Jeffrey Harrington's Blog
If you plan to sell your house, you likely will want to do everything you can to maximize its value. Lucky for you, we're here to help you obtain the best offer for your house, regardless of whether you're operating in a buyer's or seller's market.
Now, let's take a look at three tips to help you get the best price for your residence.
1. Enhance Your House's Curb Appeal
Curb appeal is a difference-maker for any home seller, at any time. If you allocate time and resources to boost your house's curb appeal, you may be able to differentiate your residence from the competition. Perhaps most important, improving your home's curb appeal may help you increase the likelihood of a fast, profitable home selling experience.
To improve your house's curb appeal, you should mow the front lawn, trim the hedges and perform any necessary home exterior upgrades. Consider the homebuyer's perspective, and you're sure to find lots of ways to enhance your house's appearance.
In addition, if you need help with home exterior upgrades, there is no need to stress. Many home improvement professionals are available in cities and towns nationwide, and these professionals are happy to help you transform your home's exterior from drab to fab.
2. Determine the Current Value of Your Home
A home appraisal may prove to be exceedingly valuable, particularly for a seller who wants to establish a competitive initial asking price for his or her house.
During a home appraisal, a property expert will examine a residence both inside and out. This expert also will evaluate various housing market data. Then, the property expert will provide a property valuation based on the appraisal results.
Once you receive a property appraisal report, you'll have a good idea about the current value of your residence. You next can use a property valuation to set a competitive price for your home from day one of the house selling journey.
3. Collaborate with a Real Estate Agent
As you look for ways to earn as much money as possible from your home sale, you may want to consider working with a real estate agent. Because if you have a real estate agent at your side, you can receive plenty of support at each stage of the home selling journey.
A real estate agent understands what it takes to optimize the value of a home. First, he or she will meet with you and learn about your house selling goals. A real estate agent then will help you determine the ideal initial asking price for your residence and promote your house to potential buyers. And if you receive an offer to purchase, a real estate agent will provide a recommendation about how to proceed.
Want to achieve the best-possible results during the home selling journey? Use the aforementioned tips, and you can move one step closer to maximizing the value of your house.
Looking to add your home to the real estate market? Ultimately, you'll want to do everything you can to maximize the value of your residence.
For home sellers, getting the best price for a residence may seem virtually impossible at times. Fortunately, we're here to help you plan ahead so you can get the best price for your house as soon as it hits the market.
Now, let's take a look at three tips to help you optimize the value of your residence, regardless of the current real estate market's conditions.
1. Examine the Housing Market
When it comes to the real estate market, it is important to understand how your residence stacks up against the competition.
Collect housing market data to learn about the real estate sector. Then, you can establish a "competitive" price for your home and boost your chances of a quick home sale.
Typically, home sellers should look at the prices of currently available residences in their cities and towns. This will enable home sellers to understand the local real estate market and establish a price range for houses that are similar to their own.
Don't forget to review the prices of recently sold houses as well. With this housing market data in hand, home sellers can find out whether they are about to enter a seller's or buyer's market.
2. Complete a Home Appraisal
Let's face it – what your home is worth today is unlikely to match what you initially paid for your residence. If you have completed a wide range of home upgrades over the years, the value of your residence may have increased. Or, if you failed to maintain your house's interior and exterior, your residence's value may have fallen.
A home appraisal will enable you to learn about your house's strengths and weaknesses. This assessment is performed by a professional property inspector who will take a close look at your house's interior and exterior. After the assessment is finished, the property inspector will provide you with a report that can help you price your house appropriately.
If you want to boost your home's value after a home appraisal, you can always complete various home interior and exterior improvement projects. That way, you can enhance your house both inside and out and move closer to maximizing the value of your home.
3. Consult with a Real Estate Agent
A real estate agent is a difference-maker for home sellers, and for good reason. This housing market professional will do everything possible to help you prep your house and ensure you can receive the best price for it – without exception.
Usually, a real estate agent will set up home showings and open houses, negotiate with homebuyers on your behalf and much more. He or she will even provide honest, unbiased home selling recommendations to ensure you can streamline the home selling journey.
Don't leave anything to chance as you get ready to add your house to the real estate market. Use these tips, and you should have no trouble getting the best price for your house.
Getting the best price for your home may seem like a major challenge, particularly for a first-time home seller. Lucky for you, we're here to teach you what it takes to maximize the value of your home.
