The Bedminster, NJ, real estate market is very competitive, with many homes receiving multiple offers and going under contract soon after hitting the market. While this doesn’t guarantee that every seller is going to see a bidding war or sell their home for an amount higher than the original asking price, these home selling tips will better position you for success.
Determine your asking price
You’ll want to choose a competitive listing price that will allow as many prospective buyers as possible to see your listing. Start by asking your real estate agent to run a Comparative Market Analysis for you. This report will show you what similar homes in your area have sold for over the last several weeks and months. You can use this information to determine what your home might appraise for. Another factor that you’ll want to consider is the availability of other properties in your price range. There may be an opportunity for you to increase your home’s visibility based on the asking price that you set. For example, if your home could appraise for $700,000 and there are currently no homes for sale between $700,000 and $725,000, you may price your home for a slightly higher amount because you know that you could potentially dominate that section of the market.
Choose the right time of year
Many sellers find that buyer demand is higher during the late spring and the early summer, especially in a region with shifting seasons like Bedminster. Some people are excited to use their tax refunds in their down payment, while others are simply eager to get out and shop for homes when the temperatures begin to warm up. Families with young children hope to move quickly after the school year ends so that they have time to settle into their new homes before classes resume in the fall. You can take advantage of the increase in demand by having your home ready to go on the market by the end of March. You’ll likely experience higher demand and receive better offers as a result.
Perform any necessary repairs
Some homeowners will schedule an inspection before they put their home on the market. This gives them a chance to address any outstanding concerns before they put their home up for sale. They know that their buyer will likely schedule their own inspection during the option period, and they don’t want any surprises to come up that might otherwise derail their sale. Perhaps your home is in good condition and doesn’t require any immediate repairs, but you’re still interested in doing something to help your home stand out on the market. You could consider making a few small upgrades to your home that will raise your ROI and make your home more appealing to prospective buyers.
Develop your marketing plan
Coming up with a thorough marketing plan with your real estate agent will help you better engage with a larger group of prospective buyers. Your marketing plan should include online and digital efforts along with traditional strategies such as putting up a “for sale” sign in your yard. As you get ready to create an online home listing, it’s a good idea to hire a professional photographer to come and take pictures of your home. You can include these with your listing and in any social media posts you create about your home sale. These images are brighter and more engaging than what most people can take on their own, and you’re more likely to grab attention from potential buyers online if you choose to include professional pictures.
Another strategy that helps many sellers is to run promoted Facebook ad campaigns. You can set up your Facebook ad to target specific demographics based on age and geography. Facebook will never spend more than the amount you authorize, and they will store each user’s information after they click on the ad one time. This increases the likelihood that they will see the ad again in the future.
Stage your home before in-person showings
Some sellers will hire a professional home stager to come and help them prepare their home. Others will implement their own home staging tips. It’s always a good idea to depersonalize your home by removing any family pictures from your walls and shelves, along with eclectic furniture and art. Leaving these items up can deter the buyer from being able to picture their own family in the home. You should also fully clean and sanitize each room in your home. Consider how the furniture arrangement in each room emphasizes the functionality of the space, and don’t be afraid to clear out any clutter that could be distracting or overwhelming for buyers as they walk through your home.
Hire a real estate agent
Most people find that selling a home is much easier when they can team up with an experienced local real estate agent. An agent can help you come up with a strong marketing plan while also assisting in the staging of your home. They will advise you on how to price your home in a way that commands attention while also offering the highest potential profits. They will represent you during negotiations with prospective buyers so that you are able to secure the best deal possible. In the days leading up to closing, they will communicate with you on a regular basis as they assist in the writing of the contract. You’ll thank yourself for entrusting the sale of your home to a qualified local agent.
The
Borcherding + Borcherding Team would love to help you sell your home when you’re ready to take the next step. They are local Bedminster experts who can walk alongside you through each phase of the process. They are eager to help you however they can and are happy to answer any additional questions that you have about selling a home.