Before you list your house, you'll need to establish a competitive price for it. That way, you can increase the likelihood of stirring up plenty of interest in your house as soon as it becomes available.

Now, let's take a look at three best practices for pricing your home.

1. Evaluate the Real Estate Market

The current real estate market's conditions can impact your ability to sell your residence. However, if you study the real estate market closely, you can differentiate between a buyer's and seller's market and plan accordingly.

In a buyer's market, the number of home sellers exceeds the number of homebuyers. As such, you likely will need to establish an aggressive price right away to separate your house from the competition.

On the other hand, a seller's market favors home sellers over homebuyers. If you're operating in a seller's market, you may be better equipped than ever before to earn a significant profit.

To differentiate between a buyer's and seller's market, examine the prices of recently sold homes and available homes in your area. This housing market data can provide deep insights into the current state of the housing market. Plus, this data can help you understand how your residence stacks up against the competition.

2. Conduct a Home Appraisal

Ultimately, a home appraisal can make a world of difference for any home seller, at any time.

During a home appraisal, a professional appraiser will examine your house both inside and out. Then, this appraiser will offer a valuation of your property based on his or her findings.

A home appraisal involves an evaluation of the current condition of your home, your house's age and your neighborhood. Therefore, if you complete a home appraisal, you should have no trouble using the appraisal results to help establish a fair price for your residence.

3. Collaborate with a Real Estate Agent

When it comes to selling a house, there is no need to work alone. Fortunately, if you collaborate with a real estate agent, you can receive expert insights into all aspects of the home selling cycle.

A real estate agent is happy to meet with you and learn about your home selling goals. Next, this housing market professional will offer home pricing recommendations, ensuring you can make an informed decision about how to price your house.

In addition, a real estate agent will go above and beyond the call of duty to ensure you can enjoy a seamless home selling experience. This housing market professional will promote your residence to large groups of homebuyers, set up home showings and open houses and put together an engaging and informative home listing. Also, a real estate agent will always keep you up to date about any offers on your home.

Looking to list your home in the near future? Use the aforementioned best practices, and you can establish a competitive price for your residence and boost your chances of a fast, profitable home sale.

Photo by Schluesseldienst via Pixabay

Selling? Ready to wow potential buyers with some high-impact touch-ups? Here are some top ideas to mesmerize home buyers—without spending a fortune on renovations. 

Dazzle Them at the Doorstep

Many of today's home sales, and certainly most fast transactions, begin with online browsing. First, snap a photo of your home. Take it from the perspective of someone walking up to the front door. Is the walkway weeded? Is the welcome mat spiffy? Is the patio tidy? Think about the irresistible qualities of your home, as you first saw them. Are those charming elements as visible today? Lay fresh mulch on the front garden to touch up the landscaping. A coat of paint for the door, window frames, and decorative shutters is well worth the time invested. Just one sunny day's work...et voilà!

Now, to clean the windows. Are they perfectly clear and inviting? Peek in. Is the interior clutter-free, sparkling clean, and charming? Well done! You're ready to start your virtual home tour on your social media accounts!

Uplift the Interior Mood

Look for spots where you can lighten up the interior look. White paint over dark panels, doors, or cabinets can make a world of mood-lifting difference.

If possible, remove the furniture, except for your staging pieces, before having the photography done. Make the essence of your home bright and joyful. Consider, for instance, that essential oils can be exceptional mood enhancers. Research has confirmed lavender's "anti-agitation and antidepressant" effects.

Make this knowledge work for you. Drop a little lavender oil on your AC filter, or on the cardboard roll inside toilet tissue, for diffusion that keeps spreading a calm feeling throughout your home. (You can share the tip with the new homeowner at closing!)

Try Speed Renovating 

Here again, start by taking pictures inside. Find your best touch-up targets. 

For example:

• Pick out some simple brass outlet covers to replace your old ones.
• For a mini-makeover in the kitchen, install a sleek, new faucet. It's a relatively small project. But it can be transformative.
• Grab some attractive peel-and-stick tiles. Make a backsplash to frame your stove or sink.

Now, throw those curtains open! Open those blinds and windows. Bright, sunny interiors sell homes. 

Ready to Sell Your Home?

Great!

You've cleared out everything. The baseboards are painted. Your kitchen is ready with its glistening—and empty—countertops.Be sure the lock and key work nicely. (You might be surprised, but homes get passed over because the agent can't get the key to work.) Now, you're ready to open your home, and I'm ready to help you. Just give me a call, and let's get that SOLD sign ready!