The economic crisis of 2008 had inevitably caused the real estate market to crash, and in countries such as the United States, the aftermath was harsh. Home prices were sliding below a downward spiral as the prices fell to only 50% in the market. It is not surprising that home values have endured the hardships of the financial crisis just like everyone else in the United States.
However, there is still a ray of hope despite home prices falling significantly. Since the beginning of 2011, the Honolulu market has been showing signs of recovery and thus the values of houses have been becoming more stable. The market situation is headed to a more positive direction compared to the last few years. However, we still have to keep in mind the competition, and so sellers still need to do some hard work in order to show the value that is in their property and why the buyers should vouch for it. Here, we have listed some tips that will help you to not only sell your property, but also to get the best prices.
Tip 1: Being informed about Local Housing Market – It is always significant to have good knowledge of the local housing market – the ins and outs and how everything is working out. When you learn more of the average real estate prices around the area, you will have a good insight on how much you can sell your home for.
Tip 2: Getting a Home Inspector – Another helpful tip is hiring a home inspector. These inspectors will help you figure out any problems that need to be fixed before the buyer actually hires one. This method will allow you to not only sell your property at a higher price, but also faster and more efficiently.
Tip 3: Keeping the Home Clean – One of the biggest aspects that buyers look for is the cleanliness of the house, so we recommend that you keep your house as clean as possible. If everything looks all over the place and is dirty, buyers will be less likely to buy your house. Even if they are willing to buy, they would probably pay a lower price. The best advice is to make your house neat and presentable in the market – everything starting from the living room to the bathroom should be shiny and sparkling. It may be hard work, but it pays off.
Tip 4: Renovate the Walls - While this is not compulsory, it may be able to make a huge difference. The amount of money required to paint a house is quite cheap considering the profit that you get from the sale. As a matter of fact, better looking walls sometimes allows you to get a better price when selling the home.
Tip 5: Applying the ‘Curb Appeal’ – One of the most efficient ways to get good home prices is by making room for what is called the ‘curb appeal.’ Many buyers usually look for their first impression of the house from afar while driving by the home. Some extra lighting, landscaping or even some repainting of the front door can be of big help so that it looks beautiful from someone looking at it from outside.
If you use some of the tips that we have given you here, you don’t need to maintain the sale prices that other properties have. Instead, following these tips will give you the best value for your house, despite the financial crisis.
