Any home seller wants to get the most they possibly can for the property they have devoted so much time and effort to over the years. To ensure you have the best odds of making that desire into a reality, here are 5 tips to maximize profits when selling your house in Greater Cincinnati Area. We all know that the process of selling a house is a big decision, and there are so many emotions involved, not to mention all of the work it takes to get your house ready to sell! This is most challenging for people who are going through a divorce or even dealing w/ foreclosure. Whatever your reason may be, you would want to make that sale as soon as possible and get the most of the profit! Read further to learn more about how to maximize profits when selling your house!
Find Your Perfect Agent
It’s common to see a home seller get a recommendation for an agent from friends or family and immediately turn to that single agent to move forward with selling their property.
While recommendations are great, it’s better to test the waters and meet with at least three agents from three separate agencies to go through the details of your home. This also provides you with an opportunity to get a feeling for which agent is the most experienced and qualified, has your interests in mind, and is willing to negotiate their commission.
Too often, home buyers and sellers don’t bring up negotiating commission, and they end up leaving money on the table.
(My shameless plug) I’m Eric. I grew up in Northern Kentucky (Florence) and am proud to call it my home. I love serving people and my community! If you need help selling your house, give me a call. When you call, we listen. We want to find out what is causing you stress, how fast you need to sell, and how we can help you. We will ask you some basic questions about your property. And then, we will listen. Real estate can be stressful, but we aim to put your mind at ease. Let us worry about the details. If you want to chat real estate or even just connect for a quick coffee, reach out to me anytime! I will guide you on how to maximize profits when selling your house!
Price for Your Local Market
With a stellar real estate professional on your side, your agent can immediately put their expertise and local market knowledge to work by evaluating and pricing your home competitively.
This is done by comparing the closing prices on similar homes in your neighborhood that have sold over the last few years. The ultimate result of their research hopefully is a price that will get you the most money while also being attractive enough to potential buyers that they will come calling.
It’s important to take what your agent has to say regarding pricing to heart. There’s always the chance that you feel their suggested asking price feels low, and this is likely done to draw in the buyers to seize on the opportunity of multiple competing bids.
In this current market with demand so high and supply so low, Cincinnati is seeing faster appreciation than it has in decades. So, you may be seeing prices that are eye popping. But most of the times, homes are still appraising for value when a seller can show an appraiser multiple above ask price offers.
Update Based on ROI
Sellers should be sure to do the requisite deep cleaning and decluttering to prepare their home for showings, but there are some small repairs and updates that can be completed for little cost.
The key ingredient when it comes to performing any updates in your home is return on investment, or ROI.
Owners have a tendency to leap at large-scale kitchen and bathroom renovations. While these projects do typically recoup the majority of their cost when selling your house in Greater Cincinnati Area, we are looking for jobs that can be done in a matter of hours and with little to no monetary expense.
Examples include power washing the exterior, gutters, and driveway; changing out kitchen and bathroom cabinet pulls; and repainting minor dings and scratches in walls or decks.
Get the Word Out
Once you have an excellent listing available to the general public, don’t leave everything up to your agent.
Share your listing on widely used social media platforms along with some basic information on your property. As another step, ask friends and family to please share the post with their friends to help generate further interest in your for sale home.
A large part of moving the home sales process along is making sure anyone who could be interested in your home sees that it’s on the market and in great shape.
Pick Apart Your Offers
After you start seeing offers come in, don’t jump on the first one that lands in your lap.
Be careful to go through all of the details of any offers, including the amount of earnest money offered, contingencies, and the timeline for closing the deal. When we work with clients, we break this all down into a spreadsheet, so that it is easy to get an overall sense of each offer.
Finally, be careful not to accept an offer that is unrealistically high. If the buyer is being financed through a private mortgage lender or bank, the lender will require an appraisal. If the appraisal comes back showing the value of your property is substantially lower than the offer price, the buyer’s lender is likely to deny the financing, and the entire deal will fall through.
When you work with us, you work with the best!
Team Sztanyo is proud to be a Cincinnati real estate agent with our real estate broker being Keller Williams, who is the #1 real estate company in the nation.
Ever heard of a little site called Zillow? Keller Williams is the ONLY real estate brokerage in the country to work out a deal with Zillow where other agents who pay to be the “premier agent” get ad space on the listing. When you work with Keller Williams, potential buyers will ONLY be calling your Keller Williams agent, not some agent who doesn’t know anything about your house.
If you want to get your Cincinnati house sold quickly, work with the #1 real estate company in the country!
If you think this is the time to explore selling your house in Greater Cincinnati Area and you want a professional partner, contact us today at (513) 813-6293!