Donna Moy-Bruno's Blog
The home selling journey varies from person to person. If an individual prepares for this journey, he or she may be better equipped than others to avoid problems along the way. On the other hand, an individual who is unprepared for the property selling journey may struggle to achieve the best-possible results.
There are many things that an individual can do to enjoy a memorable home selling experience. Now, let's take a look at three tips to help you prepare for the house selling journey.
1. Upgrade Your House's Curb Appeal
How your house looks to prospective buyers can have far-flung effects on your home selling experience. If you allocate time and resources to enhance your residence's curb appeal, you could make your house an attractive choice to dozens of potential buyers.
Upgrading your house's curb appeal can be simple. For example, mowing the lawn and trimming the hedges generally won't take long to complete and can help your residence impress potential buyers. You can always repair or replace any damaged home siding as well.
If you require additional help with home exterior upgrades, contractors are available in cities and towns nationwide. In fact, these professionals can help you quickly improve your residence's curb appeal.
2. Set a Competitive Initial Asking Price
It is important to establish a competitive initial asking price for your residence, regardless of whether you are operating in a buyer's or seller's market. Otherwise, you risk alienating potential buyers – something that may result in a time-intensive home selling journey.
To set a competitive initial asking price for your home, it may be beneficial to analyze local housing market data. Compare and contrast your home versus similar residences that are available in your city or town, and you can use these insights to price your residence accordingly.
In addition, you can hire a home appraiser before you list your house. A home appraiser will provide a property valuation that you can use to establish an aggressive price for your residence.
3. Hire a Real Estate Agent
A real estate agent is a difference-maker during the home selling journey, and for good reason. This housing market professional understands what it takes to sell a home and will do whatever it takes to help you enjoy a fast, profitable house selling experience.
Perhaps best of all, a real estate agent will develop a personalized home selling strategy for you. Thus, if you want to sell your residence as quickly as possible, a real estate agent will help you do just that. Or, if you want to optimize the earnings from your house sale, a real estate agent will go above and beyond the call of duty to ensure you can get the best price for your house.
As you prepare to add your house to the real estate market, there is no need to worry. Take advantage of the aforementioned tips, and you can boost the likelihood of enjoying a seamless property selling experience.
If you get an offer to buy your house, there is no need to make a snap decision. Instead, it generally is a good idea to allocate the necessary time and resources to analyze an offer and determine the best course of action.
Ultimately, there are lots of reasons why you should analyze a home offer, and these include:
1. You can boost the likelihood of getting the best price for your house.
An offer may fall at, above or below your house's initial asking price. However, regardless of the offer that you receive, it pays to perform a full evaluation to ensure you can maximize the value of your residence.
For many home sellers, it is beneficial to conduct a home appraisal prior to listing a residence. That way, when a home offer arrives, a seller can compare the proposal to a property valuation and proceed accordingly.
2. You can weigh the pros and cons of all of your options.
Let's face it – deciding whether to accept, reject or counter a homebuying proposal can be tough. Luckily, analyzing an offer enables you to weight the pros and cons of each option, making it easier than ever before to make an informed choice.
Oftentimes, creating a list of pros and cons can be helpful. This list will enable you to assess the advantages and disadvantages of each potential home selling decision. Then, you can use your list to guide the decision-making process.
3. You can receive expert housing market insights before you finalize your decision.
Imagine what it would be like to take a data-driven approach to decide whether to approve a homebuying proposal. Now, you can, thanks to the wealth of housing market data that is readily available to sellers.
As a home seller, you should have no trouble examining the prices of comparable houses that recently sold in your city or town. You then can use this housing market data to determine whether a proposal is "fair" based on the current real estate market's conditions.
Of course, as you assess a home offer, it often helps to collaborate with a real estate agent. This housing market professional knows exactly what it takes to sell a house – regardless of the real estate market's conditions. As such, he or she will enable you to conduct an in-depth review of any homebuying proposal, at any time.
A real estate agent also is happy to help you after you determine whether to accept, reject or counter a proposal. If you accept an offer, a real estate agent will help you move forward with the home selling journey. Or, if you reject an offer, a real estate agent will show you how to promote your house to potential buyers to boost your chances of receiving better proposals in the future. And if you counter an offer, a real estate agent can negotiate with a buyer's agent on your behalf.
Evaluate a home offer closely – you'll be glad you did. If you perform a deep analysis of a homebuying proposal, you can assess a home offer from multiple angles and make the best-possible decision based on your individual needs.
If you receive a "lowball" offer to purchase your house, your first reaction may be to respond with an immediate "No." However, it is important to evaluate any offer to purchase your house closely. Because if you weigh the pros and cons of rejecting an offer to purchase your home, you'll be better equipped than ever before to make an informed decision about any homebuying proposal you receive.
Now, let's take a look at three factors to consider before you reject an offer to purchase your residence.
1. Your Home's Price
What you may consider to be a lowball offer to purchase your home may actually be a competitive homebuying proposal – it all depends on the current state of the housing market. Thus, if you analyze the housing market, you can find out how your home's price stacks up against the prices of comparable houses and review an offer to purchase accordingly.
If you find your home's price falls in line with similar houses in your city or town, you likely have a competitive initial asking price in place. And if a buyer's offer to purchase your home falls short of your house's initial asking price, you may want to decline the proposal.
