Bill Ryan's Blog
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.
Effectively staging your home can make a difference when selling your home. It can help you reach your asking price, or it can mean the difference between making a sale and not making a sale.
With so much at stake, it’s clear that home staging is a good idea. However, if you plan on living in your home while it’s on the market it can cause a big change in your lifestyle. It can mean putting most of your belongings in storage and be constantly rearranging furniture and moving your valuables around.
In this article, I’ll give you some tips to help you get through the difficult time of living in a staged home. I’ll talk about how you can make the most of this situation while still making the important sale on your home.
Decluttering and removing personal items from your home
There are two important things to remember when cleaning out your home before staging it. You want to declutter and you want to remove your personal presence in the home.
In terms of decluttering, not only is this a good time to start packing up items you won’t need until you move into your next home, but it is also a good time to do some cleaning. When going through your home, ask yourself if you’ve used the item in question within the last year or two. If the answer is no, you might be able to throw away or donate the item.
When someone views a home they want to be able to picture living there. That’s hard to do if it is filled with the photos and heirlooms of another family. If you’re unsure about whether something is too personal to keep on display in your home, there’s a good chance that it’s better off to put it in storage.
Use your free time at home to your advantage
Living in your home while it’s on the market gives you one important advantage--you’re able to spend more time prepping your home for sale. Use your free time and weekends at homes to paint your walls bright, neutral colors. You can also experiment with arranging furniture in a spacious and welcoming way.
This is also a good time to take care of small issues that might turn off potential buyers. Runny faucets, creaking doors, and other cosmetic fixes are all simple but important fixes to make while still living in your home.
Adopt a “clean as you use” mentality
Since people are coming to view your home, you’ll naturally want it to be as clean and tidy as possible. But rushing to clean everything before someone views your home makes it more likely to overlook a dirty countertop or misplaced towel.
A good practice is to simply clean up after yourself as you use items. That means wiping down the counter or oven after use, making sure you don’t leave products out in the bathroom, and sweeping the floors at the end of the day.
While it can be difficult to live in your home while it is staged for sale, it also has its advantages. As you go through this process, remember that it isn’t forever, and that it can save you time and money in the long run.
Adding your house to the real estate market today may prove to be a great decision. In fact, there are many terrific reasons to list your home today, including:
1. You may be able to generate a profit on your house.
If you maintained your home over the years, the residence may have increased in value. Thus, you may be better equipped than other home sellers to generate a profit on your residence.
Furthermore, if you're preparing to enter a seller's market, you may be able to earn a significant profit in no time at all.
A seller's market frequently includes an abundance of homebuyers and a shortage of home sellers. As such, if you add a high-quality house to a seller's market, it may be only a matter of time before you receive multiple offers at or above your initial asking price.
2. You can downsize your home or upgrade to a larger residence.
Although your current residence may have served you well for an extended period of time, now may prove to be a great time for a change. Fortunately, if you add your house to the real estate market, you can take the next step to downsize your residence or upgrade to a larger residence.
For those who want to downgrade, it may be simple to sell a house and get rid of excess items at the same time. Then, you can relocate to a smaller residence that better suits your budget and personal needs.
On the other hand, those who want to move into a bigger and better residence can explore a vast array of residences any time they choose. After a home seller finds a buyer for his or her residence, this individual will have plenty of funds to pursue a superior residence as well.
3. You can embark on a new adventure.
Selling a home opens new doors for any individual, at any time.
For example, you can use the funds from your home sale to go on a cross-country journey. Or, you may choose to move closer to family members and friends in another area of the country. Regardless of which option you choose, you won't have to worry about being saddled to a home mortgage after you sell your residence.
Consider the short- and long-term ramifications of selling your house, along with what you'll do immediately following a home sale. By doing so, you can map out the next stage of your life.
Of course, if you ever have concerns or questions about selling a house, it is always best to consult with a real estate agent. With a housing market professional at your side, you can receive expert insights throughout the home selling journey.
A real estate agent will keep you up to date about offers on your house and offer honest, unbiased home selling recommendations. In addition, he or she is ready to respond to your home selling queries at any time.
Get ready to sell your home – meet with a real estate agent, and you can take the next step to add your residence to the real estate market.
