So you've purchased an investment property in the Memphis, TN area, and now you're ready to sell. What do you do next?
Even in a seller's market, open houses are still important. They can showcase your home to any prospective home buyer in a way that highlights its positive features.
How can open houses get your home sold faster? Here is your ultimate guide to hosting an open house.
Focus on Curb Appeal
The outside of your property is just as important as the inside. If potential buyers come to your open house to see weeds or dingy paint, there is less likelihood they will want to explore the space.
Spruce up the landscaping or work with a landscaping contractor to ensure the front and backyards are pristine. Make sure the paint job is up to date as well.
Adding small touches can bring your home to the next level. For instance, a porch swing or a simple sign will make the house feel more like a home.
Hire a Home Staging Company
A home staging company takes all of the heavy lifting out of your open house. You must include furniture and other belongings in the home when you host an open house.
This will allow potential buyers to envision themselves in the home. It can be difficult to imagine the space when there are nothing but empty rooms.
Home staging companies are great if you want to move your furniture out of the home quickly. You can focus on selling the house, and interested buyers do not have to see your personal belongings everywhere.
Research the Housing Market
Look at houses in your area to see how other sellers are marketing their properties. You can also get a feel for who your target buyer will be.
For instance, if your property is in one of Memphis's better neighborhoods, then it will likely attract buyers with more to spend.
You can also get a good idea of how long your house will be on the market. Real estate websites provide time frames for how long listings have been active.
Make an Event Schedule
If your property is a hot commodity, an event schedule may be necessary to accommodate everyone who is interested. You don't want to pack too many people into one open house.
Create an event schedule and make sure it is included on any real estate listing sites or ads. You will also be opening up the listing to more potential buyers, giving them multiple opportunities to view the home.
Perfect Your Open Houses
The housing market in Memphis doesn't have to be intimidating. With the right strategy, you can easily sell your investment properties and turn a profit.
Consider working with PMI of Memphis for your open houses. With over a century of combined experience in property management, we're here to partner with you for all of your real estate needs.
Ready to get started with the process of selling your home? Take a look around our website, or contact us today.
