Kathy Murray's Blog
Your ultimate goal as a home seller is to make your residence as desirable as possible to potential buyers. If you transform your house into a must-buy, you could reap the benefits of a quick, profitable home selling experience.
To better understand how to enhance your residence before you list it, let's take a look at three tips to help you transform your home into a must-buy.
1. Upgrade Your House's Interior
Consider how buyers may perceive your residence as soon as they walk through your house's front door. Then, you can prioritize home interior upgrades.
By cleaning each room of your house, you can enhance your residence's interior. If you need help with home cleaning, you can always hire professionals to assist you, too.
Also, it may be beneficial to add a fresh coat of paint to the walls in your bedroom or other areas of your house. Because if you can make it easy for buyers to fall in love with your home's interior, you could speed up the property selling journey.
2. Perform Home Exterior Repairs
Curb appeal may play a key role in your home selling experience. If you residence boasts outstanding curb appeal, you may be able to differentiate your home from other available houses in your city or town.
To improve your residence's curb appeal, you may want to repair or replace any damaged home siding. In addition, mow the lawn and trim the hedges, and you can show off the true beauty of your house's lawn.
You may want to remove any lawn ornaments or decorations from outside your house as well. That way, buyers may be better equipped than ever before to envision what life may be like if they purchase your residence.
3. Eliminate Clutter
Clutter may fill up various rooms throughout your home. If you want to achieve the best-possible home selling results, now may be a great time to eliminate as much clutter as you can.
If you have items you no longer need, you can always sell these items or give them to friends, family members or local charities. On the other hand, if you have assorted personal belongings you want to keep outside your house, you can rent a storage unit.
As you get set to embark on the house selling journey, you may want to hire a real estate agent. With a real estate agent at your side, you can transform your residence into a must-buy in no time at all.
A real estate agent understands all aspects of the home selling journey. He or she will offer tips and recommendations to help you promote your residence to dozens of prospective buyers. Plus, a real estate agent is ready to respond to any of your home selling concerns and questions.
Allocate time and resources to upgrade your home, and you could generate lots of interest in your residence as soon as you list it.
Although you might have a home selling timeline in place, there may be instances where changes to your plan are required. These include:
1. You are listing your home in a buyer's market.
If you add your house to a buyer's market, you likely will face lots of competition from rival home sellers. As such, it may be difficult to enjoy a fast, profitable home selling experience if you fail to promote your residence accordingly.
To succeed in a buyer's market, you'll need to be patient. But if you can find ways to differentiate your house from the competition, you could maximize your home sale earnings.
Oftentimes, it helps to revamp a house's curb appeal. By mowing the front lawn and performing various home exterior improvements, you can help your house make a positive first impression on potential buyers.
You also should spend some time removing clutter from inside your house. That way, you can make it easy for buyers to envision what life may be like if they purchase your home.
2. You are struggling to stir up interest in your house.
After you add your house to the real estate market, it may be several weeks or months before a buyer submits an offer to purchase your residence. And if you're committed to optimizing the value of your house, it is important to wait for the right offer before you finalize your house sale.
If your home initially fails to stir up interest among buyers, there is no need to worry. In fact, there are many things that you can do to ensure your house hits the mark with buyers.
Generally, it is a good idea to establish an aggressive initial home asking price. This price should account for your house's condition, age and the current state of the real estate market.
It typically is beneficial to consider the homebuyer's perspective as well. Because if you understand why a buyer may be interested in your house, you could discover ways to help you house stand out in a competitive real estate market.
3. You have yet to hire a real estate agent.
Finding a real estate agent who can help you sell your house is key. Yet if you fail to employ an expert real estate agent right away, it may be difficult to enjoy a quick, seamless home selling experience.
Real estate agents are available in cities and towns nationwide, and these housing market professionals are happy to assist you in any way possible. If you need a real estate agent who can help you list your house and promote it to dozens of potential buyers, you should have no trouble finding an agent who matches or surpasses your expectations. Or, if you want to find a real estate agent who can offer tips throughout the home selling journey, you can choose from many potential candidates in your area.
Remember, be flexible as you proceed along the home selling journey, and you can increase the likelihood of achieving the best-possible results.
If your home is on the market, you may wonder why it hasn’t moved off the market. There are many ways to make adjustments to the price of your home, but if not done correctly, you could sabotage the sale of your home. Let’s say that you have your home as an FSBO (For sale by owner.) Buyers may wonder what’s behind the price of the house. Does the seller genuinely want to move the home to the sold category quickly? Why has the home been for sale so long?
You could face the same problems if you’re working with an agency. The difference is that s a seller, the agency is by your side, helping you to make the right decisions when it comes to pricing your home.
You need to be realistic when pricing your home as a seller. Of course, you want to make a return on your home. Of course, you think your home has great value. The critical point is that you need to understand the state of the market along with the neighborhood your home is located. So much goes into the pricing of a house.
Along with your agent, you can do some investigating to see where some improvements could be made in marketing your home. Look at the following:
How has the house been received on the MLS?
Are the significant benefits of the home highlighted?
