There’s no getting around it: 2020 was difficult. While there are still challenges in the year ahead, there’s also reason for optimism. On the real estate front, the last few months have been surprisingly active, and there are no signs of the market slowing down soon. That’s good news if you’re planning to sell your home. Having said that, there are always steps you can take to further your chances of a successful outcome.
As we embark on a new year, here are five resolutions every home seller should consider making…
1) Set the date
Do you know when you’d like to list? Selling a home can take more time and energy than you might expect. There are so many moving parts—and there’s no shortage of coordination involved. From decluttering and cleaning to getting in touch with a lawyer, home inspector, and moving company, you must leave sufficient time for it all. While your agent can help you figure out how long each step will take, you’ll need to take stock of your future commitments to set a realistic date.
2) Sort out your improvements
Are you planning to perform any repairs or do some strategic remodelling work before you list? If so, you’ll want to start by deciding which steps are worth taking. Some upgrades (like replacing worn-out siding or outdated kitchen cabinets) have the potential to add significant value to your property. Others likely won’t impact your bottom line. A qualified local agent can help you understand the effect of any changes you might make—and what they could mean for your pricing strategy.
3) Declutter thoroughly
It’s all too easy to underestimate the time and effort required to declutter a home. From furniture that’s past its expiration date to clothing you’ll never wear again, getting rid of unwanted possessions isn’t easy. It means sorting through your belongings, room by room. It means finding donation centres—and setting pick-up and drop-off appointments if need be. Lastly, it means being willing to say “goodbye” to some items that may have mattered to you in the past. The process will almost certainly take more time than you think, so resolve to start early!
4) Start looking at comparables
For many home sellers, pricing is one of the most confusing aspects of listing a home. Fortunately, taking some time to think it through long before you put your property on the market can help you make an informed decision. A skilled local agent should be more than happy to pull prices for the right comparables several months before you list. That means homes that are very similar to yours in terms of size, location, feature, and more. While the market may shift, it’s always helpful to get a sense of what you can expect!
5) Find the right agent
It may be the most important real estate resolution you make. No matter what you do, put in the effort to find the right agent! Working with a true professional—someone with a great selling track record who knows the local market—could help you achieve your goals. That’s where the interview process comes in. Do your homework online, narrow down your options, and set up a consultation with any agents who seem like they might be a good fit. Bottom line: if you’re planning to sell in 2021, don’t work with just anyone!
Ready to sell your home? We can help in any market. Get in touch to learn how we can assist you while you take your next step!
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