Selling your home is never as stressful as seeing the new subdivision developed on the next street.
The good news is that the sale of existing homes is at a high right now, the highest since February of 2007, reports Business Insider.
The bad news is that many people still prefer to buy new construction.
If competing with new homes has you cowering in the corner, here are a few ways to get buyers flocking to your well-loved door.
Evaluate Your New Competition
To get a good idea of what you are up against, you need to know what new construction looks like in your area.
As the homes are built, driving slowly by the property is insufficient.
Ask your realtor for any information they have, and do your homework.
Look at the builder’s website for information (especially pictures of model homes) for your local development.
It’s essential to take note:
types of fixtures in the kitchen and bathrooms
style of the doors
colors of the exterior
style and quality of appliances
All of this information gives you an idea of what the new construction has that your home does not and what you have to offer that’s better.
Make Your Old Home Look New
Many prospective homebuyers would instead buy a new house because they like making it uniquely theirs.
You can resolve many of their concerns by making your house as new as possible and free of your family’s personality.
Curb appeal is more than cleaning up your yard and planting flowers.
Put in a new, current paint color for the exterior.
For the inside, remove as many traces of the existing family as possible.
Some sellers prefer to rent a small apartment to live in while they sell their homes so they can stage the rooms to attract buyers.
Offer Home Buyer Incentives
With your list of amenities and features that the new construction provides in your area, you can honestly compare new homes and your home.
Are your appliances older or not as high of quality?
Lower the home’s selling price or upgrade the appliances and fixtures.
If you don’t want to shell out a bunch of cash and time to make serious home improvements before you list your home, consider offering to cover closing costs or provide money for the buyer to make their upgrades.
According to the National Association of Realtors, home sales rose 2 percent in July, the highest in eight years.
You know you can join those ranks by making the offer a little sweeter for your buyers.
Selling your home shouldn’t be scary, no matter how beautiful those newly-built homes seem.
You can sell your home in no time by researching, adjusting your expectations, putting your home in its best condition, and making your offer appealing to buyers.
The post How to Sell An Old Home in a New Community appeared first on Housing Market.