Janet Laughead's Blog
After you receive an offer on your home, how should you respond? Ultimately, there are many questions for a home seller to consider before accepting a proposal, including:
1. What is my home worth?
Did you get your home appraised before you added it to the real estate market? If so, you may want to review a home offer in contrast to your home appraisal. This will give you a better idea about whether the offer is "fair" based on your home's condition.
If you have not received a home appraisal, there's no need to worry. In fact, there are many ways to assess your home to determine whether to accept or decline a proposal.
Check out the prices of comparable residences in your city or town. This will enable you to see how these houses are priced and better understand how to proceed with an offer.
Also, review the prices of homes that recently sold in your area. With this information, you can learn about the current state of the housing market.
2. Are there any other offers to consider?
As a home seller, you'll likely have 24 to 48 hours to respond to an offer on your residence. But if you receive multiple offers at the same time, you'll want to evaluate these proposals in conjunction with one another.
Even if you receive two offers for the exact same price, these proposals may differ.
For example, a homebuyer who has financing in hand will be able to streamline the process of going from homebuyer to homeowner. On the other hand, a homebuyer who submits an offer without financing in hand may require additional time to secure a mortgage from a bank or credit union.
Take a close look at all of the offers on your home. Review these proposals with a fine-tooth comb, and you'll be able to make an informed decision.
3. Does this offer meet or exceed my expectations?
An offer on your home may fall short of your initial asking price, but this offer can still meet or surpass your expectations.
Consider what you hope to accomplish as a home seller as you review an offer.
For instance, if your goal is to sell your home as quickly as possible, you may be more inclined to accept one of the first offers you receive. Or, if you can afford to remain patient, you may want to take a wait-and-see approach to ensure you get an offer that matches or exceeds your initial asking price.
4. What will happen if I accept the offer?
After you accept an offer on your home, a homebuyer likely will want to complete a home inspection.
If the home inspection goes well, the homebuyer probably will proceed with his or her purchase. If it does not, you may need to complete home maintenance or repairs to finalize the purchase agreement.
Remember, if you accept an offer, there are still several steps that will need to be completed before you sell your house. With an expert real estate agent at your side, you'll know exactly what to expect at each stage of the home selling process.
If you want to enjoy a fast, profitable home selling experience, it helps to prepare as much as possible. In fact, if you craft a home selling strategy, you should have no trouble achieving your home selling goals.
Now, let's take a look at three tips to help you create a successful home selling strategy.
1. Consider the Buyer's Perspective
Think about how a homebuyer may perceive your house. Then, you can prioritize assorted home improvement projects and incorporate them into your home selling strategy.
For example, if your home's front lawn is messy and cluttered, now may prove to be a good time to hire a professional landscaping company. With support from this company, you can transform a subpar front lawn into a stunning one and bolster your house's curb appeal.
On the other hand, if you find that your home interior needs to be updated, you should perform assorted home interior upgrades. By doing so, you can enhance your house's interior and make it easy for buyers to fall in love with your residence.
2. Assess Your House Both Inside and Out
Ultimately, a home seller's goal is to maximize the profits from his or her home sale. If you include a home inspection as part of your home selling strategy, you can take the necessary steps to upgrade your house prior to listing it.
During a home inspection, a property expert will analyze your residence both inside and out. When the home inspection is finished, the property expert will provide you with an inspection report that details his or her findings.
Review a home inspection report closely. This report contains valuable insights that you can use to enhance your home's exterior and interior. It also may help you discover innovative ways to improve your house's value.
3. Collaborate with a Real Estate Agent
When it comes to crafting a home selling strategy, there is no need to work alone. Luckily, you can hire a real estate agent who can help you put together a successful home selling strategy in no time at all.
A real estate agent will teach you about the real estate market and help you set realistic home selling expectations. In addition, this housing market professional is happy to provide you with expert home selling insights to ensure you can optimize the value of your house.
Moreover, a real estate agent can offer comprehensive support at each stage of the home selling journey. He or she can help you list your house and promote it to the right groups of buyers. Plus, a real estate agent can provide recommendations as you review a home offer and ensure you can make an informed decision about whether to accept, reject or counter a proposal.
If you want to get the best-possible results from the home selling journey, it helps to establish a home selling strategy. Use the aforementioned tips, and you can craft a successful plan to sell your house.
A home listing presents a valuable opportunity. If you allocate time and resources to craft an engaging and informative listing, you could differentiate your house from the competition. Perhaps most important, your listing could help you speed up the home selling process.
There are many things you can do to help your house listing stand out to buyers, such as:
1. Include High-Resolution Photos of Your Home
Incorporate high-resolution photos of your home into your listing – you will be happy you did. If you use photos to show off your home's true beauty, buyers may instantly fall in love with your residence.
Before you take photos of your home, you should clean as much as possible. That way, you can show buyers your house's full potential.
Also, if you require additional assistance, you can always hire a real estate photographer. This professional can help you capture first-rate images of your house that you can immediately integrate into your listing.
2. Provide Accurate Information About Your Home
There is no need to stretch the truth in your house listing. In fact, those who fail to provide accurate details about a home in a listing may encounter problems that ultimately slow down the house selling cycle.
Learn as much as you can about your home, and leverage the information at your disposal to highlight your house's features in your listing. Then, you can use your listing to teach a buyer about your residence.
