Jeffrey Harrington's Blog
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.
Ready to launch a search for your dream home? Ultimately, you'll want to do everything possible to streamline your home search to boost your chances of getting the best possible results.
There are many best practices for conducting a successful home search, and these include:
1. Define Your Homebuying Criteria
The definition of the "perfect" home varies from property buyer to property buyer. This means that your definition of the perfect home is unlikely to match that of a friend or family member.
Think about what separates an ordinary home from a can't-miss residence. Then, you'll be able to narrow your home search and map out a successful homebuying journey.
As you consider the perfect home, make a list of homebuying "must-haves." For example, if you want a garage where you and your wife can park your cars, a two-car garage is a homebuying must-have. Or, if you want a home that's close to high-quality schools that your kids can attend, buying a house in a great school district is a must.
2. Get Home Financing
Although your ultimate goal is to acquire a top-notch residence, you'll likely need financing to help you transform your homebuying dream into a reality. Fortunately, many banks and credit unions are available to teach you about a wide range of mortgage options.
Meet with several banks and credit unions – you'll be glad you did. These lenders can educate you about the different types of home loans and help you get pre-approved for a mortgage.
After you receive pre-approval for a mortgage, you're good to kick off your home search. In fact, with a mortgage in hand, you can tailor your search to homes that fall within a specific price range.
3. Work with a Real Estate Agent
Regardless of your homebuying goals, it pays to work with a real estate agent. That way, you can receive expert assistance as you search for houses in various cities and towns.
A real estate agent is happy to teach you the ins and outs of purchasing a house. By doing so, this housing market professional can help you become a real estate expert in no time at all.
Furthermore, a real estate agent will set up home showings, keep you up to date about new houses that become available and help you submit home offers. This housing market professional is committed to your homebuying success and will do whatever it takes to assist you along the homebuying journey.
Perhaps best of all, a real estate agent is available to respond to any homebuying questions that you may have. No homebuying question is ever too big or too small for a real estate agent, and as a result, this housing market professional will make it simple for you to make an informed homebuying decision.
Launch a successful home search today – use the aforementioned best practices, and you can increase the likelihood of discovering your dream home.
If you plan to sell your house and need to declutter quickly, hosting a yard sale may prove to be ideal.
Ultimately, a yard sale enables you to get rid of excess items and earn extra cash at the same time. It also may help you connect with neighbors and lay the groundwork for long-lasting friendships.
When it comes to hosting a yard sale, it is important to sell the right items to the right buyers. By doing so, you can increase your chances of transforming an ordinary yard sale into a successful one.
Now, let's take a look at three items to sell during your yard sale:
If you're moving from a warm-weather climate to a cold region – or vice-versa – you should sell clothing that you no longer need.
Wash any clothes that you plan to sell as part of your yard sale. This will ensure all clothes are stain-free.
Furthermore, consider the buyer's perspective as you determine which clothing to sell. And if you find that some of your t-shirts, turtlenecks and other clothes are faded or ripped, you may want to dispose of these items altogether.
TVs, video game consoles and other electronics often prove to be popular yard sale purchases. As such, if you have excess electronics, you should sell these items at your yard sale.
If you plan to sell an old desktop or laptop computer, make sure to clear the hard drive. This helps eliminate potential cybersecurity headaches down the line.
Also, test any electronics to ensure they work properly. If electronics are battery-operated, install batteries to make it easy for yard sale shoppers to test these items. Or, if electronics require an electrical outlet, set up a power source that allows potential buyers to try these electronics.
If you are moving to a new house that already has a refrigerator, washer, dryer and other appliances, a yard sale provides an excellent opportunity to sell your current appliances.
Be realistic when you set prices for your home appliances. Check out the prices of brand-new and used appliances, and you can establish a price range for your appliances based on their age and condition.
In addition, don't hesitate to negotiate with buyers on appliance prices. Because if you fail to sell your appliances at your yard sale, you may be forced to move these big, heavy items on your own.
Those who understand which items to sell at a yard sale should have no trouble stirring up plenty of interest in any yard sale, at any time.
