5 Things Homeowners Can Do to Get the Best Price for Their Properties in Boston

Despite differences in taste, style, and address, all homeowners have one thing in common when they decide to sell: they want to get the best price for their properties that they can.

The problem, though, is that they often fail to use the strategies that will help them achieve that goal, and they sometimes do things that are actually counterproductive. It takes a lot more than just setting a high price and hoping you can come close to at sale time.

From staging to closing, there are many ways to get the best price for your property. The important thing is that you’re doing everything you can, and we’re here to help!

When you work with an experienced professional, he or she will be able to help you understand the things that matter most when it comes to selling your home. For example:

  • Do you want to move quickly or hold out for more money?
  • Do you have time constraints that could impact your sale date?
  • Do you need assistance with marketing and advertising?
  • How much of a renovation should you do and at what cost?
  • Is there anything about your home that might be lowering its value, such as old carpeting or outdated kitchen cabinets?
  • An experienced professional will be able to help you determine whether improvements are necessary and help make sure the money spent on them is well spent.

To help you out, then, here are 5 things homeowners can do to get the best price for their properties in Boston.

1. Price Competitively

Pricing competitively is often said to be the most effective marketing tool for Boston homeowners who want to get the best price for their properties. And it very well may be – but it can be a tough job to get it right, especially in a volatile market with properties moving quickly and prices changing daily.

Pricing your property right means, primarily, setting your emotions aside and pricing according to market value. A lot of sellers think their property is worth more than it really is and price it too high, which will be detrimental to your sale. Others price too low thinking they can negotiate a better price once they’ve got some buyers interested. 

Your best pricing tool, then, is a comparative market analysis performed by an experienced local agent. At NextHome Titletown Real Estate, we perform these all the time.

When it comes to listing your home for sale, there’s a lot to think about. You want to make the most money, but you also want to attract buyers and sell your home quickly. A good agent can help you get the best price for your property—and give you an accurate idea of market value by completing a Comparative Market Analysis (CMA).

What is a Comparative Market Analysis?

A CMA is a report that details comparable properties that have sold and are currently on the market in your area. This will allow you to accurately assess what your home would be worth on today’s market, given the pricing of similar properties, so you can figure out how much profit you’d make from selling it.

To discover more, contact a Boston agent at (617) 657-9811.

2. Make the Essential Repairs

Homeowners who want to get the best price for their properties in Boston should make essential repairs, but avoid costly major renovations that won’t yield a good return on the investment. And this should probably begin with sellers having their own inspection done to find out what needs attention, what repairs to make.

Making sure that you have all the information about comparable properties in your area will also help you set an appropriate asking price for your home. In addition, hiring an agent with experience selling homes in your area can give you a good idea of what price will get you the best offer for your property.

In every situation, making sure that all systems are functioning properly (like roofs, sprinklers, heating/air conditioning systems) will help make sure that your home looks its best and attracts buyers sooner rather than later!

Being able to make necessary repairs in advance can also expedite the closing process.When negotiating with a buyer, owners should assess the value of their home and be sure to keep track of any improvements they’ve made. A comprehensive list of recent renovations or updates can be included in the listing to provide a comparison point for prospective purchasers.

3. Work on the Curb Appeal

Homeowners seeking to get the best price for their properties in Boston have to make a great first impression. And that critical first impression begins with curb appeal. It’s important because curb appeal makes buyers want to go inside and see more.

“You only get one chance to make a first impression, and making inexpensive cosmetic improvements to the outside of your home can have an outsize impact. Curb appeal is so important when selling a home.” Enhancing curb appeal adds perceived value, which often means a better price.

4. Negotiate the Best Offer

Then, of course, homeowners need to negotiate the best price for their properties, as well as negotiating the best offer, which goes beyond mere price. Most sellers will need to lean on their agent’s expertise here.

If you’re a homeowner looking to sell your property, one way to get the best deal is to have multiple buyers vying for it. This will increase competition, which can drive up the price that potential buyers are willing to pay.

When you’re ready to list your home, it’s important to work with a real estate agent that has experience with this kind of negotiation. They can reach out to interested parties and ask if they would like to submit their best and final offers — which will hopefully be a little bit higher than their initial bid.

It’s also important to understand that the highest offer price may not always be the best deal. As a seller, you should pay attention to the contingencies that are included in the offer. Contingencies protect the buyer by allowing them to back out of the deal under specific circumstances.

To find out more about negotiating the best offer, consult a Boston agent at (617) 657-9811.

5. Work With a Local Boston Agent

As we’ve indicated throughout, one of the best things homeowners can do to get the best price for their properties is to work with an experienced local agent.

The average homeowner may buy or sell a house only a few times in their lifetime. So unless you’re a real estate professional or investor, you’ll likely benefit from professional help and guidance to get the most out of your home’s sale.

And with changes happening much faster than normal, it’s even more important to work with someone who has their finger on the pulse of a given community’s real estate market.

A good agent is more than just a real estate professional who can find buyers and draw up contracts. The right agent is more like a partner and coach who guide you in making better selling decisions that can result in a better price. So if you’re one of the homeowners who want to get the best price for their properties in Boston, contact us today at (617) 657-9811.


Boston and Beyond – Just Hit the Market!

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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third-party sources, including sellers, lessors, landlords, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, noncommercial use of consumers having a good faith interest in purchasing, leasing, or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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