Harold (Buddy) Pope'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.
The decision to sell a home can have long-lasting ramifications. As such, it is important to weigh the pros and cons of listing a house. This will allow you to determine if now is a good time to add your residence to the housing market.
Furthermore, there are many factors to consider as you decide whether to list your residence, and these include:
1. Your Short- and Long-Term Plans
Think about what you hope to accomplish in the immediate future. If you have the flexibility to relocate from one location to another, now may prove to be a good time to list your residence.
Consider your long-term plans, too. If you find that you want to reside elsewhere sooner rather than later, you may want to consider adding your house to the real estate market in the near future.
2. Your Finances
Oftentimes, it helps to examine your current mortgage payments, as well as any other daily and monthly expenses. If you have a budget in place, you can determine if you are in a strong position to sell your home and move.
You also should consider the current state of your home – something that can have a major impact on whether you can turn a profit from a house sale. Of course, if you decide you want to list your residence, you can always upgrade your home. And by doing so, you could boost the likelihood of enjoying a profitable home selling experience.
3. Your Family and Friends
If you want to live closer to family and friends who reside many miles away from your current house, you can list your residence and plan to relocate. Then, you can pursue a new residence that provides convenient access to your family and friends.
Embarking on the home selling journey is rarely simple. But if you have a real estate agent at your side, you can receive comprehensive support as you navigate the house selling journey.
A real estate agent is happy to meet with you and learn about your residence. This housing market professional also can provide tips and recommendations so you can upgrade your residence before you list it. Plus, when you are ready to add your home to the local housing market, a real estate agent will promote your residence to potential buyers. And if you receive an offer to purchase your residence, a real estate agent can even help you make an informed decision about whether to accept, reject or counter this proposal.
If you hire a real estate agent, you can receive lots of assistance as you finalize a home sale as well. The final stages of the home selling journey sometimes can be difficult to navigate, but a real estate agent will work with you to ensure you can complete a successful home sale.
For those who are uncertain about whether to add a home to the real estate market, it generally helps to consider the aforementioned factors. If you examine these factors closely, you may be better equipped than ever before to decide whether to list your house.
Selling your home is a big deal, and while there's a lot that your real estate agent will do for you, you also have an essential part to play in the process of selling your home for a new one. A seller needs to make the house as attractive as possible when putting it up for sale. Here are the ways to prepare your home for sale:
Look at the house from a stranger's viewpoint
The advantage of viewing your property from a prospective buyer's perspective is that it enables you to identify some defects that could prevent potential buyers from initiating the sale process. Taking an unbiased and unemotional look at your home will help you see things in a better light. Better still, you can ask your friend or real estate agent to examine your home and give you an honest opinion about the state of the residence. And, try to amend whatever they pointed out as a defect.
Remove pets from the house
Pets are good to have in a home, but not all buyers like the idea of buying a home with pets around. Some buyers may not want to see pets around, especially if they are allergic to them. Therefore, it is advisable to remove all pets from the house. And have a non-pet owner give your home the "sniff test" to make sure the pet odors are gone too.
Make Improvement before selling
Nothing discourages buyers more than a property that is poorly maintained. Not only that, such houses attract lower offers. Prospective buyers will not be willing to buy a house for top dollar that requires extra costs for repairs and improvements. Therefore, an excellent way to increase the value of your home is to improve it before putting it up for sale. However, you should not overspend on home improvements, or the expenses will eat into your profits when selling. Your agent is an excellent resource for pointing out which upgrades are worth the money spent.
Spread the word
Below are ways that you can market your home by yourself and with the help of your real estate agent.
- Pay for ad space in local directories
- Word of mouth to friends and family
- Multiple Listing Services through your agent
- Speak to your realtor about creating a Virtual Tour
- Plan an open house to allow prospective buyers to see the house themselves
If you plan to place your home up for sale, consider the ideas above to ensure a fast sale. Most of all, follow your agent's advice on marketing trends that work best in your market.
An open house can have a significant impact on the property selling journey. As such, it is important for a property seller to allocate time and resources to prepare for an open house. If a seller plans for an open house, he or she may be able to boost the likelihood of a fast, profitable property selling experience.
