Let’s look at 5 ways to maximize your profits when selling your Georgia house in 2021 to get to the bottom of how to get top dollar for your home. Many homeowners feel that the only way to get the most money for their house is to take the highest bid and pass on.
Hire an Agent
The first step in buying or selling any property should always be to employ a skilled and experienced real estate professional.
We suggest meeting with at least three agents to go over all of the specifics of your Atlanta home and to get a good idea of how they will work with you. Now is the time to ask any questions you might have, and keep in mind that you’re trying to recruit the agent, not the agent looking to hire you.
Not all agents are created equal, and choosing one that will prioritize your needs while doing everything possible to fit you with the ideal buyer is crucial.
Few things can destroy a home’s saleability faster than putting it on the market with an unrealistic listing price.
And if the price of the same home is reduced significantly over the course of months on the market, prospective buyers will be perplexed as to why the price has continued to decline so dramatically. Do your homework for local community comparables, or neighborhood comps, to prevent these pitfalls. This can be done by looking at the final selling prices of comparable homes in your region that have sold in the last few years.
This will give you a clear understanding of what buyers and sellers in your area demand from home prices.
Handle Basic Repairs
Most home sellers understand that thorough cleaning is an important part of having their Atlanta home ready for sale, but completing some of the less expensive, simpler repairs will help you significantly increase your income.
There may be strict accessibility and condition criteria depending on the type of loan your buyer requires to fund the purchase of the house. If you’ve been putting off fixing a damaged light fixture or adding a missing stairway banister, now is the time to get them finished.
These activities are likely to prevent future contingencies by negotiation, in addition to meeting certain loan requirements.
Upgrade for ROI
Some people claim that the easiest way to get the most money when selling a Atlanta home is to update it, make it beautiful, and then wait for the offers to come in.
The problem with this idea is that you’re investing time and resources to make those improvements a reality, and you’re unlikely to recoup those costs after it’s all said and done. If you feel you need to make some changes, start with small changes that will add up to a new look in the long run.
Replacing old cabinet pulls, painting the front door, and installing some affordable solar-powered landscape lights are all examples of fast and simple upgrades.
Consider All Facets of an Offer
As previously mentioned, taking the highest bid does not mean that you are choosing the best offer.
Contingencies play an important role in deciding which offer is right for you and should be considered. They may contain a variety of information, such as maintenance requests, closing timelines, offers or requests to pay for certain checks or facilities, and offers or requests to pay for closing costs.
As you may have guessed, these information will easily add up, causing a bid with a higher buyer price to total significantly less until the contingencies are factored in.