Our Real Estate Blog
If you do not know the process for selling a home it can raise your stress level some. It can also be a very unpleasant experience. During the process, you will have to endure a lot of opinions and suggestions that can either help you or end up hurting your efforts when the home sells. If you want to be successful in selling your home, then there are some things that you will want to consider before beginning the journey.
Get the Best Agent
Your real estate agent is called a listing agent. This is true if they are the one that listed your home. If your agent also is helping the buyer, then they can be the mediation between both parties. In order for them to represent both parties they must have approval by agreement of both parties in writing. This is important to know because as your agent they must represent your interests to the buyer. An agent that represents both parties could be accused of having a conflict of interest. When choosing your agent you will want to find one that is able to represent your interests effectively.
Have an Analysis Done on Your Home
It is the price that will eventually sell your home. If you price your home too low, you will end up losing money. But price if the price is too high, and you will make nothing because it will never sell. A comparative market analysis will be done by your agent. It will compare your home to others in the area. It will suggest what your home could potentially sell for. When you finally decide on a price your agent will put that price on the contract. The buyer will have to agree to that price, in writing, for it to become the sale price.
All sellers are responsible to disclose anything that could be wrong with the property. You will have to fill out a form that would list any problems that could potentially be wrong with the property. In this case the law favors the buyer as they are making a major purchase.
Get Your Home Connected
You will want to make sure to advertise your home. Your agent will be able to put the listing out for everyone to see but that is not the only thing you can do. Go ahead and take pictures of your home and use social media to advertise it. The more exposure you give your home the better it will sell. The real estate market is very competitive. If you want to sell your home fast, then you will have to do more than what everyone else is doing to market their own homes. But knowing how to create exposure will sell your home fast.
If a buyer rescinds his or her offer to purchase your house, there is no need to stress. In fact, there are many things you can do to rebound quickly, such as:
1. Address Any Problems with Your Home
Try to find out why a buyer chose to walk away from your residence. That way, you could receive valuable insights into any problems with your home.
For instance, if a buyer discovered myriad home problems during an inspection, you may want to devote time and resources to address these issues. Or, you may want to reduce your house's initial asking price.
You may want to hire home improvement professionals to perform assorted property upgrades as well. By doing so, you can receive comprehensive assistance with home repairs and ensure any property issues are resolved immediately.
2. Promote Your Home to Buyers
A home deal that falls through is not the end of the world. Thus, you should be ready to re-list your house and promote it to buyers. Because if you reenter the housing market, you can move one step closer to selling your home.
As you promote your home to buyers, you should keep your residence looking great both inside and outside. This will help you boost the likelihood that buyers will fall in love with your residence as soon as they see it.
Don't forget to consider the buyer's perspective, too. If you think about why a buyer might choose your home over other available residences, you may be able to highlight your house's distinct features to the right groups of buyers.
3. Consult with a Real Estate Agent
Let's face it – you may feel disappointed and frustrated if a buyer rescinds his or her offer to purchase your house. But if you work with an expert real estate agent, you can get the help you need to streamline the house selling journey.
A real estate agent understands what it takes to sell a house, and he or she is ready to assist you in any way possible. First, a real estate agent will learn about your home and ensure you can promote your residence to the right groups of buyers. He or she next will showcase your residence to prospective buyers and host home showings and open house events. Finally, if a buyer submits an offer to purchase, a real estate agent will help you review the homebuying proposal so you can make an informed decision.
Best of all, a real estate agent can help you minimize stress as you navigate the home selling journey. If you ever have concerns or questions during this journey, a real estate agent will respond to them immediately.
The home selling journey may be complicated, and ultimately, a buyer may choose to rescind his or her offer to purchase your residence. However, if you take advantage of the aforementioned tips, you can stay calm, cool and collected in the face of adversity. And as a result, you may be better equipped than ever before to seamlessly navigate the home selling cycle.
Navigating the home selling journey can be difficult, regardless of whether you're an experienced or first-time property seller. Fortunately, we're here to help you limit the possibility of encountering home selling problems that otherwise may prevent you from achieving your desired results.
Now, let's take a look at three tips to help you avoid risks during the home selling journey.
1. Learn About the Housing Market
What sets your residence apart from others on the real estate market? Ultimately, if you allocate time and resources to learn about the local real estate sector, you can promote your residence to the right groups of prospective buyers.
Take a look at the prices of homes that are similar to your own and are located in your city or town. With this real estate market information, you can narrow the price range for your residence.
Also, check out the prices of recently sold houses in your area and find out how long these homes were available before they were sold. This real estate market information will enable you to determine whether you're about to enter a buyer's or seller's market.
2. Establish an Aggressive Price for Your House
An aggressive initial home asking price can be a difference-maker during the home selling journey. Because if you have an aggressive asking price in place for your home, you could boost the likelihood of a fast house sale.
Conducting a home appraisal enables you to understand the value of your house based on its age, condition and the current state of the housing market. This appraisal is performed by a property expert, and it may help you establish an aggressive initial home asking price from day one of the home selling journey.
