This is a sponsored guest post.
It was a tough decision, but it’s finally done. Your house will be on the market for sale as you prepare to move your family to Utah. You’ve seen how houses are renovated to improve their market value. Property investors talk about improving curb appeal by doing the outdoor landscaping or renovating the kitchen. Plants need to be added and walls need to be repainted. You see contractors bringing in landscaping supplies from Utah, such as pallets of sods, bricks, and cement. It seems like a lot of work and probably will require sums of money as well. But you might also stand to profit a little. How does one do it? Is there a blueprint for getting a house out of the market quickly? Is having a realtor required?
These ideas will guide you.
The Market
You should find comfort in the fact that following the crisis in 2008, the real estate market is bouncing back. According to the National Association of Realtors (NAS), the total existing-home sales are just below 5.5 million units, and the growth rate is at 2.5% as of July 2019.
Houses are being sold at a median price of nearly $280,000. First-time buyers constitute about 32% of the market while investors and cash sales were at 11% and 19% respectively.
This will give you a very good indicator of how much you could get for your property and who you should be targeting as potential buyers. You should do your investigation and find out the values of properties in your area.
Do I Need a Realtor?
You’re getting married. Do you need a wedding planner? Going on a trip abroad with 15 family members. Do you need a travel agency?
Unless you have all the time in the world and an unlimited supply of patience, your answer should be “Yes!” The same would probably apply to whether to get a realtor or not to sell your house. Selling it takes time and effort, from putting the listing online, corresponding to potential buyers and running an open house. These are the things that you will be doing if you opt for the fizz-bo model or FSBO(for sale by owner).
One of the downsides of the FSBO model is that you need to be ready to hear negative feedback about your home from buyers and their agents.
To Remodel or Not
Why not follow what you see on TV, like a flip? Put money in remodeling your house and hope that you could sell it a higher value.
Real estate experts say that, typically, you can recover 65% to 70% of the money that you put on a renovation. That’s not so bad. What’s crucial, however, is that you spend it on something that will truly attract buyers and eventually lead to a sale.
Priority Upgrade
If you do opt to renovate, kitchen upgrades have higher success rates than other areas of the house. Get excellent appliances integrated into the remodeling.
Wow! them immediately from the outside by improving your curb appeal. This can include adding new plants, repainting of the walls or improving the pathway to your main door.
This is not a comprehensive list, but it should start you down the right path.
