Robin Tanner's Blog
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.
As a home seller, it is essential to spend some time improving your house's curb appeal. By doing so, you can boost your house's chances of making a positive first impression on homebuyers. Plus, an attractive home may generate substantial interest from homebuyers, making it easy for you to accelerate the home selling process.
So what does it take to transform an ordinary home exterior into an exceptional one? Here are three tips to ensure that you can bolster your house's curb appeal:
1. Paint the Front Door and Shutters
Applying a fresh coat of paint to your home's front door and shutters could make a world of difference in the eyes of homebuyers. In fact, adding a splash of color to your home's exterior may help your residence pop and increase your chances of a quick home sale.
Exterior paint usually is inexpensive and easy to apply. Furthermore, you'll want to select a bold color for your home's front door and shutters that stands out yet complements the rest of your residence. As such, consider all of the paint color options at your disposal and choose wisely.
Don't forget to paint the trim around your home's exterior, either. Painting the trim often can be done quickly and will further enhance your house's curb appeal.
2. Replace Exterior Light Fixtures
Adequate lighting ensures that you'll be able to display your home during the day and at night. Thus, you'll want to replace defective exterior light fixtures as soon as possible.
Exterior light fixtures serve as affordable options to brighten up your home's exterior. In addition, vintage light fixtures are available that can provide a home's exterior with a timeless look and feel.
3. Hire a Real Estate Agent
When it comes to finding innovative ways to improve your home's curb appeal, there may be no better option than working with a real estate agent.
Many real estate professionals are available across the country to guide you along the home selling journey. These real estate agents can offer recommendations to ensure that you can revamp your house's curb appeal without breaking your budget. Also, real estate professionals can offer insights into how to establish a competitive price for your house, how to respond to an offer on your residence and much more.
Ultimately, your real estate agent is a housing market expert who is happy to assist you in any way possible. This real estate professional will support you in good times and bad and provide honest, unbiased feedback as you search for ways to maximize the value of your residence.
Your real estate agent will provide answers to your home selling concerns and questions as well. That way, you can make informed decisions as you navigate the home selling process.
Collaborate with a real estate agent – you'll be happy you did. By employing a real estate professional, you can discover the best ways to enhance your house's curb appeal and ensure that your home generates plenty of interest from homebuyers.
Adding your residence to the housing market can be tricky. And for those who are unprepared for the potential pitfalls of the real estate market, it may be difficult to get the best results from the home selling journey.
Fortunately, we're here to teach you about the housing market so you can understand what it takes to optimize the value of your home.
To better understand the ins and outs of the real estate market, let's take a look at three common misconceptions that are frequently associated with selling a house.
1. Your home has increased in value since you initially purchased it.
What you paid for your house a few years ago is unlikely to match what it is worth today. As such, it is important for a home seller to understand the current state of the real estate so he or she can price a residence accordingly.
A home seller should look at the prices of comparable residences before adding his or her home to the housing market. By doing so, this home seller can see how his or her residence stacks up against the competition and price it based on the current housing market's conditions.
Also, a home seller should complete a property appraisal. This evaluation allows a home seller to receive expert insights into a house's pros and cons. Plus, a home appraisal ensures a property seller can prioritize myriad home improvement projects to help boost a house's value.
2. You should have no trouble stirring up plenty of interest in your house.
Although a home seller enjoys his or her residence, there is no guarantee that homebuyers will feel the same way. Therefore, a home seller should allocate the necessary time and resources to enhance a property's appearance both inside and out.
Completing simple home exterior improvement projects like mowing the front lawn and clearing dirt and debris from the walkways can make a world of difference in homebuyers' eyes. These home exterior improvements will help you bolster your house's curb appeal and boosts your residence's chances of making a positive first impression on homebuyers.
In addition, don't forget to declutter your residence's interior as much as possible. This will make it easy for homebuyers to imagine what life may be like if they purchase your home.
3. You don't need support from a real estate agent.
When it comes to selling your residence, it is always better to err on the side of caution. With a real estate agent at your side, you may be able to accelerate the home selling process and improve your chances of maximizing the value of your house.
A real estate agent will help you manage challenges throughout the home selling process. He or she will show you how to list your residence and promote it to the right groups of homebuyers, along with provide comprehensive responses to your home selling questions.
