Knowing the value of your home should be one of the first steps in preparing your home for market. This doesn’t mean approximating or going off the value of surrounding homes, however. You need a very accurate picture of what your home will sell for and how much it’s actually worth. It’s important that you’re confident about the value so that once it comes time to negotiate with buyers, you’ll know the lowest you can go. Conversely, if a buyer makes a great offer, you won’t end up turning it down.
Here at Jin Livings, we make the home valuation process simple. Just visit our valuation page and fill out the form.
Understand Local Real Estate Market
The state of the local real estate market will be an important thing to take into consideration through the whole home selling process. The state of the local market will help you determine when you should be listing your home and how much you can expect to get out of it. For example, if your local real estate market is currently a ‘buyer’s market,’ supply exceeds demand and you’ll have more competition from other sellers. On the other hand, if your local real estate market is currently a ‘seller’s marker,’ demand exceeds supply and you’ll have a much easier time selling your home. You may even be able to get more money out of your home.