Tips to Sell Your Luxury Home Faster in Boca Raton

Refresh, Regroup, Remodel Keys to Selling Your Home in Today’s Market

While the pricing for luxury homes and condos may be going up, and the inventory slowly increasing, the sales are going down leaving more of a buyer’s market. However, as the prices continue to rise along with the inventory, so does the longevity for a listing. You can expect to see many of the luxury single-family and condos on the market longer than 180-days due to the influx of the market. However, we’ve got a few tips and tricks to help you sell your home sooner by refreshing, regrouping and remodeling. In today’s luxury market, we need all the ammo we can get to sell faster. Read on to learn more.

Tip 1: Pay Attention to Your Bathroom for a Faster Home Sale

Whether you’re looking for inexpensive ways to spruce up your curb appeal or you need to renovate your kitchen or bathroom, these types of improvements can also increase your chances of selling sooner than later. One big mistake you'll find that requires an easy fix is in the bathroom. Buyers comment to their realtors after a showing telling them what they like, dislike. One significant mistake sellers experience is located in the most private room in the house. The bathroom can be a big turn off for potential buyers when they witness, dirt, debris or unusual items in the bathroom. Be sure to clean these areas and remove any unique items such as suggestive artwork, or even stranger. If you’re a smoker and enjoy something more than your butt on the toilet, be sure to remove any ashtrays and “de-funk” the smell of tobacco. Something this simple can result in a massive outcome for your real estate sale. Most realtors will give you plenty of time to prepare for a showing, but in the event, you’re concerned, prep the bathroom ahead of time and you might see a sooner chance of escrow.

Tip 2: Stage Your Living Room to Appeal to Buyers

In most cases, buyers prefer neutral colors, without patterns and clutter. If you find your home isn’t getting bids, look at the living room area and ask your realtor what appeals to today’s homeowners. Staging this area doesn’t mean buying all new furniture, it can sometimes be as simple as removing clutter and creating a focal point to attract more applicants. If the demand in your area leans toward more contemporary interior design and you have your mother n law’s flowered couch, you may be turning off potential buyers. Remove any outdated furniture, add fresh flowers and light neutral colors to make the space more appealing. The living room is often the spot where potential buyers discuss and negotiate, why not make it the most livable space in the entire estate?

Tip 3: Pre-Inspections is a Must

Pre-inspections can help make you and the buyer aware of current issues your home may have before selling. By learning these items pre-selling, you will know what things you can fix before your realtor lists the property. Also, the repairs may help create more value. For instance, if you are opt-in for impact storm windows, you and your realtor can use this as a selling ‘hot button’ for the next buyers. Also, if you have leaking faucets, broken cupboard doors, and chipped flooring or tiles, your potential buyer may be thinking about the cost of repair more than the cost of ownership. Get a pre-inspection done before listing and talk over inspector’s finds with your agent to ensure you aren’t spending additional money before you list.

Tip 4: Appeal to Millennial Home Buyers

Millennials are cornering some significant areas of the real estate market. That includes waterfront condominiums. While it may seem, Boca Raton was once a retirement community the city has gone through a renaissance creating a more attractive location for buyers of all ages. However, many of the realtors in the luxury category may not even think of the younger generation as having potential. The demographic shows this generation as being big income earners in fields such as software and gaming development to nursing. No matter what their profession, they want the ability to choose where they live, and some enjoy the opportunity of beachfront property as anyone else. The trick here remains on your agent’s shoulders. However, let your professional realtor know you’re open to selling to the younger crowd if they qualify.

Tip 5: Clean Your Front Yard

Your home’s curb appeal sets the pace for your buyers. Doing things like painting your front door or planting some flowers and conducting light landscaping can help increase your chances of a home sale. Bear in mind this time of year brings a string of tropical storms where the wind blows in debris creating a mess for home sellers. Take a bit of time to ensure the yard and front of the home is clean and well-manicured. Painting the front door is a trick you can’t afford to use. Daily use of screen doors, entryways and vestibules become scarred and marred lacking in luster. A fresh coat of paint, repairing screens and ensuring fixtures are intact can increase your chances of customers putting up a bid. Don’t neglect this trick and you’ll find your chances of selling will increase.

Tip 6: Sell at Market Value

This trick is one that will require the assistance of your real estate professional and possibly an appraiser. You’ll want to request the market value of your property along with comps to ensure you’re not asking over or under market value. Comparable homes that sold in your area is an excellent way to gauge your requested pricing. Your agent will have the intel to guide you with this process and most likely already knows what the going rate is on luxury properties in Boca Raton. However, if you’re asking the wrong amount, your asking price won’t be as refreshing as your buyers may want. Be sure to discuss the market value with your agent or broker to learn what is appropriate and if an appraisal is necessary pre-escrow.

From painting the front door to asking a competitive price can all help you sell your home faster without as many headaches. By taking a little time to regroup, refresh and remodel puts you in a strategic alliance for the buyer as well as you “the seller.” Contact our offices today to learn more about selling your home in Boca Raton.