On the other hand, if your home is priced much higher than comparable residences in your area, you may want to adjust your home selling expectations. In this instance, you may find a lowball offer to purchase turns out to be a competitive homebuying proposal. As a result, you may be more inclined to accept the proposal based on the current housing market's conditions.
2. Your Home's Condition
Oftentimes, buyers will account for potential home repairs or upgrades they will need to complete if they acquire a house. This means a buyer may submit an offer to purchase below a seller's initial asking price due to the fact that a house may require assorted repairs or upgrades in the near future.
Take a look at the condition of your home – you'll be glad you did. If you find your home is in need of significant repairs or upgrades, you may want to consider these projects before you reject a buyer's offer to purchase your house.
3. Your Home Selling Goals
It generally is a good idea to start the home selling journey with goals in hand. That way, if an offer to purchase your house allows you to achieve your home selling goals, you can accept the proposal. Or, if an offer to purchase your house moves you further away from accomplishing your home selling goals, you can reject the proposal.
As you get set to complete the home selling journey, you may want to hire a real estate agent too. This housing market professional can help you assess any offers to purchase your house, at any time. By doing so, a real estate agent can help you determine how to proceed with an offer to purchase and ensure you can make the best-possible decision.
Want to add your house to the real estate market? If you're operating in a seller's market, you may be able to generate plenty of interest in your house as soon as your residence becomes available.
A seller's market commonly features an abundance of homebuyers and a shortage of home sellers. As such, a home seller who lists a high-quality residence in a seller's market could earn a significant profit.
Operating in a seller's market offers many opportunities for home sellers who prepare accordingly. Lucky for you, we're here to ensure you can get the best price for your residence in a seller's market.
Now, let's take a look at three tips to help you optimize the value of your house in a seller's market.
1. Complete a Home Appraisal
A home appraisal will help you understand your house's strengths and weaknesses. That way, you can perform any home improvement projects before you list your residence. You may be able to boost your chances of a quick property sale too.
Typically, a home appraisal requires just a few hours to complete. A home appraiser will visit your residence and inspect it both inside and out. Then, this appraiser will provide you with a report that details your home's condition.
Review the results of a home appraisal report closely. By doing so, you can prioritize various home improvements and work toward transforming your ordinary residence into one that will stand out in a seller's market.
2. Analyze the Housing Market
How does your residence stack up against comparable houses that are currently available? Examine the housing market to find out.
Evaluate the prices of houses that are similar to your own. This may help you establish a realistic price range for your residence.
Also, look at how long recently sold properties were available before they were purchased. This may help you understand how long it might take for you to get the best price for your residence in a seller's market.
3. Collaborate with a Real Estate Agent
When it comes to selling a home, there is no reason to embark on the property selling journey on your own. Thankfully, real estate agents are available in cities and towns nationwide, and these housing market experts are happy to assist you in any way they can.
A real estate agent can provide details about what to expect before you add your residence to a seller's market. He or she will help you plan ahead and ensure your residence features an awe-inspiring exterior and flawless interior that differentiate your property from others.
Moreover, a real estate agent will help you alleviate stress throughout the home selling journey. This housing market professional can respond to your home selling concerns and questions and provide plenty of guidance to help you make informed decisions.
There is no need to leave anything to chance when you list your home in a seller's market. Instead, take advantage of the aforementioned tips, and you should have no trouble stirring up interest in your house.
Selling a home in a buyer's market may seem like a major struggle, particularly for those who are listing a residence for the first time.
Fortunately, we're here to help you streamline the process of selling your house so you can get the best price for your residence, even in a buyer's market.
To better understand how to succeed in a buyer's market, let's take a look at three factors that every home seller should consider before they list a residence.
1. Your Home's Condition
What is the current state of your home? Ultimately, your home's condition will play a key role in how quickly you can sell your house, regardless of whether you're operating in a buyer's or seller's market.
Before you add your residence to the real estate market, it often is a great idea to complete a property appraisal. This evaluation will allow you to learn about your house's strengths and weaknesses and prioritize home improvement projects.
Furthermore, there are many quick, easy ways to enhance your home's interior and exterior.
Removing clutter from your home offers an excellent option for those who want to free up space inside a residence. Or, you can always trim the hedges, remove dirt and debris from walkways and perform other home exterior tasks to bolster your house's visual appeal.
2. Your Timeline
When do you need to sell your home? If you're in a hurry to sell your home, you'll need to proceed cautiously, especially if you're operating in a buyer's market.
In this scenario, you'll want to establish a competitive price for your home from the get-go. This will require you to analyze the prices of similar homes in your area so you can better understand how your house stacks up against the competition.
If you have several months to sell your home, you may be able to wait out a buyer's market. In the meantime, you can always complete assorted home improvements to upgrade your house both inside and out.
3. Your Housing Market Expertise
How do you intend to get the best price for your home in a buyer's market? You may need extra help along the way. Lucky for you, a real estate agent is happy to provide you with the assistance you need to succeed.
A real estate agent is a housing market expert who understands what it takes to sell a home in a buyer's market. He or she will be able to help you prep your home for the real estate market so you can speed up the home selling journey.
Usually, a real estate agent will promote your house to potential homebuyers, keep you up to date about offers on your house and negotiate with property buyers on your behalf. This housing market professional also can provide honest, unbiased home selling recommendations at each stage of the home selling cycle.
Remove the guesswork that is commonly associated with selling a home in a buyer's market – use these tips, and you should have no trouble generating plenty of interest in your residence as soon as it becomes available.