Our Real Estate Blog
If you want to list your home, it generally is a good idea to address any house selling concerns right away. That way, you can alleviate these concerns before they slow down the home selling process or prevent you from accomplishing your desired home selling results.
Now, let's take a look at three common home selling concerns, as well as tips to help you resolve these issues.
1. Meeting Your Home Selling Timeline
If you want to sell your home by a specific date, it often helps to establish house selling milestones. Then, once you have these milestones in place, you can determine the steps you'll need to take to stay on track with your home selling timeline.
Of course, it typically helps to maintain flexibility relative to your home selling timeline. If you can quickly adjust your house selling timeline as needed, you may be better equipped than ever before to enjoy a seamless home selling experience.
2. Determining the Right Initial Asking Price for Your Home
How you price your residence can have major ramifications on your house selling experience. If you conduct a home appraisal, however, you can gain the insights you need to establish a competitive initial asking price for your home.
A home appraisal usually won't take long to complete, and the evaluation enables you to obtain a property valuation. Once you have this valuation, you can use it to price your residence competitively – something that could help you speed up the home selling journey.
3. Optimizing Your Home Sale Earnings
As a home seller, your goal is likely to earn as much as you can from your house sale. Yet optimizing your home sale earnings may be difficult, particularly if you fail to promote your residence effectively. But if you learn about your target buyer, you could boost the likelihood of getting the best price for your residence.
Think about your home and why a buyer may want to purchase it. Next, you can craft a home listing to highlight your house's amenities and features to the right groups of buyers.
Take a look at the local housing sector, too. If you find out how your residence stacks up against comparable houses in your city or town, you may discover innovative ways to differentiate your home from the competition. And as a result, you could reap the benefits of a fast, profitable home selling experience.
Lastly, if you require extra help during the home selling journey, don't hesitate to contact a real estate agent. This housing market professional can offer tips and recommendations to help you identify and address home selling hurdles before they get out of hand. Best of all, if you ever have concerns or questions at any point in the home selling journey, a real estate agent is happy to respond to them.
Want to add your house to the real estate market? Address the aforementioned home selling concerns, and you can enter the housing market with a plan in place to achieve the optimal results.
Selling a home takes patience. Especially when you’re balancing your time between settling into your new home, and keeping up with your work and family life. So, when you’ve finally gotten to the point of accepting an offer on your home, you’ll probably breathe a sigh of relief--and you should! However, there are still a few more things that will need to happen and a couple of things to consider before closing the deal on your home sale.
Contingencies on the purchase contract
A purchase contract typically includes contingency clauses that are designed to protect the interests of both the buyer and the seller. These clauses mean that the contract is contingent upon the actions being completed before it can be legally valid.
There are three main contingencies that will likely be included in the purchase contract before closing--inspection, financing, and appraisal.
The inspection contingency allows the buyer to have the home inspected by a professional before closing (the time should be specified within the contract, but the inspection should usually occur no more than two weeks after you accept the offer). A home inspection lets the buyer know what to expect in terms of repairs that the home needs now or will need in the near future.
Since the vast majority of buyers will be purchasing their home through a loan, a financing contingency is included to allow the buyer time to secure their mortgage. Getting pre-qualified and pre-approved makes this process easier, but the buyer will still have to finalize and close on their mortgage before their financing is official.
This clause exists to protect the buyer in the event that their mortgage application is denied, ensuring that they aren’t penalized.
The third contingency most often found in purchase contracts is a home appraisal. The buyer will order an appraisal and then the appraiser will reach out to you to find a day to come and value your home.
If the home is then appraised at the amount agreed upon in your contract, this contingency is met. However, if the appraisal comes up lower than the purchase amount, the buyer can renegotiate the price.
Walkthrough and closing
Once the appraisal and inspection have been met and financing secured, the buyer will have a chance to do a final walkthrough of your home. The walkthrough usually occurs no more than two days prior to closing on the sale. A walkthrough allows the buyer view the home one last time to ensure that the condition of the home hasn’t drastically changed since the home was inspected or appraised. So, make sure the buyer is aware of any changes you planned to make to the home before closing.
Now you’re ready to close on your home sale. You’ll receive a disclosure form to review (read it carefully!) and sign. Once closing is complete, ownership of the home is officially transferred to the buyer.
While the closing process does include several steps, it’s important to be available and cooperative along the way to ensure a smooth sale and transition into your new home.
If you plan to sell your house in the near future, now may be a great time to host a garage sale. That way, you can get rid of excess items, declutter your house and earn extra cash at the same time.
Ultimately, hosting a successful garage sale can be easy – here are three best practices to help you get ready for a garage sale.
1. Organize Your Inventory
A garage sale provides an excellent opportunity to sell a broad range of items – everything from kitchen appliances to gym equipment. As such, you'll want to sort through your belongings and separate must-keep items from those you can live without.
Organize belongings based on where they go in a home – you'll be glad you did. This will enable you to plan ahead for how you'll showcase various items during your garage sale.
Moreover, if you find some items are no longer usable, you should get rid of them altogether. Dispose of any damaged items, and you can immediately remove clutter from your residence.
2. Price Your Items Competitively
One person's junk is another person's treasure, and if you understand the true value of your belongings, you'll be able to price them competitively during a garage sale.
