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Tactics to Make The Most Out Of Your Real Estate Sale
These strategies are for selling real estate and helping you get started on learning more and earning more from your investments.
When showing your home to potential buyers, be sure to de-clutter prior to inviting them into what could be their new home. The key is depersonalizing your space. You want the buyers to picture themselves living in this house. Pack away the little things that you do not feel reflect a welcoming space for them. You want to make your home look open with a lot of space for them to move their things in.
When purchasing a home, if resale value is important to you, don't buy the largest property in the neighborhood. When market value is determined, the values of the homes around yours are considered first. If those houses are significantly smaller, they can depreciate your home value. Buy the house that blends into the neighborhood. When you are in the market for a larger house, move into a neighborhood where the property sizes are bigger.
Look to your neighbors when considering what upgrades to make in your home prior to sale. If your neighbors all have stainless steel appliances, then buyers will expect that same amenity in your home. If you put in an upgrade that none of the homes in your area have, don't expect to get that money back.
When trying to decide whether you should lower your price or renovate your property, keep in mind that the buyers are out to get the lowest price possible. So even if your property is priced to adjust for renovations the future buyer will have to make, the potential buyer will still try to negotiate that into the price. By keeping this in mind, it will help you through the negotiation process.
When it comes to selling real estate, knowledge is key. You have to research the right moves and markets in order to make a profit.
About Michele Sliwa: Music City’s Business Woman’s Realtor, Michele Sliwa combines success in the fashion & event planning with her experiences as a property manager to guide anyone through the perplexing maze of home building, selling, and buying. While working closely with builders and designers as her house was being built, it became apparent that Michele had an innate ability to understand complex processes and make smart decisions with ease; her builders and designers strongly suggested she become a realtor. Since then, Michele has perfected the art of real estate interpretation and communication and her clients value her ability to manage and clearly explain all of the moving pieces of the buying, selling, and remodeling process. Michele successfully completed the Masters Business Agent program and is a New Home Specialist. Michele has the uncanny ability to spot trends in the market before many others do; this unique talent gives her and her clients a distinct edge. She is a self-professed foodie and amateur chef. Michele is passionate about art and music and volunteers for the Nashville Symphony and Nolensville Elementary School.