Home Selling Tips: Look Beyond the Price of a Home

Looking to add your home to the real estate market sooner rather than later? Ultimately, you’ll want to look beyond the potential price of your residence as you get your house ready for the real estate market.

For home sellers, price is one of several factors to consider before they list their houses. In fact, some of the top home selling factors to evaluate beyond price include:

1. A Home’s Location

A home’s location may dictate how quickly you’re able to sell your residence. And if you understand the benefits associated with your house’s location, you should have no trouble promoting your residence to the right groups of homebuyers consistently.

For example, a home that is located near a big city may prove to be an ideal choice for those who work in the city. On the other hand, a house that is located near top schools could prove to be an ideal option for families.

2. A Home’s Condition

Although you’ve tried to maintain your house’s interior and exterior over the years, you may still be uncertain about how your residence will stack up against other houses in a competitive real estate market.

Fortunately, a home appraisal can help you take an in-depth look at your house’s condition and map out your home selling journey.

During a home appraisal, a property inspector will examine your residence. The appraisal may take several hours to complete, as a property inspector will investigate your house’s interior and exterior.

When a home appraisal is finished, a property inspector will provide you with a detailed report that describes his or her findings. Then, you can use the home insights contained within this report to prioritize myriad home improvements.

With a home appraisal, you can gain deep insights into your house’s condition. That way, you can better understand your house’s strengths and weaknesses prior to adding your home to the housing market.

3. The Current State of the Housing Market

The current state of the housing market may impact your ability to sell your house, and for good reason.

For instance, if you’re operating in a seller’s market, there may be an abundance of homebuyers and a shortage of top-notch houses. This means there will be high demand for the best residences, and you may attract plenty of interest in your house as soon as it becomes available.

Let’s not forget about a buyer’s market, either. In a buyer’s market, there are many home sellers and few homebuyers. Therefore, a home seller may need to allocate significant time and resources to stir up interest in his or her property.

For those who are unsure about how to navigate a seller’s or buyer’s market, hiring a real estate agent usually is an excellent idea. A real estate agent can teach you about the current state of the housing market so that you can get the best results possible during the home selling journey.

Look beyond price before you list your residence, and by doing so, you can boost your chances of a fast home sale.

Maximize Your Home’s Potential

If you plan to list your house in the foreseeable future, you should do everything possible to differentiate your residence from the competition. That way, you can show homebuyers exactly what your house has to offer and increase the likelihood of a fast, profitable home sale.

Now, let’s take a look at three tips to help you optimize your home’s potential.

1. Boost Your House’s Curb Appeal

Your house’s curb appeal may dictate how quickly your residence sells. If you allocate time and resources to transform your home’s exterior from drab to fab, you may be able to reap the benefits of a speedy home sale.

Mow the lawn, trim the hedges and perform other home exterior upgrades. By doing so, you can take your house’s curb appeal to new heights.

Also, if you need assistance with home exterior projects, you can reach out to local home improvement professionals. Contractors are available in cities and towns nationwide, and these professionals can help you enhance your house’s curb appeal in no time at all.

2. Remove Clutter

Clutter is an eyesore that home sellers need to eliminate. Because if your home is overloaded with antiques, decorations and other items, it may be tough for homebuyers to envision what life may be like if they purchase your residence.

If you own lots of items but want to keep these belongings, there is no need to worry. You can always rent a storage unit where you can store various items until your house sells. Or, you can contact family members and friends to find out if they can store some of your belongings for the time being.

On the other hand, if you want to get rid of assorted items, you can host a yard sale or sell items online. This will enable you to simultaneously remove clutter from your house and earn extra cash.

3. Conduct a Home Inspection

Identifying home problems sometimes can be difficult. Luckily, home inspectors are available who can analyze your residence and offer valuable property insights.

Typically, a home inspector will review your residence over the course of a few hours. The inspector then will provide you with an inspection report that details his or her findings. If you analyze the inspection report closely, you can gain comprehensive insights into your house’s strengths and weaknesses and prioritize home improvements.

If you need help finding a home inspector or completing other home selling tasks, you may want to hire a real estate agent as well. A real estate agent will help you revamp your house both inside and out and ensure your residence stands out to property buyers. Perhaps best of all, a real estate agent is happy to respond to any of your home selling concerns and questions, at any time.

Maximize your house’s potential – use the aforementioned tips, and you can update your residence and differentiate your home from the competition.

