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Understanding how much you can sell your home for involves knowing how to price it correctly, just like an appraiser or realtor would. Buyers often have a realtor representing their interests, and it’s crucial to know how these professionals determine a fair market price for your home.


How to Price Your Home


You can use a Comprehensive Market Analysis (CMA) to compare your home with similar properties and determine the highest possible price the market will support. Look at properties that are:



  1. Currently Listed For Sale
  2. Recently Sold Homes
  3. Sales Pending (Homes that are Under Agreement)
  4. Unsold (Properties that were on the market but did not sell)


Gather data from these categories and compare your home's features to establish an appropriate listing price. Proper pricing is essential; if your home isn’t priced correctly, it won’t attract interest from buyers, making it difficult to sell.



Variables that are important include the following:


  1. Bedrooms
  2. Bathrooms
  3. Square Footage Above Ground
  4. Square Footage Total
  5. Acreage
  6. Type of a Home (Townhome, detached, twin, condo, etc)
  7. Condition
  8. Area
  9. (etc)


To make things easier, you can hire an appraiser and attach the appraised value of your home to this listing. This will put Buyers at ease knowing that the home they are buying is priced fairly.



Note: The national median error rate for Zillow Zestimates is approximately 8% and can vary widely; this is also true of other Estimates online. Oftentimes, estimates are based on data and do not account for the unique aspects of your home, as they haven’t physically inspected it.


How to Increase the Value of Your Home


The condition of your house plays a crucial role in its valuation. Certain upgrades can increase value, while others may not be necessary:



  1. Clean the exterior: Remove mildew and wash the outside of the house
  2. Maintain the yard: Clear debris from gutters, cut the lawn, and remove any trash.
  3. Paint: Fresh white or off-white paint can modernize your home. A $1,500 investment in painting can potentially increase your home’s value by over $5,000.
  4. Clean carpets and windows: Ensure they are as spotless as possible to improve the home's appearance.
  5. Improve lighting: Install “daylight” light bulbs to make the home feel more inviting. A small investment in lighting can yield a significant increase in perceived value.
  6. Replace floors: New floors typically bring more value to the property as does paint and this value is positive dollar for dollar. Other additions like replacing a bathroom could yield negative returns contrary to popular belief


Important: Real estate is a relationship-based business. Being polite and neutral with potential buyers can positively influence their decision to purchase your home.


How VELfixi Can Help You Sell Your Home


VELfixi provides homeowners with the tools and resources typically used by real estate agents, making it easier to market your property effectively:



  1. Listing On Open Platform: When you search for your property on many other websites, it is often hidden to the average user. The buyers have to select special filters to show For Sale By Owner homes. In contract, VELfixi focuses on promoting your property on an equal playing field to realtor promoted properties.
  2. Allow For Document Uploading: Get your home pre-appraised to give confidence to cash buyers that your home is priced properly! Additionally, you can attach an inspection report to get ahead of the inspections that buyers would want to do. And lastly, attaching a completed seller’s disclosures document can further help you stay clear of potential legal issues.
  3. MLS Access: We can also help you by posting your property to the local Multiple Listing Server (MLS) that will show your property to the agents in the area.
  4. Save Money: You can avoid paying a listing agent 2.5%-3.5% by listing the home yourself. Additonally, if you find a buyer who doesn't ask for their buyer's agent fee, then you can save another 2.5%-3.0%.


By using VELfixi, you can leverage these professional tools and services to successfully sell your home on your own, maximizing your profit and ensuring a smooth selling process.


Final Tips


When preparing to sell your home, ensure that it is in the best possible condition and marketed effectively. Use the resources provided by VELfixi to navigate the process with confidence and achieve the best possible outcome.



Disclaimer: The value you receive from these strategies is based on professional experience and may vary. For more information on selling your home, refer to trusted real estate resources. Results cannot be guaranteed. For more details or assistance with selling your home, explore VELfixi’s offerings to enhance your selling experience.