Employ a real estate agent to guide you along the home selling process – you'll be happy you did. A real estate agent will do everything possible to ensure you can sell your residence quickly and effortlessly.
In today’s world, people will do anything to cut costs. Many people consider selling their homes without a real estate agent. If you decide to go the “for sale by owner” route, you could potentially save thousands of dollars in agent fees. However, you’ll need to be prepared to do a lot of legwork in the process of selling your home. There’s also no guarantee of a final sale in the end. Ask yourself these questions when you decide to sell a home on your own:
- Do I know The Value Of My Home?
- Can I Take On The Marketing Responsibilities Myself?
- Will I be Able To Take Criticism Of My Home?
- Can I Screen Potential Buyers?
Pricing Your Home
There’s a lot of information that’s readily available to real estate agents that wouldn’t be available to you as a lone seller. You’ll need to know the marketable price for your home as well as how competitive the market is. If you’re selling on your own, you may need to pay for an appraisal ahead of time, which is something the buyer typically does. If you want to sell quickly, you’ll want to price your home a bit lower than the average for the neighborhood.
Are You Ready To Work With A Buyer’s Agent?
Real estate involves a lot of negotiating. If you want to sell your home on your own, you’ll need to ask yourself if you’re ready to work with a buyer’s agent directly. Sellers are typically responsible for paying the agent's commissions on a home sale. Commission is negotiable but if you lack the knowledge and skills in this area, you could end up making a big mistake as a seller.
You may end up going through several price cuts in order to save yourself from difficulty in selling a home. When a house has been on the market for a long time, it leads buyers to ask, “What’s wrong with that property?” Without marketing efforts and some price cuts, you could end up with a big loss by selling a home on your own. There’s so many advantages to hiring a real estate agent including the fact that they have extensive knowledge and experience in the field.
Agents Work As A Buffer For You
With the amount of knowledge and experience that agents have, they are able to act as a buffer for you. Whether it be their presence during a home showing or being the point of contact for buyers, hiring an agent can save you a lot of time and aggravation when you’re selling a home.
There’s a lot of advantages to hiring a real estate agent to help you sell your home. They are your ally throughout the process. If you’re willing to take the dive and venture in selling your home on your own, just know that you’ll have your work cut out for you. The good news is that there’s plenty of information readily available to you, no matter what route you choose.
After you accept an offer on a home, you likely will only have a few weeks to pack up your belongings and vacate the premises. As such, there are many questions that home sellers need to consider at this point, including:
1. Where am I going to live?
If you haven't figured out where you're going to live after your home closing, there is no need to panic. Consider all of your potential living options now, and you can plan accordingly.
Oftentimes, friends and family members may be willing to provide you with a temporary place to live. These loved ones may enable you to stay in their houses until you buy a new residence. Or, in some instances, you may be able to permanently move in with friends and family members.
On the other hand, if you enjoy being a homeowner, you may want to kick off a home search right away. This will enable you to find a new place to live in the city or town of your choice. Also, if you work quickly, you may be able to finalize your home purchase around the same time that you sell your current house.
2. What is the homebuyer's next step?
In most cases, a homebuyer will have a set amount of time to schedule a home inspection after you accept his or her offer. Once the home inspection is complete, the buyer will receive a report that provides insights into the condition of your house.
For home sellers, a home inspection can be stressful. If a property inspector discovers problems with a residence, a buyer may choose to walk away from a home purchase or ask a seller to complete various home renovations.
When it comes to selling a house, it pays to be honest. If you provide honest responses to a homebuyer's questions about your residence, you can help the buyer make an informed purchase decision. Plus, with this approach, you can minimize the risk that a home inspection may lead a buyer to rescind his or her offer.
3. What will I need to do to finalize the home sale?
The time between accepting a home offer and reaching the closing date may seem endless. However, a patient home seller will be able to stay calm, cool and collected, even if challenges arise along the way.
As a home seller, you should try to do everything you can to reach the finish line of a property sale. If you maintain consistent communication with a real estate agent, you can seamlessly navigate all stages of the home selling cycle.
A real estate agent works on a home seller's behalf and will do everything possible to minimize potential pitfalls. Thus, this housing market professional is happy to respond to a home seller's questions to ensure this individual is fully supported in the weeks and days leading up to a home closing.
Collaborate with a real estate agent, and you can receive plenty of support throughout the home selling journey.