Angela Bergin's Blog
Selling a house should be quick and easy. Yet issues may arise that make it tough to enjoy a fast, profitable house selling experience.
Common problems that come up during the home selling journey include:
1. Lack of Curb Appeal
Dedicate time and resources to bolster your residence's curb appeal – you'll be glad you did. Remember, your residence only gets one chance to make a positive first impression on homebuyers. If your house impresses buyers when they see it for the first time, buyers may continue to pursue your home and submit requests to view your residence in-person.
To improve your house's curb appeal, you should mow the lawn, trim the hedges and perform various home exterior upgrades. Take an objective view of your home's exterior to identify any problems that may make buyers shy away from your residence. Then, you can correct these issues.
2. Initial Asking Price Is Too High
If your home's initial asking price fails to account for your house's condition and the current state of the real estate market, you may struggle to sell your residence. In fact, in this scenario, it may be many weeks or months before you receive an offer to purchase your residence.
Before you list your house, you may want to conduct a property appraisal. This enables you to receive a home valuation from a property expert. With this valuation in hand, you can set a competitive initial asking price for your house, thereby increasing the likelihood of a quick home sale.
3. Buyer's Market in Place
In a buyer's market, there may be an abundance of available houses and a shortage of property buyers. Thus, if a home seller is not careful, this individual may struggle to achieve the best-possible results.
Analyze the real estate market closely, and you can differentiate a buyer's market from a seller's one. If you find that homes linger on the real estate market for many weeks or months before they sell, you likely are preparing to enter a buyer's market. As a result, you'll need to go above and beyond the call of duty to differentiate your house from the competition.
When it comes to selling a house in a buyer's market, it may be beneficial to hire a real estate agent. This housing market professional can help you craft a plan that ensures you can seamlessly navigate the home selling journey, regardless of the current real estate market's conditions.
A real estate agent first will meet with you and learn about your home selling goals. He or she next will develop a personalized home selling strategy and promote your residence to prospective buyers. And if you receive an offer to purchase your house, a real estate agent will help you review this proposal and determine the best course of action.
Take the guesswork out of the home selling journey – collaborate with a real estate agent, and you can get plenty of help as you get ready to sell your residence.
Let's face it – clutter can be problematic, particularly for those who want to list a home in the near future. Lucky for you, we're here to help you cut down on clutter so you can add your residence to the real estate market as soon as possible.
Now, let's take a look at three tips that you can use to remove clutter before your list your residence.
1. Rent a Storage Unit
A storage unit offers a great way to protect your belongings while you sell your home. Then, once a homebuyer agrees to purchase your house, you can move your belongings from your storage unit into a new residence.
The price to rent a storage unit often varies based on the size and location of the unit. Therefore, you should shop around to find a storage unit rental that matches your budget.
Also, consider the items that you'll want to keep in a storage unit. If you find that the value of your belongings is less than the rental price of a storage unit, you may want to consider other options to declutter your residence.
2. Host a Yard Sale
A yard sale provides a wonderful opportunity to declutter your residence and earn extra cash at the same time.
Remember, one person's trash is another's treasure. Although you might no longer have a need for some belongings, these items could be valuable to the right buyer.
The best time to host a yard sale usually is a Saturday or Sunday morning. Before your yard sale, you should set up posters around your city or town to advertise your event. That way, you can stir up plenty of interest in your yard sale.
In addition, you may be able to sell items without leaving your couch. Listing some of your excess belongings online allows you to promote a broad array of items to a large audience.
3. Donate Items to Charity
If you're in a hurry to declutter, many charities may be willing to pick up household appliances, furniture and other items without delay. In some cases, you might be able to donate these items and receive a tax deduction as well.
Search for charities in your city or town and contact them directly to find out if they accept donations. Next, you can set up a date and time for a charity representative to pick up your items, or you may be able to drop off the items at a nearby location.
Decluttering your home may seem like an uphill climb, but a real estate agent may be able to provide additional assistance.
A real estate agent can evaluate your home and offer expert tips to help you declutter. As a result, you can revamp your house's interior and ensure your residence looks amazing before you add it to the housing market.
