How to make more Money when Selling your Home

Make more Money Selling your Home
Published on December 26, 2021

Not impressed with the offers — or lack thereof — that you’re getting for your home? If so, you’ve come to the right article. You don’t have to settle for lacklustre offers when selling your home. Using the right REALTOR® will tell you all about how to make more money on your home, whether that’s by changing your approach or upgrading the property.

1. Improve Curb Appeal

You only get one shot at a first impression, so make it count. Investing in your home’s curb appeal is one of the most effective ways of increasing its value and attracting more buyers. In addition, making a few inexpensive cosmetic improvements to your home’s exterior can have a significant difference.

Your efforts to improve your curb appeal could be focused on landscaping. Keeping up with mowing, weeding, raking, and hedge trimming will quickly en your property. You could also plant flowers, repaint your front door, or purchase a cute welcome rug.

If you think your property needs a more significant upgrade, you could also repaint the outside of your home. However, if you don’t have the time or money for this more substantial project, you can touch up the window frames and shutters instead.

2. Selling your home at the Right Time

The state of the economy and the real estate market at large will significantly impact how much you can sell your home for. The most significant factor, however, is the time of year. The optimal time to sell your home is typically in June — people are less likely to sell their home during the colder months.

3. Price Your Home Properly

If you want to gain the most money possible for your home, you may be tempted to list it for a very high asking price. This, however, is the wrong approach. Pricing your home too high can be off-putting to buyers and lead to your property being stuck on the market for months or even years.

What you need is someone to conduct a professional home appraisal. A realtor, for example, can do a walk-through of your home and analyze the local market to decide on the right listing price. They’ll know how to price high without scaring off potential buyers.

4. Negotiate Offers

Don’t simply accept the first offer that comes your way. The goal is to attract multiple bidders that will try and outdo each other to acquire your home. You, or ideally your realtor, can let interested buyers know that you currently have multiple bids and would like to hear their final offer.

Please note, a buyer may include certain contingencies in their offer that allow them to back out of the deal. Thankfully, a realtor can help you determine which of your highest offers are least likely to fall apart.

5. Hire a Professional REALTOR®

Is a REALTOR® worth it? If you’re trying to make lots of money on selling your home, you may be tempted to skip out on paying a REALTOR®. However, choosing the right real estate agent is a wise investment you won’t regret.

If you want to get the highest amount possible for your home, you need a REALTOR® to identify potential issues, price your home correctly, and negotiate offers. In the end, an agent’s hard work will almost always offset the amount you’re paying them.

Thinking of Selling your Home? Contact a Local REALTOR® Today

When selling your home, it’s critical to have a REALTOR® on your side. With their knowledge and experience, an Ontario real estate agent can expertly negotiate offers, make recommendations to improve your home’s curb appeal, conduct a home appraisal, and advise you on the optimal time to sell your home.

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