How to Get the Best Price for Your Home
The real estate market in Canada constantly fluctuates from one year to the next. While some saw the market rise during 2018, experts believe that the opposite will happen in 2019. This is due in part to the number of flippers who worked across the country in 2018. They purchased homes for cheap and flipped them for much more, which led to some buyers feeling priced out of the market. If you plan on putting your home on the market and worry that you won't get any good offers, there are things you can do to get the best price.
Set a Low Price
When you want to get as much money as possible for your home, you might think it would make sense to set your price higher. This can result in buyers not even looking at your home though because they assume they cannot afford it. It's often better to list your home for less, even if you worry that someone might get it for that price. If a prospective buyer puts in an offer that is too low, you can turn it down. When you set a lower price, you may start a bidding war with multiple people putting in offers. This can result in you getting more than you expected.
Though traditionalists believe that open houses and ads in the local paper are the best ways to sell real estate, going online can help you get the type of offer that you want. The world of online real estate marketing completely changed the way agents work today. You can now create your own listings and include photos and even a video tour of your home. Those photos and videos make prospective buyers feel as if they are there. That content will help them decide if they want to make an appointment for a real tour.
Do Make Repairs
Unless you live in a desirable area with houses selling regularly, you need to make some repairs before you even think about listing your home. No one wants to move into a house that needs new paint on the wall or new flooring. Many buyers won't look twice at home that requires major repairs to the roof or foundation either because they want homes that are move-in ready. You should set aside as much money as you can afford and hire contractors to do those repairs.
Clean As Much As Possible
Have you ever visited a friend's home and smelled the litter box as soon as you stepped inside? Though every home in the world smells different, some smells worse than others. When prospective buyers pick up odors from your pets or the foods that you cook, they may leave without thinking about making an offer. You really need to clean as much as you can. This applies to the outside of your home too. Buyers don't want to see kid's toys, pet waste and torn trash bags on your lawn. They want to see a clean and green lawn with a clear walkway up to the front door.
To get the best price for your home, you need to be proactive and get your home ready to sell. With experts warning of a downturn in the Canadian real estate market in the future, it's important that you know what you should do and what you shouldn't do. Some of the things you can do to get a good price for your home anywhere in Canada include cleaning both inside and out and setting a lower price.