We’ve been asked quite a few times if there is any possibility of saving money when selling a house. So, we are here today with a definite answer. You must be already aware of the fact that putting a house on the market is a crucial step in every property owner’s life, especially when they’re juggling between selling their home and looking for another one. Sometimes, doing it all by yourself might not be a good idea, but it is common knowledge that you end up saving a lot of your hard-earned money by attempting such do-it-yourself projects and taking care of some general home repairs.
In this regard, many homeowners rightfully feel obligated to make affordable upgrades to their homes before putting up the house-for-sale sign. Better yet, many such homeowners take it upon themselves to perform small repairs and renovations to the house since they want to feel the pride that comes with successfully completing DIY projects.
If you’re a do-it-yourself kind of person and want to sell your home on your own, then our simple guide on saving money when selling your house will definitely help you out!
Useful Tips for Saving Money When Selling a House
Frankly speaking, saving money while selling a house is a fairly simple objective to achieve, much like booking a vacation or filing taxes. The only thing required is putting your mind to it. However, there are a few crucial steps in this regard, including the process of putting the house on the market and making the most of the available resources, particularly online property portals. The rest comprises little upgrades and setting the right price. So, to give you a better understanding of how to save money when selling your house, here are a few things you should consider:
We’ve been asked quite a few times if there is any possibility of saving money when selling a house. So, we are here today with a definite answer. You must be already aware of the fact that putting a house on the market is a crucial step in every property owner’s life, especially when they’re juggling between selling their home and looking for another one. Sometimes, doing it all by yourself might not be a good idea, but it is common knowledge that you end up saving a lot of your hard-earned money by attempting such do-it-yourself projects and taking care of some general home repairs.
In this regard, many homeowners rightfully feel obligated to make affordable upgrades to their homes before putting up the house-for-sale sign. Better yet, many such homeowners take it upon themselves to perform small repairs and renovations to the house since they want to feel the pride that comes with successfully completing DIY projects.
If you’re a do-it-yourself kind of person and want to sell your home on your own, then our simple guide on saving money when selling a house will definitely help you out!
- Putting a House on the Market
- Eliminating the Need of the Traditional Third Party
- Updating and Replacing Fixtures
- Showcase the House as a Promising & Loveable Space
- Tag the Right Price for Your Abode
- Publish an Attractive Residential Scenario
- Prepare the Right Documentation to Seal the Deal
Putting a House on the Market
Over the last few years, Pakistan has seen exponential growth in consumer-business interactions due to the significantly increasing trend of e-commerce and social media, and this has also resulted in almost over a third of homeowners selling their houses either entirely on their own or with limited support from third-party professionals. Technology has enabled consumers to not only carry out a better search for the products of their need and compare their prices, but it has also empowered sellers to reach more consumers virtually. This has resulted in greater efficiency for sellers and added savings for buyers. In today’s hyper-connected world, about 90 percent of buyers look for houses online, out of which 45 percent eventually acquire their new home without relying on anyone. You can also carry out these transactions easily with the help of our comprehensive guide for first-time home sellers and sell your property without any additional cost or help.
Eliminating the Need of the Traditional Third Party
While there’s no harm in paying a full-service commission to appoint a traditional, full-service broker to carry out the task of selling your home, however, going with the DIY approach can help you learn some valuable life-long lessons and give you the satisfaction of achieving something big on your own. This is where Zameen.com comes in – a technologically advanced and transparent real estate portal where you can actively detail the features of your house and decide on the type of service that best fits your needs.
Now, to fully experience the immense joy of selling your home on your own, you will first need to familiarise yourself with a few critical steps associated with this course of action. Keeping your convenience at the top of everything else, we’ve compiled the procedure of selling/transferring your property in Pakistan.
Updating and Replacing Fixtures
Taking on major house renovations is ideally not recommended because it will only result in additional costs and eating away some zeros from the grand, final number. As a matter of fact, you should always assess the costs associated with overall home remodelling before financing such a sizeable and expensive endeavour. Minor home improvements such as a door or window installation, applying fresh paint, and revamping lighting fixtures can introduce a major visual appeal to your home at minimal expenses.
Also, it is not uncommon for most homeowners to take it upon themselves to update their homes, little by little. They can begin with adding new bathrooms tiles, then moving on to painting the bedrooms, refinishing kitchen cabinets, or redesigning the living room. These small upgrades can not only help you save money when selling your house, but they will also help you hit the best resale value of your house.
Showcase the House as a Promising & Loveable Space
For most people, purchasing a new home is a very personal experience. Prospective buyers like to visualise themselves in the residential space within your abode. In this regard, a clever hack is to imbue the walls of your home with a fresh coat of neutrally pleasing paint, tidying up surfaces, and disposing of the unwanted items to create a wide and welcoming space. During the sales period, potential buyers may check every nook and cranny of your house, so make sure to organise excess personal belongings and embellishments in a way that maximises and presents the available storage spaces in your house in a larger-than-life way.
Tag the Right Price for Your Abode
Deciding on the price of your home may come across as a daunting task for most people. However, in today’s hyper-connected world, it’s quite convenient for you to find the exact details that traditional realtors utilise to assess the value of a house. You can then decide the right price for your property to attract qualified buyers.
Deciding the right price for your abode might not be a part of tips for selling your house and saving money at the same time but here’s the thing you should know that’s associated with it: according to a general real-estate survey, 97 percent of homes sold for their asking price within five weeks, however, other deciding factors such as the condition and location of the house had a huge role to play in the transaction. So, you must avoid keeping a higher price with the intent of lowering it later because dropping the price several times can result in a less profitable sale.
Moreover, you should visit Zameen.com to find comparable properties and have a look at how they are priced. Doing so will help you understand how your house stands in comparison with the existing properties up for sale and how it competes with them in terms of pricing.
Publish an Attractive Residential Scenario
The inevitable penetration of online shopping into the real estate industry has empowered today’s savvy buyers to look at online listings to find their prospective homes. A potential homebuyer’s attention is entirely dependent on how you best present your house as a prospective dream home for the buyer. Since you have already created memorable moments in the property, you are in the best position of describing them in relation to the property.
Additionally, it is always useful to include more photos of your home from every possible angle, even your wonderful garden-lawn or bustling neighbourhood while also detailing the improvements you’ve made over time. Believe us when we say this, you will immediately attract prospective buyers. Do whatever it takes to sell your house quickly, just don’t let it be on the market for too long.
Prepare the Right Documentation to Seal the Deal
Any individual undertaking the process of selling their house can equip themselves to seal the deal by finding relevant contracts and paperwork on Zameen Forum where they may also get substantial real-estate advice. On the other hand, home-sellers can also talk to our active professional realtors online, who will walk them through the closing process requirements. Furthermore, the emergence of newer and more efficient modes of purchasing and selling within the real estate domain, such as Zameen.com, have empowered sellers with the convenience to work as they prefer, while being financially benefited and offered extensive support.
On top of everything, in today’s day and age, a lot of people feel elated when uploading photos of their new embellishments and self-created projects on social media outlets, especially on Instagram and Pinterest. Who knows your do-it-yourself projects may go viral, and you end up with more offers than you ever imagined!
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