Jeffrey Harrington's Blog
If you're ready to sell your home, you may wonder if the time is right. Timing is truly everything when you’re selling a home. If you have some flexibility, it might be a good idea to wait to sell your home. Even with time constraints, there are a few strategies to employ that can help you find the sweet spot in your time frame.
The Month Matters
It’s widely accepted in the real estate community that the best time to sell a home is in the spring. Since people want to get moved in over the summertime, May could be the best month of the year to put your home on the market.
Springtime offers favorable weather conditions in most places. The good weather means that it’s easy for buyers to get to open houses. Homes will also look more attractive with green grass and flowers blooming. Parents also want to get their kids settled into a new home and new neighborhood over the summer months before they start a new school.
The favorable conditions along with the urgency of springtime buyers translate into more competition which equates to a better price tag for your home because buyers are willing to pay more due to the anxiety of wanting to find a place.
The Day Of The Week Matters
Most buyers start looking for homes when they have free time which is generally on the weekend. That means the end of the week- preferably a Thursday- is a good day to pick to list your home. Homes that were listed earlier in the week will be farther down on the search page. Buyers will be more likely to see your listing first the later in the week that it’s listed.
Consider Your Needs
While timing is a good marketing strategy to sell your home, you need to go by your own timeline. If you need to move due to a job change or other life circumstances, you can’t wait to sell. There are pros to selling during many different times of the year; it just may not be as busy or competitive on the buyer’s side of things. Selling your home fast might not be a sure thing. No matter what time of year you decide to sell your home, just make sure it’s inviting to buyers.
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.
When you think of buying or selling a house, the first thing that comes to mind may not be the legal aspects associated with the process. You may want to reconsider this rather boring part of the process as an important one. Hiring a lawyer can help both buyers and sellers to get through many hurdles that buying a home can present.
There will be many negotiations and a lot of back and forth throughout the process of buying a home. Everything that’s involved with buying a home needs a contract for it to be legally binding. A real estate attorney will negotiate on your behalf and be sure that the contracts adhere to all state and local laws. The lawyer will also help you to address issues that may affect the future of the property such as botched inspections, liens against the home, and other items that could affect you as the home buyer.
Real estate attorneys will perform what is called a title search. This allows them to see if there are any outstanding liens or judgements against the house. This title search will also make sure that the seller has the right to actually sell the property that’s being sold. An attorney can do all of this much quicker than the average person since they have working relationships with title companies.
Transfer Of Property
If a property is being transferred through a corporation, trust, or partnership, things can get complicated. It’s good to have an attorney who is used to working with these complex situations and understands the legal boundaries within the state or municipality that the property is in.
If You Choose Not To Have A Real Estate Attorney
Many times, a real estate attorney isn’t required to buy a property. It is advisable to have one, however. Without an attorney you increase your chances of problems arising in the future. You run the risk of:
- Being sued for failure to disclose information
- An improper property transaction takes place
- You could miss relevant facts about the property
- Failing to file the correct documents at both the state an local levels
- Deeds are not transferred
- Building permits weren’t correctly filed
Having a real estate lawyer on your side is important due to the complex nature of property transactions. While some states require that an attorney be present throughout your property transaction, many states do not have this stipulation. You are smart to hire a competent real estate attorney to protect your own interests as either a buyer or a seller.
Even though most of the details of selling your home are usually handled by other people -- hopefully competent professionals -- it still can be a stressful experience.
Major life changes are a "mixed bag" when it comes to the effect they have on your mental equilibrium. On one hand, change can open up new doors of opportunity and give you a fresh lease on life. On the other hand, it forces you to step out of your comfort zone and deal with the element of unpredictability.
While every situation is different and there's no panacea for the stress that accompanies life transitions, here are a few strategies that will help make the road less bumpy.
- Choose an experienced real estate agent or Realtor who will provide the guidance, day-to-day support, and expertise you need to avoid many of the pitfalls and frustrations of selling a house. If you know you're in good hands, you'll have less of a tendency to worry about how things are going. The ideal real estate agent will instill confidence in you, provide you with regular progress reports, and do everything they can to make sure the sales process and other logistics keep moving forward and staying on track. They'll also provide you with good advice on how to effectively stage your home to improve its marketability.
- Go with the flow. Accept the fact that you'll need to keep your home immaculately clean, every day, to make the best possible impression on prospective buyers. There are also plenty of other tasks and challenges you'll have to deal with along the way. Sometimes it helps to remind yourself of the famous serenity prayer written by American theologian Reinhold Niebuhr back in the 1930's: "Grant me the serenity to accept the things I cannot change, courage to change the things I can, and wisdom to know the difference."
- Get enough sleep every night: Nothing undermines one's coping ability, patience, and resourcefulness more than struggling against a sleep deficit. Getting enough sleep, which is somewhere in the neighborhood of eight hours a night, is more crucial to one's physical and mental well-being than many people realize. When you prioritize getting a full night's sleep, you'll generally be able to think more clearly, keep setbacks in their proper perspective, and do a better job of rolling with the changes.
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.