Off The MRKT

View Original

4 Things to do Before Selling Your New York City Home

Selling your home may sound like a lot of hassle, and this might make you apprehensive about the whole process. You need not be afraid of doing so, however, because with some effort, you can give this activity a good chance of going well. This entails taking advantage of some tips as good preparation is bound to give you an easier time finding a buyer who's willing to offer a good price. Have a look at the four things below that you ought to do before you sell your home in New York City.

1. Ensure there Are no Safety Issues

The first thing to do is to make sure that thseere are no safety issues in and around your home. Even if these don't directly lead to an injury or other situation on your property, most homebuyers won't give your home a chance if it doesn't feel safe to them. No one wants to end up in a personal injury case, even if only 4% to 5% of these make it to trial. At least 95% of them are settled before trial in the United States. However, they still call for time and money, not to mention having to deal with an injury that can impact one's life as they know it.

2. Service Major Appliances

Next, you should service any major appliances in your home that are going to be sold along with the property. Doing this will make the home more functional and therefore more valuable to a potential buyer. This is important for buyers, most of whom don't want to have to spend any more money on a home after they pay for it. Some of these appliances are your water heater and your HVAC unit, which are used a lot in a typical household. For instance, water heating makes up 18% of the energy used in an average property. Take care of such major items and your home might be more attractive to buyers.

3. Find Out the Market Prices

To ensure that you're neither giving your home away nor pricing it out of the market, find out the current prices. This will help you work out a reasonable price for your home. In this way, you can improve your odds of selling your home faster. Keep in mind that almost 31 million people moved in 2019 in the United States as stated by new Census data. This is 9.8% of all Americans moving each year, and you can be sure that a good number of them will be looking for a home that they can buy. Pricing your home right will help you reach more people and you can find a buyer more easily as a result, especially if you follow the other tips in this list.

4. Find a Real Estate Professional

Last but not least, you need to consider working with a real estate agent. While you'll have to pay them for their services, you need to think about the benefits that you'll get from working with them. This is because they have a lot of experience in knowing the best times to sell and some other details. This means that they can save you a lot of time and hassle, also helping you to get a good price in the end. Before you sign up for any real estate professional's services, make sure that they're qualified and experienced enough to help you get the best outcome.

Keep these four things in mind before selling your home and you might improve the process for yourself. You're bound to learn a thing or two as a result. This will make it easy for you to know how to go about selling another home in the future if you choose to do so.