Selling Your House During Coronavirus
Let’s face it. Selling your house can be challenging in regular times. But throw a pandemic in there, and its downright hard AND stressful. BUT it doesn’t have to be.
Selling during these times means you need to prepare your house to stand out from your competition in order to earn top dollar for your home & to sell as quickly as possible.
Stand out from your competition!
It’s always important in any market to have your house stand out from your competition. Your competition would be any other house that is for sale in your general area that are similar in price range and what they offer in terms of square footage, number of bedrooms, amenities etc.
When you’re selling your house when the economy is unpredictable like during a pandemic, you want to come out the gate running. Its like the horse at a race track when the starter gun goes. You want to come out with your best foot forward.
Some parts of the country may have more buyers than houses are available . In another words, supply exceeds demand. That is great news if you’re a buyer, but not so great news if you’re a seller.
In some areas of the country, there may be more demand for houses available than supply as people postpone putting their house up for sale and they don’t want the risk of people coming through their house during covid.
But the economy is not predicable right now as governments grabble with the billions of dollars that they have thrown at this virus through healthcare, bumping up the economy, funding testing and finding a vaccine. Companies have closed their doors and many more are struggling to keep open during this uncertain time.
But through all of this, there will be buyers ready to buy YOUR house. To stand out, you need to prepare your house to earn top dollar AND to sell your house quickly!
Do what it takes to earn top dollar for your home!
When you’ve made that decision to sell your house, your house no longer becomes the home where you’ve raised your kids, or started out as a new young couple or was that first home which you were so proud of being able to buy. Your house becomes a business! You need to do everything that you can to make the house sell for as much as possible and as fast as possible. Is it inconvenient to live in a house while you’re getting it ready to sell and have the property listed? Heck YES!
But the question is, are you willing and able to live with some inconvenience for a couple of months to get top dollar for your home?
On one staging consult, I was going through the home taking the lead from the clients. The first room we started with was the living room of course. Their concern was the layout of and if the couches were too big for the size of the room which they were. We discussed several options and came up with a solution that they were happy with. The next was a spare bedroom that had a mattress on the floor. We discussed several options of making the room look great which they agreed to. We went into their bathroom and they said they would declutter but there wasn’t much to be done there. I opened up the shower curtain and found MOLD all around the bathtub.
We went into the kitchen and I looked up and noticed the ceiling had had water damage.
It’s important to have your house looking pretty and nicely staged, but if there are some outstanding necessary repairs to get the house in good condition, you need to do them so that buyers won’t pass on your house, or worse, come with a low ball offer. Some repairs may be so extensive that you may need to have a conversation with your realtor about selling the house in “as is” condition. Fortunately most repairs do not fall into that category and are relatively easy to fix before the house is put on the market.
Also there are many inexpensive renovations that you can to do your home to make your house stand out from the rest. Painting is a relatively inexpensive renovation that you can do to your home that adds so much value. Other updates like replacing builder lights, updating light switches, wall plates and builder brass door knobs all add value to your home.
For more expensive renovations, like renovating a kitchen, a bathroom makeover, or a basement renovation, all home renovation projects are not created equal. When renovating your home, it pays to consider which projects will bring you the best return when it’s time to sell your house. What we think may appeal to a potential buyer, may in fact have been a “wasted” renovation. Keep an eye on the renovation projects and $$$ that consistently provide home owners with a positive return on their investment. After all, for most of us, our house is our biggest investment that we have.
Prepare your house to sell it quickly!
It’s a well known fact that staging a house makes a house sell faster and for more money than houses that are not staged.
I’m Debi Collinson, a Designer. Stager. Real Estate Investor. In 2006, at the request of a realtor, I staged my first home. The sellers liked their newly redesigned home so much that they turned down an offer for full asking price. I never looked back. Since then, I have been helping clients make their homes look like they came out of a magazine. I have helped clients earn money for their home beyond their expectations.
As a real estate investor, I buy “fixer uppers” and either flip them for a healthy profit, or turn them into profitable rental properties. I’m currently living in my 8th “fixer upper.” Come join me as I share my tips & secrets along the way.