Top 6 Ways to Sell Your House for More Money and Profit

If you’re selling your house, don’t let rising interest rates scare you into pricing your home too low. Here’s how you can sell your house for profit.

Did you know that in 2002, a person could purchase a home as a first-time buyer for less than $200,000? After twenty years, the average cost of an entry-level home throughout the country has risen to well over $400,000 (and that varies widely by location).

If you're interested in learning how to maximize the amount of money you can get from selling your home, keep reading!

Top 6 Ways to Sell Your House for More Money and Profit

1. Choose the Right Time of Year

Typically, June and July are the best months to sell nationally, but that may not be the case in all areas. Factors that play a role in market conditions include things like school schedules, vacationers, and weather.

2. Work with an Agent

Working with a top real estate agent in your region will help you receive more for your home. Working with the proper agent can affect your bottom line. The best 5% of real estate agents in the U.S. sell homes for 10% more than average.

3. Pre-Listing Inspection

Pre-listing inspections (usually costing around $340) aren't necessary, but they can help you earn more money for your home. By getting a pre-listing inspection, you can address any problems that could otherwise derail a transaction.

4. Get Your Home Spic-n-Span

While cleaning, go through your belongings and purge the excess. The goal here is to remove decorations and clutter so that buyers can envision themselves living in the home rather than you.

5. Choose a Fair Listing Price

When selling a home, overpricing is a common mistake. Even with repairs and additions, your home's worth is limited. Fortunately, your agent will compile a CMA to determine an exact price. This research analyzes similar homes' location, size, condition, and attributes.

6. Don’t Shy Away from Negotiations

You need to be flexible enough to negotiate after you receive offers, yet firm enough to know when to stand your position. Talk to your agent before agreeing to anything, but it's possible to leverage things like appliances, repairs, and closing fees in negotiations.

Following Infographic on Ways to Sell House for More Money and Profit developed by HomeLight will surely guide you more.