Real Estate
If you are looking to get into the real estate market in the Stockton area, the first thing you need to know is that we are in a buyers market. Being in a buyers market means that selling is harder than usual. Your home must compete with other Stockton homes and others in the surrounding area because there are not enough buyers for all of the homes.
If you are looking to get your home sold fast, it’s time to think about preparing your home to sell and maximizing its value. Make it easy for potential buyers to see why your home is the one they want to purchase.
Preparing Your Home To Sell
When in a buyers market, buyers have far more power in the negotiation stage. You will be going through inspections and appraisals after you accept an offer. These will show anything about your home that is in need of repair. Issues with your foundation, water damage, roof or siding problems, all of it will come out during this period. After that, your buyer can negotiate your original deal to accommodate the unexpected expenses. You may be asked to make repairs, cover costs, or lower the agreed upon price. It’s best to go through the process of preparing you home to sell before you enter the market.
Repairs
The first thing you will want to focus your time and money on is repairs. These tend to be larger and more costly, but can save your deal. If you know of repairs that need to be done on your home, think about addressing these. Some repairs are ones that you won’t know about until an inspector comes and takes an expert look at your home. Connecting with an inspector can not only tell you the repairs you could make, but also prepare you for the selling process by knowing the possible issues that could arise during the escrow process.
Renovations
This is the fun part. You can tackle projects that you likely have wanted to do for yourself for a long time now. These can also be more budget friendly and you can highlight the best places in your home.
Highlight The High Traffic Zones
The top places in every home that people are looking at are the kitchens and bathrooms. If you are looking for the best places to work on, these are it! Fresh paint or touch ups, new hardware, a deep clean, and updates are best spent here! When these places stand out in a buyers mind, your whole home does!
These are also the spots to do renovations. Replacing tile, cabinet doors, and backsplashes to update it to match market desires will keep people thinking about your home. To get the most bang for your buck, these spots are where you want to spend your money.
First Impression
The outside of your home will leave a lasting impression on buyers. It’s the first thing they see when looking online, and when they tour your home. When an agent brings them to your home, they sit at the front door while the agent figures out how to get in – which can take a few minutes. During which time, they have plenty of time to observe everything about the front of your home. Make sure your home is dressed to impress!
Give your home a good power wash or get a fresh coat of paint on. The front door could probably use a fresh coat of paint as well! You will also want to refresh the landscaping with fresh mulch or bark. Pull all of those pesky weeds you’ve been putting off and make sure all of your greenery is alive and thriving. Make sure to also clear out any cobwebs, bird poop, or wasps nests that may be hiding.
Making the outside of your home look like new invites buyers to feel at home before they even walk through the door.
The Costs of Selling
Selling your home does cost a pretty penny. People on average spend thousands on repairs
either before listing or during negotiations. This is on top of commission costs, appraisal costs, and continued mortgage payments while you wait for a closing date. While you come out with lots of the equity you’ve accumulated, you still have a lot of costs associated with selling. You can see how we break down the cost of selling here.
Too Costly Of A Process?
If you are in a place where you can’t afford to get your house ready to sell, or you simply don’t have the time, there are other options for you.
Cash buyers like Eric with ASDM Homes are here to help you with your home selling needs. We are ready to purchase homes for cash with no need for repairs, inspections, or extended waiting times. With the ability to close on your home in a week, we will help you get moving into your next chapter with as little hassle as possible. If a cash offer sounds right for you, leave us your address so we can get a cash offer to you!