Kathy Borawski's Blog
If you're planning to sell your house soon, you should prepare for the property selling journey. This can mean identifying potential home selling obstacles so that you can address these issues right away.
Now, let's take a look at three issues that house sellers commonly face, along with tips to address these problems.
1. Exorbitant Initial Asking Price
You may believe your house is worth more than you originally paid for it. However, there is no guarantee your home's initial asking price will fall in line with buyers' expectations. And if you ultimately set a high initial asking price for your home, your residence may linger on the real estate market for an extended period of time.
Oftentimes, it helps to evaluate the housing market in your city or town. This enables you to see how your residence stacks up against comparable houses. Then, you can use this housing market data to price your house appropriately.
You may want to conduct a home appraisal as well. Once you obtain an appraisal report, you can use the report's property valuation to determine how to price your house.
2. Poor Curb Appeal
How your house looks to buyers is key. If your residence has a messy front lawn, deteriorating siding, and other exterior problems, it is unlikely to garner buyers' interest.
For a home seller, it is important to allocate time and resources to boost a house's curb appeal. By mowing the lawn, repairing cracked or damaged home siding and performing other property improvements, a seller can instantly upgrade his or her residence's curb appeal.
If you need help with home improvements, you can reach out to local professionals. With assistance from landscapers and other home improvement specialists, you can quickly transform your house's appearance from drab to fab.
3. Cluttered Home Interior
If you have collected a vast array of antiques and artwork over the years, you may want to remove these items from your house before you sell it. Remember, the goal of a home seller is to make it easy for a buyer to envision what life may be like if they purchase your residence. If your house is filled with myriad personal belongings, it may be tough for a homebuyer to do just that.
To cut down on clutter inside your home, you can always host a yard sale or list various items online. You can also donate any unwanted items to a local charity, or give them to family members or friends.
As you get set to sell your house, don't forget to hire a real estate agent, too. This housing market professional can help you identify and resolve potential home selling obstacles. In addition, they will do whatever it takes to help you get the best price for your house.
Ready to list your residence? Consider the aforementioned home selling issues, and you can take steps to minimize these problems prior to embarking on the house selling journey.
Looking to add your house to the real estate market? Ultimately, becoming the "perfect" home seller can make a world of difference, and perhaps it is easy to understand why.
The perfect home seller understands what it takes to list a home in a buyer's or seller's market. As such, this home seller will be able to promote his or her residence to the right groups of property buyers at any time. Plus, the perfect home seller will know how to get the best price for his or her residence – without exception.
Believe it or not, becoming the perfect home seller can be simple – here are three tips to help you do just that.
1. Learn About the Real Estate Market
Although many home sellers have a "basic" understanding of how the housing market works, the perfect home seller will go above and beyond the call of duty to get the ideal results. Therefore, he or she will learn about the intricacies of the real estate sector and map out the home selling journey accordingly.
To learn about the real estate market, it often helps to look at some of the homes that are currently available in your city or town. This will enable you to establish a price range for homes that are similar to your own.
Also, don't forget to look at the prices of recently sold houses in your area. With this housing market data at your disposal, you may be able to determine whether you're preparing to operate in a buyer's or seller's market.
2. Understand Your Home's Strengths and Weaknesses
Your home may seem great, but it never hurts to get a second opinion from a property expert. Fortunately, if you complete a home appraisal, you can learn about your home's strengths and weaknesses and take steps to enhance your residence before you add it to the housing market.
A home appraisal usually requires just a few hours to complete, but the evaluation's benefits may last a lifetime.
After a home appraisal, you'll receive an in-depth report that describes any problem areas in your home. Then, you can allocate the necessary time and resources to transform any weaknesses into strengths and perform assorted home improvements as needed.
3. Work with an Real Estate Agent
The perfect home seller understands the importance of getting plenty of support at each stage of the home selling journey. As a result, this home seller is likely to work with a real estate agent who can help simplify the process of listing and promoting a house.
A real estate agent can help you take the guesswork out of selling a residence. He or she will set up home showings and open houses and negotiate with property buyers on your behalf. Plus, a real estate agent will provide honest, unbiased home selling recommendations to help you make informed decisions.
Streamline the home selling journey – use the aforementioned tips, and you can become the perfect home seller in no time at all.
Putting your home up for sale can elicit a myriad of emotions from you and your spouse -- everything from excitement and anticipation to fear and sadness. It's only natural to feel a mixture of emotions, especially if your home represents years of memories, countless milestones, and stages of family growth.
A cautionary note to keep in mind is that it's easy to get caught up in emotion-based decisions that could derail your chances for making a fast sale.
A primary example would be pricing your home higher than it might actually be worth. Despite the fact that you've experienced great family memories there and spent tens of thousands of dollars to maintain, upgrade, and beautify your home, those factors usually do not translate into a sale price that exceeds the property's appraised value. Your perspective, which may be based on subjective criteria, such as all the "blood, sweat, and tears" you put into your house -- not to mention the "TLC" that went into it -- does not hold water in the minds of would-be buyers.
What Does Determine a Home's Value?