Lastly, if you want extra help as you plan for a yard sale, a real estate agent can offer expert assistance. This housing market professional can provide home decluttering tips to ensure you can sell the right items during your yard sale.
Start planning for a yard sale today, and you can move one step closer to decluttering and selling your house.
Sweeping, dusting, and moppingLet's face it, the Swiffer is a great invention. It mops, sweeps, and dusts without the mess of a bucket of water. Plus it's lightweight and versatile making it useful for many surfaces around the home. The down side? Having to buy all of those expensive replacement pads. If you're like me, you feel a twinge of guilt whenever you throw out at item that seems wasteful. For me, cleaning supplies are the epitome of wastefulness. So, instead of using the throwaway pads you could do a a few things. First, you could buy a reusable pad online. Some are designed to fit various sweepers. Alternatively, there are some cloths that you can buy at your local dollar store that will fit onto your sweeper just fine. Once one gets dirty, put the next one on and sink wash them all when you're done. The other option is to knit or crochet your own sweeper cover. There are lots of patterns online that will help you get started, plus a hand-made cloth adds more meaning to the mundane work of sweeping the house. For those spots you don't dust with your sweeper-duster (like a TV, or the tops of picture frames), you could always dust with your used dryer sheets that you'd otherwise just toss in the trash. Keep them in a bag in your cabinet so you remember to use them.
Go paperlessPaper towels and napkins are always expensive and seldom on sale. Plus, all that paper usage does a number on the environment. Instead of reaching for a paper towel at dinner, keep a stack of microfiber cloths, handkerchiefs, or hand towels. When this isn't possible, like in the case of a big cookout, use choose-a-size paper towels to get more usage out of a roll. And speaking of choosing a size, the next time you buy sponges or "magic erasers," cut them in half to double the length of time you can use them.
Cleaning solutionsMaking your own cleaning solutions has many benefits. First, you get to save money because the supplies tend to be cheap, household items. Second, you get to avoid all of the harsh chemicals that are often added to commercial cleaners, helping your health and the environment. Third, you can make them in bulk and not have to worry about them running out. Recipes for homemade cleaning solutions and air fresheners are abundant online. In general, however, they rely on a few simple ingredients: water, vinegar, baking soda, and some type of citrus like lemons, limes, or oranges.
You may have been thinking that you’d like to sell your home. You probably want to sell it at the right time and you want to go about it for the right reasons. There’s so many different that you may want to sell your home that you probably haven’t even thought of.
There’s Not Many Homes To Choose From
If there’s a lack of inventory on the housing market, it’s a great time to put your home up for sale. Certain times of the year have lower inventory than others, so you may want to consider the fall and winter as a prime time to sell. If you know your home is in a great location, or has little work to be done in it, you’re probably going to want to sell sooner rather than later if you have been contemplating the idea in a low inventory market.
Remember That Spring Starts Early
Especially in warmer climates, “spring” is a relative term and can start as early as January. People will start their searches online early in the year and the demand for homes only becomes more crucial as the year goes on. The earlier the listing, the better chance the home has to stand out on the market, even if it doesn’t sell right away. In fast moving real estate markets, it may not matter what time of year you sell your home. If the demand is there, you have a great chance to sell the home.
The lower the price point on a home, the faster it will generally move off the market. First-time homebuyers want homes and they want them fast. when your home is priced lower, it’s probably going to move a bit faster no matter when or where you’re selling it. Buyers are always looking for a good deal.
Interest Rates Affect Home Sales
If there’s rumors that interest rates will rise in the coming months, buyers will be on the hunt for a home. That’s when it’s a good time for you as a buyer to put your home on the market. When buying power for those searching is high, you’re better off selling because you’ll get a lot of interest. Your home will leave the market much faster as well.
The Decisions Is Yours
Selling your home is not a small decision. You’ll need to find another place to relocate to. Your kids may have to switch schools, and your lives can be a bit disrupted in the process of moving. If you think the time is right to move, you can keep the above suggestions in mind in order to make the entire process a bit more seamless for you.