This time of year many of us find reflecting on the year that has just passed and the one to look ahead. Things that went well, things that you achieved, and things you may want to change. If you are considering change, and a change of address is one of your reflections, now might be a good time to consider if a “FOR SALE” sign is one of your 2022 New Year's Resolutions.
The inventory on the market is at record lows and demand from buyers is high so this is a good time to consider a sale.
So where do you start? Well, as with any real estate transaction, working with a team of experts to get your current market advice, and advance planning are all critical components to the success of the sale of your home. Taking the time to plan can help take this sometimes stressful and emotional time a little bit easier. So, I have gathered a few tips for the important things to consider when selling your home to lead to a successful sale.
Planning your sale well in advance
Preparing your home for sale, and getting ready for a move to a new home involves a number of moving parts. And sometimes takes longer than you think. From hiring your expert Realtor ®, to meeting with your lender to discuss your best financial plan for a move, or having a lawyer or contractor ready …are all things that make up a good planning process. It’s always good to plan it right and in advance and…not rush it wrong.
Time to fix those little things you’ve been putting off
Do you have a list of minor repairs on your “to do” list? Well, now is the time to fix that leaky faucet, patch that hole in the wall you hardly notice anymore, that kind of thing. It might be time to refresh the paint, however a conversation with your Realtor ® is a good idea so you can focus on the repairs that are most likely to contribute to a successful outcome.
Take a close look at the neighbourhood sales
In advance of setting your sale price, be sure to work with a local Realtor ® and discuss the local market conditions and a deeper dive into the recent sales in your neighbourhood. Understanding the current market and how your home compares to other local homes is key. This is important information to determine your list price, as setting the right price is a critical piece to the success of your sale and your bottom line.
Dedicate time to declutter
Deciding to put your home on the market is one thing, getting it showroom ready is another. Depending on how long you have lived in this home, it could be a big project. Time to declutter, pack, donate or store anything that is personal or taking up space, your goal is to have clear surfaces, no extra tables, or unnecessary accessories. Why not recruit a willing family member or friend, and bit by bit, you will see your home transform into showroom ready space?
Staging to sell
Staging your home has already started with your decluttering process, now it’s time to remove any last personal photos or items and make your home as open, clear and organized as possible. Your Realtor ® will have suggested professional stagers if you need some additional help to organize or perhaps you may need to rent a few pieces of furniture to best show off your space. Some Realtors ® offer this as part of their services, as it is time and money well spent to contribute to a positive outcome.
Traditionally spring is a hot time to sell your home, however this starts in advance with this type of work, there may be no better time than today to start working on that For Sale sign and your New Year's Resolution.