Listing a home for sale on the market in takes money. Even if you skip the services of a real estate agent to save on the commissions, it can be costly to prepare the property to attract buyers, commonly seeking homes that are in ready-to-move-in condition. However, if you can’t perform significant renovations or make other improvements to enhance the property and garner the highest possible sales price, don’t despair; it is possible to list on a budget.
But, first, you must market the listing; the days of sticking a sign in the front yard and waiting for a call have long since passed; home buyers now search the internet for online listings, and your home won’t sell if your listing doesn’t stand out. So read on as we explore five tips for selling your house on a budget.
While it doesn’t cost money to set a price on your home, it does take a combination of many factors to hit the target. As professional home buyers, the pros at My Y Holdings LLC can tell you that one of the most important aspects of a quick sale is to price the home at the right price, and this is the first of our tips for selling your house on a budget. You can save yourself considerable time by the simple act of not overpricing your home. You may also save a great deal of money in potential holding costs because when buyers see a home that is priced too high, they simply move on, knowing they can get more for their money. Meanwhile, you’ll be left holding onto the property for weeks and weeks. But don’t make the mistake of swinging too far in the other direction; buyers are suspicious when they see properties priced below market value. Regrettably, missing the mark in either direction can be costly in another way because homes that linger on the real estate market tend to sell far below the current market value.
Our next tip for selling your house on a budget involves minor fixes that can improve the property’s appeal to buyers. First, you’ll want to keep in mind that high-quality digital images will be representing your property online, so it’s vital to present a bright, clean home, turn on the lights and open the drapery for photographs. At a minimum, make repairs to any noticeable damage. Next, add a fresh coat of paint for the interior and exterior and any fencing or sheds, and keep the lawn and shrubbery trimmed and free of weeds. Powerwashing your drive and sidewalks is a relatively inexpensive task that provides a significant visual impact to potential buyers. Finally, ensure the garage and any storage spaces appear free of clutter, organized, and only half full; remove large furniture pieces that can overwhelm a room and store a majority of your belongings in a temporary storage facility.
Another tip for selling your house on a budget is to make the property readily available for showings. If buyers that suddenly show up can’t see your home, they will move along to the next one. It’s helpful to have a plan in place for removing any signs of pets from view and arranging for them to stay with family or friends or arrange family-friendly activities that your pets can enjoy as well. You’ll want to have grab bags ready to go for any pets as well as snacks and any other essentials to keep your family happy while you wait. For many, showings are one of the most bothersome and stressful aspects of selling a home, but you can turn it into a quality time full of special memories with some advanced preparations.
One more cost-free tip for selling your house on a budget is to keep your emotions in check during negotiations. It’s helpful to remember the buyers you attract are trying to get the best bargain possible and don’t mean to insult you with their offer, even if it’s excruciatingly low. But, again, running comparables on the market with a realistic price point can help avoid this painful scenario.
My Y Holdings LLC
The professional home buyers at My Y Holdings LLC can provide you with all of the tips available for selling your house on a budget; our job is to help you sell your home for the best possible price. In addition, the professional buyers at My Y Holdings LLC will detail what you’d earn by prepping and listing your home on the market vs. our fair offer for your house as-is, meaning no prep or repair costs will come out of your pocket. Working with My Y Holdings LLC means you could be walking away from the closing table with cash in hand in a matter of days! Ready to learn more? Contact My Y Holdings LLC at (732) 996-9850.