Now, let's take a look at three simple ways to optimize the value of a residence in any housing market, at any time.
1. Analyze the Housing Market
Are you operating in a buyer's market or a seller's market? A first-time home seller who understands the differences between these types of housing markets can boost his or her chances of getting the best possible results during the home selling journey.
Take a look at the prices of recently sold houses in your city or town. That way, you can learn how long homes were available before they sold and learn about the demand for residences in your region.
Furthermore, don't forget to look at the prices of homes that are currently available and similar to your own. With this housing market data in hand, you may be better equipped than other home sellers to establish a competitive price for your house.
2. Conduct a Home Appraisal
A home appraisal is exceedingly valuable to a first-time home seller, as it enables a property seller to learn about a house's strengths and weaknesses.
During a home appraisal, a property inspector will examine a residence's interior and exterior. This inspector will spend several hours evaluating a residence, and after the assessment is complete, provide a comprehensive report that details his or her findings.
Analyzing the results of a home appraisal report is paramount. This will allow a home seller to find out what he or she can do to upgrade a home. Then, a home seller can allocate the necessary time and resources to transform assorted home weaknesses into strengths.
3. Collaborate with a Real Estate Agent
A real estate agent is a home selling expert, and as such, this housing market professional will do what it takes to help a first-time home seller optimize the value of a residence.
Typically, a real estate agent will help a home seller navigate all steps of the property selling journey. He or she will promote a residence to potential homebuyers, set up home showings and open houses and negotiate with homebuyers on a seller's behalf.
Perhaps best of all, a real estate agent is happy to help a home seller make informed decisions. This housing market professional will even teach a home seller about the real estate market and provide honest, unbiased home selling recommendations.
For a first-time home seller, navigating the real estate market may seem virtually impossible. But with a real estate agent at your side, you can streamline the home selling process and move one step closer to optimizing the value of your house.
Take advantage of the aforementioned tips, and a first-time home seller can increase the likelihood of receiving a great price for his or her residence.
If you’re selling your home it can be frustrating when you aren’t receiving any offers. Perhaps you’ve heard that it’s a seller’s market and that the offers on your house would be flying in. However, it’s more complicated than that.
Whether or not your house receives offers is determined by a number of reasons--some that in your control, others that aren’t. But, that doesn’t mean you have to give up and sell your house at a low price.
In this article, we’ll discuss what to do if your house just isn’t selling. We’ll talk about some reasons why people may be hesitant to bid, to inquire about a showing, and to seal the deal and purchase your home.
Revisit the comparable properties
If your home has been on the market for a while, it’s a good idea to check out the other recent homes in your neighborhood to see how their prices compare to the listing price of your home. Since the market fluctuates, other sellers could be adjusting the cost to reflect the current rates, leaving yours higher than it should be.
When pricing your home, make sure you are comparing your house to those that have actually sold. Using houses that have been on the market for a while as a baseline might mean you’ve priced your home too high to sell just like theirs.
Also, make sure you are using houses that share many of the common features that yours does. This can include:
The year the house was built
Number of bedrooms and baths
The lot size
The condition of the home
Remember, it isn’t all just about location.
Getting more leads
If people aren’t making inquiries about your home, there are a few things you should check up on. First, make sure your listings are updated and accurate. The contact info should be easy to find, and you or your real estate agent should provide multiple means of contact (email, cell phone, text, etc.).
Next, ensure that you’ve given enough details about the house. If people are searching for a specific number of rooms but your listing doesn’t mention the number of rooms you have, you might be missing out on several inquiries.
Finally, make sure your photos are high resolution and well-lit. You want to make sure visitors to your listing can get a clear idea of what your home looks like. If your photos are small, dark, blurry, or if they make the house look cramped and cluttered, you should retake your photos or consider hiring a photographer.
Getting more offers
If you’ve had plenty of inquiries and showings but you aren’t getting any offers there may be a deeper, underlying issue that needs to be addressed. Usually, this means your home needs important repairs and upgrades that buyers simply don’t want to make.
If your house is priced to be move-in ready but it’s not, you’ll have to make some upgrades or lower the price.
Not working with an agent
Sellers can also have a difficult time getting offers if they attempt to sell the home themselves without using a real estate agent. If your home is FSBO (For Sale by Owner), you’re missing out on a number of listing services and connections that an agent can provide.
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.