How many open house opportunities did buyers have?
Are there good pictures of the house online?
Do the signs leading to the house stand out?
Can you add anything to the marketing of the home like a virtual tour?
While real estate agents have general guidelines as to how a home at a certain price point should be marketed, you can always be your own advocate.
The Consequences Of High Pricing
If you price your home too high, there are some consequences. Your home will stay on the market for an extended period of time if it's overpriced. Buyers will wonder why the house has been listed for so long, wondering if there’s something wrong with the property. Buyers will wait even longer to bite on the home in these circumstances because they are waiting for a price drop.
The best thing you can do in this circumstance is to take your home off the market. Work with your real estate agent. He can let you know whether it’s a good time to re-list the home. Perhaps you can make some improvements to the property in the meantime. A fresh listing and a clean look at the house may help buyers to find the property more easily at a price that pleases them!
Getting the best price for your home may seem like a major challenge, particularly for a first-time home seller. Lucky for you, we're here to teach you what it takes to maximize the value of your home.
Now, let's take a look at three simple ways to optimize the value of a residence in any housing market, at any time.
1. Analyze the Housing Market
Are you operating in a buyer's market or a seller's market? A first-time home seller who understands the differences between these types of housing markets can boost his or her chances of getting the best possible results during the home selling journey.
Take a look at the prices of recently sold houses in your city or town. That way, you can learn how long homes were available before they sold and learn about the demand for residences in your region.
Furthermore, don't forget to look at the prices of homes that are currently available and similar to your own. With this housing market data in hand, you may be better equipped than other home sellers to establish a competitive price for your house.
2. Conduct a Home Appraisal
A home appraisal is exceedingly valuable to a first-time home seller, as it enables a property seller to learn about a house's strengths and weaknesses.
During a home appraisal, a property inspector will examine a residence's interior and exterior. This inspector will spend several hours evaluating a residence, and after the assessment is complete, provide a comprehensive report that details his or her findings.
Analyzing the results of a home appraisal report is paramount. This will allow a home seller to find out what he or she can do to upgrade a home. Then, a home seller can allocate the necessary time and resources to transform assorted home weaknesses into strengths.
3. Collaborate with a Real Estate Agent
A real estate agent is a home selling expert, and as such, this housing market professional will do what it takes to help a first-time home seller optimize the value of a residence.
Typically, a real estate agent will help a home seller navigate all steps of the property selling journey. He or she will promote a residence to potential homebuyers, set up home showings and open houses and negotiate with homebuyers on a seller's behalf.
Perhaps best of all, a real estate agent is happy to help a home seller make informed decisions. This housing market professional will even teach a home seller about the real estate market and provide honest, unbiased home selling recommendations.
For a first-time home seller, navigating the real estate market may seem virtually impossible. But with a real estate agent at your side, you can streamline the home selling process and move one step closer to optimizing the value of your house.
Take advantage of the aforementioned tips, and a first-time home seller can increase the likelihood of receiving a great price for his or her residence.
There is no surefire formula to craft the perfect home listing. Instead, a seller must allocate the necessary time and resources to ensure a listing hits the mark with buyers. If a seller fails to do so, this individual may struggle to stir up interest in his or her home. Perhaps worst of all, this seller's home may linger on the real estate market for an extended period of time.
Ultimately, there are lots of things a seller can do to craft an engaging and informative home listing. These include:
1. Focus on the Positives
Think about why a buyer may consider your house over other available properties. Then, you'll be better equipped than ever before to highlight your home's positive aspects in your listing.
It may be beneficial to consider what makes your house unique as well. If you include details that show buyers why your home is a one-of-a-kind residence, you may be able to increase the likelihood that buyers will want to view your house in-person.
2. Provide Accurate Information
There is no reason to stretch the truth in your home listing. In fact, doing so may actually slow down the home selling process. But if you include accurate information about your residence in your listing, a buyer can use your listing to determine if your house is the right choice based on his or her individual needs.
When it comes to crafting an effective home listing, a straightforward approach is ideal. Thus, avoiding jargon is crucial, particularly if you want your listing to make a positive impression on buyers.
3. Include High-Resolution Images
Although your listing may include great information about your house, you may want to incorporate high-resolution images of your residence into your listing. That way, you can show buyers the true beauty of your house.
Of course, before you take photos of your home's interior and exterior, you should perform house cleaning and maintenance. Because if you incorporate photos into your listing that portray your house in a negative light, it may be difficult to generate interest in your residence.
For those who require extra help as they put together a home listing, working with a real estate agent may be a good idea. A real estate agent is a house selling expert who can help you create a listing that matches your expectations.
Typically, a real estate agent will meet with a home seller and learn about this individual's property selling goals. He or she next will help a seller craft a listing. Finally, when a listing is ready, a real estate agent will add a seller's residence to the housing market and promote the home to buyers.
To achieve the best-possible results during the home selling journey, it helps to craft a listing that is easy to understand and provides valuable information about a house. Thanks to the aforementioned tips, you can create a home listing that may help you garner interest in your residence as soon as it becomes available.