over buyers, and net a higher sales price than your neighbors!
Step 1: Stage your home to show its full potential
The average seller will do the minimum to prepare their home for market: clean and declutter, fix anything thatās broken, mow the lawn. And while those tasks are essential, todayās buyers want more than just a clean house and tidy yard. When they dream of buying a new home, they envision a designer house with modern finishes. Help them see your propertyās full potential by staging it.
Home staging is one of the hottest trends in real estateābecause it works! According to the Real Estate Staging Association, homes that are professionally staged spend 73% less time on the market.1
So what exactly is staging? In a broad sense, staging is the act of preparing your home for market. The goal is to highlight your homeās strengths, minimize any deficiencies, and help buyers envision themselves living in the space. When staging a home, you might rearrange the furniture to make a room feel larger or remove heavy curtains to make it appear brighter.
Some sellers choose to hire a professional home stager, who has specialized training and experience, to maximize the appeal of their home to the largest number of potential buyers. Others may opt to do it themselves, using guidance from their agent.
We can help you determine the appropriate budget and effort required to push your home ahead of the competition in your neighborhood. The good news is an investment in staging pays off. A 2018 survey found that 85% of staged homes sold for 6-25% more than their unstaged neighboursā homes.2
Step 2: Draw buyers in with high-quality listing photos
You only have one chance to make a first impression with potential buyers. And many buyers will view photos of a listing before they decide if they want to visit it in person. In fact, 87% of buyers find photos āvery usefulā in their home search.3 Poor-quality or amateur-looking listing photos could keep buyers from ever stepping through your door.
Since good photography plays such an important role in getting your property noticed, we only work with the top local professionals to photograph our listings. But we donāt just rely on their photography skills when it comes to showcasing your home.
Your agent should ensure your listing photos showcase the true essence of your home. For example, Iām always on site during the photo shoot to help the photographer capture the best angles and lighting, and to let them know about unique or compelling selling features that they should photograph. The extra effort pays off in the end. In fact, listings with high-quality photography sell 32% faster than the competition ⦠and often for more money!4
Step 3: Price it properly from the start
Even in a strong real estate market, there are homes that will sit unsold for months on end. This can be the ākiss of deathā in real estate, as buyers tend to imagine that there must be something wrong with the property, even if itās not the case.
But why are those houses still on the market in the first place? Itās because they are often priced too high.
Every buyer has a budget. And most will be viewing listings within a particular price range. If your property is overpriced, it canāt properly compete with the other houses theyāre viewing that are priced correctly. Which means itāll sit on the market until youāre eventually forced to drop the price.
Alternatively, if you price your home aggressively, it can be among the nicest homes that buyers have seen within their budget. This can lead to emotionally-attached buyers, who are often willing to pay a premium or settle for fewer seller concessions. And in certain markets, it could even lead to a multiple-offer situation, or bidding war. The end result? More money in your pocket.
Your agentās job is to use their market knowledge and recent sales data to help you determine the ideal listing price for your home in the current market. Pricing it properly in the beginning is the best way to ensure a fast and profitable sale.
STEP 4: Put on a good show at each showing
Once buyers are interested enough to schedule a visit, itās crucial that you put on a good show at each showing.
The first step is to make your home readily available (and often on short notice) for buyers to see it. A missed showing is a missed opportunity to sell your home. If you set too many restrictions on when itās available to view, busy buyers will simply skip over your listing and move on to the next one ā particularly when there are excess homes on the market.
Part of making your home available means keeping it relatively show-ready as long as itās on the market. Most of us donāt live picture-perfect lives, and our homes reflect the day-to-day reality of our busy (and sometimes messy) families. But a little extra effort spent keeping your home clean, fresh-smelling, and ready for buyers will help it sell faster ⦠which means you can get back to your regular routine as quickly as possible!
STEP 5: Use a proven promotion plan
Most agents are still marketing their listings like they did 20 years ago ⦠put a sign in the yard, put the listing in the MLS, and pray that it sells. Yet, we know that 93% of buyers search for real estate listings online.3
Thatās why we invest in the latest training and technologyāto ensure your listing appears in the places where buyers are most likely to look. Our dual-level promotion strategy includes both pre-launch activities designed to seed the marketplace and post-listing activities to ensure your home stays top-of-mind with potential buyers.
By utilizing online and social marketing platforms to connect with consumers and offline channels to connect with local real estate agents, your property gets maximum exposure to prospective buyers.
Letās get moving!
Are you thinking about listing your home? Get a head start on your competition! Call, text, or email me for a copy of my Home Sellerās Guide, which offers a complete guide to the home selling process.
Questions? Book a 30-minute sellerās consultation or get in touch the old fashioned way ā I donāt bite or pressure, promise! š
Trevor Stuart | REMAX River City
š± 780-884-6481
š§ trevor@trevorstuart.com
Sources:
1. Real Estate Staging Association - https://www.realestatestagingassociation.com/content.aspx?page_id=22&club_id=304550&module_id=164548
2. Home Staging Resources -
https://www.homestagingresources.com/2018-home-staging-statistics/
3. National Association of Realtors -
https://www.nar.realtor/sites/default/files/documents/2018-real-estate-in-a-digital-world-12-12-2018.pdf
4. RIS Media -
https://rismedia.com/2018/12/12/shocking-stats-importance-photography-real-estate/
