Shari Marquis' Blog
Let's face it – determining how to price a home is rarely simple for a seller. In some instances, your home may be worth less than you originally paid for it.
Ultimately, if you failed to maintain your house over the years, various home problems may crop up when you decide to list your residence. If these issues go unaddressed, it may be tough for you to maximize your house sale earnings.
With the right approach to preparing your house for the real estate market, you could upgrade your residence in no time at all. Now, let's take a look at three tips to help you improve your residence and ensure you can obtain the optimal price for your house.
1. Enhance Your Home's Curb Appeal
How your residence looks in the eyes of potential buyers is key. Because if a buyer falls in love with your house the moment he or she sees it for the first time, you could benefit from a fast, profitable house selling experience.
Improving your home's curb appeal can be quick and simple. For instance, mowing the lawn and trimming the hedges can help you transform an ordinary front lawn into a pristine one. And if you have any damaged or cracked home siding, you should repair it as well.
2. Upgrade Your House's Interior
Ensure your home's heating and cooling system and other internal systems are working properly. If you find there are issues with any of these systems, contact a professional to repair them.
Don't forget to clear clutter from your house, too. If you find your home is filled with assorted knick-knacks and items you no longer need, you can sell these items. Or, you can always donate the items you no longer need to a local charity or give them to family members or friends.
If you maintain a neat, tidy house, buyers are sure to be impressed as soon as they walk through your front door.
3. Conduct a Home Inspection and Appraisal
A home inspection usually is completed before a buyer finalizes their house purchase. Yet a seller who conducts an inspection may identify myriad house problems. They can then take steps to address such issues before listing his or her residence.
Additionally, a home appraisal may be crucial for a seller. During an appraisal, a property expert will examine a home and offer a property valuation. Next, a seller can use this valuation to determine how to price their house.
As you get set to add your home to the real estate market, you also may want to hire a real estate agent. This housing market professional will craft a custom home selling strategy for you. Plus, he or she will do whatever it takes to help you achieve your desired house selling results.
Ready to list your home? Take advantage of these tips, and you may be able to obtain an offer to purchase that matches or exceeds what you originally paid for your house.
Before you list your residence, you'll want to consider your home selling price closely. By doing so, you can improve your chances of generating significant interest in your home without sacrificing any potential profits.
Ultimately, finding the best home selling price can be quick and easy – here are three tips to help you do just that.
1. Perform a Real Estate Market Analysis
Evaluate how your house stacks up against the competition by performing a real estate market analysis. This will enable you to collect a broad assortment of housing market data and set an aggressive price for your house based on the current real estate sector's conditions.
As part of a real estate market analysis, take a look at the prices of local houses that are similar to your own. This will help you establish a price range for residences in your city or town.
Also, check out the prices of recently sold homes in your region. This housing market information will help you differentiate between a buyer's market and a seller's market and ensure you can price your residence appropriately.
2. Get Your Home Appraised
A home appraisal offers many benefits for a home seller that extend beyond establishing the best home selling price.
During a home appraisal, a property inspector will examine a residence both inside and out. Then, he or she will offer an inspection report that outlines a house's strengths and weaknesses as well as the present value of a house.
When it comes to figuring out the best home selling price, a home appraisal is ideal. This appraisal will make it easy for you to establish a competitive price for your home from the get-go. Plus, it may help you uncover innovative ways to improve the condition of your house before you add your residence to the real estate market.
3. Consult with a Real Estate Agent
Although a home seller may conduct a comprehensive real estate market analysis and receive a home appraisal as he or she evaluates the best home selling price, nothing beats working with a real estate agent. In fact, a real estate agent is happy to provide expert home selling assistance and ensure that you can get the best results possible at each stage of the home selling journey.
A real estate agent will learn about your home selling goals and help you map out the home selling journey accordingly.
For example, if you're in a hurry to sell your house, a real estate agent can help you set an aggressive price that results in a quick home sale. On the other hand, if you're dedicated to maximizing the value for your residence, a real estate agent will make it simple to optimize your home selling profit.
With a real estate agent at your side, establishing the best home selling price should be no trouble at all. This housing market professional will go above and beyond the call of duty to support your home selling goals and guarantee that you can enjoy a seamless home selling experience.
