Despite recent fluctuations in the housing market, economists agree that the best way to build wealth and stability is home ownership.
Of course, in order to cash out the equity you have earned, you will need to sell your home. This can be easier said than done if you have a high-end property.
But while selling a luxury home can be difficult, it is far from impossible. We have the top tips you need to sell your home quickly at the price point you need.
Get the Right Price
With any home sale, it’s important to price your property right for the market. This is especially true, however, when it comes to luxury homes.
Pricing your home correctly is all about finding the right balance. On the one hand, you want to price it competitively so buyers will be interested in looking at your property and will feel like they’re getting a good deal. On the other hand, you don’t want to price your home too low and get less money for it than it’s worth.
Typically, real estate agents recommend pricing your home by looking at “comps,” or other homes in the area with similar features. With luxury homes, it can often be difficult to find other homes that offer what yours does. For this reason, you should make sure to pay careful attention to the unique amenities your home offers, and price accordingly.
Have a Strong Online Strategy
These days, consumers conduct online research before making just about any purchase. Before a potential buyer comes to see your home, they will want to have access to online resources to help them determine whether it’s what they’re looking for. Make sure to include professional quality photos, videos, and virtual tours of your home online to attract these buyers.
When it comes to a luxury home, buyers are going to consider an overall experience and lifestyle. Sellers should be mindful to put their homes on the market during a time of year that best highlights the area’s most attractive features.
For instance, if you’re selling a luxury home in Miami, you should avoid selling during the hottest, most humid months of summer. Instead, market the home during the fairer months of October-December. By contrast, a high-end property in Cape Cod would sell better during the late spring and early summer months.
Ultimately, selling your luxury home will require a lot of patience and a little bit of luck. There are simply fewer buyers looking for homes in the 1-2 million dollar price range. But, while you will likely have to wait longer to sell your property, the payoff will be worth it in the end.
Sell Your High-End Property Today
With these tips in mind, you will soon be on your way to selling your high-end property.
If you have more questions about selling your home, you’ve come to the right place. Contact us for a free maximum value audit, and we’ll help you determine how to price your luxury home for top dollar.