Almost everywhere in America, the real estate market is booming, and this includes Nevada. Right now is a fantastic time to sell your house or commercial building to capitalize on the current market. You stand to make tens of thousands of dollars more for property, if not more.
Of course, if you want to get as much as possible for your real estate in Las Vegas, it helps to know what you’re doing. If you don’t, you could end up walking away with tons of money on the table. Leave the gambling to the Bellagio and the MGM.
We’re here to walk you through the process of selling your Las Vegas property the right way. Keep reading for five important tips to make sure you get the best price with minimal hassle.
1. Get an Inspection and Decide What Renovations to Make
Before listing your real estate in Las Vegas, it’s important to understand the ins and outs of your property. Are there any major damages or potential issues? Is everything up-to-date?
Most property owners don’t have the experience or know-how to properly assess their property’s condition. As such, we highly recommend working with a professional property inspector to identify any concerning issues.
They’ll take a look at the major components of your property, such as:
- The roof
- The foundation
- Structural integrity
They’ll also keep an eye out for things that can devalue your property like water damage, mold, pests, negative drainage, leaks, and more. Some damages will make it difficult to sell the property. Most lenders won’t back an offer on a property if there’s lead paint, existing water damage, serious mold growth, roof issues, or foundation issues.
After your inspection, decide which repairs and renovations are worth investing in. If you want to sell your property traditionally, some repairs might be unavoidable. Additionally, every issue raised on the inspection report gives the buyer leverage to lower their offer.
2. Hire an Experienced Las Vegas Realtor
Studies show that homes sold through real estate agents typically sell for $25K more. This is because realtors have experience and expertise in the real estate market, not to mention valuable contacts. They can help you list your property for maximum exposure.
Just as importantly, they will help you present your home in a way that’s appealing to buyers. This includes the listing details as well as the property itself.
Selling real estate in Las Vegas is often easier than selling it by yourself because they have close ties with other agents. They probably know several agents in the area who have clients looking to buy a property like yours.
Finally, real estate agents have spent years in the industry learning vital negotiation skills. They know how to attract buyers and create a sense of urgency with a listing. They’ll make sure you get as much money as possible for your home or commercial property.
3. Identify the Value of Your Property
With the help of your agent, figure out how much money your real estate in Las Vegas is worth. They can help you perform a comparative market analysis. These comps will compare and contrast your property to others in the area that have sold recently.
You can also use websites like Zillow to get a rough online estimate. Although, online estimates are dated and don’t always reflect a property’s value accurately. They may not account for recent renovations or additions to the property.
Ultimately, we suggest hiring an official appraiser to assess the property’s current market value. They’ll inspect the property in person to come up with the most accurate price. Keep in mind that by asking more for the property than what it’s appraised for, you will have a difficult time selling it to buyers.
4. Prepare the Property for Walkthroughs
Assuming you’re selling your real estate in Las Vegas traditionally, the next step is prepping the property for buyer walkthroughs and open houses. There are multiple things you can do here.
At this point, you should have already made any renovations or cosmetic repairs to the property. Now it’s time to focus on cleaning and boosting curb appeal.
Deep clean the property from top to bottom. If you don’t have the time or desire to do this work yourself, hire a cleaning company to do it for you. Presentation is everything and buyers will run away from a dirty, smelly, or cluttered property.
Make sure the exterior of the property looks good as well. Boost your curb appeal by keeping grass, trees, and all other forms of vegetation neatly trimmed. If your exterior paint is faded or peeling, put on a fresh coat.
You want to present your real estate in Las Vegas as the best property in the area.
5. Understand Your Options
Finally, we understand that the traditional method isn’t the only way to sell real estate. For some people, it’s not even an option.
For example, did you know that the average home seller spends over $21,000 prepping their house for the market? If you’re limited on cash and your property needs a lot of work, you might have to sell the property as-is. Unfortunately, there’s not a large market for as-is real estate in Las Vegas.
In this case, we recommend looking into cash home buyers. Most cash buyers will invest in properties no matter what condition they’re in. They’ll come to your property, inspect it, and give you a free cash offer (which you are not obligated to accept).
Cash home buyers like those at Lasvegashomesbyleslie.com can also help you out of a sticky situation if you’re pressed for time. For instance, if you’re trying to get out of your home before foreclosure, cash home buyers can usually give you an offer and close on the home in under two weeks.
Cash buyers are also good for selling real estate in Las Vegas if you’re going through a divorce or are being relocated for work. Some people use cash buyers to get rid of homes they inherit after a loved one passes. Essentially, cash home buyers offer a quick, guaranteed, and hassle-free option for selling property.
Want to Sell Real Estate in Las Vegas?
If you’re looking to sell real estate in Las Vegas, implement the five tips listed above. If you want to get the most money possible out of your property, do the work and hire an agent. Alternatively, if time is of the essence or you need to sell a home as-is, look into cash home bueyrs.
For more real estate tips or financial guidance, stick around. Our blog is full of great content created to help people like you.