5 money saving tips when selling your home in Washington DC and Surrounding
Your home is undoubtedly the most valuable asset for the vast majority of us and selling it will cost thousands. Using the money saving tips in this article will reduce the cost of selling your house.
Real Estate Agent fees vary, so shop around and haggle! (That is if you choose to use and agent) You should aim for 1% commission, also push them to limit the tie-in period to no more than 6 weeks, this gives then enough time to sell the house, but if they can not bring you a buyer you can move to another agent without going having multiple agents which will increase the fee to about 3%+, a big no-no! Ensure you get a fair valuation, never tell an real estate agent what other agencies have valued your house at. They will use this to manipulate its offer, often resulting in wide distortions.
Selling you house privately can save thousands. One in twenty home sellers are now taking the DIY route, which could save you thousands. That is a massive money saving tip, but there are a couple of downsides, which are your time and effort. You could consider newspaper advertising, flyers and signs. Newspapers usually charge per line or per word so try to keep your advert as brief as possible without making it uninteresting. The simplest way would to sell your house yourself is to use one of the many online house selling service. I personally would stay away from the newspapers unless its simply the online version.
Obviously, it is best to sell your house when the market is strong and demand is high, so keep an eye on the local property market. Also avoid competing with your neighbors, so if there are already a few “For Sale” signs on your street, it might be better to wait a bit.
Research has shown that a poor presented house can take longer to sell and may reduce the price by thousands. So get your paint brushes out, give your home a fresh coat of paint and finish all of those DIY jobs which are outstanding. Also stage your house!
If you are determined to save money when selling your home, do some more research, as they say knowledge is power. Keep informed by checking in on out blog here.
If you need to sell a property near Washington DC, we can help you.
We buy properties like yours from people who want or need to sell fast.