4 Steps to Fetch Your House in Corona, CA, a Higher Price on Market

Ever wonder why similar houses in the same neighborhood can fetch varying prices? Not just by a small margin either, but a difference of thousands of dollars in some cases?

The answer can be one of many things – the house’s condition, whether your home is in line with the recent trends, your pricing strategy, and more. So, if you want to fetch top dollar for your home in Corona, CA, here are the steps you should take to ensure it.

Use the Right Price Points

First things first, be smart when pricing your home. When homebuyers are hunting for good deals on properties, they think in multiples of $5,000 or $10,000. Keep that in mind when setting a sale price for your house. For instance, a price of $223,900 will attract almost the same number of buyers as $225,000.

Another good practice is to use range pricing. Create a two-point range based on the following criteria:

• Higher price point: price at which you would instantly sell
• Lower price point: price at which you can start the negotiations for a better price

For instance, instead of listing your house at exactly $223,000, you could display a price range from $222,000 to $225,000.

Both these techniques will help you get multiple offers. So, you will be free to negotiate confidently and settle only for the best available offer.

Pick the Right Time of the Year

According to an estimate by Homelight, the best time to sell a house in Corona, CA, is the month of September. Their analysis shows that homes sold in September fetch 4.07% higher prices than homes sold throughout the year.

It takes an average of 3 months to sell a house after listing. So, to get the best price for your home, you should list your home in June.

However, sellers may not always have the luxury to time their sale. They may have to move for work, need cash for a family emergency, or have other reasons to sell quickly. In such a case, it is best to consult your real estate agent and find the best time to put your house on the market. This brings us to our next point.

Hire an Experienced Realtor

A seasoned real estate agent can bring you thousands of dollars more for your property by helping you pick the right time to sell and suggesting the changes your house needs to fetch the best price. They also give you access to many homebuyers and other realtors, which you couldn’t access before.

Listen to your realtor if you want the best price for your house in Corona, CA. Ask them what home improvements you can do to fetch a higher price. While you respect the realtor’s advice, ensure you hire a realtor who listens to your suggestions. Ask them about their marketing plan for your home and if they can include high-resolution photographs and virtual maps with your listing.

Invest in Value-Adding Improvements

According to an estimate, home improvements provide an RoI of 70% or more.

Every home improvement might have a positive impact on the value of a home. However, the improvement cost is not always proportional to its impact on the house’s selling price. Homeowners must find the right balance between the cost of an improvement and the premium it fetches on the home price.

Homebuyers prioritize bathrooms and kitchen remodels in housing markets like Corona, CA. They can fetch you returns as high as 100%. Exterior improvements like installing new roofing, windows, and siding can improve the home’s energy efficiency and add to its curb appeal. Such enhancements can get you an 80% return on investment. Completing a basement remodel can get you $700 over every $1000 you spend, which is a 70% return.

Generally, with every home, there’s some potential to make improvements that result in higher than 100% ROI. That’s why there’s an entire house-flipping market out there. All they do is buy houses for cheap, make home improvements, and sell at a premium. Your realtor can help you identify improvements that can work their magic for you too.

Never Underestimate the Curb Appeal

First impressions matter, whether it’s in personal relationships or open house tours. You don’t even have to give your house a complete makeover. Tidy it up, declutter it, mow the lawn, place some easy-to-maintain potted plants along the walk from the driveway to the door, and keep the place clean. It does not cost you much to do any of these things.

You might have to go on a full beautification drive only if you are selling an upmarket house and are looking for a premium price. In such cases, your realtor should be able to advise you on how to present your home to fetch the price you desire.

Closing Words

Most real estate properties do not fetch their listing prices. That doesn’t mean they all sell at a discount. Some properties sell above their listing prices too! Not many people know that.

Real estate transactions involve a lot of steps. Between listing your property and closing the deal, there’s plenty of room for smart home improvements, negotiations, and the realtor’s magic. The right choices can fetch your property offers beyond your expectations and vice versa.

To learn more about what a Corona Realtor can do to increase your property’s selling price, call me @ (714) 287-0669, or email me @ [email protected].