Janet Laughead's Blog
The home selling journey may include many ups and downs, particularly for a seller who fails to plan ahead. Fortunately, we're here to help you set realistic expectations for the home selling journey so you can achieve the optimal results.
Now, let's take a look at three tips to help you establish realistic expectations for the home selling journey.
1. Know Your Home
Your home's condition may have deteriorated over time. Therefore, the value of your house today is unlikely to match what you initially paid for your home.
To understand the current valuation of your house, you may want to perform a home appraisal. This will enable you to receive a property valuation from an expert home appraiser. Then, you can use this valuation to establish a competitive price for your residence.
2. Conduct a Home Inspection
Although you may have performed a wide range of home upgrades over the years, underlying house problems may persist. Thankfully, a home inspection makes it easy to learn about myriad home problems before you add your house to the real estate market.
During a home inspection, a property expert will examine your residence both inside and out. Following the inspection, you'll receive an inspection report with detailed findings about the condition of your house.
Examine the results on a home inspection report closely – you'll be glad you did. If you analyze the inspection results, you may be able to discover innovative ways to enhance your residence. And if you perform property improvements, you may be able to boost your house's value and increase the likelihood of a fast, profitable home sale.
3. Collaborate with a Real Estate Agent
If you're unsure about how to kick off the home selling journey, there is no need to stress. In fact, real estate agents are available in cities and towns nationwide who are happy to provide comprehensive insights into all aspects of selling a house.
A real estate agent can teach you about the ins and outs of the housing market. By doing so, a real estate agent will help you understand how to price your home and promote it to the right groups of buyers.
Moreover, a real estate agent will deliver in-depth support at each stage of the home selling journey. He or she will set up home showings and open house events, negotiate with a buyer's agent on your behalf and help you review offers on your house. And if you ever have concerns or questions about selling your home, a real estate agent is available to respond to them right away.
Working with a real estate agent can help you transform an ordinary home selling experience into an exceptional one. Perhaps most important, a real estate agent can offer honest, unbiased recommendations to ensure you can maintain realistic expectations throughout the home selling journey. And as such, a real estate agent can help you quickly and effortlessly accomplish your desired home selling results.
If you list your home and fail to stir up interest in it, there is no reason to panic. In fact, there are many quick, easy ways to ensure your house consistently garners homebuyers' attention.
Now, let's take a look at three tips to help you showcase your home to dozens of prospective buyers.
1. Bolster Your House's Curb Appeal
How your home looks to potential buyers can have a significant impact on the house selling journey. If your residence appears drab and cluttered, buyers may be reluctant to set up a home showing. However, if you enhance your residence's curb appeal, you could make your home an attractive choice to buyers.
To upgrade your house's curb appeal, it is essential to mow the lawn, trim the hedges and perform other lawn care tasks. Don't forget to repair or replace any damaged home siding too. Because if you make your home's exterior appealing to buyers, you may find that many buyers want to check out your house as soon as possible.
2. Eliminate Clutter
Clutter is a problem that home sellers must eliminate. Otherwise, excess items scattered throughout a home may make a residence appear small.
For those who want to cut down on clutter, it may be beneficial to rent a storage unit. You can rent a storage unit close to home that enables you to keep various belongings safe until your residence sells.
If you are ready to get rid of assorted items, you can host a yard sale or list these items online. You also may want to donate unwanted items to a local charity or give them to family members or friends.
3. Employ a Real Estate Agent
When it comes to generating interest in a home, it often helps to hire a real estate agent. This housing market professional knows how to promote a residence to buyers, and ultimately, ensure a seller can reap the benefits of a quick, profitable property selling experience.
Initially, a real estate agent will walk through your home and perform an in-depth analysis. He or she next will work with you to craft a house selling strategy and showcase your residence to buyers. Finally, if you receive an offer to purchase your home, a real estate agent will help you assess this proposal and determine how to proceed.
Let's not forget about the assistance a real estate agent provides after you accept an offer to purchase, either. At this point, a real estate agent will guide you through the closing stages of the home selling journey. And if you have any concerns or questions along the way, a real estate agent is happy to address them.
If you find that buyers are hesitant to view your house, you may want to revamp your property selling strategy. Thanks to the aforementioned tips, you can revise your house selling plan and take the necessary steps to get buyers interested in your residence.
Putting your home up for sale can elicit a myriad of emotions from you and your spouse -- everything from excitement and anticipation to fear and sadness. It's only natural to feel a mixture of emotions, especially if your home represents years of memories, countless milestones, and stages of family growth.
A cautionary note to keep in mind is that it's easy to get caught up in emotion-based decisions that could derail your chances for making a fast sale.
A primary example would be pricing your home higher than it might actually be worth. Despite the fact that you've experienced great family memories there and spent tens of thousands of dollars to maintain, upgrade, and beautify your home, those factors usually do not translate into a sale price that exceeds the property's appraised value. Your perspective, which may be based on subjective criteria, such as all the "blood, sweat, and tears" you put into your house -- not to mention the "TLC" that went into it -- does not hold water in the minds of would-be buyers.
What Does Determine a Home's Value?
