Paula Callanan's Blog
Home sellers often face an uphill climb to maximize the value of their residences, and perhaps it is easy to understand why.
In many instances, dozens or hundreds of home sellers may compete against one another to generate interest in their properties. Plus, home sellers who fail to allocate the necessary time and resources to enhance their residences may struggle to differentiate their houses from others.
Fortunately, there are many quick, easy ways for home sellers to gain a competitive edge in any real estate market, at any time. Some of the best ways for home sellers to gain a competitive advantage over rivals include:
1. Focus on Improving Your Home's Curb Appeal
You only get one chance to make a positive first impression on homebuyers, so why not make the most of it? Ultimately, home sellers who spend some time revamping a house's curb appeal may be able to generate substantial interest from homebuyers.
Simple home exterior maintenance tasks such as mowing the front lawn, trimming the bushes and clearing walkways can make a world of difference in homebuyers' eyes. Thus, home sellers who complete various home exterior enhancements could accelerate the home selling process.
2. Be Ready to Act Quickly on Offers
As a home seller, try to be as flexible as possible, particularly when it comes time to accept, reject or counter a homebuyer's offer.
A home seller who conducts plenty of housing market research will understand the true value of his or her residence. As such, this home seller will be able to act quickly and determine whether a homebuyer's proposal meets his or her needs.
In addition, be ready to negotiate with homebuyers. And remember, if a homebuyer submits an initial offer that is close to your expectations, you can always counter his or her proposal.
3. Collaborate with a Real Estate Professional
When it comes to selling a home, there is no better option than hiring an experienced real estate agent.
Your real estate agent will help you set up home showings and open houses, keep you up to date about offers on your residence and help you handle home selling negotiations. This real estate professional also can provide feedback about your home, ensuring that you can make the necessary home improvements to help your residence stand out from others.
Furthermore, your real estate agent is ready to respond to your home selling concerns and queries at any time. If you ever have questions about how to price your home competitively or how to proceed with an offer on your house, your real estate agent will be able to offer expert guidance.
With an experienced real estate agent at your side, you can navigate the home selling process with ease. This real estate professional will go the extra mile to ensure that your residence will impress homebuyers. As a result, your real estate agent can help you gain a competitive edge over home selling rivals.
A home seller likely faces an uphill struggle, regardless of whether he or she is about to enter a buyer's or seller's market. Fortunately, with a home selling checklist, a seller can plan ahead for the home selling journey. As a result, this seller can increase the likelihood of a quick, profitable home selling experience.
Now, let's take a look at three things to include in your home selling checklist.
1. Home Repairs
Although you've allocated significant time and resources to maintain your home's condition over the years, even minor home problems may slow down the home selling process. But if you identify home problems today, you can resolve these issues before you list your residence.
Consider the homebuyer's perspective as you assess each room of your house. If you notice cracks in the walls or ceiling, defective light fixtures or other home issues, you should correct these problems as soon as possible.
In addition, it may be helpful to conduct a home inspection. If a home inspector evaluates the condition of your house, you may be able to learn about assorted home problems that you otherwise might not notice on your own. Then, you can fix these issues and ensure they won't impact your ability to maximize the value of your house.
2. Home Price
What you paid for your house several years ago is unlikely to match the value of your house today. Luckily, if you study the housing market, you should have no trouble establishing a competitive price for your residence.
Examine the prices of recently sold houses in your area that are similar to your own. That way, you can establish a price range for your house.
Also, it often helps to hire a home appraiser. After a home appraisal, you'll receive a property valuation, and you can use this figure to set a competitive price for your residence.
3. Real Estate Agent
Although it may be tempting to try to sell your house on your own, it usually is a great idea to hire a real estate agent. If you work with a real estate agent, you can avoid potential home selling hurdles. Plus, a real estate agent possesses comprehensive industry expertise and will help you achieve the best possible results throughout the home selling journey.
Dozens of real estate agents are available in cities and towns nationwide. To find the best real estate agent in your area, reach out to local real estate agents and learn about their expertise. Next, set up face-to-face meetings, and you can find a real estate agent who can help you accomplish your home selling goals.
Don't forget to ask a real estate agent for client referrals too. If you can contact a real estate agent's past clients, you can learn what it's like to work with this housing market professional before you make your final hiring decision.
Ready to sell your house? Include the following items in your home selling checklist, and you can boost your chances of a fast, seamless home selling experience.
As a homebuyer, entering the real estate market with insights into what it takes to find the perfect house is essential.
Becoming an expert homebuyer, however, may seem impossible at times. Lucky for you, we're here to help you gain the knowledge and skills you need to make your homeownership dreams come true.
What does it take to become an expert homebuyer? Here are three tips to help you do just that.
1. Look at Real Estate Market Trends
The housing market ebbs and flows. Therefore, a seller's market today may transform into a buyer's market tomorrow.
Ultimately, the real estate market fluctuates constantly, and you'll want to learn as much as possible about the housing sector to ensure you can map out your homebuying journey accordingly.
In a buyer's market, there are usually more home sellers than buyers. This means homebuyers may be better equipped than ever before to secure a top-notch house at a budget-friendly price.
On the other hand, a seller's market features an abundance of homebuyers and a shortage of sellers. For homebuyers who operate in a seller's market, they may be forced to submit competitive offers on homes quickly, or risk missing out on a dream residence to a rival.
When you study the housing market, don't forget to check out the prices of residences that recently sold. By doing so, you can gain a better understanding of how much you'll likely need to pay to acquire a first-rate house based on the current state of the housing market.
2. Learn How a Mortgage Works
What differentiates a fixed-rate mortgage from an adjustable-rate option? An expert homebuyer will know the ins and outs of assorted mortgage options and select one that corresponds to his or her finances.
To learn about mortgages and how they work, you'll want to meet with credit unions and banks. These lenders can describe the different types of mortgages and the pros and cons associated with them.
Also, an expert homebuyer will get pre-approved for a mortgage. With a mortgage in hand, this homebuyer will be able to stick to a price range as he or she searches for the ideal home.
3. Collaborate with a Real Estate Agent
Let's face it – no homebuyer can afford to make mistakes. Fortunately, you can work with a real estate agent to receive expert guidance as you navigate the homebuying journey.
A real estate agent boasts the skills and know-how needed to streamline the homebuying process. He or she may have many years of housing market experience and is happy to teach you about the opportunities and challenges associated with buying a house.
Furthermore, a real estate agent will help you accelerate the homebuying cycle. He or she can set up home showings, negotiate with home sellers on your behalf and much more. That way, you can focus on what's important – finding a terrific house at an affordable price.
Take advantage of the aforementioned tips, and you can become an expert homebuyer.