Selling your Memphis house for top dollar is a common goal for many homeowners, and there are several strategies you can use to achieve this. Here are a few tips to help you get the most money for your property:
- Make necessary repairs and improvements: Buyers are willing to pay more for a home that is in good condition, so it’s worth investing in repairs and improvements that will make your home more appealing. Focus on fixing any major issues, such as leaky roofs or plumbing problems, and consider making cosmetic upgrades like fresh paint or new flooring.
- Price your home correctly: Pricing your home correctly from the outset is crucial if you want to get top dollar. An experienced real estate agent can help you determine the best price for your property based on comparable sales in your area.
- Stage your home: Staging your home can help buyers envision themselves living there, which can make them more willing to pay top dollar. Consider hiring a professional stager to help you create a welcoming and attractive environment for potential buyers.
- Market your home effectively: Effective marketing can help generate interest in your property and attract potential buyers who are willing to pay top dollar. Work with your real estate agent to create a marketing plan that highlights the best features of your home and reaches the right audience.
- Consider selling to a professional investor: If you’re looking for a fast, hassle-free sale and are willing to accept a lower price, selling to a professional investor may be a good option. Investors like those at Memphis Home Buyers can offer you a fair price for your home and close the sale quickly, without the need for repairs or staging.
Overall, selling your Memphis house for top dollar requires a combination of strategy, preparation, and patience. By following these tips and working with the right team of professionals, you can maximize your profits and achieve your selling goals.
But “What do I need to do to sell my house in Memphis“?
Here are some tips on how to get your home ready to sell if you’re looking for top dollar that the market will bear:
*NOTE: These instructions are if you’re looking to get full retail value for your house sale. However, if you don’t want to do the things below… or don’t have the time or money to do the things below… you can still sell your Memphis house fast for a fair value in a win-win sale that’ll save you time and expense.
To impress buyers, it is crucial to maintain an impeccably clean home, even if it is vacant. Dust and dirt accumulate in empty houses as well, so make sure to keep it up. Hiring a professional cleaner, or enlisting the help of a friend who is a clean freak, can be a good option if you’re not one yourself. If you tend to be messy, consider finding another place to live while showing your house, or even asking your cleanest friend to temporarily swap homes with you. A dirty or untidy home can make buyers feel uncomfortable and even grossed out, which can significantly delay the selling process. Therefore, nothing short of gleaming perfection will do when it comes to showcasing your home.
2) Cultivate a cohesive, neutral style. When it comes to painting, it doesn’t have to be all off-white as subtle colors can make a difference in how spaces are perceived. For instance, a soft yellow can brighten up a dark kitchen while a deep dark blue or green can make a bright bedroom feel like a peaceful place to sleep, but be cautious as dark colors can also make rooms appear small. It’s worth spending money on high-quality paint and professional assistance since people unconsciously pay more for a property with the right colors and clean lines, making it seem better built. Optical illusions are genuine, and psychologists study them, so don’t neglect the outside and focus only on the inside, or any other aspect that’s unbalanced.
While it may seem unnecessary to spend extra money on a dishwasher that a buyer may replace anyway, neglecting maintenance can end up costing you more in the long run. Many buyers will conduct a home inspection and use it as an opportunity to negotiate with you. If you try to hide neglected maintenance, you may end up paying even more as the seller and could even be accused of fraud. Therefore, it’s important to stay in compliance with all laws and regulations. Hiring a home inspector to come through before putting the property on the market can be a wise investment. If you arrange it in advance, the inspector may charge you a small fee to return after you’ve made minor repairs and provide a clean bill of health. Prospective buyers appreciate an independent report on the condition of the house, making them feel more comfortable with the purchase.
4) Make only necessary improvements. The biggest mistake people make when getting their house ready to sell is over-improving. They often spend too much money on customized frills that can’t be recovered in the sale.
Paint is about the only safe investment – it’s easy to overspend on almost everything else, and it’s easy to get ripped off by unscrupulous contractors.
It’s important to know what improvements will produce a return on investment to avoid wasting money.
5) Get expert opinions. You should definitely find at least a few decent real estate brokers who will help you price your property, but be honest with them. If you’re going to market the property on your own, don’t make enemies by lying about your intentions. Great brokers are rare, but they make more money for their clients than they earn.
Effective marketing is crucial in selling a house, and great brokers earn their value by doing this work and spreading the advertising expenses across many clients. Starting from scratch on your own can be expensive and time-consuming, but if you already have marketing expertise, you may have an advantage. If not, it’s worth taking the time to learn from the best brokers in Memphis to educate yourself on the options available. Listening to their strategies can help you understand how to effectively market your home and attract potential buyers.
7) Get a cash offer. We buy houses all over the Memphis area, and we do all the work so you don’t have to deal with any of this stuff.
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Don’t Want To Do The Things Above Yourself? But Still Want To Sell Your Memphis TN House Fast?
Although everyone wants to sell their house for the highest possible price, not everyone can or wants to do the things necessary to achieve full retail value for an end buyer. Repairs, cleaning, upgrades, and marketing all require money and can be time-consuming. Therefore, it’s essential to weigh the cost of making these improvements against the potential increase in selling price. For some sellers, it may make more sense to sell the property as-is or to a cash buyer who can take it off their hands quickly without the need for repairs or marketing. It’s important to consider all options and make an informed decision that aligns with your priorities and goals.
If you have the funds to do these things... AND you can wait the 3-9 months it takes to sell houses in this market… then you’ll be better off financially to do those things then list it on the MLS (the main property listing service that real estate agents use).
If you don’t have the funds to do these things... AND can’t wait months to sell your house… then you may be a perfect fit for our local Memphis house buying service. You’ll submit basic info about your house over here on our website, we’ll evaluate your house, we’ll make you a fair all-cash offer on your house, and you can decide if it’s a fit for you.
Then we can close FAST (often times within 7 days) if you need us to.
Take a look at what we’ll pay you not to do anything versus the time, expense and hassle involved with doing it on your own.
So if you’re still asking “what do I need to do to sell my house in Memphis“… now you have 2 solid options.
Either…
- Fix the property up and get it all nice and ready with the steps above to sell it at top dollar
- Let us do all of the work and we’ll make you a cash offer on your house in AS-IS condition. This saves you time, money, and gets the hassle off of your hands.
If you need to sell a property near Memphis, we can help you.
We buy properties like yours from people who need to sell fast.