Since the fall of housing prices over the last few years, many home owners seem determined to get at least their purchase price out of their home for sale, while many others are looking to recoup the amount of money that they’ve paid into their homes. While this seems like a reasonable strategy, when you consider that the fall in housing prices has greatly reduced the amount of money that many of these homes are worth now, it is easy to see how listing your home at possibly a hugely inflated price is most certainly going to hurt your chance of a sale.

There are many problems with pricing your home with unrealistic expectations, as you can well imagine. Firstly, if you price your home like you’re trying to sell it to home buyers who’ve taken a time machine trip from 2005, you’re likely to not get many people coming to look at your home. Anyone who is looking for homes in the price range that you’ve set for your home is probably going to be looking at substantially nicer or larger homes than yours because your home should be priced in a lower bracket. If you do get any prospective buyers coming through to tour your home, you are likely to not get many offers—at least not in the range that you’re looking for. (more…)

Staging your home, so that its’ appeal to potential buyers is increased, is largely a matter of removing your own influence from the property, making it appear more spacious and ensuring that everything is in good condition. All parts of the home, inside and out, should be considered. The intention is to help buyers imagine themselves living in the house.

A great deal of this can be accomplished just by tidying up the clutter and mess that seems to accumulate in every home. As you will be moving anyway, you can get a head start on the packing by putting everything you won’t need immediately away into boxes. These can be stored in an attic or garage, at a friend’s house, or in a rented storage facility. This will take away the personal touches that make it feel like home to you, but which can be distracting for buyers, particularly if they do not share your tastes. It will also make the house look bigger, particularly if you clear out and tidy your closets and other storage areas, to make them appear more spacious. Keep surfaces as empty as possible, for example by putting any appliances in the kitchen away into the cupboards. An emptier room will look bigger. (more…)

When your home is on the market, it is not unusual to consider making some upgrades to snag a better price as well as sell your home faster. Contrary to popular opinion; however, not every home upgrade is worth making, at least in terms of recouping the money when your home actually sells. There is no doubt that some improvements can be a smart move, but it’s also important to make sure you don’t go too far because spending too much money on remodeling usually limits your opportunity to get that money back, particularly if you happen to be trying to sell in a buyer’s market.

Which upgrades are worth making and which ones should you steer clear of? When it comes to the upgrades that you will get the most out of terms of recouping your investment, the kitchen and the bathroom are your two best bets. There are a few upgrades that definitely are not worth your money or your time. (more…)