Are you thinking about selling your home in New Toronto? Have you been thinking of selling it by yourself instead of hiring a real estate agent? There are several advantages of selling your home yourself, but there are disadvantages as well. To make it easier for you to make a decision find the most important pros and cons below.
The most important PRO for selling your home yourself in New Toronto is MONEY. Selling your home without the help of an agent means more Money in your pocket! By selling it yourself you save the commissions and fees. – We are not talking about pennys, we are talking about THOUSANDS of dollars which you would have to pay an agent. Another advantage is that you are able to decide the times for open houses and showings. It is also completely up to you where and when you want to advertise. Unlike a real estate agent who is selling many houses, you can focus on YOUR house, because you are only selling your own house. It is obvious that you will have more interest in the sale than an agent.
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Selling a home in today's economy is a pretty difficult proposition. There are tons of homes for sale now so to be able to sell a home it must 'pop'! If the home has walls that need repair because of cracks and paint that is flaking or just generally appear dirty or too outdated, the home will not sell very quickly. With so many homes on the market now the buyer will just move to the next home that is more appealing and looks like it has been kept in good condition and updated. Newly painted walls and ceilings will make a dramatic difference in how well the home will sell.
It is generally accepted in the real estate industry that home renovations that will expedite the sale of the house are updating the bathroom, the kitchen and painting the interior. These are just basic ways that any real estate investor uses to make their property sell quickly. Interior painting is a quick and easy way to increase the resale value of the property. Freshly painted rooms will make the home look well cared for and clean which is something that is very appealing to any buyer. If the home shows sign of wear and tear like holes in the walls, cracked surfaces, stains from water leaking this is the kiss of death for the seller. Today's home buyer is very aware of all the little defects and potential problems with properties. Doing a quick fix kind of paint and repair job will not pass the scrutiny of buyers.
The choice of colors is also a big factor in raising the value of the property. Neutral colors are usually used in homes that are up for sale so that the buyer will feel that their own furnishings will fit well into the home without them having to paint before moving in. White use was once the standby but this is not a good color to use. Softer, more neutral and warm colors will make the buyer feel comfortable, relaxed and cozy. Colors that are dark and trendy are not the best idea because these may not relate to the buyers idea of décor and be a deterrent to them.
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Many homeowners each year make the mistake of thinking that any home improvement project is a good one in terms of adding value to their home. Unfortunately, this is simply not true. There are some home improvement projects you can take on which will not improve the value of your home in terms of the money you spend on the project and there are even other home improvement projects which can detract from the value of your home. If you think you may sell your home at some point in the future, it is imperative to make sure you know which home improvement projects to tackle and which ones to avoid.
The first thing to keep in mind when considering any home improvement project is that you do not want to outdo the neighbors. While the old adage of keeping up with the Joneses is certainly true to a degree, you do not want to exceed them. A home that is largely out of the price range of its neighbors is usually going to be more difficult to sell than a home that is in keeping with the rest of the neighborhood.
Two of the biggest mistakes you can make on home improvement projects is spending money on highly individualized projects and technological advancements. Avoid spending money on items such as saunas and steam baths. Such improvements might add to the value of your property but if the buyers viewing your home are not interested in these items you may find it more difficult to sell the property.
There are certainly some areas in which it makes more financial sense to focus your money if you are considering selling your home. Staging is one of them. Studies indicate that homes which have been professionally staged are selling faster and for more money than homes that have not been professionally staged. Luxury homes may even be able to sell for up to 20% more with staging than homes that are not staged.
You should also keep in mind the features that are most popular in homes right now. Kitchens and master bedrooms continue to rank high in importance with most buyers. Buyers are looking for master bedrooms which can serve as sanctuaries and have features such as vaulted ceilings and fireplaces.
The main key is to make sure that regardless of what types of home improvement projects you take on, you do not go too far. There is definitely something to the old cliché 'too much of a good thing' and that is certainly true in the case of home improvement projects.