By: Emmanuel Ajayi

5 Tips to Get the Best Price for Your Property in a Seller’s Market

Tags: 5 Tips to Get the Best Price for Your Property in a Seller’s Market

According to the Calgary Real Estate Board, our city is experiencing what’s called a seller’s market. This means that there’s currently a big demand for properties in Calgary and not enough homes for sale.
If you’re thinking of listing your house, now is an excellent time to do it! When you put your property up for sale in a seller’s market, you’ll get more for it. Here’s how to get the best price for your home in the current hot market conditions.

Give a good spring cleaning

No matter when you’re selling, your property needs to be clean. Potential purchasers will be more reluctant if the home looks like it’s not cared for. Take the time for some proper spring cleaning, stow away seasonal items, and sweep the front step and paths.
Don’t worry if there are a few signs of wear and tear, like fraying carpet on the stairs. Viewers will often overlook this. When there aren’t enough properties to choose from, they’ll be more prepared to replace a few things themselves.

Complete minor repairs

Repairs are another thing to take care of − even in a seller’s market! Go through your house and search for what needs fixing. Maybe it’s a loose renewal post on the stairs or a knob that’s come off a closet door. Be sure to replace worn-out light bulbs and make sure the doorbell batteries are working.
Showing that you keep on top of the little things tells potential buyers that you’ve probably taken care of any required major repairs as well. 

Enhance the best features

What do you consider the best feature of your property? Is it the wide front porch, the roomy double car garage, or the bonus room on the second floor? Draw a little attention to these features by making sure the areas are tidy and attractive.
One good thing about listing in a seller’s market is that unique homes will sell faster than they otherwise would. Basically, that’s because house hunters have fewer properties to choose from.

Make it inviting

Prospective buyers need to imagine themselves living in your house. Emotion is a powerful motivator in home sales. A little interior staging goes a long way. This might be putting a few pieces of furniture in storage temporarily and adding a colorful rug or cushions.
At the very least, make sure you remove any clutter and that doesn’t mean stuffing the closets! Serious viewers must be able to open cupboards and closets and peer inside. An inviting dwelling is another sign that the property is well cared for.

Work with your agent

Your agent will have some helpful strategies for listing your home in a seller’s market. These may include things like how to set the sales price, the best day of the week to list, when to have showings and how to invite offers. Work closely with your agent, ask questions and listen to their advice.

Finally

Remember, a pre-owned property that shows well will attract a number of buyers. Chances are, offers will come in quickly in a seller’s market.
Are you thinking of listing? Give me a call for the best-personalized service!