Many factors contribute to the final selling price of your home. While some of these factors, such as location and the condition of your home, play a huge role in pricing, other factors go largely unnoticed but may have a significant effect on how much you can get for your house. With that said, here are some of the factors that will affect the final selling price of your home and what can be done to increase your sales price:
1. The condition of your house
The condition of your home is one of the biggest determining factors in how much you can get for it. If you have a house that has been neglected for many years, the chances are that it will not bring $1 million. However, depending on the condition of your house and its location, it can still fetch a fairly large price.
2. Increase awareness of your sale
The more people that see your house is for sale, the better. A good way to increase interest in your home is by making it easy for prospective purchasers to find out information about your property. For example, most people choose to use a Realtor because they offer marketing services that include listings on the major property portals. The information on the portal should include:
- Good photos of the property
- A well-written property description
- A video tour
- A well-drawn floor-plan
3. Curb appeal
The curb appeal of your house should be in good condition. If it is not, you will surely lose some potential buyers when they visit your home. However, curb appeal is a subjective concept. People can love the way a house looks from the outside but dislike the inside and vice-versa.
4. A clean property
A well-kept home always attracts buyers, and even if you do not realize it, there are certain aspects of your home that are important to prospective buyers. The perception that a place is well-kept often influences whether or not people think it is worth checking it out further. Realtors also recommend that you make all necessary repairs and keep cleaning up after yourself in between open houses. A clean home will show prospective buyers that you are serious about selling your property.
5. Present the home well during open houses
When showing your property during an open house, it is important to make the whole event feel like a party and avoid doing things that may turn buyers off. Avoid talking negatively about your current neighborhood or association rules. Remember, you are trying to sell the house, so do not paint a negative picture of the place or its surroundings because if people see it in person, they may be disappointed and not want to buy it.
There are a lot of factors that affect the final selling price that you can expect to receive for your house, but if you prepare your home well and do some research about how much houses in particular areas sell for, you can get an idea of what it’s worth. If you also have a clean and well-presented home, people will be more likely to check out your property as a potential buy.