Ezra Beyman, Chairman of Empire National Holdings, On Home Price

Your home likely is one of your largest assets, so you understandably want to get top dollar when the time comes to sell it. While your real estate agent may have advised you about a reasonable list price based on current market factors, the reality is that a buyer may offer any price they desire for your home. You can turn down lowball offers, but the ideal scenario is to receive a fair price on your home as soon as possible.

In order to sell your home quickly and for a fair price, you need to put yourself in a buyer’s shoes. A buyer will actively compare your home against other listings in the area that are similar in terms of size, condition and layout. Many buyers are cost-conscious and will look for the best deal on a home that meets their needs, but many are also focused on a home’s condition and style. Your home does not have to be in perfect or like-new condition. Instead, it simply needs to be one of the best options available. As your listing remains active, pay attention to the new listings that become available. Your competition will change regularly.

When a buyer tours your home, he or she generally is looking for a space that they can feel comfortable in. They want to envision themselves living in the space. You can facilitate this by removing all personal items from view, including family portraits, religious icons, sports trophies and more. Your home may feel impersonal and almost like a hotel or model home after you take this step, but it is advantageous when listing your home for sale. Many buyers may be turned off if they see a growing list of to-do items as they walk through your home. While it is not reasonable to restore your home to like-new condition, you may be able to erase obvious signs of wear. You also may remove décor that lacks broad appeal. For example, you may revert your infant’s pink bedroom walls to a neutral paint color.

Even when you apply these tips to your efforts, understand that the amount of time that it takes for you to receive an offer and the fairness of that offer will vary based on many other factors as well. The most significant of these factors is market conditions in your area. Your real estate agent may provide you with more specific information about local market conditions during a consultation.

About Ezra Beyman

Ezra Beyman is an experienced professional who works in the real estate and home insurance industries. Ezra Beyman serves as the founder and chairman of Empire National Holdings. Ezra Beyman is based out of New York City. Ezra enjoys working in and providing for the city that has given him so much. He respects and cares deeply for his community.