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.
Home sellers may encounter problems as they try to get the best prices for their residences. Fortunately, there are lots of things that sellers can do to reduce or eliminate hurdles that otherwise may slow down the house selling journey.
Now, let's take a look at three tips to help you tackle various home selling hurdles.
1. Analyze the Local Housing Market
The local housing market may play a major role in how much you ultimately receive for your residence. Thus, if you analyze the local housing sector closely, you may be able to gain deep insights that you can use to guide your home selling journey.
Oftentimes, it helps to differentiate between a buyer's and seller's market. If you find out how long houses generally are available before they sell in your city or town, you may be able to determine if a buyer's or seller's market is in place. Then, you can tailor your house selling efforts accordingly.
2. Know Your Home
A buyer will assess your home's condition before deciding whether to submit an offer to purchase your residence. If you understand the current state of your residence, you can correct house problems right away. And if you quickly address these home issues, you may be able to accelerate the house selling journey.
It may be beneficial to conduct a house inspection prior to listing your residence. With an inspection, you can receive in-depth insights into any underlying house issues. Next, you can use an inspection report to prioritize home repairs and upgrades.
3. Collaborate with a Real Estate Agent
As you get set to navigate the home selling journey, you may want to hire a real estate agent. Because if you have a real estate agent at your side, you can receive the support you need to instantly identify and resolve assorted property selling issues.
A real estate agent is committed to client satisfaction, and he or she will do everything possible to help you alleviate house selling issues. First, a real estate agent will learn about you and your house selling goals and craft a personalized property selling strategy. He or she then will work with you to promote your residence to prospective buyers. And if you receive an offer to purchase your house, a real estate agent is happy to provide a recommendation about whether you should accept, reject or counter this homebuying proposal.
In addition, a real estate agent goes above and beyond the call of duty to minimize home selling stress. If you ever have concerns or questions during the home selling journey, a real estate agent is ready to address them.
For those who want to resolve home selling problems, it helps to plan ahead for the property selling journey. Thanks to the aforementioned tips, you can prepare for any home selling problems that may come your way. As a result, you can use these tips to address home selling issues and achieve the best-possible results during the house selling journey.
It’s a competitive selling market and we all know how difficult it can be to entice buyers with your home.
There are a number of ways to highlight the best features of your house. From staging to great real estate photos, marketing your home is a key aspect to ensuring a sale.
However, sometimes sellers miss out on opportunities to give their home a competitive edge in the housing market.
In today’s post, we’re going to talk about some of the features in homes that are major selling points for today’s average buyer. That way, you’ll be able to update your listing and materials so that everyone who looks at your home knows exactly what it has to offer.
1. Location and convenience
Odds are you can find some major location selling points for your home if you think about it. Is your home near grocery stores, hospitals, parks, or major highways? Does it lack the rush hour traffic that other neighborhoods have?
Just because you’ve gotten used to the convenient location of your home doesn’t mean it won’t be appreciated by your potential buyers.
2. Low upkeep and utility costs
If you live in a newer home in your neighborhood, there’s a good chance it will beat out much of the local competition in energy efficiency and maintenance costs. If you’ve recently upgraded energy-related parts of your home (think windows, HVAC, insulation, etc.), you should highlight these upgrades in your listings.
This is also a good time to show off your utility savings. Many utility companies show you how much you spend compared to your neighbors. If your home is energy efficient, don’t be afraid to show off in your listing.
3. Storage space
Ever notice how self-storage facilities seem to be popping up just about everywhere? Storage space is a huge concern for homeowners and buyers alike.
Make sure your photos and listings reflect the amount of storage your home has.
4. Major upgrades
If you’ve recently replaced the septic system, roof, windows, HVAC or other major upgrade, be sure to list the date and cost of the system in your listing. They can help assure potential buyers that they won’t need to make any costly upgrades or repairs anytime soon.
5. Pet and smoke-free
If your home is free of any odors or signs of pets or cigarettes, it will likely be a plus for buyers who are only focusing on homes that are clean and move-in ready.
6. Natural lighting
If your home has a lot of windows or skylights, be sure to include them in your photo and listing. Natural lighting can dramatically improve real estate photos, and it will make your home seem more spacious and welcoming.