When it comes time to begin the process of selling your home, one of the most important things to consider is how to maximize your property’s value to drive a profitable sale.

4 Tips for Maximizing Profits When Selling Your Home

Homeowners that are ready to sell their properties should be working closely alongside a top real estate agent in the market to ensure that the transaction results meet their goals.

Taking certain steps can help sellers attractively position their homes on the market to increase the dollar value offered by interested buyers.

Here are four things that you can do to get top dollar when selling your home.

#1. Consider Home Staging

According to the 2021 Profile of Home Staging conducted by the National Association of REALTORS®, agents representing both buyers and sellers reported that staging the listing increased the dollar value offered by buyers by an average of one to five percent in comparison to similar properties.

Staging your property makes it easier for prospective buyers to view your listing as a potential home. Staging makes homes inviting, warm, and can highlight the property’s best features — creating a scenic moment to spark the imagination of buyers.

For example, your home’s balcony may look over a stunning natural view. Staging a chair, book, and glass of wine would bring that feature to life by creating a scene around the experience.

Use staging to prepare your home for listing photos and videos as well as for creating virtual tours. This will help to create a high-quality online listing to market your home at top dollar.

#2. Price Your Listing Right

When selling your home, pricing your home right when you first create the listing can help improve its market performance. Pricing your home right from the start can overcome potential setbacks that may arise during the escrow process as well as help you find the best buyer for your listing.

Determining the right price for your listing will help it appeal to a realistic pool of buyers that can afford your home when it comes time to close.

Pricing too low or too high can invite issues when the appraisal results come in and officially set your home’s value. If the buyer is financing the purchase with a mortgage loan, the lender may back out of or reassess their decision to issue a mortgage if the appraised value does not match the selling price.

Work with your top selling agent to find the right price for your home based on market data and comparable properties.

#3. Consider Repairs or Renovations

Is your home in need of any repairs or renovations? Taking care of home improvement projects before selling can increase the market value of your listing.

Making any repairs before the transaction will improve your home’s standing during the inspection and appraisal, helping increase the official value of your property. Sellers can also consider upgrading any outdated appliances and replacing them with newer eco-friendly models to boost your home’s value.

Speak with your agent to decide what, if any, repairs need to be done in advance of the sale.

#4. Consider Incorporating Popular Amenities in Your Area

If you’re working with one of the best agents in your market, they should be able to reference local data to tell you which amenities are popular in your area.

It may be that buyers are looking for homes with a pool, deck, or indoor garage. Sellers should take advantage of these desired amenities by incorporating them into their homes.

In some cases, sellers can renovate their homes to include these amenities. Sellers can also change the way that they present their homes when listing to appeal to buyer interests specific to their markets.

For example, if an at-home office is popular with buyers shopping in your neighborhood, you can market one of the extra bedrooms as a home office space. These strategic marketing plans do not require the time and costs of a renovation project.

Speak with your agent to determine if any data-backed marketing strategies can help your home appeal to buyers in your market and increase your home’s value.

Bonus Tip: Partner With the Best Agent

One of the best ways to maximize your home’s value and drive a profitable sale is to work with a trustworthy, experienced, and knowledgable real estate agent in your area. They will be able to create a customized strategy to help you get top dollar when selling your home.

Get connected with the best real estate professionals in your area through RealEstateAgents.com.