A Statista survey revealed that five million US homes were sold in 2020, a slight reduction compared to 2019 and 2018 sales. Although people sell their homes to make a profit, only a few know how to save money in the process. Perhaps, you own a home and are thinking about the easiest way to sell it off while saving some money in the process. In that case, please consider the following tips.
Sell As-Is to a Credible Property Buyer
The stress of selling your home is compounded even further in the absence of an experienced and credible property buyer. You can avoid all the pressure when you engage a residential property buying agency, as they understand the complexities that come with home sales. Therefore, their business operations focus on taking pressure off the seller.
For example, some buying agencies help you avoid pricey repair works on the house. Additionally, there is no need to worry about home staging or long listing periods, as the process is fast and lawful. Even better, you will receive a competitive offer for the property you are selling. Therefore, it’s prudent to sell your house fast by leveraging property buyers who offer these advantages.
Time Your Home’s Sale Correctly
Research indicates that houses sell faster in early spring than at any time of the year. More importantly, sellers make more money from the quick sale because the house doesn’t get listed for long. In most major cities across the United States, property sellers wait till this time of the year to sell their homes at their preferred price. Moreover, there will be no need to negotiate high commissions with property agents in this instance.
Carry Out Essential Repairs
If you don’t intend to sell your house as-is, then you are obligated to carry out essential repairs to upgrade your property value. This will save you money in the long run, as you don’t have to reduce your price when a buyer makes an offer. Keep in mind that sometimes, undone repairs are used as negotiating points by the buyer to decrease the actual cost of the property. Therefore, to ensure you’ve got all essential repairs done, carry out a thorough home inspection before getting your property listed.
Improve Your Curb Appeal
Your home’s curb appeal refers to the exterior portions leading to the front door. According to the National Association of Homebuilders, an excellent curb appeal can add up to 11% of the total cost of a residential property. Therefore, they recommend making this an essential consideration for home sales. A new outdoor light fixture, a fresh coat of paint on the front door, well-manicured lawn, etc., are examples of upgrading your home’s curb appeal.
Remember that the first impression you create for your home will save you money when you make the final sale. Indeed, there are more ways to save money when selling your home, but a lot of it will depend on how proactive and financially conscious you are.