New Year’s Resolutions for Home Sellers

First and foremost, I want to wish everyone a happy New Year as we take our first steps into 2023. If you’re considering selling your home this year, it may be a good idea to set some resolutions targeted at preparing your home for the market. Whether it’s a simple spring cleaning, repairs, or renovations, it’s best to get everything prioritized now to allow for a smooth organized listing.

When it comes to “Spring Cleaning,” I never suggest waiting until spring. Start now by first decluttering and then depersonalizing so you have a clean slate to work with. Throwing things away or donating items you no longer have use for isn’t always easy. There’s often that “what if” in the back of your mind that keeps you holding on. Ask a friend or family member to help you with this part. If you find yourself defending an item, and they can’t agree with your reasoning, it may be time to let go. Some items may be easier to part ways with if you sell on popular sites like Craigslist or eBay to recoup some of the cost. Your trash may be someone else’s treasure!  The more space you can create, the easier it will be for you and others to see all the potential the room has to offer.

Before you start spending money on renovations or upgrades, do your research or consult with a professional. Make sure the upgrades you’re wanting will add actual value to your home. Sometimes what you think adds value to your home doesn’t always match up with the buyer’s, or more importantly, the appraiser’s opinion. Also, keep in mind that the value added may not equate to the amount you spend. So, before you spend $20,000 on that deck for the home you’re about to sell, think it through and consider your options.

While you’re considering the renovations, start tackling the neglected pesky repairs around the house. If there’s any chance the repairs are above your pay grade or experience, hire a professional handyman to come out and complete the job correctly the first time. Be sure to patch any holes, touch up paint, trim, doors, and anything a potential buyer may see as a reason for offering you a lower price. Pay close attention to your front door and the exterior trim where the first impression is made. If you plan on listing with a real estate agent, ask them to come by for a tour and give you a punch list of what they think needs addressed before listing.

If you intend on listing with a real estate agent, now is a good time to start interviewing potential REALTORS®. Hiring a real estate agent is critical to your success and relieves you from the stress that comes with the process of selling. Take the time to interview several agents and choose whom you feel is the best match for your needs. Take it step-by-step, to prevent yourself from becoming overwhelmed. Start early, prioritize, and stay organized.

I wish you all success in 2023. I hope your resolutions are met with ease, you stay humble throughout your upturns, and you learn throughout your downturns. Until next week!

Eve Leombruno, 2023 MBOR President