What to Figure Out Before Putting Your Home on the Market

Selling your home is a big deal. Not only is your home a huge asset worth a lot of money, but it also has sentimental value. You want to make sure that you can sell your home for what it is really worth. This requires you to figure out a few things before putting your home on the market.

Maintenance Needs

First off, you need to find out what maintenance needs to be done on your home. In other words, you need to make sure you are selling a “sellable” house—one that buyers don’t see any problems with and would happily pay for. Fixing damaged flooring is one of the most important things before selling your home. This is because buyers immediately see the floor once they tour the home. Taking time to fix up things like the flooring can greatly increase how valuable and sellable your home is.

What it’s Worth

People are always trying to get things for less than they are worth. In order to get a fair price for your home, you first need to know what a fair price for it is. Your home’s value depends primarily on the location and condition of the property. Do some research into your home’s location and condition in order to determine which offers to consider seriously and which to ignore.

How Competitive the Market Is

On average, homes in the United States sell for more in June and July. In the summer, there are both more active home buyers and home sellers, making the market very competitive. You want to sell your home when there are many buyers looking for homes because they will put in higher offers in hopes of beating out competing offers. However, if possible, you also want to sell your home when there are not a lot of houses being sold in your neighborhood or town. Selling when there are many houses on the market makes it harder for your home to stand out and compete with other properties.

The housing market can be somewhat unpredictable. However, even though some variables of home selling cannot be planned for, you still have a lot of control when selling your home. Planning out things before you put your house on the market can help you be more confident when selling and get a fair amount for your property.

Check out this article on why waiting to sell your home can cost you a small fortune!