When you are looking to start the process of selling a home in Ogunquit, there are a few key tips to keep in mind to make the process go smoothly. Relocating can be stressful at times, but this article will explain the main ways to prepare yourself and your property to make selling as streamlined and straightforward as possible.
Preparing your house to sell
There are various ways to prepare your home to be listed on the market. By preparing your home effectively, you will set the stage for higher offers and increased interest in your property. Here are some of the best tips for getting your property ready to sell.
Working with an expert Ogunquit real estate agent
Selling your home is a process that is entirely in your hands. You have control over all aspects, including which Realtor® assists you. When interviewing real estate agents, ask them how they will go about selling your home, their marketing and negotiation strategies, their previous sales, and the expected timeline. Selling your home is no small feat, and you deserve to work with someone who you feel comfortable with and who you know has your best interests at heart.
Determine your home's value
One of the best ways to determine your home’s value is to hire an appraiser. This can be a big help in the long run, as it will ensure that the list price of the home is acknowledged and deemed appropriate by lenders. In addition, your real estate agent will also prepare a comparative market analysis, which evaluates similar properties in the area currently on the market to help determine the value of your own property.
Upgrades to improve your home’s value
There are dozens of ways to improve your home's value, ranging from simple projects to in-depth renovations. A fresh coat of paint can go a long way to making a space feel shiny and new, while a more extensive renovation, such as updating the kitchen and bathrooms, could significantly increase your listing price. However, these projects will take longer and be much more costly. Your agent will be your guide to determining which upgrades will be worth the cost and provide a solid return on your investment.
Get the timing right
Selling your home in the warmer months, especially May, June, and July, can help you not only sell your property faster but for a higher price, as buyers are much more active during this time frame. Listing in late fall or early winter could make selling more difficult, as buyers are less focused on moving and more interested in getting through the holidays and focusing on work.
Staging your home and taking photos
Home staging and professional real estate photography are expert services that your real estate agent can coordinate for you. These are great steps to take, as they often will improve buyers’ interest in your property. With stunning appeal at every turn, buyers will feel more connected to your home, often leading to higher offers and a faster selling time.
Listing on the MLS
The Multiple Listing Service (MLS) is a service where real estate agents list properties for sale. It is through the MLS that secondary real estate websites, like Zillow and Realtor.com, get the listings and information surrounding properties. Your Ogunquit real estate agent will use this service to spread the word about your property. The goal is to cast the widest net to ensure your listing garners the most interest.
Open houses & virtual tours
Open houses are typically scheduled for the weekend and allow multiple buyers and their agents to come to walk through the property without having to make an appointment. It is a great way to get interested parties in the door and can lead to multiple offers.
Due to the exponential improvement of technology these days, there are virtual and 3D tours available to buyers, so they can view a property from their device no matter how far away they may live. This is especially convenient for those buyers looking to move across the country and can improve the speed at which the property sells.
Sellers typically pay the commission to the real estate agents and occasionally will pay for the buyer’s title insurance policy. Closing costs can always be negotiated with the seller, so each transaction may be different. Real estate agents' commission varies and should be discussed with your agent before hiring them.
Frequently asked questions about selling your home
Here are some of the most commonly asked questions that sellers have about Ogunquit real estate.
How can I achieve the highest offers?
One of the best ways to ensure you receive top-dollar offers for your property is to sell during a strong seller’s market. Also, upgrading major rooms in your home, like the kitchen and bathrooms, can increase the perceived value and level up buyers’ interest.
Is now a good time to sell my home?
Timing is essential when it comes to the real estate game, and there are many factors to consider when thinking of selling. One of the most important things to consider is whether you are personally ready to move. If you are unsure, remind yourself that there is no rush and that you can take all the time you need. Also, ask your Realtor® about the current state of the market in Ogunquit to see how other homes are faring. With up-to-date statistics in mind, you can make an informed decision.
Ready to sell your Ogunquit home?
If you want to team up with the best, look no further than Anchor Real Estate
for all your selling needs. This top-tier team of professional Realtors® is well-versed in the Ogunquit real estate
market. They have a passion for the industry and work closely with their clients to ensure the transaction is as smooth as possible. If you are considering selling your home in Ogunquit, reach out to Anchor Real Estate today.*Header courtesy of Shutterstock