Planning on selling your property anytime soon? Well, you’re in luck: the US real estate market currently favors sellers. With a high demand for properties and plenty of buyers in states like Kentucky, selling your Lexington real estate property in this market can get you good offers.
However, this isn’t a hundred-percent guarantee that your house will be sold. While there are many in search of property, buyers tend to lean towards homes with certain features in homes. Here’s a helpful checklist to see if your Lexington property is ready for the real estate market.
Your Property Has Necessary Repairs & Renovations Made
A huge chunk of buyers on the real estate market consists of private individuals looking to move into a home of their own. While the market is saturated with buyers, one of the reasons houses aren’t guaranteed to be flocked with buyers is because these types of buyers have high demands in the house they’re looking for; specifically, a house that requires little to no repairs and renovations.
Think of it this way: you wouldn’t pay full price for a product you’d have to spend extra money and effort to fix yourself, right? The same applies to real estate property. Unless you perform the repairs and renovations before listing your property on the market, expect less buyers willing to buy your property unless you’re willing to negotiate on a lower price.
You Have A Real Estate Agent To Advertise Your Home
There are many processes that come with selling your property: conducting the repairs and renovations, staging the property, advertising in the right listing websites, networking with other real estate agents and buyers, open houses, and then the multiple legal processes and paperwork that goes into closing a deal.
While having a real estate agent isn’t a requirement to sell a home, hiring one can take a huge weight off your shoulders as they will do most of the work. There are still some processes where you need to be involved, but your agent understands the process and can speed up the selling process and make it much easier for you. However, this can come at a cost: around 4 to 6 percent of your home’s selling price.
Your Home Is Staged To Entice Potential Buyers
Listing your property means allowing potential buyers to look through the house. Showing a bare house with no furniture may be acceptable if the property is unoccupied, but if you are currently living in the property you’re trying to sell or want to entice buyers to imagine what the house will look like when they move in, you may have to stage your property.
You can hire professional stagers to arrange your own or rented furniture, or you can opt to do it yourself. A few tips to make your home ready for the market include:
- Remove family photos and other family memorabilia. Potential buyers may find it harder imagining living in your property if it feels like another family is already living there.
- Don’t limit yourself to staging the inside of the home. Landscaping and repainting an old home can give your buyers a better first impression when they see the home.
- Use modern styles when staging. Using visibly dated furniture and creating a cluttered home can leave a bad impression.
Your Home’s Selling Price Is Just Right
Consider several factors when setting a price for your property. Criteria like:
- How much properties are worth in your area
- How much a professional appraiser will determine your property is worth
- The state of your home
- Your home’s actual market value
Over the years, buyers have become smarter and practice researching the average price of properties in certain areas through the internet. That’s why potential buyers have a maximum amount they’re willing to spend in your area (and also why it’s never a good idea to spend more on renovations and fixtures in an attempt to valuate your home to be above the average home price in your area).
Learn More About Your Property’s Value With Us
As you can see, there are a lot of factors to consider before listing your property on the market. And there’s still no guarantee that your home will be sold quickly, which can be a problem if you’re trying to sell your home fast.
Through professional home buyers in Rylo Homes, however, you can do away with all the hassle and hurdles that go with selling your house on the market. Instead of listing and advertising your home to real estate market buyers, you can sell your home to us!
As cash home buyers, we buy homes in Lexington, KY for a fair cash price. We are not real estate agents, so we don’t point buyers to your home – we are the buyers. And instead of waiting months for an offer, expect a fair no-obligation cash offer within 72 hours or less.
We buy homes as-is, so you don’t have to go through the trouble of staging your home or paying out-of-pocket for repairs and renovations. We handle all the closing costs which, on top of our fair offers, means you get to maximize your home’s value in a turnaround time that’s shorter compared to selling on the market.
Contact us today for a fair cash offer for your property.
