Top 3 Sure Ways to Stand Out in Selling Your Home Spring 2021
Thursday Mar 18th, 2021
With the vaccine rollout coming into Phase 2 in Ontario this April 2021, there is a guarded relief that most of the life we knew prior to the pandemic will be back to a different normal. This means social distancing and limited social circles will slowly lessen - making way to more freedom of movement and interaction. This bodes well for the real estate industry who is still suffering from low inventory and a high-demand market.
Home sellers can now start planning ahead in preparing their properties to be listed this coming Spring 2021. So here are the top 3 sure ways to help you get started.
Do the paperwork
With the Royal Bank of Canada lowering their interest rates to less than 2%, mortgage rates are in the lowest it has been and is predicted to remain in this level for this year 2021 while the economy is in the recovery phase from COVID-19.
Work with your real estate agent and mortgage broker to find out if you can benefit more from breaking your mortgage (make sure you know the penalties of breaking a mortgage) to find a new home or get the best comparative market analysis for the market value of your current home.
Make sure you have this homework part covered so you know where you stand in this current real estate market. Having a figure in your head with the help of professionals should give you a more clear goal in selling your home.
Up the Curb Appeal
The best way to invite interest to your listing would be how your exterior will be looking in photos and virtual tours. This is why curb appeal is a great factor in reeling more potential buyers besides asking price. Landscaping and curb appeal efforts can increase perceived home value by 5-10% - according to a study done by Michigan State University.
With winter fading away, you can start working on the curb appeal of your house.
Begin by clearing out any winter debris like dead leaves and twigs, you can then look at what basic gardening or landscaping efforts you can give your curb. Tidy the flower beds and plan on putting in some flowering pots and shrubs to create a colourful front lawn.
Pressure washing the driveway is also a good start. Clean the windows and doors, and wipe front windows into gleaming shine.
Minimize the clutter in the porch and driveway - add just enough decorations to make the curb look attractive but not cluttered.
Practice spring cleaning
Get a spring cleaning fever going when it comes to the interior of your home. Do a deep clean of your light fixtures, windows, and floors. Banish the dust bunnies out and declutter your home.
Put and pack away clutter laying around the house to prepare for your inevitable house move. Start taking down personal items so it is ready for the camera and virtual tours.
You can hire professional home cleaning services to get the other cleaning tasks done if you do not have the time to indulge in spring cleaning and lessen the stress.
Painting your rooms also helps in getting the home buyer’s interest as it makes your home put together and neat.
Also, prioritize small repairs and talk with your agent about major renovations.
Do initial scouting for home staging professionals to give you a consultation on how to present each room of your house to their best versions.
With the low inventory, home buyers are getting frustrated with the limited supply of listing. This seller’s market situation will not only help you get your listing to sell quickly but also more likely to get sold higher than the asking price. It does not hurt to follow these 3 tips to make sure you get the best market value for your beloved home.