3 Home Selling Worst-Case Scenarios, and How to Avoid Them

Although a home seller wants to enjoy a quick, seamless home selling experience, problems sometimes can arise along the way. And if a home seller is not careful, these issues may cause him or her to encounter one of the dreaded home selling worst-case scenarios.

Ultimately, there are many home selling worst-case scenarios that a seller should try to avoid at all costs, and these scenarios include:

1. A home is priced too high.

A home seller should establish a competitive price for his or her residence from the get-go. Because failure to do so could force a residence to linger on the housing market for weeks, months or years.

To determine a competitive price, it helps to conduct plenty of real estate market research. Looking at the prices of recently sold houses in your city or town can help you determine whether you’re preparing to enter a buyer’s or seller’s market. Also, examining the prices of comparable houses in your area can help you narrow your price range.

Furthermore, a property appraisal is a viable option for all home sellers, at all times. During an appraisal, a home expert will assess your residence and provide a property valuation. Then, you can use the property valuation to price your home accordingly.

2. A homebuyer requests a price reduction or major repairs after an inspection.

A home inspection generally takes place a few days after a seller accepts a buyer’s offer on a residence. If this inspection reveals a wide array of home problems, it could jeopardize a potential sale.

It often helps to complete a home inspection before listing a residence. This inspection allows a seller to identify any home problems and resolve these issues immediately.

In addition, a home seller should understand his or her options after an inspection that reveals myriad home problems.

If a buyer requests a price reduction or home repairs after an inspection, a seller can agree to the buyer’s terms or counter a buyer’s proposal. Or, if a seller feels a buyer is being unreasonable, he or she can walk away from a home sale and relist his or her residence.

3. A home seller hires a real estate agent who lacks comprehensive industry experience.

If a seller hires a real estate agent who lacks comprehensive industry experience, he or she risks a long, arduous home selling experience.

There is no need to hire an inexperienced real estate agent. In fact, dozens of top-notch real estate agents are available nationwide, and these housing market professionals can help you achieve your home selling goals in no time at all.

The ideal real estate agent will know the ins and outs of the housing market. Plus, he or she will be able to guide you along each stage of the home selling journey and do whatever it takes to promote your residence to the right groups of buyers.

Enjoy a fast, profitable and worry-free home selling experience – consider the aforementioned home selling worst-case scenarios, and you can minimize risk throughout the home selling journey.

What to Do If a Buyer Rescinds an Offer to Purchase Your Home

If a buyer rescinds his or her offer to purchase your house, there is no need to stress. In fact, there are many things you can do to rebound quickly, such as:

1. Address Any Problems with Your Home

Try to find out why a buyer chose to walk away from your residence. That way, you could receive valuable insights into any problems with your home.

For instance, if a buyer discovered myriad home problems during an inspection, you may want to devote time and resources to address these issues. Or, you may want to reduce your house’s initial asking price.

You may want to hire home improvement professionals to perform assorted property upgrades as well. By doing so, you can receive comprehensive assistance with home repairs and ensure any property issues are resolved immediately.

2. Promote Your Home to Buyers

A home deal that falls through is not the end of the world. Thus, you should be ready to re-list your house and promote it to buyers. Because if you reenter the housing market, you can move one step closer to selling your home.

As you promote your home to buyers, you should keep your residence looking great both inside and outside. This will help you boost the likelihood that buyers will fall in love with your residence as soon as they see it.

Don’t forget to consider the buyer’s perspective, too. If you think about why a buyer might choose your home over other available residences, you may be able to highlight your house’s distinct features to the right groups of buyers.

3. Consult with a Real Estate Agent

Let’s face it – you may feel disappointed and frustrated if a buyer rescinds his or her offer to purchase your house. But if you work with an expert real estate agent, you can get the help you need to streamline the house selling journey.

A real estate agent understands what it takes to sell a house, and he or she is ready to assist you in any way possible. First, a real estate agent will learn about your home and ensure you can promote your residence to the right groups of buyers. He or she next will showcase your residence to prospective buyers and host home showings and open house events. Finally, if a buyer submits an offer to purchase, a real estate agent will help you review the homebuying proposal so you can make an informed decision.

Best of all, a real estate agent can help you minimize stress as you navigate the home selling journey. If you ever have concerns or questions during this journey, a real estate agent will respond to them immediately.

The home selling journey may be complicated, and ultimately, a buyer may choose to rescind his or her offer to purchase your residence. However, if you take advantage of the aforementioned tips, you can stay calm, cool and collected in the face of adversity. And as a result, you may be better equipped than ever before to seamlessly navigate the home selling cycle.