How to Prepare Your Home to be Sold

home for saleFor homeowners planning to sell their Chicago home this year, now is the time to begin making preparations. It can take time to research the local market, perform maintenance or repairs and get a home in top selling condition.
A recent article on the Equifax Finance Blog, “Tips for Selling Your Home in 2015,” explains the top two things homeowners need to do before listing their home for sale.
The first step is to ensure the home is priced appropriately. It’s important to use data from the local neighborhood. A real estate agent should be able to get the data from the multiple listing service, and many online listing sites provide monthly data reports for various markets.
The major pieces of information to review from this data are year-over-year prices, which will give a good indication of where the market is headed, as well as inventory amounts and the amount of time homes are on the market.
It’s also important to have an agent perform a competitive market analysis on the area. This is the best tool to use when deciding on a list price for a home. It’s important for homeowners to keep in mind that once the home is listed on the market, it’s difficult to raise the price while dropping the price is a great way to generate interest in the home.
The next step is to prepare the home for showing. Removing clutter and personal items will help the home appeal to more buyers. Performing routine maintenance or repairs on the home can also help it appeal to buyers.
To learn more about preparing your home in Chicago to be listed on the market, read the full article on the Equifax Finance Blog.