Selling a home for top dollar is not so easy to do. The entire process is long, and it requires thorough planning, research, and analysis. Furthermore, the location of the home plays a crucial role, because an apartment in New York (where living space is very limited) costs a lot more than a house in Michigan. Also, certain home types will sell more easily than others. With that in mind, let’s look at some expert tips for selling a house in Michigan and help you sell your place for the top market price!
Hire a good Michigan real estate agent
There are split opinions on whether it is better to look for a home on your own or hire a professional to help you out. Paying a real estate agent means spending more money. However, having one comes with fantastic benefits:
- access to a private home listing
- getting first-hand information about homes that are not officially on the market
- someone to take care of all the paperwork
- lower chances of running into a scam buyer
With that being said, it is imperative to find a real estate expert in Michigan.
Everything revolves around the timing
There is more to selling a house than just finding a real estate agent. When it comes to striking a good deal, many factors play a crucial role.
Knowing when to buy or sell will make a huge difference.
If we look at how the price of homes on the market fluctuates throughout the year, it reaches its peak somewhere around June. At that time, the median value of a house in Michigan stands somewhere around $158,000. Have in mind that most of these homes are on the market since January.
Once we cross to July, the homes that hit the market in June reach a median price of around $186,000.
With that data in mind, the best time for selling a house in Michigan, both for speed and value over time is mid-June to July.
How to calculate the correct value of your home
There is an art in pricing a home for the market. With so many properties listed, buyers have a wide array of options. Setting a price too high will block your house and you won’t be able to find a buyer. Furthermore, if the price substantially drops, buyers will start to ask questions and think something is wrong with the place.
In the same manner, a too low price will raise suspicion as well, but most importantly, you will not make a good deal for yourself.
Comparative market analysis helps you compare home prices based on the size and features and price your property correctly.
How to market your home in Michigan
As mentioned earlier, buyers have a huge pick list of homes, but everyone is looking for a special offer and a good deal.
By learning how to market your home properly, you are placing yourself in front of the competition. Even though the real estate agent will do most of the work for you, there are still a couple of things you can do.
First, think about potential buyers. They could be shopping for a home locally or moving to Michigan from afar. When it comes to relocation, no matter how distant it is, people want to be sure they are moving to the right place and the right home. To make sure your property is the right place for them, do a little advertising on social media. That is one of the best DIY tips for selling a house in Michigan.
You can post photos of your home, showing its best features. Talk about the neighborhood and underline all the good things. You never know when buyers are lurking, looking for the house of their dreams.
When it comes to the local buyers, place the “for sale” sign in front of your house. Furthermore, spread the word between your friends and family that you are selling the place. Someone might know an interested party. Additionally, if you want to go the extra mile, put posters around the neighborhood. Someone might be interested and give you a callback.
Staging the home for a sale – yes or no?
When it comes to selling your home, staging is optional. However, it gives good results, and it is worth looking into. The goal of staging a house is to present your place in the best light and put all its most prominent features on the first line.
If we look at the overall statistics, staged homes sell almost 80% faster, and for a higher price.
Types of Home Styles
Michigan homes usually come in three main styles:
- colonial style
Each of these styles looks different. For example, some benefits of bungalows are open floor plans, built-in cabinetry, a large fireplace, and a spacious porch. Ranch homes also have an open floor plan, low pitched roof, a garage, large windows, and a vaulted ceiling.
You can recognize colonial houses by evenly spaced large windows, a central hall, a covered porch with columns, multiple stories, and a beautiful front yard. Depending on what type of home you have, you should focus on these features and play to their strengths.
Should you sell your home before you buy a new one?
When a good offer comes, you should not pass on it. However, selling a place before you purchased a new one may be a source of stress. If you are in the middle of relocation planning, but you don’t have a place for all your stuff, reach out to the professionals at highqualitymovingcompany.com and see what your options are.
Furthermore, it doesn’t hurt to check with your friends or family if you have a place to stay before you purchase your new home. It is always smart to consider all options and have a backup plan.
Expert tips for selling a house in Michigan – delivered!
Hopefully, these expert tips for selling a house in Michigan will help you sell your home quickly and for top dollar. Furthermore, remember to put yourself in buyers’ shoes and look at your property through their eyes. Best of luck with selling your home!