In addition, it may be beneficial to complete a home inspection. If a home inspector analyzes your residence both inside and out, he or she can help you identify potential problems. Then, you can perform various home upgrades to boost the value of your home.
3. Remain Flexible
The home selling journey typically varies from seller to seller. However, if you remain flexible as you proceed along this journey, you may be better equipped than other home sellers to identify and address problems before they escalate.
If you require extra assistance during the home selling journey, you may want to hire a real estate agent as well. This housing market professional can guide you along the home selling journey and take the guesswork out of listing your residence.
A real estate agent will help you add your residence to the housing market, promote your house to potential buyers and set up open house events and home showings. Plus, if you receive an offer to purchase your residence, a real estate agent will help you review this proposal and make an informed home selling decision.
Avoid problems throughout the home selling journey – use the aforementioned tips, and you can quickly detect and resolve any potential home selling issues.
For those who want to sell a house, it helps to plan ahead as much as possible. By doing so, you can identify potential home selling hurdles and address such problems.
To better understand how to prepare for the house selling journey, let's take a look at three questions that every home seller needs to consider before listing a residence.
1. What is my home worth?
What you originally paid for your house likely is very different from your home's current value. Fortunately, a home appraisal makes it simple to receive an accurate property valuation based on the current condition of your residence and various real estate market factors.
A home appraisal report generally can be prepared in just days. To obtain this report, a home seller will need to hire a property appraiser to analyze his or her residence. Also, a property appraiser will evaluate the current state of the real estate market, the prices of comparable residences that recently sold and other relevant housing market data.
Once you receive a home appraisal report, you can establish a competitive initial asking price for your residence. And with this price in place, you may be able to speed up the home selling journey.
2. Is my home an attractive option?
Think about what sets your house apart from others – you'll be happy you did. Because if you can differentiate your residence from the competition, you may be able to stir up lots of interest in your house as soon as it becomes available.
Oftentimes, it is beneficial to conduct a house inspection prior to listing a home. An inspection enables you to identify any underlying problems with your home. You then can prioritize and complete home repairs based on the inspection results.
You may want to allocate time and resources to bolster your house's curb appeal too. Remember, your home only gets one chance to make a great first impression on prospective buyers. If you enhance your residence's curb appeal, you can boost the likelihood that potential buyers will immediately fall in love with your home.
3. How can I maximize the value of my house?
There is no one-size-fits-all solution to promote a house to buyers. Lucky for you, real estate agents are available who can help you craft a custom home selling strategy.
A real estate agent is a home selling professional who understands what it takes to promote a house to the right groups of buyers. He or she will work with you throughout the home selling journey and do everything possible to ensure you can optimize the value of your house.
Best of all, a real estate agent is an expert home selling resource. And if you ever have concerns or questions as you sell your house, a real estate agent can respond to them at any time.
Want to streamline the home selling process? Hire a real estate agent today, and you can move one step closer to listing and selling your house.
Let's face it – selling a home may prove to be a long, arduous process, particularly for those who are listing a residence for the first time. Fortunately, we're here to help you simplify the home selling journey and ensure you can enjoy a pleasant home selling experience.
Now, let's take a look at three tips to make the home selling process quick and easy.
1. Evaluate Housing Market Data
The housing market frequently changes, and a seller's market today may transform into a buyer's market tomorrow. However, if you analyze housing market data, you can understand real estate segment trends and map out your home selling journey accordingly.
Take a look at the prices of recently sold houses in your city or town. This information can help you differentiate between a buyer's and seller's market.
Also, evaluate the prices of local houses that are similar to your own. This data will show you how your residence stacks up against the competition.
2. Hire a Home Appraiser
Although you might have received a great price for your house a few years ago, the value of your home likely has changed. As such, you should conduct a home appraisal to receive an accurate property valuation.
A home appraiser will look at your house's exterior and interior, along with assorted housing market data. Then, this appraiser can provide you with a valuation of your property. And once you have a property valuation in hand, you can determine how to price your house.
In addition, it often helps to complete a home inspection prior to listing your residence. Because if you perform a home inspection today, you can identify and correct any home problems that otherwise may slow down the home selling process.
3. Collaborate with a Real Estate Agent
If you're unsure about where to find housing market data or how to hire a home appraiser, there's no need to worry. Real estate agents are available in cities and towns nationwide, and these housing market professionals will do whatever it takes to help you sell your house.
A real estate agent is a housing market expert who is available to assist you in any way possible. For instance, if you need help pricing your house, a real estate agent can make it easy to establish a competitive initial asking price. Or, if you are debating whether to accept or reject a buyer's proposal, a real estate agent can help you make an informed decision.
Let's not forget about the comprehensive support that a real estate agent provides in the days and weeks after you accept an offer, either. This housing market professional will keep you up to date about a home purchase agreement as closing day approaches. And if you ever have home selling concerns or questions, a real estate agent is happy to respond to them.
Ready to list your residence? Take advantage of the aforementioned tips, and you can increase the likelihood of a fast, simple home selling journey.