When the buyers market is hot, there are so many homes to choose from. Buyers feel they are in the power seat while sellers are working hard to make their home stand out as the most desirable. After all, the longer a home sits on the market, the staler the listing gets making it less desirable. Here is how to separate your house from the competition in Rome.
Set the Right Price
Setting the right price is crucial when selling your home in Rome. Pricing your property correctly can make a significant difference in attracting potential buyers. It’s important to find a balance – setting the price too high may deter some buyers, while setting it too low could limit your profit potential. Ideally, pricing slightly below market value can attract more interest and potentially lead to multiple competitive offers, driving the final sale price up. Consult with Homes By Cameron in Rome for expert advice on pricing your home for optimal results. Contact us at (315) 351-2765 to learn more.
No price is more important than the introductory price you list your home at. Even after dropping the price in the future, local home buyers may be turned off by the fact that you listed exceptionally high, omitting them forever as potential buyers of your home. Don’t turn away the local buyers by starting too high on price.
Professional Photos
Your real estate agent should want professional photos. If he doesn’t take exceptional photos himself, he understands that this is a critical marketing component that gets people in the door to see the property. Photos should be well lit and capture the home in the best possible angles. Great photos make rooms look bigger and highlight the key selling points of your home. Just because you have three bedrooms doesn’t mean you need to show the third bedroom if it is tiny and painted an off color.
Get a Stager
Staging is another critical component of marketing. Great staging gives buyers a palette to view their own lives in the home. It minimizes furniture but still sets a purpose for each room. A home office might have one desk in it for staging purposes where a functional home office would have files and bookshelves along with the desk. Staging starts with removing the clutter and making sure the furniture fits the space. Take the time to stage the house.
Offer Buyers Agent Compensation
With the new regulations regarding the National Association of Realtors settlement in August of 2024, a lot of sellers think that they are in a position to sell their houses now without paying a Realtor. This is technically correct. You can also represent yourself as your own attorney when the IRS sues you. You can also serve as your own physician if you’d like. No one will stop you. However, you know better than that.
Buyers use agents to purchase real estate. If you are unwilling to offer those agents compensation for helping the buyer purchase your home, you may have a lot less buyers interested in your home! The math is in folks, for sale by owners sell for more than 6% less than if they were to enlist a real estate professional. This means you could have used a Realtor in Rome NY, had red carpet service, and still made more money!
Make Critical Updates
Your real estate agent is your partner on reviewing the home and recommending which updates will make a difference in selling your home. Homeowners willing to put a little elbow grease into a project can do many updates. This might include painting walls or changing out hardware and fixtures in kitchens and bathrooms. There may be a more serious item on the list that should be fixed before listing. Perhaps the furnace isn’t working or the pool pump has died. These are critical components that buyers will not want to fix as soon as they close escrow. Spend the money to get the house ready to sell.