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real-estate-selling

Is My House Ready To Sell

June 07, 20243 min read
real-estate-selling

Owners can decide to sell a home at any time. However, if you are like most sellers who want to get as much as possible from selling, it can take some work to get your house ready.

Taking the time to prepare can be seen as tedious or even unnecessary, but the steps we discuss below could make the difference between getting less than you want and getting more than you ask for.

Deal With Known Issues and Defects

You probably know about every creaky floorboard or drafty window in your house already, but for the purpose of selling, you may want conduct a title search and get an inspection.

Taking these measures can cost time and money, but they could also reveal issues that can jeopardize a sale. Having this information ahead of time gives you the opportunity to decide what to do. This may entail adjusting the listing price or ensuring that all necessary potential repairs (ex. fixing leaks, repairing broken fixtures, etc.) are completed before selling.

Clean It Up

Having a clean home can help you sell your home faster and for more money. A clean home can be a more appealing property to prospective buyers in person and in online photos. Whether you do the following yourself or hire a service, you can make your home ready for sale by:

real-estate-selling
  • Removing any personal items, excess furniture, and clutter to make the house

    appear more spacious and allow potential buyers to envision themselves living there

  • Deep cleaning the entire house, including carpets, windows, and less obvious areas like the basement and attic

  • Freshen carpets, curtains, and other textiles

  • Eradicate any pest infestations

  • Consider staging your home with tasteful decorations to highlight the homes best features and make it more attractive to buyers

  • Improving the exterior appearance, maintaining the lawn, landscaping, painting the front door, and ensuring the house looks welcoming to buyers

  • Organize cupboards and closets

These tasks can add appeal to your home, making it more inviting and attractive to buyers and potentially fetching a higher price.

Consider Big Project Carefully

Making some changes to your home can potentially increase the sale price. However, you do not want to put more into renovations or repairs than you stand to receive because of them. Although if you wish to get estimates first from contractors for any major projects

you wish to conduct to understand the costs involved and assess whether the investment is worthwhile. For instance replacing your roof could be more financially advantageous, especially if the current roof is old or damaged, rather than converting your garage into a living space.

Additionally attempting to make renovations or repairs yourself can be a costly misstep when you are not experienced in such projects. Lastly, you could wind up losing any money you spend on unnecessary luxury upgrades.

These preparations can have a significant financial impact when you put your house on the market, so completing them ahead of time can be wise. Also, seeking advice from a real estate agent who knows the local market and can recommend which improvements are likely to increase your home’s value.

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Pasquale Filice

Pat is an Ontario lawyer with a boutique practice finely tuned to the sectors of real estate, family law, estate planning and administration, alongside corporate/commercial law. Not just content with a dynamic legal career, his academic backdrop includes degrees in Mathematics, Statistics, and Economics, crowned with a pioneering Masters in Blockchain and Digital Currency. Currently, he's on the exciting path to earning his TEP designation, deepening his expertise in estate planning and administration to new levels. Beyond the legal grind, he's the author of "The Digital Associate - ChatGPT for Lawyers", passionately peeling back the layers of AI and ChatGPT, aiming to unfold their potential to fellow legal eagles. Here, you’ll find a blend of seasoned knowledge and fresh insights, all aimed at simplifying complex concepts without losing their intricacy. Dive in as we explore cutting-edge approaches to delivering legal services, with your engagement lighting the way. Let the exploration begin!

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