Take the guesswork out of decluttering your residence. Use the aforementioned tips, and you should have no trouble eliminating clutter from your home.
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.
When it comes to selling a house, there is no reason to operate as a "basic" home seller. Instead, you can become a "responsive" home seller, i.e. someone who goes above and beyond the call of duty to get the best price for his or house.
Ultimately, becoming a responsive home seller may be easier than you think – here are three tips to ensure you can enter the real estate market as a responsive home seller.
1. Track Housing Market Patterns and Trends
As a responsive home seller, you'll want to monitor the real estate market closely. By doing so, you'll be better equipped than other property sellers to identify housing market trends and respond accordingly.
For example, if you notice a large collection of available houses and a shortage of property buyers, this likely indicates a buyer's market reigns supreme. In this market, you may face steep competition as you try to sell your house.
On the other hand, if you find that many high-quality residences are selling quickly, a seller's market may be in place. And in a seller's market, you may be better equipped than ever before to enjoy a fast, seamless home selling process.
A responsive home seller will be able to differentiate between a buyer's and seller's market. Then, this home seller can map out his or her home selling journey accordingly.
2. Remain Open to New Ideas
Selling a home often requires plenty of persistence and hard work. For responsive home sellers, it also requires flexibility and patience.
Typically, a responsive home seller will be happy to listen and respond to past home sellers' advice. This home seller will be open to learning from past home sellers' successes and failures and using their insights to make informed home selling decisions.
For those who want to become responsive home sellers, feel free to reach out to family members and friends who have sold houses in the past. This will enable you to gain deep insights into the home selling process that you might struggle to obtain elsewhere.
3. Collaborate with a Real Estate Agent
With a real estate agent at his or her side, an ordinary home seller can become a responsive property seller in no time at all.
A real estate agent will communicate with a home seller throughout each stage of the home selling cycle. Meanwhile, a responsive home seller will listen to this housing market professional and work with him or her to achieve the optimal results.
Furthermore, a real estate agent will be available to respond to a home seller's concerns and queries. At the same time, a responsive home seller will be ready to collaborate with a real estate agent via phone calls, emails and texts.
Use the aforementioned tips to become a responsive home seller – you'll be happy you did. Responsive home sellers may be more likely than other property sellers to seamlessly navigate the home selling cycle and maximize the value of their residences.
As the new year approaches, you may wonder what changes are ahead for you and your family. If you have been thinking about selling your home in the coming year, there are a few pretty good reasons to do so. Read on, and you may find some new real estate goals for the new year.
There’s Not A Lot Of Inventory
If the inventory is low, you’ll find that it’s a great time to put your home on the market. Your home will sell a bit faster and attract more buyers. If the market is particularly busy, you may get an even better price than expected for your home.
People Want Homes Fast
Certain times of year bring a bit more urgency to the market. Employees may be more apt to have transfers within their company. Families may be looking to move in before the start of the school year. These situations can get your home off the market fast for the right price.
The Seasons Of Real Estate Are Different
While we typically think of spring as starting in late March, spring in the real estate world actually begins in January. Once the holidays are over, it’s believed that people are ready to make moves with their properties. This early season holds especially true in warmer climates. It’s thought that the earlier in the year a home is listed, the more it will stand out on the market. If you’re listing a house in a warmer climate, keep in mind that people who are looking to escape cold climates are looking to buy in the early months of the year.
Keep in mind that if you do live in a colder climate and plan to sell and your property has some great outdoor space, you may want to wait until a warmer time of year to sell.
The Lower The Price Of The Home The Faster It Moves
If your home is on the lower end of the price spectrum, you may be able to sell whenever you’d like., These home are attractive to first-time buyers and move fast off the market. They’re great for starter homes, fixer uppers, and house flippers.
The bottom line is that in a hot market there may be no wrong time to sell. If you speak with a REALTOR® and they believe the time is right, and you’re itching to move on to another property you should. Real estate agents have the knowledge and experience that can help you to find the right time to sell as well as the sweet spot for pricing your home.