Last week we took a look at buying a home and getting the most for your money. Today, we want to look at the other side of the coin and getting the most for your Myrtle Beach home when you are selling your home. When it comes to selling Myrtle Beach real estate, you probably have a lot of questions. What price should you initially ask for your home? Which Myrtle Beach real estate agent should you choose? Where should you advertise your Myrtle Beach property? All of these questions will require some research on your part.
Tips for selling Myrtle Beach Real Estate
Selling a Myrtle Beach real estate property is a lot like anything else you undertake in life – if you have a written goal, you are more likely to attain that goal. Whether you are buying or selling a home, take the time to write down your goals. Write down both a budget and a time frame that works for you.
You will want to talk with more than one Myrtle Beach Real Estate Agent after you have decided to put your home on the market. The commission that is charged should NOT be your only consideration. How knowledgeable is the agent about the current housing market in the Myrtle Beach area? What is their plan for marketing your property? Don’t hire a “yes” person that goes along with everything you want. You need someone that truly understands what it takes to sell a home in a buyer’s market.
Take a good look at your home. Is your kitchen or bathroom in need of an upgrade? Keep in mind that kitchens and bathrooms are the major selling points for buyers. Studies have shown that a bathroom that has been upgraded with modern fixtures such as a whirlpool bath can provide the seller with a 100% return on their investment. As a general rule, you will get 90% of your investment returned for a kitchen improvement. Always check with a Myrtle Beach Real Estate Agent BEFORE you make any improvements to see if they are necessary to sell your home. Here in Myrtle Beach, a waterway home recently sold for exactly what the owner was asking simply because they upgraded the kitchen. While at the same time their neighbors home remains on the market for a much lower price.
A good way to compare your home to others on the market is to attend open houses. Ask your Myrtle Beach Real Estate Agent to keep you informed of announcements they receive from other agencies. There is no comparison like seeing another property similar to yours in person. This will give you a more realistic expectation of what to expect when selling your home. You will also be prepared for any concessions you may need to make in the negotiating process if you choose not to upgrade your home.
Many home owners don’t like this idea, but you need to be prepared to bend over backwards to sell your home. You need to be prepared for your home to be seen anytime of the day or night. Your home needs to be clean and free of clutter at all times. This time of year people are visiting Myrtle Beach on vacation and want to be able to look at homes at all hours of the day. These people are not on a 9-5 schedule. Making your home available is crucial to the sale of your home.
This is a tough tip for many home owners today – you need to price your Myrtle Beach home right from the beginning. The time when your home will get the most attention is when it first hits the market and it needs to be priced right from the beginning. If a potential buyer feels that the price is too high, they will ignore your Myrtle Beach property and move on. Many sellers make the mistake of pricing their home higher than what they will accept thinking that buyers will negotiate on the price and the seller will get what they initially budgeted. This practice may have held true in the past when it was a seller’s market. In today’s world, you need to work closely with your Myrtle Beach Real Estate Agent to price your home right from the beginning.
Along with making upgrades to our home, you may want to consider staging your home for sale. Hiring a professional stager doesn’t need to be expensive. Locally, you will want to contact Designs By Kelly at 843-236-9102. Many times it is the small changes that make a big difference. A stager will help you to de-personalize your home and provide the right look that a prospective buyer is looking for. In today’s real estate market it is the small things that can make a big difference!
Take your time to really do your “home work” before you put your house on the market. Think about your budget and how much can you afford to put into your home to get the price you need. Consult with a Myrtle Beach Real Estate Agent that knows the market and can help you come up with a price that you can live with but that will also attract potential buyers.
Call the team at JP Real Estate Experts – we have been in the local market through the good times and bad and we are here for the long term. We “bend over backwards” to be your Myrtle Beach Real Estate Agent of choice.
JP Real Estate Experts
854 Frontage Road West Myrtle Beach, SC 29577