Want to sell your house? Ultimately, there are many questions that you'll want to consider before you add your home to the real estate market, including:
1. How Much Is My Home Worth?
Perform a comprehensive assessment of the housing market before you list your residence – you'll be happy you did. With real estate market data in hand, you'll be able to determine how your house stacks up against comparable residences and price it accordingly.
Furthermore, don't forget to get a home appraisal. This evaluation will enable you to better understand how your home's value has changed over the years. It also will allow you to prioritize home improvement tasks that will need to be completed to increase the value of your home.
Be sure to price your residence competitively as well. By doing so, you may be able to accelerate the home selling process and generate plenty of interest in your house as soon as it becomes available.
2. After I Sell My House, Where Will I Go?
You know you want to sell you house, but then what? You'll want to consider what life will be like after you sell your home and plan ahead as much as possible.
For example, if you plan to buy a new house after you sell your current residence, you may want to get pre-approved for a new mortgage. This will ensure that you can sell your current house and look for a new residence at the same time.
On the other hand, if you'll need temporary housing after you sell your home, you may need to put your belongings in temporary storage. Thankfully, you can always rent a storage unit and may want to start checking out storage options in your area. That way, you're ready to relocate your belongings to a storage unit as soon as your home sells.
3. How Can I Maximize the Value of My House?
As a home seller, you'll want to go the extra mile to optimize the value of your residence. Fortunately, there are many quick, easy ways to do just that.
Improving your home's curb appeal is a viable option to stir up interest in your property. Mowing the lawn and performing various home exterior improvements can boost your house's chances of making a positive first impression on homebuyers.
In addition, hiring a real estate agent enables you to eliminate the guesswork commonly associated with listing a residence. Your real estate agent will help you set realistic expectations for the entire home selling process and ensure that you receive the support you deserve at all times. Plus, your real estate agent will set up home showings, keep you up to date about offers on your residence and even provide home selling recommendations.
When it comes to selling your house, there is no reason to worry. If you collaborate with a real estate agent, you should have no trouble speeding up the home selling process and optimizing the value of your house.
If you want to enjoy a fast, seamless and profitable home selling experience, it helps to be flexible. That way, you won't feel pressure to accept the first homebuying proposal that comes your way. Instead, you can listen to various homebuying offers, consider their pros and cons and choose one that matches or exceeds your expectations.
Unfortunately, the stress associated with selling a house can escalate quickly. And if a home seller is not careful, he or she risks making rash decisions that may lead to subpar results.
When it comes to selling a house, it generally is a good idea to be flexible. Now, let's take a look at three tips to help sellers maintain their flexibility throughout the home selling cycle.
1. Evaluate the Housing Market
The current housing market may favor buyers or sellers. If you want to maximize the profits from your home sale – and maintain your flexibility throughout the home selling journey – you should examine the real estate sector closely.
Assess the prices of available houses in your city or town that are similar to your own. This will allow you to see how your residence stacks up against the competition and price it appropriately.
Furthermore, evaluate the prices of recently sold houses in your area. With this housing market data, you can determine whether you're preparing to enter a buyer's or seller's market and plan accordingly.
2. Don't Hesitate to Counter a Buyer's Offer
After you list your house, it may be only a matter of time before you receive an offer on your house. However, just because you receive an offer on your house does not mean that you have to accept this proposal.
Remember, your duty as a home seller is to accept the ideal homebuying proposal based on your home selling goals. If an offer fails to meet your expectations, you should not hesitate to counter or reject this proposal.
In most instances, it helps to counter a buyer's proposal. If you submit a counter-offer that matches a buyer's needs, both you and a buyer can move forward with a transaction. Or, in the worst-case scenario, a buyer will reject the counter-offer, and you can move forward with your attempt to sell your house.
3. Work with a Real Estate Agent
If you're unsure about how to stay flexible throughout the home selling journey, you can always hire a real estate agent. In fact, with a real estate agent at your side, you can get the insights that you need to succeed in any housing market, at any time.
A real estate agent will learn about your home selling goals and help you map out a successful home selling journey. Plus, he or she will list your residence, promote it to the right groups of potential buyers and ensure you can make an informed decision about whether to accept, reject or counter a buyer's proposal.
Want to sell your house? Consider the aforementioned tips, and you can operate as a flexible home seller.