How to Prepare Your Real Estate for Sale Before You Move out to Another State

Planning for Peak Performance: From Curb Appeal to Comfort

First impressions matter! New York buyers crave properties that are move-in ready and exude a sense of urban chic. Here’s how to ensure your property shines:

• Curb Appeal is King (or Queen): In a competitive market, first impressions are paramount. Enhance your property’s street presence with well-maintained landscaping, a power-washed exterior, and a clean entryway. A fresh coat of paint, in a neutral color, can also work wonders.
• Embrace the Light: New Yorkers love natural light! Maximize the feeling of spaciousness by cleaning windows, removing heavy curtains, and trimming overgrown landscaping that might block sunlight.
• Smart Storage Solutions: Limited storage space is a common concern in New York real estate. Showcase your property’s built-in storage solutions (closets, cabinets, etc.) and consider staging with space-saving furniture to demonstrate efficient use of square footage.
• Address Preventative Maintenance: Potential buyers want peace of mind. Schedule inspections for potential issues like leaks, foundation problems, or outdated electrical wiring. Investing in preventative maintenance now can save you money in the long run and avoid delays during the selling process. Zavza Seal LLC can be your partner in preventative maintenance, offering services like waterproofing, insulation upgrades, and mold remediation.

Strategic Partnering: Your New York Dream Team

Selling from afar requires a reliable team to handle the logistics. Here’s who you need on your side:

• Knowledgeable Realtor: Finding a realtor with a proven track record in your specific neighborhood is crucial. They’ll handle showings, negotiations, paperwork, and ensure you remain informed throughout the process. Look for someone experienced in selling to out-of-state sellers and familiar with the nuances of the New York market.
• Virtual Staging: Showcase your property’s potential, even if it’s vacant, with virtual staging. Partner with a company that specializes in creating realistic digital renderings that showcase the functionality and style of your space.

Maximizing Your Profits: Taxes and Beyond

Selling your New York property can have tax implications, and navigating these complexities can be a challenge, especially from another state. That’s why consulting with a Certified Public Accountant (CPA) familiar with New York real estate tax laws is crucial. Here’s how a good CPA can benefit you:

• Understanding Tax Deductions: There are various potential tax deductions associated with selling real estate, including capital gains tax exclusions, deductions for selling expenses like realtor fees and closing costs, and potential deductions for home improvements you’ve made over the years. A CPA can help you identify and claim all applicable deductions, maximizing your profits from the sale.
• Understanding Tax Liabilities: There may also be potential tax liabilities associated with selling your property, such as capital gains taxes. A CPA can help you understand your potential tax liabilities and develop strategies to minimize them.
• Peace of Mind: The tax code can be complex, and navigating it alone can be stressful. A qualified CPA can provide expert guidance and ensure you’re complying with all tax regulations, giving you peace of mind throughout the selling process.

Since every case is unique and requires specific protocols, we highly recommend consulting with a Certified Public Accountant (CPA) or professional Expat Tax Services familiar with New York real estate tax laws. A knowledgeable CPA can help you navigate potential tax deductions and ensure you’re maximizing your profits from the sale. 

Marketing Magic: Reaching the Right Buyers

Once your property is prepped and your team is in place, it’s time to attract potential buyers. Here’s how to create an effective marketing strategy:

• High-Quality Photography and Virtual Tours: Professional photos are essential for online listings. Consider including virtual tours to allow buyers to explore the property remotely.
• Compelling Listing Description: Craft a captivating listing description that highlights your property’s unique features, amenities, and any recent upgrades. Use clear and concise language that emphasizes the benefits to potential buyers.
• Targeted Online Marketing: Utilize online real estate platforms, social media marketing, and local online marketplaces to reach your target audience. Consider partnering with your realtor to develop a targeted advertising campaign.

A Smooth Goodbye: Communication and Technology

• Maintain Clear Communication: Open communication with your realtor and any other involved professionals is key. Schedule regular calls or video conferences to stay updated and ensure everything is progressing smoothly.

Embrace Technology: Technology can be your ally when selling from afar. Utilize online tools like video conferencing platforms, e-signing services, and document sharing platforms to streamline communication and keep the process moving forward efficiently.