Note: We posted a similar article previously, but thought we’d post a refresher to get ready for the Spring .
The real estate market is all about cycles and trends and as the spring selling season gets underway there are a number of things to consider if you are going to embark on one of the increasingly popular trends: selling your home on your own.
Neutral decor and decluttering are two tips to selling your own home successfully.
Indeed, the for-sale-by-owner trend (FSBO) is the new “it” concept when it comes to the real estate market, according to research commissioned by Kijiji Canada. The study revealed that 61 per cent of Canadians would consider selling their home on their own if it was easy and more affordable than using a real estate agent.
While the FSBO trend is growing, many homeowners are skipping an important step: staging and prepping their home for sale. Figuring out how to get your home ready for sale can often be a daunting task but it doesn’t have to be, according to staging specialist Janette Ewen. “Homeowners don’t need to invest a lot of money or time when staging their home for sale. In fact, the first and most important step is de-cluttering and de-personalizing the space to help potential buyers envision it as their own.”
Ewen suggests homeowners consider the following tips:
De-clutter your domicile: The buyer who falls in love with your home will be able to envision their stuff in your space. Removing unnecessary items – especially furniture – and de-personalizing the space is important. This is also a good time to get rid of unwanted items before you move. Take stock of what you actually use, and get rid of what you don’t need. You can make some money to offset moving costs by selling unwanted items online. Once you’ve de-cluttered, be sure to give your entire home a thorough cleaning.
Fix it: If a potential buyer notices a broken drawer or leaky faucet, you can lose the sale. It’s worth a little investment to correct minor problems so you can seal a huge deal. It’s worth the small investment to correct minor problems to help seal the huge deal.
Keep décor neutral: This allows prospective buyers to envision your home with their preferred colours, artwork, and furniture.
Invite prospects in with flair: Think of an open house like a big reveal. Let the light into your home, decorate with fresh cut flowers, and ensure that pets and small children have someone to look after them.
Pay attention to curb appeal: This is how you make your first impression. Closely consider your home’s exterior and make sure bushes are pruned, grass is trimmed, and paint isn’t peeling.
Consider a professional inspection: Investing in a professional inspection is the best way to find and fix deficiencies before a potential buyer discovers them and walks away forever.
If you’re thinking about selling your home this spring, take a look at online resources like Kijiji.ca. On sites like this you get an idea of what your home is worth, find items to help with staging, and you can get rid of any furniture you’re not planning to keep.
What strategies have you used to successfully sell your home yourself? Share your stories in the comments below!