Before you can put you home up for sale you will need to determine the price you will set. You don’t want to price it too low and receive less than it’s worth. Although when you price it too high you may have fewer interested folks looking at it. You have to find the right middle ground, which is not always simple. To help you price your house, we’ll be sharing some useful guidelines on this topic.
The bathroom and kitchen are among the most important rooms in your home in the minds of prospective buyers. That’s why you may want to think about doing some work in these areas before you start showing your home. You have to look at your bathroom and kitchen and decide what might need fixing up or replacing. If you need a new refrigerator or cabinets in the kitchen, for example, you should do this before showing the house. Making any essential improvements to the bathroom (e.g. shower, toilet, tiles) can also be a very good investment to increase the value of your home. Some homeowners have the attitude that they will start off asking a high price for their home and then, if nobody makes any offers, lower it later. This isn’t as always as simple as it sounds. When a home has been in the listings for a while and hasn’t sold, real estate agents and buyers start to ignore it. This becomes what is known as a stale listing. So if your initial price is too high, even lowering it later might not help you sell it. There’s almost a superstitious aspect to this, but it’s widely recognized in the real estate business. More about Chris Landry and the mortgage rates he can get you in Vancouver, BC.
There are certain things you may do to your home that will add substantial value to it. There are some improvements that are just too much of an ordeal. Prior to starting an undertaking that may be too intense for the end result; sit down and weight the consequences. For instance, if you install something as extreme as a pool; you will not likely be able to validate the expense. Not everybody will use a pool and may think it is a bit flagrant perhaps and will opt to buy a home without one for a better price. Some folks may think a remodel for the garage or basement into more living area is a good idea, but maybe not. This may seem like a good idea to you, but the prospective buyer may rather use the garage for actually parking their car in and the other extra spaces in the house for storage. Chris Landry Vancouver mortgage broker information available here: http://chrislandrymortgage.ca/chris-landry-verico-paragon/
If you keep the above guidelines in mind, it will be easier to get the best possible price for your home. Your objective is to settle upon a price that’s fair to both you and the ultimate buyer of your home. Homes that are accurately priced have the best chances of selling in a short amount of time.