If you are like many homeowners, you certainly love your home — especially if it’s located in sunny South Florida.
However, at some point, you may need to put the home up for sale. You could be facing foreclosure, looking to downsize or upsize, or even staring at a nasty divorce and the property is a stark reminder of your marital troubles.
Regardless of the reason behind the decision to sell, all home sellers have one objective — make a profit.
In this article, we are sharing 5 tips to help you cash out big on your Florida home. Read on!
1. Know Your Market
A common mistake sellers make is slapping a price on their property without studying local market trends. Perhaps you are in a hurry to find a buyer, or you think doing some market research will cost you more time and money.
If you do this, you risk underpricing or overpricing the home. Underpricing means you won’t get maximum profit from the sale, and overpricing means the home will sit on the market for months.
To avoid this, know your market — South Florida in this case.
What’s the price of similar homes on the market? What are local realtors forecasting? Are prices likely to go up or down in the near future? If forecast to go up, stay put. If the future looks bleak, cash out now.
2. Get a Property Appraisal
Even after studying the local market, it’s still unlikely that you will value your property accurately unless you’re a residential property appraiser.
As a savvy home seller, don’t let property appraisal fees get in the way of your savviness. Hire an experienced local appraiser to put the correct price tag on that property.
Plus, many potential buyers will ask to see the appraisal report.
3. Prepare the Home for the Market
You’ve probably heard this piece of advice from real estate experts and novices alike: physically prepare the home for sale.
This involves giving it a thorough wash, touching up the paint, taking care of the landscaping, etc. You know, doing everything you can to make the property visually appealing.
In real estate, as in human relationships, first impressions matter.
4. Get Your Marketing Spot On
Your Florida home might be one of a kind, complete with outdoor kitchens and indoor pools, but if you don’t up your marketing game, nobody will know it exists.
Start by taking high definition pictures and even 360 videos of the home. The reason for this is simple. Real estate listings with a video receive a staggering 403 percent more inquiries than those without.
Next, put the details of the property on local and national real estate listing. You can also give social media marketing, especially on Facebook and Instagram.
Then, sit back and wait for calls!
5. Get a Cash Buyer and Cash Out Hassle Free
Not in the mood to implement all those steps?
We get it. Selling a property, even in a hot market, can be a real pain in the ass. That’s why home cash buyers exist.
At BiggerEquity, we buy homes for cash. With us, you don’t have to worry about the condition of your Florida home. Whether it’s distressed or high-end, we will buy it, because, well, we have the cash!
Like this option? Give us a call and let’s get that property off your hands.