Despite the coronavirus pandemic, now is a good time to consider selling your house. Throughout the United States, the current unemployment rate is around 15%, the housing market was pretty hot before shutdowns started, and many potential buyers still have money they want to spend. Even better, interest rates are very low, sitting at around 3.26% for a 30-year fixed loan and 2.73% for the 15-year fixed loan.
Tips to Get the Most Money for House During COVID-19
Homes that buyers really want are in short supply, too, according to an article about selling a house by owner from Houzeo. However, if you are selling, you may need some tips on how to earn as much money as possible when selling your house. Keep reading to learn more about how to do this successfully.
01. Put Extra Effort into the House Sale
Prior to the pandemic, you could sell your house for your asking price by putting a sign in the yard. However, you would be leaving some money on the table. Today, the focus is on conducting virtual tours.
To get the most out of your home, you have to present it in the best condition possible. There are always going to be homes that are on the market and that are shown to home buyers who fall in love with them, regardless of the condition. Take some time to wash the carpet, paint the walls, remove clutter, fix things that were broken, and just fix up the structure.
When posting pictures, make sure you show everything and that it is displayed in the best light possible. This includes the outside area of your yard.
02. Have Your Home Inspected
It is smart to pay for a pre-inspection from a quality and well-known inspector. When you get the results from the inspection, you should fix the things that seem the most important. Take time to fix any issues that may be problematic. For example, if you have an older roof, it could be a bad sign for buyers and prevent the bank from offering a loan.
It is also a good idea to include any pre-inspection results with other disclosures regarding the home. It is easier to provide potential home buyers with this information than to have 10 different buyers all with different inspectors at your home.
Knowing what is wrong with your property can also help to remove cases of uncertainty, which will help unlock better offers. By removing the unknowns, your potential buyers will be able to provide the best possible offer.
03. Only Use Your Best Pictures to Sell Your House
You can create photo slideshows that work as a visual walk-through. However, this is not the best strategy. Instead of starting at the front door, put the most “wow-factor” photos first. People are looking at these super-small photos on their smart devices. They need some type of motivation to call you and make an appointment to see the house in person. You have to capture their attention in just five seconds, or you may lose them for good.
04. House Price for the Current Market During COVID-19
Even in a strong market, you have to know your limits. You must price your house based on what is going on right now. It is a good idea to work with a realtor who knows the cost of comparable homes in your market. This is going to help you figure out a fair price for your property.
In the end, by using the tips to get the most money for house during covid-19, you will be on your way to making the most money possible for your home. Just remember, patience is essential to help ensure you get the price you want.
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