5 Important Tips for Sellers of Residential Real Estate

If you are selling your home, you want to make sure you are doing it right in order to sell it quickly—and for top dollar. The things you do in the weeks and months during and leading up to the sale can mean thousands of dollars made or lost.

The following five tips can help you to avoid mistakes, and maximize on this opportunity.

Listen to the Local Experts

One of the most important things you can do is listen to the local experts. While articles like this can offer a lot of valuable insight, they are no substitute for someone with “boots on the ground” in your area. The housing market varies greatly from area to area, and even neighborhood to neighborhood. Your local real estate agent, if chosen wisely, will be an expert in the area surrounding your home, and can give you specific advice on what you can do to get the most out of your home sale.

Choose Your Price Wisely

Choosing your price is a huge decision. There are many factors that you need to consider, and getting it right the first time is critical. Your home will never get more attention than in the first few weeks of it going on the market, and if it is priced way too high during this time, you’ll lose a lot of potential buyers that will never give it a second look.

When picking your price, consider the common “search” prices on real estate websites. If your home is worth right around $250,000 for example, remember that the real estate sites will typically group homes by $250,000-$399,000 so if you want to be in the higher priced group, list it at $250,000. If you want to attract those looking for something less expensive, price it at $249,999.

Invest in a Professional Cleaning

Very few people can properly do a true deep cleaning on a home. Even if you keep your house looking nice all the time, a professional cleaning can really make a big difference that potential buyers will notice. Finding a home cleaning company with a good reputation will leave your home looking and smelling great, which is one of the many things that influence buyers, even if they don’t realize it.

Be Smart with Your Upgrades

If you are thinking about investing some money into your home to try to get it to sell faster or for more money, make sure to spend your money wisely. Putting $20,000 into a new kitchen may look great, but by some reports it will likely only increase the value of your home by $12,000-$15,000. A fresh coat of paint or newer carpeting throughout the home, however, can cost very little and increase the selling price quite significantly.

Consult With an Attorney

One of the most important things someone selling residential real estate can do is talk to a dedicated real estate attorney. An attorney can help write or review contracts, recommend a trusted team of service providers (e.g., realtors and mortgage lenders), watch for scams, look at the title, and much more. Contact us to discuss your situation and see how we can help you throughout the selling process.

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Auricchio Law Offices

Auricchio Law Offices in Chicago provides a complete range of real estate services. We facilitate residential and commercial real estate transactions, advise and represent condominium associations, and represent property owners in real estate litigation. Whatever your real estate issue, we will work diligently to achieve your goals in a timely and efficient manner.

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