3. Be Clear and Concise
Jargon is problematic in many home listings. If your house listing includes assorted terms and phrases that are tough to understand, your listing may alienate potential buyers.
As you craft a home listing, try to be as clear and concise as possible. You should strive to be objective in your house listing, too. And if you are unsure if your listing is easy to read, you may want to have a friend or family member check it out and provide feedback.
For those who strive to seamlessly navigate the house selling journey, you may want to hire a real estate agent. This housing market professional can help you craft an effective home listing, as well as overcome myriad challenges during the home selling journey.
A real estate agent understands home selling challenges and can help you prepare accordingly. Thus, if you are unsure about how to price your home, a real estate agent can help you establish a competitive initial asking price for your residence. On the other hand, if you are uncertain about whether to accept a buyer's offer to purchase, a real estate agent can provide a recommendation about how to proceed.
As you prepare for the home selling journey, you should try to distinguish your house listing from all others. If you take advantage of the aforementioned tips, you could produce a home listing that garners buyers' attention. And as a result, you could accelerate the home selling journey.
For home sellers, renting a storage unit may prove to be a great idea, and perhaps it is easy to understand why.
A storage unit will make it simple to keep personal belongings like artwork and photographs out of sight while you sell your house. Plus, a storage unit offers a secure space for your personal belongings, one that you can quickly and effortlessly access at any time.
Although there are many wonderful reasons to rent a storage unit, choosing the right-size unit can be difficult, particularly for a first-time home seller. Lucky for you, we're here to help take the guesswork out of selecting a storage unit that suits you perfectly.
Now, let's take a look at three tips to help a home seller choose the right-size storage unit.
1. Take a Look at the Items That You Need to Store
A home seller must do everything possible to remove clutter before listing a house. And with a storage unit at your disposal, you should have no trouble keeping excess items outside your residence.
Ultimately, it is important to make a list of the items that you want to place in storage before you rent a storage unit. This will help you determine exactly how much space you'll need based on the items on your list.
For example, if you need to store a bicycle, treadmill or other large items, you may want to choose a 10' x 15' storage unit. Or, if you need to store boxes of kitchen utensils, bathroom supplies and various small items, a 5' x 5' storage unit may prove to be the ideal choice.
2. Consider How Long You'll Need a Storage Unit
With the right-size storage unit, you can protect various personal belongings until a homebuyer purchases your residence.
As you explore your storage unit options, it often helps to create a budget. That way, you can ensure that you'll have sufficient finances available to cover the costs of a storage unit for an extended period of time.
If you are unsure about your long-term finances, you may want to rent a small storage unit, thereby resulting in affordable monthly storage unit rental costs. On the other hand, if you feel comfortable with your financial situation, you may be better equipped than others to select a large storage unit.
3. Consult with a Real Estate Agent
Determining how much space you'll need in a storage unit can challenge even the most diligent home seller. Thankfully, a real estate agent can help you prepare your residence for the housing market as well as make it easy to decide how much storage space you'll need.
A real estate agent can put you in touch with storage unit providers in your city or town. In addition, he or she can offer home decluttering tips and help you get excess items into the right-size storage unit in no time at all.
Ready to rent a storage unit? With the aforementioned tips, you can select the right-size storage unit to safeguard myriad personal belongings while you sell your house.
A confident home seller is a unique individual, and perhaps it is easy to understand why. In fact, this individual likely possesses many traits that are sure to help him or her enjoy a successful home selling experience.
Now, let's take a look at three key attributes of a confident home seller to better understand this individual's approach to the housing market.
A confident home seller may be more likely than others to go above and beyond the call of duty to ensure the best-possible results. As such, he or she will do what it takes to list a home and promote it to the right groups of buyers, which may result in a fast, seamless home selling journey.
With a proactive approach, any home seller can boost his or her confidence. Taking a proactive approach may even help a home seller maximize his or her home sale earnings too.
Typically, a proactive home seller will allocate time and resources to improve his or her house's interior and exterior. Because if a home stands out from the competition, the probability of a quick and profitable home sale will increase.
A proactive home seller also won't settle for subpar results. Instead, this seller will constantly search for ways to improve his or her home, as well as explore new opportunities to promote his or her house to buyers.
A confident home seller is willing to learn new things. Thus, he or she may be willing to learn about the housing market to discover innovative ways to speed up the home selling process.
To learn about the housing market, it generally helps to meet with a real estate agent. This housing market expert can teach a home seller about different aspects of the real estate market. And if a home seller has housing market questions, a real estate agent can respond to them immediately.
Furthermore, a real estate agent is happy to help a home seller build his or her confidence. This housing market professional can offer tips and recommendations throughout the home selling journey, ensuring a home seller can make informed decisions as this journey progresses.
A confident home seller understands that no home selling experience is perfect, and various home selling hurdles may arise along the way. Fortunately, this seller also knows how to stay calm, cool and collected under pressure.
As a confident home seller, an individual will stay patient, even when the worst-case home selling scenarios occur. This individual will be able to look at the big picture throughout the home selling journey. Perhaps most important, a confident home seller won't let small problems escalate; conversely, he or she will try to quickly resolve problems and take the necessary steps to prevent them from happening once again.
Becoming a confident home seller is no small feat. But if you understand the key attributes of a confident home seller, you can build your real estate expertise and work toward achieving the optimal results during the home selling journey.