5 Ways to Save When Selling Your Home

Nov 03

5 Ways to Save When Selling Your Home

When it comes to selling your home, it pays to get the process right. Property transactions are incredibly costly, for sellers as much as for buyers, and you’ll want to make as great a profit as possible.

The best way to do this is to encourage a quick sale, but there are lots of other tips and tricks to try. To help you out, we’ve outlined five of the best of them below… 

#1: Price Your Home Realistically 

A lot of sellers believe that the premier way to boost the price of their property is to ask for more than they actually want. The theory behind this is that it will leave you some room to negotiate, ensuring that your buyers think they’ve got the best deal possible, whilst you secure the price you desire. Unfortunately, this theory is entirely erroneous. Buyers tend to have a fairly accurate idea of what they can buy for their budget, and if your home seems overpriced, they won’t bother to view it at all, resulting in a long, drawn-out sale. To save yourself some money in the future, price your property accordingly and encourage buyers to get down to business.  

#2: Use an Online Estate Agent 

Another way to conserve your funds is by choosing your estate agent wisely. Online entities are becomingly increasingly popular, and they can offer a fantastic service at a fraction of the price of their high street counterparts. If you’re looking for a reliable deal broker who won’t break the bank, then companies like House Network are the answer to your prayers.

 #3: Take Advantage of Social Media 

Choosing an online estate agent has a second benefit for your bank balance: you can help to encourage a speedy sale. Social media can be a fantastic selling tool, and online advertisements are easy to share on relevant Facebook groups and internet forums. What’s more, if you score your own sale, you’ll pay far less in fees to the firm that you chose to list your property with. 

#4: Take Care of Minor Repairs 

Our next tip sounds a little counterproductive; after all, carrying out repairs will inevitably cost you money. However, it’s all about looking to the future. When it comes to buying, potential purchasers will find any reason they can to barter down the price, and even minor repairs are a valuable source of ammunition for their argument. The best way to nullify this is by taking care of the issues off your own back, and doing so as economically as you can. 

#5: Don’t Revamp, Repaint 

Our final tip is very simple: don’t revamp, repaint. A lot of sellers will have read articles or guidance advising them to update their home. The reason for this is that attractive properties are more likely to find a purchaser. Although this is entirely true, a lot of people take it too far. Your aim is to make as much money as you can from your sale, and the more you spend on renovating your property, the lower your profit margin will be. The best way to approach the problem is by repainting. A fresh coat of magnolia will do wonders for a slightly dilapidated or neglected property, and it won’t cost you a fortune to purchase or apply.

Save yourself some money and score a sale today with these five top tips.