The 5 P’s for Selling Your Home in the Spring Real Estate Market - Infographic

By: Jason and Andre Ferris

The 5 P’s for Selling Your Home in the Spring Real Estate Market - Infographic

Tags: tips to sell your home

As most of you already know, the spring real estate market tends to be the busiest of the year. This is the time of the year where you start to see the snow melt, flowers bloom and more For Sale signs on front lawns.  With a jump in the amount of homes for sale, it may be harder for your home to get noticed or even get the number of showings you will need in order to get top dollar for your home.  If you are thinking about selling we strongly encourage you to consider these 5 P’s before you list your house this spring.
5 P's for selling your houe in a spring real estate market.

1.  Plan

It sounds so simple but as Real Estate Agents, we often see this as one of the most overlooked considerations.  When you plan to sell your home you may want to ask yourself the following questions:

2.  Preview Realtors.

Maybe you know a Realtor® or maybe you have a friend who has a friend that knows a Realtor®.   We believe that buying or selling real estate could be the most important decision of your life so before you trust your friend’s agent, we feel it is important for you do your homework when hiring a Realtor®.   Are they going to represent your best interests?  Do you feel comfortable with this person who has the responsibility of your family’s home in their hands?   See  tips on Choosing the Right Agent

3. Price

Everyone wants to get the most money possible when they sell their home but overpricing it can end up costing you in the long run.  If you head into the spring market and your home is not priced properly, you could find your home still on the market 60 days later.  Also, you may notice that you are getting a lot of showings but no offers.  That’s because agents are using your home to sell the other house down the street.  They are showing their clients a house that is overpriced to sell the house that is priced properly.  Sure you can always reduce the price of your home if it doesn’t sell, but that too can have a negative impact on the final selling price.  Buyers might wonder why this house had a price change and automatically think there is something wrong with the house.  So when you meet with your real estate agent be sure to ask them for the most current market data so that you can make an informed decision when pricing your home for sale.  For more on pricing your home check out The Price is Right: Tips For Determining the Asking Price.

4. Pre-List Home Inspection

One of the biggest reasons an agreement to buy a home falls through is because of a home inspection.  Sometimes a potential buyer can get cold feet during a home inspection for no reason; they may get scared over the smallest imperfection.  To help avoid this from happening, and maybe to even encourage buyers to submit a firm offer with no conditions, do a pre-list home inspection.  Having a professional home inspector come in to your home a do a complete inspection with a full report could help in many ways.  One is that you will see some of the deficiencies in your home and correct them before you go to market.  Another is having that report on the table ready for potential buyers.   Allowing them to read though your pre-list home inspection may set their minds at ease and be prepared to offer you a firm deal for your home.

5. Prepare Your Home for Showing

Preparing your home for sale may be more than just spring cleaning.  Pardon the pun.  Staging is not just a buzz word, it will help you sell your home for top dollar in the end.  Here are just a few things to consider when you prepare your home for showing: