Getting Your Home Ready for Sale

by Allison Jaffe 06/30/2019

Getting your home ready to sell involves more than just packing all of your property in boxes and leaving. It begins right from the time you move in. Often it even starts before you buy another home. Many people rely on money from the sale of their home to buy their next home. If you are in this category, beginning the process early will help increase your profits.

Do not panic; this article will walk you through the entire process. To start with, there are some improvements you can make to your property to make it sell faster. This is what you will see throughout this article.

Improvements You Should Make on Your Home

Almost all homes require some extra love and care, and this is the reason why you need to start this process early. The kind of improvement we are talking about here are those things that will bring up the value of your home. 

How do you do it?

First, critically look at your house and take inventory of all the repairs needed. Spend around two weekends to looking for easy things such as touching up paint and patching nail holes, but plan for more time to check out more substantial projects like the roof or foundation.

The critical areas of your home are the kitchen and bathrooms, so start your improvements there first. Updating these areas of your home can include replacing hardware, painting the cabinets, or hanging new light fixtures.

You should keep an eye out for anything you think might need a bit of work while making these improvements. These improvements should not cost you millions of dollars, but completing these repairs before you list your house for sale will show that you are able and even ready to make more money on the home.

Find out the Fair Market Value of Your Property

The fair market value of your home can best be described as the price that a home buyer would pay readily without any pressure from outside sources. The price can be influenced by many factors such as the appraisal, tax assessment, and homes in that area.

  • The bank or the buyers' lender usually completes the appraisal to ensure the value is in the home before they buy the property.
  • The tax assessment is an estimated value based on information the government has on your property without really seeing the inside of your home.
  • Finding your house's value based on others in the area is referred to as a Comparative Marketing Analysis (CMA).

Comparative Marketing Analysis

A CMA looks at properties that have the same square footage and similar features to determine a sale price for your home. A full CMA also considers some other factors such as houses that have been sold recently or those that listed for sale at the moment, their duration on the market, and how they compare with your listing.

The value of your property may rise and fall depending on a lot of things: the area, the local market, and the season in which you are trying to sell to name a few. It is good to have a real estate agent who knows your particular area complete your CMA. They have a more complete vision of the market you are in and will be able to price your home cleverly at the spot where it will sell fast for the highest value.

Selling your home can take a toll on your patience if you are not prepared beforehand, but knowing and completing these steps in advance will make the process a smooth one. So, get out there and get your house ready for sale!

About the Author
Author

Allison Jaffe

Welcome to Key Real Estate Services 

Providing professional representation for Sellers and Buyers throughout NYC and the northern suburbs.

Westchester/Rockland/Putnam: 914-661-0340

Manhattan/Bronx/Brooklyn/Queens: 718-874-2877

www.keyrealestateny.com

Meet Our Team

Allison Jaffe, Licensed Real Estate Broker

Office: 914-661-0340 or 718-874-2877, Ext. 2

Call/Text: 718-577-5284

Email: [email protected]

During more than 14 years as an independent broker, Allison has managed all manner of residential real estate sales – single and multi-family houses, condos, co-ops, and mixed-use -- from upper Manhattan, throughout the Bronx and Queens, across Westchester to Putnam and Rockland Counties. Allison specializes as a Sellers Agent, Seniors Real Estate Specialist (SRES), Estate Properties Agent, and a Certified Buyer Representative (CBR). Please see our menu of Client Services to learn more about each of these focused areas of real estate expertise.

"I determined early in my real estate career to focus on the specific needs of my respective clients rather than a specific geographic area. My job isn’t to sell buyers on a town or school district – they know where they want to live – my job is to sell the one property in that location that my client has to sell. My buyer clients want options and having lived and worked in Westchester, Rockland, the Bronx, and Manhattan, I know where to find those options.”

Linda Mancini, Licensed Real Estate Salesperson

Office: 914-661-0340 or 718-874-2877, Ext. 3

Call/Text: 718-619-8022

Email: [email protected]

Linda joined Key Real Estate Services in 2017 to expand our client representation throughout Manhattan, Brooklyn, and Queens. Extending the firm’s core principal of market expertise, Linda specializes in HDFC (Housing Development Fund Corporation) apartments in NYC that keep affordable housing options open to financially qualified families.

"I’m happy to represent the firm’s client-centric, market expertise approach to real estate throughout NYC. After more than thirty years of experience with HDFC properties, I’m able to guide qualified clients through the particular challenges of buying into and selling out of this unique homeownership option.”

Lea Mae de Guzman, Client Care Coordinator

Office: 914-661-0340 or 718-874-2877, Ext. 1

Call/Text: 718-577-5286

Email: [email protected]

Overseeing transaction activity, Lea works directly with Allison and Linda to keep every sale and purchase moving forward efficiently. With her finger on the pulse of each client’s transaction, Lea is at the firm’s administrative hub for scheduling, document processing, and coordinated communication.

"While I attend to the day-to-day clerical and communication needs for all of Key Real Estate Services’ clients, Allison and Linda are free to give their undivided attention to one client at a time in the field. I’m sort of the company's human tracking app that every client can access online, by text, or on the phone.”