Fort Worth has a fairly competitive housing market, making it tricky for sellers to know when to accept an offer. While you may have plenty of buyers interested in any Fort Worth home, you won’t always get the offer you’re hoping for. You can get more competitive offers with a few quick and simple approaches as long as you’ve got professionals on your side. If you want to get the best price for your home as possible, you’ll need to learn what to do with your space and where to compromise.
Research the Market
You don’t want to go into the Fort Worth housing market blind; you won’t know which offers are competitive or what price to set your home at. You can lose a lot of money on your home if you aren’t informed. Learn the average prices of houses and the type of market Fort Worth currently has. You should also compare the costs of other homes of similar size, amenities, and neighborhoods. Understand the aspects of your home that add or retract value. If you are on the fence about hiring a real estate agent, you may want to consider it; they come equipped with inside knowledge on what makes homes sell, as well as the ins and outs of the Fort Worth market.
Make Obvious Repairs
When you sell a home as-is, your asking price will likely suffer. Fort Worth has a decent supply of homes, so buyers may be pickier. Depending on the amount of repairs or upgrades that are needed, you may find a significant home value boost if you make those obvious repairs or upgrades first. You don’t need to give the entire house a makeover—that can cost too much money. However, simple and necessary fixes can make a major difference in home valuation. Make sure all doors and locks work. Repair obvious flooring or wall damage. Provide a fresh coat of paint. These fixes may not seem like a big deal, but they can make a major improvement when combined. Any repair or upgrade you can make affordably and easily can boost the value of your home and make it more competitive.
Consider All Buyers
When you want the best offer for your home, don’t limit yourself to a certain type of buyer. Families, investors, or house flippers may make vastly different offers for your home. A Fort Worth entrepreneur who buys houses may have big plans for your home or property, and may offer a better deal than a corporate house flipper. Some families may provide more competitive offers, but require costly repairs as a prerequisite. Compare all of your offers without limits and consider all prerequisites before choosing one.
Stage the Home
When you provide photos or tours of the home, you want it to look its best. Buyers won’t make an offer solely based on how you’ve staged it, but a decent staging can help buyers better visualize its potential, which can raise offers on the home. A family may view a beautifully staged bedroom and decide it would make the perfect place to raise a new baby. A house flipper may see a staged kitchen and see its appeal for future tenants. Staging the home means better photos and successful showings, which can easily translate into numerous competitive offers. Clean the place up and eliminate any obvious signs of damage or wear and tear. Decorate the entryway, bedrooms, kitchen, and living space. Trim the yard and ensure the front door is clean and attractive. Your real estate agent can help you with home staging.
Be Competitive
You don’t want to accept the first offer you receive in most cases. It’s important to know when to negotiate or consider additional offers. If you are interested in a particular buyer, make sure you know your home’s worth in the market. Don’t force an offer that is too high; buyers may walk away from an overly risky investment. Know when to negotiate for a higher price, especially when you’ve made repairs or received a pre-sale valuation. A real estate agent can help you negotiate and choose the best offer for your home with the Fort Worth market in mind.
Consider an Agent
A real estate agent is a valuable asset to have when looking for the best price on your home. While they will take out a certain fee from your home’s price, they can skyrocket your value with little effort on your end. They know the buyers, sellers, and homes in the Fort Worth market and can make your home competitive with staging, quick repairs, and other selling tactics. They can even identify the best offers and help negotiate on your behalf. Real estate agents exist for a reason; many homes sold by owner often have trouble getting competitive offers.
Conclusion
What you can get for your home depends on its condition, location, and size. When making repairs, consider the most affordable and dire first. You can get home inspections and valuations to get a better idea of what you can ask for during the selling process. Working with a real estate agent can help you receive the most competitive offer. Staging the home can provide better photos and more interested parties during the tour process. With the right approaches, selling your Fort Worth home for the best price is quick and simple.
