Maureen Roberts' Blog
Before you list your house, you'll need to establish a competitive price for it. That way, you can increase the likelihood of stirring up plenty of interest in your house as soon as it becomes available.
Now, let's take a look at three best practices for pricing your home.
1. Evaluate the Real Estate Market
The current real estate market's conditions can impact your ability to sell your residence. However, if you study the real estate market closely, you can differentiate between a buyer's and seller's market and plan accordingly.
In a buyer's market, the number of home sellers exceeds the number of homebuyers. As such, you likely will need to establish an aggressive price right away to separate your house from the competition.
On the other hand, a seller's market favors home sellers over homebuyers. If you're operating in a seller's market, you may be better equipped than ever before to earn a significant profit.
To differentiate between a buyer's and seller's market, examine the prices of recently sold homes and available homes in your area. This housing market data can provide deep insights into the current state of the housing market. Plus, this data can help you understand how your residence stacks up against the competition.
2. Conduct a Home Appraisal
Ultimately, a home appraisal can make a world of difference for any home seller, at any time.
During a home appraisal, a professional appraiser will examine your house both inside and out. Then, this appraiser will offer a valuation of your property based on his or her findings.
A home appraisal involves an evaluation of the current condition of your home, your house's age and your neighborhood. Therefore, if you complete a home appraisal, you should have no trouble using the appraisal results to help establish a fair price for your residence.
3. Collaborate with a Real Estate Agent
When it comes to selling a house, there is no need to work alone. Fortunately, if you collaborate with a real estate agent, you can receive expert insights into all aspects of the home selling cycle.
A real estate agent is happy to meet with you and learn about your home selling goals. Next, this housing market professional will offer home pricing recommendations, ensuring you can make an informed decision about how to price your house.
In addition, a real estate agent will go above and beyond the call of duty to ensure you can enjoy a seamless home selling experience. This housing market professional will promote your residence to large groups of homebuyers, set up home showings and open houses and put together an engaging and informative home listing. Also, a real estate agent will always keep you up to date about any offers on your home.
Looking to list your home in the near future? Use the aforementioned best practices, and you can establish a competitive price for your residence and boost your chances of a fast, profitable home sale.
If you want to sell your house, you may want to take a close look at your home's interior. That way, you can identify any potential home interior issues and address them as quickly as possible.
Determining the best ways to transform your home's interior from drab to fab may seem difficult, particularly for a first-time home seller. Fortunately, there are several proven ways to enhance your residence's interior, and these include:
If it has been several weeks or months since you last cleaned your house, there is no time like the present to perform extensive home interior cleaning.
Wipe down countertops, mop the floors and clean every room of your house. By doing so, you can make your house look clean and pristine.
Also, if you need extra help cleaning your home, you may want to hire a cleaning company. With a team of home cleaning professionals at your side, you can speed up the process of improving your house's interior.
Clutter is an eyesore that home sellers should try to eliminate. Luckily, there are many quick, easy ways to remove clutter from your house.
Oftentimes, one person's clutter is another's treasure, and you may be able to sell excess items at a garage sale or online. Set competitive prices for your excess items, and you should have no trouble stirring up interest in these items.
You also can donate excess items to charities in your city or town. Reach out to local charities, and you may be able to get excess items picked up from your house.
3. Interior Upgrades
If you notice home interior lights are no longer working, cracks or dents in your walls or other minor home interior issues, you should spend some time performing various upgrades and repairs.
In most instances, minor home interior upgrades and repairs may require just a few minutes to complete. Meanwhile, these home interior improvements can make a world of difference in the eyes of homebuyers and can help your home stand out to potential buyers.
Clearly, there are many ways to improve a house's interior in no time at all. But if you require additional assistance, you can always hire a real estate agent to help you generate interest in your residence.
A real estate agent knows exactly what it takes to bolster a house's interior. He or she can help you assess your home's interior and prioritize assorted home interior improvements.
Furthermore, a real estate agent will make it easy to navigate all stages of the home selling process. This housing market professional will help you list your house and promote it to large groups of potential buyers. Plus, if you receive offers on your house, a real estate agent can help you evaluate these proposals and make an informed decision.
Don't hesitate to enhance your home's interior. Instead, consider the aforementioned options, and you can take the first step to improve your house's interior.
You know all about curb appeal, and you’ve spent time in your garden and front porch area sprucing it up, trimming it out, and adding colorful plants. The door now sports a bright new “pop” of color that all the home and garden shows demand. But something still isn’t right. Your entryway is entirely dysfunctional, so once they step into the house, all your hard work seems for naught.
The problem is that your front door is the door the family uses. The kids come home after school and march right in the front door. The entry becomes the collector of backpacks, rainboots, jackets. Your partner comes in from a workout at the gym and down plops the sports bag full of sweaty workout clothes and sports shoes.
You dream of that pristine rear-entry mudroom that you see in full glossy pins, but the only way to get that is to find a new house. Meanwhile, the current one can’t even be shown to buyers because they’ll trip over a random baseball bat or soccer cleat coming in the door.
Never fear. Your home isn’t the only one where the front entry is an obstacle course. Try these organizational tips to help out.
