If you're planning to sell Germantown real estate, you'll want to get the highest price possible. To do that, you'll need to understand what it takes to make your home attractive to as many buyers as possible as well. This article provides expert advice on what you should do to get top-dollar offers for your Germantown home.
Know your buyers
The first step in preparing your home is understanding your ideal buyer, what they like, what they don’t like, and what they are looking for in a home. What are their needs and wants? What kind of lifestyle do they lead? Once you understand your ideal buyer, you can start making changes to your home that will appeal to their tastes.
Prepare the home
Before listing homes for sale, owners should take time to thoroughly examine and inspect the house, looking at it with “buyer’s eyes.” Note unsightly areas, needed repairs, or anything that may be problematic. Your list will guide your efforts as you prepare the house for sale.
Clean and Declutter
Preparing houses or Germantown condos begins by making them clean and clutter-free. Start by decluttering each room and then deep cleaning from top to bottom. Although most of your efforts will be focused on the interior, it’s also essential to clean and declutter outside the home. Sometimes it’s helpful to go for a minimalist look that maximizes the spacious feel of the house. Do this by removing unneeded items and excess furniture and storing them until you are ready to move. A clean, spacious, and decluttered home will garner more interest from buyers.
Make needed repairs
With your home clean and clutter-free, you’ll need to take time to make needed repairs. This process may include fixing minor defects or addressing more significant issues with the property. Encountering issues and problems with a home is off-putting and will cause some buyers to bypass the listing or make lowball offers.
Upgrade kitchens and baths
One of the most practical ways to increase your home's value is to upgrade the kitchens and baths. If you can't afford a complete renovation, there are still some things you can do to make a significant impact. For example, refacing cabinets or installing new countertops can go a long way in updating the look of a kitchen. In the bathroom, consider installing new fixtures or tile work. These relatively small upgrades can significantly affect how potential buyers perceive Germantown townhomes for sale.
Repaint with neutral shades
If your walls are painted with bright or bold colors, now is the time to repaint them with more neutral shades. Visitors to the home should be able to imagine themselves living there, which is difficult to do if the walls are painted with colors they don't like. In addition to a more appealing aesthetic, the neutral colors will make the home's interior look bright and new.
It’s advisable to hire a professional home staging company to help showcase your home in its best light. A staging company will know how to arrange furniture and accessories to create an inviting and luxurious appearance that potential buyers will love.
Rooms with a single purpose
An important goal of staging a home is ensuring each room has a single purpose. For example, if you have a room used as both an office and a guest bedroom, consider converting it into a dedicated office space or guest room. Rooms with multiple uses tend to create confusion and a sense of disorder.
Highlight special features
The home staging professional will also attempt to highlight the special features and amenities of your single-family home in Germantown, such as inground pools, gourmet kitchens, or rooms that offer a great view. It’s equally important to call attention to other, less prominent features, like solar panels or innovative technology. Have your agent point those features out when visitors come to the property. Often, buyers will be willing to offer more for a home with desirable features and amenities.
Maximize light throughout the house
Buyers are more attracted to bright and airy homes, so the staging professional will go to great lengths to ensure that every space is well-lit. If your home is dark and cramped, the stager will recommend changes to maximize light throughout the house. Suggestions may be as simple as replacing dark drapes with sheers that allow light to pass through or keeping the blinds open. In some cases, it may be necessary to install new light fixtures.
Get expert help
If you want to earn top-dollar for your home, we recommend working with an expert agent who knows the local market inside and out. They'll be able to help you price your home competitively and market it effectively to buyers.
One of the most critical factors in earning top dollar for your home is pricing it correctly from the outset. You should not overprice or underprice your home — if you do, you could end up sitting on the market. Your agent should complete a comparative market analysis (CMA) to ensure you hit the nail on the head. A CMA will help determine what similar homes in your area have sold for recently and provide a good starting point for pricing your own home.
Once your home is officially on the market, it's time to start inviting buyers in! But not just any buyers — you want interested, qualified buyers ready to make an offer. One way to achieve this is by holding strategic open-house events. For example, instead of having an open house every weekend for weeks on end, try limiting showings to one and for a limited timeframe. By being strategic about when you hold the open house, you can ensure that there are as many interested buyers on site as possible — which could result in multiple offers and a bidding war!
When it’s time to sell, you'll want to find a realtor who knows the business's ins and outs. An experienced realtor can offer advice on preparing your home, implementing a robust marketing strategy, and helping you negotiate the best deal.
If you're thinking of selling your Germantown, MD home soon, follow these tips, and you're sure to earn top-dollar for your property. And if you're uncertain where to start or need some help along the way, we're here for you — call Jack Wang Real Estate and we'll be happy to assist!