If you plan to sell electronics, jewelry or other high-end items at your garage sale, it often pays to perform research to learn about the true value of these items. Performing an online search of an item will help you see how various sellers around the globe are pricing the same item. Or, you can always contact local retailers directly for expert pricing insights as well.
In addition, consider the age and condition of an item before you price it. If an item looks brand new and performs great, you may be able to earn a significant profit from it. On the other hand, if an item shows signs of aging, you may want to lower your pricing expectations.
3. Promote Your Garage Sale to the Right Audience
Create flyers that you can post around your neighborhood to promote your garage sale. These flyers should include information about the date, time and location of your garage sale, thereby making it easy for those who see the flyers to find your event.
Don't forget to post details about your garage sale online too. Share information about your garage sale with family members and friends on social networks, and you should no trouble stirring up plenty of interest in your event.
Lastly, if you're planning to sell your house and need help getting your residence show-ready, you may want to consult with a real estate agent.
A real estate agent can offer expert tips to help you declutter your residence and ensure that your house is an attractive option to homebuyers. Furthermore, a real estate agent may even be able to help you prep for a garage sale, increasing the likelihood that you can make this event an instant success.
Selling a house should be a fast, simple process. Unfortunately, potential pitfalls may arise that make it tough to achieve the best-possible home selling results.
Lucky for you, we're here to help you prepare for the home selling journey.
Now, let's look at three steps that every home seller should take before listing a house.
1. Evaluate the Real Estate Market
The housing market fluctuates week to week. Thus, a real estate market that favors sellers one week may favor buyers the following week, or vice-versa.
A home seller should examine real estate market data closely. By doing so, this seller can analyze housing market patterns and trends and plan accordingly.
Take a look at the prices of recently sold houses in your city or town. This housing market information will allow you to see how long homes were listed before they sold and help you set realistic expectations for the home selling journey.
Also, examine the prices of local residences that are comparable to your own. With this housing market data, you may be better equipped than ever before to establish a competitive price for your house.
2. Conduct a Home Inspection and Appraisal
Don't wait to conduct a home inspection and appraisal. If you perform these assessments before you list your house, you can gain valuable home insights that you might struggle to obtain elsewhere.
During a home inspection, a property expert will assess your house both inside and out. Then, this property expert will provide an inspection report that you can use to prioritize assorted home repairs and upgrades.
Meanwhile, a home appraisal can help you determine the present value of your house. The appraisal will be conducted by a property expert who will examine your house, as well as review myriad data about homes in your neighborhood and the local real estate market. Next, this property expert will provide a property valuation that can help you determine how to price your residence.
3. Hire a Real Estate Agent
A real estate agent understands the challenges commonly associated with selling a house. Fortunately, this housing market professional also knows how to identify and address these challenges early in the home selling process, increasing the likelihood of a quick, profitable home sale.
Typically, a real estate agent will meet with you and learn about your home selling goals. He or she then will help you put together a strategy to sell your home quickly and maximize your earnings.
When it comes to promoting a residence to potential buyers, a real estate agent knows exactly what to do too. He or she will help you craft an engaging and informative home listing that hits the mark with the right buyers. Plus, a real estate agent will host open house events and home showings to provide buyers with plenty of opportunities to view your house.
Want to list your house? Follow the aforementioned steps, and you can boost your chances of a terrific home selling experience.
Selling a house may prove to be problematic, particularly for individuals who fail to allocate time and resources to learn about the real estate market. Lucky for you, we're here to help you navigate the housing sector and ensure you can avoid home selling crises.
Now, let's take a look at three tips to help you list your residence and maximize its value.
1. Create an Informative House Listing
Think about your house's pros and cons. Then, you can put together an informative home listing that makes it easy for buyers to fall in love with your residence.
Of course, when you craft a home listing, it pays to be honest. If you include pertinent, accurate house information in your listing, you can help buyers determine whether your residence is the right choice.
Don't forget to incorporate high-resolution photos into your house listing too. If you include home listing photos that showcase the size and beauty of your house, many buyers soon could set up showings to view your residence.
2. Conduct a House Appraisal
When it comes to selling your house, it helps to establish an aggressive initial asking price. That way, you can list your house at a price that matches or exceeds buyers' expectations.
Establishing an aggressive initial asking price for your home, however, may prove to be difficult. But if you conduct a house appraisal, you can get a home valuation from a property expert to help you set a fair price for your residence.
In many instances, a homeowner can receive a house appraisal report within a few days. Once you have this report at your disposal, you can review your property valuation and set an aggressive initial asking price for your home.
3. Employ a Real Estate Agent
There is no need to embark on the home selling journey alone. Thankfully, you can hire a real estate agent who is unafraid to be honest with you at each stage of the home selling cycle.
A real estate agent understands exactly what it takes to sell a house, regardless of the present housing market's conditions. As such, he or she will work with you to determine the best way to streamline the home selling journey.
Oftentimes, a real estate agent will learn about you and your home selling goals. He or she then will craft a custom home selling strategy designed to help you achieve the optimal results. Next, a real estate agent will promote your residence to dozens of potential buyers and set up home showings and open house events. And if you receive an offer to purchase your home, a real estate agent will help you examine the pros and cons of this proposal and make an informed decision.
Don't let problems get the best of you during the home selling journey. Instead, use the aforementioned tips, and you can reduce the risk of problems that otherwise can prevent you from enjoying a fast, profitable house selling experience.