Preparing Your Home for Sale In Frisco Like A Pro
Preparing Your Home for Sale In Frisco Like A Pro
Selling a home, especially in a concentrated market like Frisco isn’t always easy. You will want to make sure that you follow all the right steps to increase the value of your home and get a good deal in this highly competitive market.
Fortunately, there are still a lot of opportunities that you can help you maximize the selling potential of your house in Frisco. Follow these tips if you want to make a better profit.
If you have a regular home like all the other ones in the neighborhood, you’ll likely have to set the price wisely when putting the sign ‘Frisco home for sale” in the ground since all of the identical houses for sale in the market may have almost the same (if not less) of a listing price. One strategy that most of the real estate pros use in these markets is that they analyze the accurate value of their property, and then appropriately list at a lower price on the MLS to make their property stand out. This way, they start getting a lot of buyer interest, even with the current trends where homes in Frisco are staying on the market longer (DOM). These buyers may then out bid each other, and the price automatically increases and reaches the actual price of your property, or even more in some cases. Of course, this must be strategically planned as the market has cooled some in early 2020.
But some sellers consider a risky way of selling their house, but to make some profit, you must take some risks. Your home and how well they are selling in your neighborhood will determine a realistic approach. Of course, a lot of consideration must be given on pricing and how long you are willing to work towards the sale as an owner. The longer the home stays on the market compared to other like homes, the more potential buyers will think it is either overpriced (which can be corrected) or more the issue, that something is wrong with the property.
Marketing to Sell
After finalizing the selling price for your home and preparing some great photos and video to showcase the homes beauty and features, a good real estate marketing strategy is one of the most vital parts of selling. A great Frisco Realtor should remain active and aware of all the market trends when marketing your property to align with current advertising trends. With a proper marketing strategy, you’ll be able to attract more potential buyers, and ideally a great selling price.
The first step after you have created all of the marketing assets is to publish the property listing on to the MLS, so your Frisco property is officially up for sale (Any Realtor can do this) After all, how can anyone buy your home if other Frisco Realtors near you don’t even know it’s available for sale?
You could post ads in the local newspaper, but I prefer to publish digital ads on Google and Facebook, to amplify the homes availability to attract the buyers. A “for sale sign” in your yard is a given and will help you create awareness in the neighborhood and drive-by attention. Open house that are advertised on social media can also help gain attention as most Frisco home buyers are searching online. The goal is to drive as much buyer attention as you can to maximize the chances of getting a quick sale at a predetermined price.
A Well Lite Home
When staging your home and preparing it for the photo shoot, you will want to maximize the light in your home to light up the features and openness for your print and digital advertising. A well lite home will be showcasing the beauty of your Frisco TX house. Of course, clean everything in your home and declutter your personal items properly while make everything shine under the improved lighting. If necessary, paint to make everything look fresh.
Increase the curb appeal of your house by cutting down any big bushes or trees that might hinder the light from coming in through the windows. In short, taking all the steps to brighten your Frisco home will pay off in spades.
Financing Options from Buyers
When you’re selling your home in this market, it is possible that you’ll meet a lot of prospective buyers with a lot of different financing options. In this case, it is important that you consider the pro’s and con’s of all the financing options available. Before rejecting a financing option straight away, you should analyze and understand if there is any risk from the potential buyer. If there are competing offers, a good Frisco Realtor will help you interpret the pro’s/con’s of the entire offer. The goal is to mitigate risk of escrow failing and close the sale.
Over-Upgrading your Home
While some cosmetic upgrades can help you in enhancing the look and feel of your house, over-upgrading can backfire when trying to obtain a return on your investment. You may not receive a lot of ROI from certain upgrade which will be dependent on other comparable properties in your neighborhood. Do not expect to get more than 30-40% credit for that $100,000 pool you built only a couple of years ago. However, if every home for sale around has a pool and you don’t you may pay the price in your bottom line. However, there some upgrades that are supported in resale and will help you beat out the competition when selling.
Some upgrades that won’t cost you a lot of money and will give you a high ROI. For example, a fresh look with a new coat of paint, dry-cleaning the curtains or buy new ones, replacing old and worn-out door handles and painting your kitchen cabinets for a fresh new look. These are the upgrades that can increase the value of your home quickly. Most of the buyers won’t pay for the extra cosmetic features, instead, they are mostly looking for a home that has all the amenities available that doesn’t require them to come in and doing any fix up. Of course, there is some investment consideration if you have a fixer upper vs a home that has years of living in.
Depersonalize to Sell
While many of the home sellers don’t often consider decluttering and depersonalizing step, it can help you a lot in getting a buyer to engage more quickly. When you’re ready to sell your home, make sure that you effectively de-personalize it. There are a lot of things that hold a special place in your heart, but not everyone will like your personal items and will distract from their vision of being able to live there.
Remove any personalized picture from the walls and other items that take away from the unique features of your Frisco property. A great Frisco Realtor will help you prepare and stage your home and remember, this is no longer your home, but a house for sale.
Try to Sell the Kitchen
Various real estate surveys suggest that when buyers inspect homes for sale, the first two things they analyze before buying a home is the kitchen and master bathroom. Let’s talk about the kitchen.
When selling your Frisco house, try to consider if you were only selling the kitchen. Do anything you can to modernize your kitchen as most Frisco buyer will offer a lower price if the kitchen looks dated. This is one of the best places where any investment will support the sale. While you will not always gain 100% of you kitchen upgrade investment back, you will earn more than if you do nothing. Again, a great Frisco Realtor near you will be able to qualify your options and the pro’s and con’s of any decision you make.
Other Related Articles:
To learn more about how The GAMER Real Estate Group can support the sale of your Frisco home please call or email.
NTREIS data last updated July 2, 2020.