When choosing to sell a house in Miami, FL, you’ll likely want the process to take as little time as possible. After all, time is money, right? The longer it takes to sell, the more it ends up costing you in the long run. Monthly mortgage payments, Utility bills, taxes, and insurance payments only stop once the sale is finalized. (A sale that takes 45 days as opposed to 9 Months can literally save you $20,000+ in the fee’s listed above!)
Not only that, but statistically, the longer your home is listed, the less likely you are to get your asking price. To get the highest return on your Miami house, sell it QUICKLY! In our latest post, check out our…
5 proven tips to sell your home faster in Miami, FL!
Get Rid of Your Stuff
Seriously. You’re moving into a new home anyway, so pack up now. Before you list, advertise, or have a single showing, box up and store EVERYTHING that isn’t vital. Here are some tips. People viewing your home will consciously (or subconsciously) be turned off by clutter and items that appear too personal in a home. They will feel as if they are intruding on your space, and will never fully be able to picture themselves living in the house. (Which is what you ultimately want as they will be more likely to buy a house if they can feel/see themselves living in it comfortably.) As far as decor, keep it neutral. Consider hiring a professional stager to add the right touches to your house. So not only are you saving yourself time and stress in having to do it later. So pack up everything BEFORE LISTING not only are you saving yourself time and brainspace in having to do it later, but you are making your house more sellable.
This is very, very, very important. It’s as important as it is on Tinder or OkCupid! Present the BEST version of your house with PROFESSIONAL photos. The majority of people are shopping online for their next home. That means you have to capture their attention in only a matter of seconds and you are competing with HUNDREDS of listings. People scroll right past a house with bad or sub-par photos. The pictures you use in your ad should present the house in the best possible light. Consider renting a wide angle lens if you are on a very tight budget, but the best method is hiring a local professional to help you get the right shots. Any fees you encounter are well worth it in the end.
They say, whether they know it or not, buyers decide right away if they will make an offer on a home. What potential buyers see as they are pulling up to the house, will set the overall tone of the showing. Unlike many other home improvements, curb appeal can usually be done at a low cost. The things below can all be done for under $500 and can save you Thousands if they mean your house will sell quicker. We do the 5 below on ALL of our flips when we resell them.
- Clean up and weed the garden/lawn
- Plant some flowers
- New hardware such as mailbox, address numbers and door handles
- Fresh coat of paint on the door
- New doormat
Price it Right
Nobody likes to hear this….but this is THE #1 MOST IMPORTANT THING and the thing we focus on the most when we sell our flips. And our flips sold in 2017 so far in an average of less than 45 days! From day 1 your home needs to be priced correctly. A great agent will be able to help advise you, however you should do a bit of homework on your own. What are other houses in the neighborhood actually selling for? Run some comps, and don’t price too high. Many people go for the highest imaginable price, hoping to snag a buyer. However, most of the time, this only leads to impending price cuts and COSTLY MONTHLY expenses while you wait..ie..mortgage payments, utility costs, property taxes… And while you are finagling with price, your listing is dropping further and further down the sight line of potential buyers. In addition, repetitive price drops will make you look desperate or give the impression that there is something wrong with the house. By starting off with an aggressive well-researched price, you will be able to hit the market and be competitive with other listings in your area. This is a KEY. After selling dozens of houses over the years what we do is research sales comparable and come up with what we think is a very fair market price. THEN we price our property at 95% of that price. Yes, 5% BELOW what the comps suggest it will sell for. What this means is that from day 1 we are the best deal on the market. We are the best product at the best price! We get multiple offers in the first few weeks, usually above our asking price. And we save months of holding costs, like property taxes, utilities, loan payments etc…and also the less time we hold onto it the less time we have for something else to go wrong, especially if it is vacant. Like for it to be vandalized, or having a pipe break etc…So we want to sell our houses as FAST AS POSSIBLE.
Highlight Your Neighborhood
When a person buys a home, they aren’t just buying the structure, they are buying the location and lifestyle. Showcase ALL of the things that make your neighborhood unique and inviting. Put together a packet to give to people viewing your house. Include information about recreational activities, restaurants and commute times. Let them know about parks, lakes, and anything you love about the area yourself. Is the neighborhood tightly knit? Block parties and holiday events? Make sure to highlight that as well! Most people are looking for a great home in a wonderful atmosphere. Highlighting the area can be just as important as highlighting the home itself! Highlight safety and security, as well as those, are on every buyer’s list. As well as neighborhood groups or online forums like Nextdoor.