Owning a home is original American dream. It’s old frontier spirit, wanting to claim your own tuft of New World. Then again, these days it also makes perfect economic sense. Experts estimate that all of homes in United States alone are worth a combined $14 trillion. That goes a long way to explain why a housing boom has been sweeping globe.
Where there is a boom, though, there may be a bust. Read any headline from your local newspaper, and you’ll see headlines such as “Bye-Bye, Housing Boom” to “Housing Boom is Leveling Off.” Some economic forecasters predict a bubble that may be about to burst. They make you wonder: am I missing boat?
Whether you’re looking to cash in on this real estate bubble before it pops—or simply wanting to move to a bigger home or move across country—selling your home can be more a nightmare than a dream. Not only do you have to find and trust a real estate agent. You need to prep your home for open houses. You need to haggle with prospective buyers. Not to mention, you have to worry about moving and selling of all of your valuables.
It’s almost enough to make you want to live in one home for rest of your life—just as folks did in your grandparents’ day. Then again, your home is worth a percentage of that $14 trillion. Don’t you want to see just how much?
As hectic and horrible as selling a home may seem, it really isn’t so bad if you break it down into a few simple rules. If you don’t believe us, read rules for yourself.
Fuss over façade. Your home’s future owners do not want to worry about repairs and renovations as soon as they move in. So make certain they don’t. Be sure to have your home immaculately clean before you invite prospective buyers over. Redecorate if your interior is outdated. And invest in minor renovations if necessary. You’d be surprised what a coat of paint can do.
Focus on fine details. Prospective buyers will leave no stone unturned when they visit your home. They will test every light switch, run every faucet, and lift up every toilet seat. Everything—and we mean everything—should be in working order before your open house.
Double check for blown out light bulbs and leaky faucets. Scrub bathroom and clean up any ring around bowl, tub scum, and any other nasty surprise.
Don’t settle for maybes on safety. Ensure that there are no safety hazards anywhere on your property. Something as small as uncovered electrical sockets or as large as an unfenced pool can scare off buyers, especially parents of small children.