The unvarnished truth is that the value of your home is mostly based on prevailing market conditions, the price at which comparable homes in your neighborhood recently sold, and what the market will bear. Effectively setting a price that will bring in the most money without driving away qualified and otherwise-interested buyers is a delicate balance. The homeowner rarely has the objectivity or the specialized knowledge to accurately set the right price. That's where real estate agents comes in, and why it's advisable to sell your home through a licensed agent, rather than attempting a "For Sale By Owner" approach.
Minimizing Bumps in the Road
A good real estate agent will work on your behalf to effectively market your home, collaborate with other agents in the area to schedule showings and spread the word about your listing, and advise you on ways to improve both the curb appeal of your home and its interior appearance. Your agent can also provide indispensable negotiating help, as well as guidance about seller disclosure requirements and other government regulations.
The bottom line is that real estate agents are well-versed in the intricate process of listing, marketing, and selling residential property. Since there are a lot of forms to sign, deadlines to meet, agreements to reach, and formalities to handle, those are among the many sound reasons to enlist the help of a professional.
Although the process of selling a residential property often involves delays, setbacks, and obstacles, most real estate agents are quite adept at solving problems and getting past difficulties. In addition to the marketing, networking, and strategizing they're doing on your behalf, a good agent can also be counted on to provide you with regular progress reports and boost your spirits when you're feeling discouraged.
You know that you want to sell your house. However, you're still unsure about how to determine a "fair" price for your residence.
Ultimately, setting a fair price for your home may be easier than you think – here are three tips to help you establish the best price for your house.
1. Study the Housing Market
The housing market constantly changes. Therefore, a buyer's market today may transform into a seller's market tomorrow.
As a home seller, it is essential to analyze housing market data. That way, you can identify real estate market patterns and trends and plan your home selling journey accordingly.
Check out the prices of recently sold houses in your city or town. With this housing market data in hand, you may be better equipped than ever before to differentiate between a buyer's market and a seller's market.
Also, don't forget to assess the prices of available residences that are similar to your own. This housing market data will help you see how your residence stacks up against the competition. It may provide you with the ability to narrow the price range for your home too.
2. Conduct a Home Appraisal
A home appraisal offers a valuable learning opportunity, particularly for a home seller who is uncertain about his or her house's strengths and weaknesses.
Typically, a home appraisal provides a home seller with plenty of actionable insights about the condition of his or her property. The appraisal often helps a home seller prioritize home improvements as well.
During a home appraisal, a property inspector will analyze a house over the course of several hours. After an inspector's evaluation is complete, he or she will provide a home seller with a report that offers comprehensive insights about a home's condition.
A home appraisal can provide a home seller with a better idea about how to price his or her house in its current condition. Then, a home seller can complete assorted home improvements that may help him or her boost a residence's value.
3. Collaborate with a Real Estate Agent
It never hurts to get expert support as you try to determine the best price for your house. Thus, collaborating with a real estate agent can make a world of difference for a home seller in any housing market, at any time.
A real estate agent can provide guidance as a home seller preps his or her residence for the housing market. This professional can respond to a home seller's price concerns and questions and help a home seller determine what constitutes a fair price based on the current housing market's conditions.
Perhaps best of all, a real estate agent will help you promote your residence to the right groups of homebuyers consistently. As a result, he or she can help you stir up plenty of interest in your home – something that may lead to multiple offers.
Ready to list your residence? Use these home selling tips, and you can determine the best price for your house.
As a home seller, it generally is a good idea to consider the buyer's perspective. That way, you can determine why buyers may consider your house over other available properties and map out the home selling journey accordingly.
Now, let's take a look at three tips to help you assess the buyer's perspective before you embark on the house selling journey.
1. Analyze Your Home
Think about why you decided to buy your home in the first place. By doing so, you may be able to discover what makes your house unique from other properties so you can promote your residence to the right groups of prospective buyers.
Don't hesitate to take an objective view of your home's interior and exterior too. Remember, your goal as a home seller is to generate as much interest as you can in your house. If you take a critical view of your house, you can identify problem areas and work to correct various issues as quickly as possible.
2. Review the Local Housing Market
The local housing market may favor buyers or sellers. By reviewing housing market data, you can find out whether a buyer's or seller's market is in place. Plus, if you evaluate the local real estate sector, you can understand how your residence stacks up against the competition.
Analyzing the local housing market also may help you establish a price range for your home. As you check out the prices of comparable houses in your city or town, you can use this information to set an aggressive initial asking price for your residence. And as a result, you may be able to stir up lots of interest in your home among potential buyers.
3. Consult with a Real Estate Agent
If you are unsure about how buyers may perceive your house, it may be beneficial to have a housing market expert at your side. Luckily, real estate agents are available in cities and towns nationwide, and these housing market experts are happy to help you find ways to generate interest in your residence.
A real estate agent will learn about you, your home and your house selling goals. Next, he or she will craft a personalized house selling strategy designed to help you achieve your desired results. After a real estate agent puts this strategy into action, it may be only a matter of time before you receive offers to purchase your residence.
Let's not forget about the assistance a real estate agent provides after you receive an offer to purchase, either. At this point, you'll have to decide whether to approve, reject or counter a buyer's proposal. Meanwhile, a real estate agent can provide an honest, unbiased recommendation to help you make an informed decision about a homebuying proposal.
Want to streamline the home selling journey? Use the aforementioned tips, and you can incorporate the buyer's perspective into your home selling strategy and increase the likelihood of enjoying a fast, profitable house selling experience.