Now, let's take a look at three things that every seller needs to know about open houses.
1. There is no shortage of open houses held on weekends in cities and towns nationwide.
Many open house events are held throughout the year in cities and towns across the country. These events commonly take place on weekends and enable sellers to showcase their residences to dozens of prospective buyers at the same time.
Ultimately, it is important to find ways to differentiate a home from the competition. If a seller can promote his or her residence to the right groups of potential buyers, this individual may be able to convince buyers to attend one open house over another.
2. An open house gives a seller a great opportunity to make a positive first impression on buyers.
As a seller, it is paramount to embrace the opportunity to connect with buyers. An open house allows a seller to do just that, as it ensures this individual can provide buyers with a stress-free opportunity to view his or her residence.
When it comes to getting ready for an open house, it generally is a good idea to clean both inside and out. Also, a seller should perform home repairs and remove home clutter. Because with a neat, tidy residence, a seller can make it easy for buyers to envision what life may be like if they decide to purchase a particular residence.
3. Every open house provides a seller with a valuable learning experience.
Regardless of how much a seller prepares for an open house, there is no telling how this event will turn out. However, a seller who sets realistic expectations for an open house can plan accordingly.
In the worst-case scenario, no buyers will attend an open house. If this happens, there is no need to worry. In fact, a seller can learn from the experience and use it to find new ways to promote his or her residence to prospective buyers going forward.
For those who need help selling a home, it may be beneficial to hire a real estate agent. In addition to helping you get your residence ready for an open house, a real estate agent will offer tips and guidance so you can achieve the optimal property selling results. Perhaps best of all, if you ever have concerns or questions during the home selling journey, a real estate agent is ready to address them at any time.
Streamline the home selling process – hire a real estate agent today, and you can receive comprehensive assistance as you navigate each stage of the property selling journey.
The home selling journey sometimes can be complicated. Lucky for you, we're here to remove the guesswork commonly associated with selling a house.
Now, let's take a look at three tips to help you enjoy a fast, successful home selling experience.
1. Identify Your Home's Strengths and Weaknesses
You may have taken great care of your house over the years, and now, your hard work is about to pay off. In fact, if you assess your home's strengths and weaknesses, you may be better equipped than ever before to transform your residence's weaknesses into strengths.
Sometimes, it helps to conduct a home inspection before you list your residence. An inspection enables a property expert to evaluate your residence both inside and out. Then, you can receive an inspection report that details any underlying problems with your house and correct these issues prior to adding your home to the real estate market.
2. Set an Aggressive Initial Home Asking Price
Establishing an aggressive initial home asking price is paramount. Because if you set a competitive initial home asking price, you likely won't have to wait long before you start to receive offers to purchase your house.
To determine how to price your house, you should review the prices of recently sold houses in your area and other real estate market data. Plus, it may be beneficial to perform a home appraisal to receive a property valuation that accounts for your house's condition and the current state of the real estate sector.
3. Hire an Expert Real Estate Agent
Navigating the house selling journey often is tricky, particularly for sellers who choose to work alone. Fortunately, real estate agents are available in cities and towns nationwide, and these housing market professionals can offer expert guidance throughout the property selling journey.
A real estate agent understands the home selling journey varies from seller to seller. As such, this housing market professional will craft a custom home selling strategy to help a seller achieve his or her desired results. A real estate agent also will do everything possible to promote a residence to potential buyers and ensure a seller can optimize the value of his or her house.
Furthermore, a real estate agent is happy to provide a recommendation about how a seller should proceed with an offer to purchase a house. He or she can help a seller determine whether to accept, reject or counter a property buying proposal. And if a seller has any questions about an offer to purchase, a real estate agent is ready to respond to them.
When it comes to selling a house, it is crucial to get as much help as possible. If you collaborate with an expert real estate agent, you can gain deep insights into all aspects of the home selling journey. Perhaps most important, you can receive comprehensive assistance throughout the property selling journey and increase your chances of enjoying a fast, successful home selling experience.