1. A home is worth what a purchaser is willing to spend.

You may think all the time and effort you have put into your home before listing it, even what you paid for it previously, makes it worth a certain cost. Even an appraiser may come in before you list and say it’s worth close to a cost you like. But at the end of the day, it is only worth what a buyer is willing to pay for it. They may think your upgrades don’t match up with the asking amount. It may be that the home does need renovations and the asking cost is too much to justify buying it and immediately pouring more money into it. A buyer would rather purchase a home at 80 million Naira, put 5 million Naira into it, and have it be worth 100 million Naira instead of buying a home at 100 million Naira that needs the same work of the 80 million Naira home. Nigeria Housing and Real Estate Summit and Expo helps to put a light on these and enlighten participants in partnership Real Estate Industry Experts

2. Upgrades may not increase the value, but they’ll increase the chances of getting it sold.

It’s normal to think or hope that you’ll get back every money spent on a home renovation. Unfortunately, in most cases you really only receive back a percentage of what you spent (or sometimes no hike in value at all). Different home improvements generally offer different returns, and that amount can vary depending on the area that you live in. Other factors include quality of craftsmanship and the personal taste of shoppers. Nigeria Housing and Real Estate Summit and Expo helps to put a light on these and enlighten participants in partnership Real Estate Industry Experts

3. Cleanliness is godliness.

No house is ever going to be 100% wonderful, but it is important to make an effort to keep your home as clean as possible during listing photos and showings. You want potential shoppers to remember what they love about the home after they leave, not talking about how much of a mess your home was instead. Nigeria Housing and Real Estate Summit and Expo helps to put a light on these and enlighten participants in partnership Real Estate Industry Experts

4. Make a Great first impression.

We all know what they say about first impressions. It’s hard for someone to change their mind after a bad first impression. Take a look at the front of your home. As a stranger, would you buy it? Just in case you’re biased, look next door. What about your neighbor’s home? Would you buy theirs? If no, imagine if they made it more presentable. Then would you buy it? Yes? Remove the toys littered from the front yard. Hide the trash cans and recycling bin. Clear the grasses, especially before your professional pictures are taken! But continue to maintain the lawn for showings, and for the chance that someone might just drive by and notice the for sale sign in your yard. If you have shutters, make sure they’re all still attached and if needed, slap a fresh coat of paint on them. And don’t forget to pressure wash! Nigeria Housing and Real Estate Summit and Expo helps to put a light on these and enlighten participants in partnership Real Estate Industry Experts

5. Do away with Pet odor and clutters.

Just because we love our furry friends, doesn’t mean that everyone does. It’s hard to erase every piece of evidence that they exist in your home. No matter how many times you vacuum, there will be pet hair that you miss. Just make an effort. And if you can, hide their bedding and food bowls. Pet odor is extremely hard to hide, especially if you have a puppy learning how to be potty trained or a senile dog with a bladder problem. It might be worth your while to replace your flooring, or offer a flooring allowance in the deal. For now, stick a few air wicks in each room. Nigeria Housing and Real Estate Summit and Expo helps to put a light on these and enlighten participants in partnership Real Estate Industry Experts

6. Neutral paint and decor appeals to many.

Get rid of those dark colors and bright purple accent walls now! That will stick out like a sore thumb in your listing photos before a potential buyer even schedules a showing of your home. The first thought going through their mind is, “How many coats of paint is it going to take to cover up that hideous color?!” Neutral is in. Neutral is always the best. As for decor, minimal is best. Go ahead and pack any extra decor that is unnecessary while you are trying to sell. Nigeria Housing and Real Estate Summit and Expo helps to put a light on these and enlighten participants in partnership Real Estate Industry Experts

7. Cheap fixes produces cheap offers.

If you can’t afford to update the whole house, then don’t start it. Trying to cover everything will result in cheap updates that the potential buyer will most likely want to have redone. If nothing else, as stated above, at least paint. A fresh coat of paint in the whole house, as long it’s a natural color, is never wasted money. Nigeria Housing and Real Estate Summit and Expo helps to put a light on these and enlighten participants in partnership Real Estate Industry Experts

8. Everything is negotiable.

Seriously. Everything is negotiable. While the refrigerator seems to be the biggest thing that buyers want or sellers note that it can convey with an acceptable offer, many other items have been negotiated. Blinds, curtain rods, curtains, furniture, even tractors. However, it is very important to make sure negotiations are done right and documented correctly in the contract. Nigeria Housing and Real Estate Summit and Expo helps to put a light on these and enlighten participants in partnership Real Estate Industry Experts

9. Time is of the essence.

Because we’re in a seller’s market, it is the perfect time for you to list your home if you’ve been considering it. Homes can barely be put on the market before there is a contract put on them. This being said, time is of the essence for buyers. If you fall in love with a house, you need to put an offer in now, and a good one at that. There’s no time to waste going home and talking about it or sleeping on it. That home might not still be on the market tomorrow. Nigeria Housing and Real Estate Summit and Expo helps to put a light on these and enlighten participants in partnership Real Estate Industry Experts

10. Location! Location!! Location!!!

Why does location matter so much? For starters, you can’t move a home — at least not easily or inexpensively. When you buy a home in a good location, it’s usually a solid long-term investment. It’s often wise to buy the worst house — a property that could use some TLC (Tender, Loving, Care) — on the best block. Why? Because fixing up a home in a great neighborhood will give you the best return on your investment. Quite simply, it will be easier to sell later on. Conversely, you can buy a beautiful home that doesn’t need any work. But if the block is sketchy or just plain bad, you could have a hard time selling the property at a decent price. Nigeria Housing and Real Estate Summit and Expo helps to put a light on these and enlighten participants in partnership Real Estate Industry Experts


11. When priced right, it will sell.
Although you are in a hurry to sell and price isn’t your main concern, you still need a standard to start marketing your home. One thing’s for certain: Pricing is one of the biggest decisions in the selling process. Set a very high price and you run the risk of turning off potential buyers. It also means your house will not compare favorably with other similarly priced homes. Even worse, buyers may not even see your listing when they search online since they will be using lower cost points. Nigeria Housing and Real Estate Summit and Expo helps to put a light on these and enlighten participants in partnership Real Estate Industry Experts

Nigeria Housing and Real Estate Summit and Expo helps to put a light on these and enlighten participants in partnership Real Estate Industry Experts

Have you been looking for ways to sell your property or make your property stand out in listings? The competition in the market for real estate properties are very high. Here is a list of what you should know about your real estate property.

wow, that's impressive

Well, this post is truly great. I mean, let's be objective and analyze all the points, one by one. The author has pointed out an insane number of real factors. I'm truly stunned by people who still consider that upgrades still increase the price. First of all, it depends on the upgrades that you're making. That's why you have to analyze all the factors, pros, and cons before actually deciding to do anything. If someone doubts investing in real estate, I recommend you to read an article from suredividend.com as that will help you understand what and how to do it.

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