The unvarnished truth is that the value of your home is mostly based on prevailing market conditions, the price at which comparable homes in your neighborhood recently sold, and what the market will bear. Effectively setting a price that will bring in the most money without driving away qualified and otherwise-interested buyers is a delicate balance. The homeowner rarely has the objectivity or the specialized knowledge to accurately set the right price. That's where real estate agents comes in, and why it's advisable to sell your home through a licensed agent, rather than attempting a "For Sale By Owner" approach.
Minimizing Bumps in the Road
A good real estate agent will work on your behalf to effectively market your home, collaborate with other agents in the area to schedule showings and spread the word about your listing, and advise you on ways to improve both the curb appeal of your home and its interior appearance. Your agent can also provide indispensable negotiating help, as well as guidance about seller disclosure requirements and other government regulations.
The bottom line is that real estate agents are well-versed in the intricate process of listing, marketing, and selling residential property. Since there are a lot of forms to sign, deadlines to meet, agreements to reach, and formalities to handle, those are among the many sound reasons to enlist the help of a professional.
Although the process of selling a residential property often involves delays, setbacks, and obstacles, most real estate agents are quite adept at solving problems and getting past difficulties. In addition to the marketing, networking, and strategizing they're doing on your behalf, a good agent can also be counted on to provide you with regular progress reports and boost your spirits when you're feeling discouraged.
The home selling market can be fierce, regardless of where you live. However, there are lots of things you can do to rise above the house selling competition, and these include:
1. Learn About the Local Housing Market
Take a look at some of the available houses in your city or town – you will be glad you did. If you analyze available houses in your area and see how they stack up against your residence, you may find ways to differentiate your home from the competition.
Also, it may be beneficial to assess recently sold houses in your area. If you find out how quickly houses are selling, you can determine if a buyer's or seller's market is in place. Then, you can map out your house selling journey to ensure you can showcase your residence to the right groups of buyers.
2. Perform a Home Inspection
A home inspection is a must if you want to gain a leg up on the house selling competition. If you understand your house's strengths and weaknesses, you can prioritize home repairs. Next, you can take the necessary steps to transform assorted home weaknesses into strengths.
Following a home inspection, review your inspection report. If you have any questions about the report, reach out to the inspector who provided the report. Finally, when you determine how you want to upgrade your house, you can start to complete various home improvement projects.
3. Price Your Home Competitively
If your home is priced competitively, you should have no trouble stirring up interest in your residence as soon as it becomes available.
To establish a competitive price for your house, you may want to conduct a property appraisal. This evaluation enables you to receive a property valuation that you can use to determine the right initial asking price for your residence.
For those who want to streamline the house selling cycle, it may be a good idea to hire a real estate agent, too. This housing market professional can provide you with an immediate competitive advantage over rival home sellers. Best of all, a real estate agent can help you achieve your desired home selling results without delay.
A real estate agent won't take shortcuts, and instead, devotes the necessary time and resources to teach you about the house selling journey. First, he or she will help you establish house selling goals and plan for the property selling journey. A real estate agent next will schedule home showings and open house events that allow buyers to view your residence any time they choose. Furthermore, if you have any home selling questions, a real estate agent can respond to them.
As you prepare to list your home, it helps to do everything possible to obtain a competitive advantage over rival house sellers. Thanks to the aforementioned tips, you can plan ahead for the house selling journey and boost the likelihood of enjoying a successful home selling experience.
So many great features that make up many clients’ dream homes can actually be a hindrance in selling a home down the road. While certain features in a home may be attractive to you, remember that all buyers are not looking for the same thing. Beware of the following perks and how they can affect your plans to sell a home in the future.
While having schools close in the neighborhood is a plus, not everyone sees it that way. A nearby school is fantastic if there are young children in the family, however, if a buyer doesn’t have young children, living near a school could be seen as a hinderance. Not only will there be an excess of foot traffic in the area, but there will be a lot of traffic, in general, each school day as buses and cars head to and from the school. The extra noise factor from the school may also turn off some buyers.
Being In The Heart Of The City Or Town
Some people love to be in the heart of the action. A bustling neighborhood with tons of shops and restaurants and constant activity can be the life that you or someone you know is looking for. If you buy a home on one of these main stretches, but, it could be a hard sell should you decide to move. These property locations are targeting a specific kind of buyer and it could be hard to find them. Unless you live in a strictly urban area, you may want to think twice about the property location. Not only could it be a hard sell later, but you as an owner may get sick of the constant action very quickly.
A Swimming Pool
If you live in a place where the weather is always warm and a pool is a requirement, then putting a pool in your home makes sense. In more variable temperature regions, a pool is not always the best idea. Pools require a lot of maintenance and can be a significant investment. Think of how much of the year a pool is actually usable in your area. The biggest issue with swimming pools is that while they are a luxury, they really don’t add value to the home. In some cases, a pool can end up detracting value and interest from a property.
A Big Yard
While a large backyard can be attractive, not every homeowner wants to care for such a large amount of space. These large yards can take a significant investment of both time and money to maintain. A large yard attracts a certain type of buyer. Not that you can restructure property lines, but know that bigger isn't always better when it comes to a home’s outdoor space.