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.
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.
For home sellers, maximizing the value of your residence is key. However, it is important to remember the dangers associated with overvaluing your house.
If you overprice your residence, homebuyers may choose to look elsewhere for their dream house. As such, it may take you many weeks, months or years to sell your residence if you fail to price it correctly from the get-go.
So what does it take to avoid the risk of overpricing your home? Here are three tips to help home sellers set a fair price for any residence, in any real estate market, at any time.
1. Review the Housing Market in Your Area.
Spend some time assessing the local housing market – you'll be glad you did. This will enable you to better understand how your home compares to other residences in your city or town so you can price your house accordingly.
Check out the listing prices of homes that currently are available as well as the sold prices of residences that recently were purchased. By doing so, you'll be able to collect a broad assortment of housing market data and use this information to determine the right price for your house.
2. Get Your Home Appraised.
A home appraiser will conduct an in-depth examination of your residence, help you identify problem areas and determine your house's value. That way, you'll be able to enter the real estate market with realistic expectations and set a fair asking price based on your home appraisal.
Furthermore, a home appraisal offers valuable insights into ways that you can improve your home. The assessment will allow you to learn about the pros and cons of your home, and ultimately, determine the best ways to transform your house's weaknesses into strengths.
Don't forget to evaluate your home's interior and exterior as well. Completing home improvement tasks will improve your residence inside and out. Plus, performing home maintenance may allow you to set a higher asking price than you initially expected.
3. Hire an Experienced Real Estate Agent.
Let's face it – navigating the real estate market can be a long, arduous process. Thankfully, real estate agents are available that possess extensive industry experience and know-how, ensuring you can set the right price for your house without delay.
Perhaps best of all, a real estate agent understands the ins and outs of both buyer's and seller's markets. As such, he or she can offer recommendations about how to price your home, enhance your house's interior and exterior and much more.
With the right real estate agent at your disposal, you should have no trouble setting a fair price for your home. In addition, this professional will do whatever it takes to promote your house to the right homebuyers consistently, bolstering your chances of optimizing the value of your residence.
Don't leave anything to chance when you sell your home. Instead, employ a real estate agent, and you can speed up the process of selling your residence.
When you sell your home, there’s a cost associated with getting a return on your investment. Certain mistakes that many sellers make when deciding to sell their home can actually cost thousands of dollars in expenses. Before you decide to sell, read on to see what you can do to avoid unnecessary consequences.
Hire A Professional To Sell Your Home
Many people think that they can sell their home on their own. It’s the best practice to hire a professional to sell your home. Even in a seller’s market, a realtor can help you to get the best price on the sale of your home.
Remove Your Things Before The Sale Of The Home
Your clutter will undoubtedly affect the value of your home. People can’t see what their life would be like in your home if there’s too many things in the way. While one man’s trash sometimes is another man’s treasure, it certainly isn’t in the case of selling your home.
Don’t Leave An Empty House For The Showing
While too much clutter is bad, it does make a difference for the home to actually be lived in. If possible, don’t leave a completely empty home. Buyers need something to help them visualize what life will be like living in the home. Home searchers want to see how functional the home will be for them.
Don’t Neglect Repairs
You should take care of any repairs that need to be made before your home goes on the market. Any repairs that you don’t make will likely be discovered during the home inspection. Before you even list your home, make sure that you take care of any major issues that are around your home like a leaky roof or cracked tile. This will save you a major headache later, because you won’t need to scramble to fix things after the home inspection. Buyers will also be more impressed with the home if there’s little to fix.
Don’t Overprice Or Underprice Your Home
If you don’t properly price your home, it could lead to a few major issues. You may be left wondering if you could have made more money on your home. On the flip side, your home could sit on the market for a long time, leaving buyers wondering what could be wrong with your property as to why it’s not selling.
Be Sure To Stage The Home
People will purchase a home based on what they see and how they feel. If your on-the-market home doesn’t look polished, there will be less interest in it. You don’t need to go overboard and make your home look like something out of a magazine, just make sure it’s clean. Things like dirty laundry on the floor, trash laying around, and papers on the tables are big turn offs for buyers.
With a little planning, the sale of your home should be a smooth and profitable one.