Use the coat closet
Since most homes have a coat closet, this is a logical place to start. Clear out all storage from the closet so that it is useful for coats and outerwear. Then place a basket along one side of the closet floor for casual boots and shoes. On the other side or along the back, put a shelf for sports equipment. Instead of using the hanger bar, line the sides and back with sturdy hooks so that your kids can hang jackets, backpacks, and larger sports equipment. Add a hook to the inside of the door, higher up, for longer coats, and one lower down for handbags.
Add a bench
When there isn’t enough room in the closet, add a storage bench or long, narrow ottoman that opens to the entryway. The deeper the storage area, the better. Place backpacks on one side and shoes or boots on the other in a waterproof bin inside the bench.
If you have several children, use several smaller square ottomans, one for each. That way, each child has a place for boots, backpack, jackets, and other miscellaneous detritus that comes in the door with them.
If none of these work out for you, it’s probably time for a chat with your professional realtor staging ideas or quick pick-up bins for when they show your home.
Selling a home can be challenging, even for an individual who is laser-focused on getting the best price for his or her house. Fortunately, we're here to help you achieve the best-possible results during the home selling journey.
Now, let's take a look at three tips to help you obtain the best price for your residence.
1. Study the Prices of Comparable Residences in Your Area
Your home may seem like it is one of a kind, but there likely are comparable houses in your city or town. If you take a look at the prices of comparable houses in your area, you may be better equipped than ever before to establish a competitive initial asking price for your residence.
Also, studying the prices of comparable residences in your area enables you to see how your house stacks up against the competition. And if you find your home pales in comparison to its rivals, you may want to dedicate time and resources to upgrade your house. That way, you can help your house stand out to potential buyers.
2. Conduct a Home Appraisal
A home appraisal commonly is requested by a buyer after a seller accepts his or her offer to purchase a residence and a property appraisal has been completed. However, it may be beneficial for a seller to conduct a home appraisal, especially if this individual wants to get the optimal price for his or her residence.
By conducting a home appraisal, you can receive expert insights into how much your house is currently worth. Then, you can use your home appraisal results to set an aggressive initial asking price for your residence.
3. Collaborate with a Real Estate Agent
If you are unsure about how to price your residence, you may want to hire a real estate agent. Because if you have a real estate agent at your side, you can quickly and effortlessly accomplish your property selling goals.
First, a real estate agent will meet with you and learn about your residence. This housing market professional next will help you establish a competitive initial asking price for your home that accounts for the current state of the real estate market. A real estate agent then will list your home, promote it to potential buyers and set up home showings and open house events. And if you receive an offer to purchase your residence, a real estate agent can help you review this proposal and decide how to proceed.
Of course, a real estate agent will do everything possible to help you maximize your house sale earnings too. He or she will negotiate with a buyer's agent on your behalf and ensure you can get the best price for your residence – regardless of the current housing market's conditions.
Don't wait to list your home and maximize your home sale profits. Instead, take advantage of the aforementioned home selling tips, and you can boost the likelihood of a fast, profitable property selling experience.
If you get an offer to buy your house, there is no need to make a snap decision. Instead, it generally is a good idea to allocate the necessary time and resources to analyze an offer and determine the best course of action.
Ultimately, there are lots of reasons why you should analyze a home offer, and these include:
1. You can boost the likelihood of getting the best price for your house.
An offer may fall at, above or below your house's initial asking price. However, regardless of the offer that you receive, it pays to perform a full evaluation to ensure you can maximize the value of your residence.
For many home sellers, it is beneficial to conduct a home appraisal prior to listing a residence. That way, when a home offer arrives, a seller can compare the proposal to a property valuation and proceed accordingly.
2. You can weigh the pros and cons of all of your options.
Let's face it – deciding whether to accept, reject or counter a homebuying proposal can be tough. Luckily, analyzing an offer enables you to weight the pros and cons of each option, making it easier than ever before to make an informed choice.
Oftentimes, creating a list of pros and cons can be helpful. This list will enable you to assess the advantages and disadvantages of each potential home selling decision. Then, you can use your list to guide the decision-making process.
3. You can receive expert housing market insights before you finalize your decision.
Imagine what it would be like to take a data-driven approach to decide whether to approve a homebuying proposal. Now, you can, thanks to the wealth of housing market data that is readily available to sellers.
As a home seller, you should have no trouble examining the prices of comparable houses that recently sold in your city or town. You then can use this housing market data to determine whether a proposal is "fair" based on the current real estate market's conditions.
Of course, as you assess a home offer, it often helps to collaborate with a real estate agent. This housing market professional knows exactly what it takes to sell a house – regardless of the real estate market's conditions. As such, he or she will enable you to conduct an in-depth review of any homebuying proposal, at any time.
A real estate agent also is happy to help you after you determine whether to accept, reject or counter a proposal. If you accept an offer, a real estate agent will help you move forward with the home selling journey. Or, if you reject an offer, a real estate agent will show you how to promote your house to potential buyers to boost your chances of receiving better proposals in the future. And if you counter an offer, a real estate agent can negotiate with a buyer's agent on your behalf.
Evaluate a home offer closely – you'll be glad you did. If you perform a deep analysis of a homebuying proposal, you can assess a home offer from multiple angles and make the best-possible decision based on your individual needs.