As local cash homebuyers in Knoxville, we understand that selling a property in Knoxville is one of the most significant financial transactions for many people. Since we help property owners sell their homes fast in Knoxville, we are often asked what you should do before you sell. We’ve learned several things over the years that there are a few things you should do before putting your property on the market if you are wanting to get top value!
Getting things done might be difficult when you don’t have the correct people on board to guide you through the process. In addition to the costs, lenders’ red tape and delays must be taken into account. Here are some of our tips for Knoxville, TN, and the surrounding area homeowners who are ready to put their homes on the market.
What To Do Before Selling Your House
Declutter Your House Before You List It
Remove family photographs and other mementos off the walls if you have a lot of them up. In addition, hide your children’s sports medals and macaroni art hung up on the fridge. Potential buyers need to be able envision themselves living in the house they’re interested in purchasing. Because of this, it’s difficult for the buyer to visualize their own items hanging up if you fill it with family photos and mementos. Although these items are extremely important to you, it risks you not getting top dollar for your home. Clutter is #1 on the list for things home buyers will hate about your house. Plus, why not get a jump start on packing!
Get To Know The State Of The Current Real Estate Market
It’s critical that you’re familiar with the current state of the Knoxville real estate market before you list your home for sale. Invest some time in learning about current trends and the newest products on the market. Make an assessment of the current and historical value of your home. You’ll be able to get a fair deal on your house if you know exactly how much it’s worth. Those that are successful in real estate investing spend time and effort getting to know the current inventory of houses for sale as well as what’s happening in the local market.
Check Out Home Values In Your Neighborhood
If you’re trying to figure out how much money your house is worth on the market, it’s a good idea to look at comparable sales in the area. Knowing this might help alleviate some of the stress that comes with trying to sell your home.
It is important to remember that many individuals are looking for homes, but they are armed with information from websites like Zillow (which tends to value houses lower than what a buyer will actually pay for them). According to studies, more than 90% of homebuyers begin their search for a new house online… ensure that your request does not exceed the amount of information available online (or have a great reason to back up your higher price to potential buyers). Price reductions are more difficult to achieve when a property has been overvalued in the first place because of the increased time it will spend on the MLS. Eventually, it will be buried so far down in the search results that customers in the Knoxville, TN area will forget about it.
If you’re seeking an appropriate value for your Knoxville TN, we can assist you. We buy homes in your area, and we’d be happy to provide you with an opinion of what we would pay in cash for your house. Keep in mind we are not appraisers, though! But since we never present lowball offers to homeowners, it could give you a dependable gauge of your home’s value.
Spruce Up Your House If It Needs It!
According to research, over 70% of prospective buyers will visit a house within three to six months of it going on the market. It is possible that you may need to improve the appearance of your property to potential buyers if you are not receiving the attention it deserves. In a perfect world, your front yard and bushes would be well-kept and clipped. If you want to go the additional mile, you can buy brand new flowers to replace the ones you already have.
If your home appears to have been battered and damaged, consider making repairs or repainting it. In fact, it’s a lot more critical than you may imagine! If you have a lot of nice furniture, consider including part of it in the sale so that buyers envision more value in the home.
You may need to paint the walls or replace the flooring, update hardware or replace old fixtures, switch out appliances or fix anything else that needs to be done to the property before you can move out. Keep in mind to use quality materials and do quality work. For example, if you are considering adding tile to your home, make sure you know the difference between floor tile and wall tile.
Additionally, you’ll need to keep the house in pristine condition for showings. If you decide to work with an agent, be careful to factor in all of the charges up front before signing a listing agreement.
The problem with most new home buyers is that they have a hard time seeing past the unattractive elements of a property. The yard may be redone, or they can repaint it once they purchase it. However, the impact of a first impression cannot be overstated, and some buyers are unable to get over the first unappealing appearance. You always want to make a fantastic first impression when selling your home!
Quick Tip: A house that has been neglected for a long time may take a long time to sell to traditional buyers
Consider A Home Inspection
Consider getting a home inspection done and reviewing the essential reports well in advance. Do this long before buyers start showing up to prevent being shocked with some property concerns that must be resolved before the sale is finalized. Ensure that all issues have been addressed that you are willing to do repair and let buyers know upfront the items you will not be doing. This aligns expectations upfront and prevents wasted time and resources.
Understand All Of Your Options To Sell Your House
In Tennessee, there is no one-size-fits-all approach to selling your home.
It’s critical that you weigh the costs and advantages of several marketing strategies before settling on one. When it comes to properties that don’t require a lot of maintenance and don’t have to be sold immediately, listing them is an excellent option.
Repairs, cleaning, marketing, and other listing fees may add time and price to a listing process that may take months or even years. Direct sales are generally the best option for properties that require renovation, that are saddled with liens or tax difficulties, or that must be sold within a particular period of time.
Think twice before making the assumption that an agent is necessary for selling your home. Selling your home to an investor might be the most profitable method of selling in particular situations. Think about all the time you’ll be able to save in the future!
Understand The Costs To Sell Your House Upfront
If you decide to list, you need to know how much it will cost you to do so. Cleaning, updating, or repairing a home may cost a lot of money. As previously stated, preparing a home for the Multiple Listing Service (MLS) can become very time consuming. Costs like advertising and marketing and your own time must also be taken into account as well.
Do you know the total fees to sell your home?
Commissions, agent fees, administrative charges, and closing costs are all things to keep in mind when working with a real estate agent. This can easily cut into thousands of dollars off of your closing.
Sell Your House Fast With No Repairs!
We buy houses in Knoxville, TN, and we pay cash for them, regardless of their condition. We will never ask you to complete lengthy and expensive home repairs. In fact, we won’t even ask you to clean! If the thought of prepping your home to sale creates a high level of stress, consider the easy and give us a call. We buy pretty, ugly, new, old, and everything in-between. Don’t hesitate to get in touch with our Knoxville real estate experts if you have any concerns about selling your home! If you want to get rid of your house in Tennessee quickly, we’ll make it easy for you!
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