In a sellers market, it's pretty easy to sell your house, the real question is how much you can get for it!
What you want is for all of the potential buyers viewing your house to be walking in and saying "WOW! I have to have this place". When a buyer walks through your house and they see a bunch of items that need to be updated or repaired, you can bet they're going to allocate some of their total house budget towards fixing those issues.
Here's my process:
First off, every situation is different, which is why you want to start with an analysis. You'll want to do a comparative market analysis of the houses that recently sold in your area and prepare a report of your own home. Put together a gam plan of what should be done along with ideas that could be done. Compare those changes with your market analysis to see if the costs in those improvements would be worth it..
Your home report should also include a list of everything that could disappear for the next month. Stagers can help immensely with this portion. They can go through the house to give suggestions on what should go, stay, or be replaced. Don't think it's worth it hiring a stager? A detailed analysis will probably show you otherwise.
So what type of updates are best. In most cases, decluttering, a fresh coat of paint, cleaning, and staging is the quickest way to increase your potential selling price.
It's more than likely not worth it to do a full scale kitchen reno, but every situation is different. If a kitchen or washroom is really beat up, how much would it cost to redecorate and how much more might you get based on you market analysis. What about if it's just a little dated? Could you do a small "lipstick" reno? It's possible to take a week, put in $5,000 in ready and increase your potential market price by $50,000 or more. Especially in a sellers market, but this can hold true in a buyers market by making your house look the best in the area.
There's many different things you can do to increase your value and sell quickly. If you'd like a free consultation, I'd be happy to talk!
Brian Guy
REALTOR®
Right at Home Realty Inc., Brokerage
242 King St E, Ste 1
Oshawa, Ont.
L1H 1C7
