Kristen Dailey's Blog
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.
Don't let your neighbors get in the way of a fast, easy and profitable home sale. Instead, home sellers can take advantage of the following tips to prevent neighbors from sabotaging a property sale:
1. Talk to Your Neighbors Before You List Your House
Communication can play a key role in the home selling process. As such, maintaining open communication with your neighbors can make a world of difference, particularly for those who want to reap the benefits of a quick, simple home sale.
Reach out to your neighbors before you add your residence to the real estate market. This will allow you to outline your home selling plans to your neighbors.
Also, don't be afraid to ask your neighbors for support.
In most cases, neighbors will be happy to help you achieve your home selling goals. And if your neighbors keep their houses looking great, they may be able to create an attractive neighborhood that helps your property stand out in a competitive real estate market.
2. Respond to Neighbors' Concerns and Questions
Neighbors may have many concerns and questions about your decision to sell your home. With an open approach, you can respond to neighbors' concerns and questions with ease.
If you've lived in your neighborhood for many years, you've likely become close to your neighbors and may consider them to be friends. Therefore, it may be difficult to share the news that you intend to sell your house.
However, try to stay calm, cool and collected as you discuss your home selling plans with neighbors. And remember, even though you plan to live elsewhere in the near future, you can still keep in touch with your friends at any time.
You can always lean on neighbors for home selling advice too. If neighbors have sold houses in the past, they may be able to offer expert insights into the home selling cycle that you might struggle to obtain elsewhere.
3. Consult with a Real Estate Agent
When it comes to selling your house, meeting with your neighbors can help you get the best results possible. Of course, if you work with a real estate agent, you should have no trouble navigating the property selling process as well.
A real estate agent understands what it takes to list a residence and stir up interest from homebuyers. This housing market professional can teach you about the ins and outs of the real estate sector. Plus, he or she will set up open houses and home showings, keep you up to date about offers on your house and negotiate with homebuyers on your behalf.
Perhaps best of all, a real estate agent is happy to respond to any of your home selling queries. Thus, if you're unsure about how to discuss your home selling plans with neighbors, your real estate agent can provide you with plenty of help.
Ready to add your house to the real estate market? Use these tips, and you can include your neighbors in the home selling journey.
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.
Adding a house to the real estate market should be simple. However, a home seller must consider various factors before listing a home, or risks missing out on opportunities to stir up interest from potential homebuyers.
Some of the top factors to consider before you list a residence include:
1. Your Home's Interior and Exterior
Ultimately, your home only gets one chance to make a positive first impression on homebuyers. If a home seller dedicates the necessary time and resources to update a house's interior and exterior, he or she may be able to increase the likelihood of a quick home sale.
To improve a house's interior, it is important to declutter as much as possible. Remove any non-essential items from a home; these items can be sold at a garage sale or online or put into a storage unit until a home sells.
Furthermore, to enhance a home's exterior, a home seller should mow the front lawn, trim the hedges and perform assorted home exterior maintenance projects. With a dazzling home exterior, a home seller can help his or her residence stand out from other available houses.
2. The Local Housing Market
How does your home stack up against the competition? Study the local housing market closely, and you should have no trouble establishing a competitive price for your home.
Examine the prices of available residences that are similar to your own. Also, take a look at the prices of recently sold houses in your city or town. With this housing market data in hand, you can understand whether you're preparing to operate in a buyer's or seller's market and price your residence appropriately.
3. Home Appraisal Results
When it comes to getting a home ready for the real estate market, it never hurts to conduct a home appraisal.
During a home appraisal, a property inspector will assess a house's condition. After the appraisal is finished, this inspector will provide a homeowner with a copy of a home appraisal report.
A home appraisal report offers valuable insights into a home's condition and enables a home seller to prioritize myriad home improvement projects. As such, the report may help a home seller find ways to enhance a residence before he or she adds it to the real estate market.
Lastly, if you're looking to list a house in the foreseeable future, working with a real estate agent is key.
A real estate agent is happy to help you prep your residence for the housing market. He or she will offer honest, unbiased home selling recommendations and ensure you can upgrade your house as needed. Plus, this housing market professional will set up home showings and open houses, negotiate with homebuyers on your behalf and do whatever it takes to help you sell your residence.
Get your house ready for the real estate market – consider the aforementioned factors, and you can transform an ordinary residence into an awe-inspiring home.
Enjoying a quick, easy home selling journey is ideal. Yet many problems may arise that could make it tough for a property seller to streamline the home selling journey. Lucky for you, we're here to teach you what it takes to reduce the time it takes to sell your house.
Now, let's take a look at three tips to help you accelerate the house selling journey.
1. Upgrade Your House's Curb Appeal
Curb appeal is a difference-maker in any housing market, at any time. If you allocate time and resources to upgrade your residence's curb appeal today, you could transform your house into a hot property in your city or town.
Mowing the front lawn, trimming the hedges and performing other home exterior improvements may help you boost your house's curb appeal. You can always perform these home exterior upgrades on your own. Or, if you need extra help with home exterior projects, you can hire a professional contractor.
2. Remove Clutter
Clutter may make it tough for you to show off the full size and astounding beauty of your residence to prospective buyers. Thus, if you eliminate clutter from your home today, you could make it simple for buyers to fall in love with your residence right away.
To remove clutter, you may want to host a yard sale or list your excess items online. Both yard sales and online marketplaces will enable you to quickly and effortlessly get rid of unwanted items and earn extra cash.
Furthermore, if there are antiques, paintings, decorations and assorted personal belongings you want to keep, you can rent a storage unit. With a storage unit at your disposal, you can keep various personal belongings safe until your residence sells.
3. Hire a Real Estate Agent
Speeding up the home selling process is no small task. Fortunately, if you hire a real estate agent, you can gain expert home selling insights. And as a result, you may be better equipped than ever before to accelerate the property selling journey.
A real estate agent can provide you with home selling recommendations and suggestions you may not be able to receive elsewhere. First, he or she will learn about you and your home and teach you about the local housing market. A real estate agent next will craft a personalized house selling strategy for you. This housing market professional then will put your home selling strategy into effect and do whatever it takes to help you streamline the house selling process.
In addition, a real estate agent will reply to any home selling questions you have. If you are unsure about how to price your residence, whether to accept an offer to purchase or have any other home selling concerns, a real estate agent can provide plenty of guidance.
Ready to enjoy a fast, profitable home selling experience? Take advantage of the aforementioned tips, and you should have no trouble navigating the house selling journey.