Tucked between the Milwaukee River and Lake Michigan, Shorewood is a community-oriented village known for its quaint, idyllic atmosphere and charming homes. The village has been voted as one of the best places to live in Wisconsin, attracting both young professionals and families eager to settle in a small community that is not only peaceful but also walkable and bike-friendly.
Shorewood homes are selling for 57.3% more than they did in 2021, meaning that now is the perfect time to sell your property for top value. If you’re preparing to sell in the coming months, here are six useful tips to help you turn a higher profit.
1. Hire an experienced, top-rated real estate agent
Real estate agents are equipped with the skills and knowledge to successfully sell your home for higher prices. Not only are they experienced negotiators, but they also have access to realtor-exclusive networks that allow them to market your property far more effectively than if you were to attempt to sell it on your own. Agents also smoothen and quicken the selling process with their expertise, capable of optimizing a strategy to sell your home for the highest value possible. They know what buyers want and look for in a house. They’ll know how to help you ensure your home meets those expectations.
Hiring an experienced real estate agent with favorable reviews is a worthwhile investment. They will make the process far less stressful, and also ensure you turn the highest profit on your property. Your success is their success; you will always be in good hands with an agent.
2. Learn and understand the local market
One of the most important steps to marketing and selling a property is knowing when it’s the optimal time to sell. Work with your real estate agent to learn and understand the local market trends. For example, Shorewood is a seller’s market as of July 2022, meaning that homes are selling for higher rates than usual because there are more buyers than there are properties available. This uneven ratio makes for a highly competitive market among buyers, but a highly profitable one among sellers.
Trends are subject to change, making it essential for you to keep up with the market. Fortunately, your realtor should always be up-to-date with the market and its changing trends.
3. Schedule a pre-listing inspection
A pre-listing inspection is a sure and easy way to determine what your home needs in regard to repairs and renovations. Scheduling an inspection ahead of time allows you to pinpoint any problems before you even put up a listing. Once you know what your home needs, you can perform the necessary repairs, increasing your credibility as a seller because you’re demonstrating that you care about the condition of your property. Buyers are more likely to be attracted to well-kept properties that need very few repairs.
Since buyers are likely to schedule their own home inspections, having a pre-listing report ready lets you be upfront about the property without wasting additional time. Buyers can even compare their results with yours, improving their trust and cooperability with you. It never hurts to be open and communicative about your property and what it needs.
4. Prepare your home for photos and tours
Presentation is indeed everything, and first impressions have a strong psychological effect on buyers. Prepare your home for success by deep cleaning and decluttering the space, and then hiring a professional home stager to arrange the interior. Your real estate agent might even have a staging license of their own, saving you the hassle of hiring another person. Staging essentially transforms the interior into an attractive space that showcases your property in the best possible light. It even gives buyers a chance to envision themselves living in the space while participating in home tours.
You’ll also want to stage your home before you take and upload any photos. A properly staged home can produce beautiful, flattering photos that appeal to buyers as they browse listings online. Consider investing in a professional home photographer to ensure you receive the best photos for your property. You want your photos to allure buyers and make a good impression of what your home has to offer at a glance.
5. Market and generate exposure for your listing
The number one way to increase the likelihood of receiving multiple offers is to generate exposure for your property. Your agent should have a solid marketing strategy that involves traditional and non-traditional forms of advertisement, such as newspaper ads and realty websites, but you can perform some marketing of your own. Talk about your listing to people you know. Share the listing on your social media. Spread the news through every outlet you can manage.
The more people who know about your listing, the broader audience you’ll reach. Maximizing exposure will increase the likelihood of your listing receiving multiple competitive offers, especially in a seller’s market. There aren’t enough Shorewood homes for sale to meet buyer demand, so your property is sure to draw the attention of buyers eager to finally purchase their own home in a desirable community.
6. Set offer deadlines for buyers
In a competitive market, setting a deadline is a simple method used to attract higher bids. Deadlines demonstrate to buyers that you’re serious about selling your property soon and that you’re not likely to spend too much time negotiating offers. Increasing the pressure on buyers through deadlines will encourage them to make higher offers in an attempt to outbid each other. They don’t want to risk the chance of losing to another buyer, after all, and a deadline is sure to raise the stakes. You can consult your agent on the best day to set a deadline in accordance with current Shorewood real estate trends.
Now is the best time to sell your Shorewood home, but don’t delay. Reach out to an experienced local real estate agent like Karine Sewart of the Sewart Group if you want a top agent to help you sell for top value. She has over 13 years of experience and is dedicated to providing the best service to her clients. You want someone like Karine on your team. Connect with her today!
