Twila E. Palmer's Blog
A seller's market provides many opportunities for those who plan to list a residence in the near future. If you know how to capitalize on a seller's market, you may be able to quickly and effortlessly sell your house and maximize your property sale earnings.
Now, let's take a look at three tips to help you get the most out of a seller's market.
1. Analyze Your Home's Strengths and Weaknesses
It may be beneficial to conduct an inspection prior to adding your house to a seller's market. With an inspection report in hand, you can assess your residence's strengths and weaknesses. Then, you can perform home repairs and upgrades and boost the likelihood of getting the best price for your residence.
In addition, you may want to complete a home appraisal. If you receive an appraisal report, you can analyze a property valuation and use this information to establish an aggressive initial asking price for your house.
2. Craft an Engaging Home Listing
A home listing typically plays a pivotal role in the house selling journey. If you devote time and resources to create an engaging home listing, you should have no trouble stirring up lots of interest in your home in a seller's market.
As you craft a home listing, it may be a good idea to evaluate the buyer's perspective. If you understand what separates your home from comparable residences in your city or town, you may be able to find innovative ways to differentiate your house listing from all others.
It often helps to include high-resolution images of your home in your listing too. You also should incorporate accurate details about your home into your listing to help buyers determine if your residence matches or exceeds their expectations.
3. Work with a Real Estate Agent
Selling a home sometimes is tricky, regardless of the current housing market's conditions. Lucky for you, real estate agents are available who can help you achieve the optimal results in a seller's market.
A real estate agent knows what it takes to sell a residence in any location, at any time. First, he or she will create a personalized home selling strategy designed to help you accomplish your desired goals. A real estate agent next will put this plan into action and promote your residence to potential buyers. If you receive an offer to purchase your house, a real estate agent will help you determine whether to accept, reject or counter this proposal.
Furthermore, a real estate agent will help you finalize a home sale. He or she will offer tips and recommendations to help you prepare for a home closing and respond to any of your concerns or questions. Plus, a real estate agent will keep in touch with you as your home closing date approaches to help you alleviate stress.
There are lots of things you can do to capitalize on a seller's market. Thanks to the aforementioned tips, you can take advantage of a seller's market and seamlessly navigate the home selling journey.
It’s a competitive market for home sellers right now. That means it’s more important than ever to make your house stand out from the competition and draw visitors to your listings and open house, as well as attracting interested buyers with excellent curb appeal.
All of these preparations take time and planning. However, if done correctly, you’ll not only bring more potential buyers to visit your home, but you’ll also be able to increase your asking price based on a few key aesthetic upgrades.
In this post, I’m going to fill you in on some of the most time and cost-effective ways to prepare your house for sale to bring the most number of potential buyers.
Make a revitalization budget
Before you start spending on your home upgrades, take the time to make a budget for the things that are the most important to making your home look and feel great. This budget will help you keep your spending in check and get the most out of your sale preparations.
Start working on curb appeal
Without spending much money, many homeowners can drastically increase the curb appeal of their home. Pressure washing the siding and sealing and sweeping the driveway is a great start.
Before taking photos or receiving visitors, trim and edge the lawn and lay down some fresh mulch. You don’t need to spend hundreds on flowers to make a substantial difference on curb appeal.
To make your home stand out and look up-to-date, apply a fresh coat of paint to your front door. Choose a color that complements your home, but one that also “pops” and grabs your attention.
Declutter and organize
Preparing your home for sale also happens to be a great time to start packing away some personal belongings. Family photos and other items that are unique to your family are best left out of your photos and distract viewers from being able to picture themselves in your home.
Since our homes are built to live in, many of us keep our things in convenient places rather than tucking them away. Now is a good time to try and find ways to integrate some minimalism in your home so that visitors don’t feel crowded by clutter.
Spend money on the right items
Some home upgrades just aren’t worth the time and money they’ll take to perform before selling. So, it’s best to prioritize the things that will have the most impact on visitors and viewers of your real estate photos.
A new welcome mat and cabinet handles are a great example of inexpensive upgrades that can make a home feel new again.
Take a look around your home and find the accessories that look dated or worn and see what you can accomplish on your budget.
A home seller may dread the thought of dealing with an aggressive property buyer, i.e. an individual who submits many requests for property improvements or price reductions prior to the closing of a home sale. Fortunately, we're here to help you take the guesswork out of dealing with an aggressive homebuyer.
Now, let's take a look at three tips to help a home seller get the best-possible results when he or she deals with an aggressive property buyer.
1. Keep Your Cool
Let's face it – an aggressive homebuyer may test your patience. But if you remain calm, cool and collected when you deal with an aggressive homebuyer, you may be better equipped than ever before to accomplish your desired home selling results.
Remember, the ultimate goal of the house selling journey is to maximize your property sale earnings. If you remain open to communication with a buyer, both you and this individual can work together to find common ground. And as a result, you and a buyer can collaborate to achieve the optimal results.
2. Know Your Options
If a buyer makes exorbitant requests during the home selling journey, it is important to keep in mind that you have options. And if problems start to escalate, you may be able to walk away from a property selling agreement.
For example, if an aggressive buyer conducts a home inspection and asks for a massive price reduction following the evaluation, you can still negotiate with this buyer. And if you and the buyer cannot come to terms, there is no need to stress. At this point, you can move on from a potential home sale and re-list your residence.
3. Hire a Real Estate Agent
Dealing with an aggressive homebuyer can be worrisome. For sellers who want to avoid the potential dangers associated with dealing with an aggressive buyer, it may be beneficial to hire a real estate agent.
In addition to guiding you along the property selling journey, a real estate agent is happy to help you negotiate with a buyer and his or her agent. That way, you can boost the likelihood of enjoying a quick, profitable house selling experience.
Typically, a real estate agent will serve as a liaison between you and a buyer. And if a buyer requests property upgrades or a price reduction prior to closing day, a real estate agent can offer recommendations about how to proceed with these requests.
A real estate agent also is available to respond to any of your home selling concerns or questions. This housing market professional understands the property selling experience can cause a seller to worry, especially if this individual is forced to deal with an aggressive buyer. But with a real estate agent's assistance, a seller can take the necessary steps to minimize potential property selling hurdles.
Simplify a negotiation with an aggressive homebuyer – use the aforementioned tips, and any home seller can seamlessly navigate a negotiation with any buyer, at any time.
Persistence may prove to be exceedingly important to a home seller. In fact, a persistent home seller may be better equipped than others to reap the benefits of a fast, profitable property selling experience.
Now, let's take a look at three tips to help you become a persistent home seller.
1. Analyze the Real Estate Market
Persistence and confidence often go hand-in-hand. And if a seller allocates time and resources to learn about the housing sector, he or she can build the confidence needed to remain persistent throughout the home selling journey.
Take a look at the prices of available houses in your city or town that are similar to your own residence. By doing so, you can see how your house stacks up against the competition and identify innovative ways to differentiate your residence from the pack.
Furthermore, it may be beneficial to look at the prices of recently sold residences in your area. This housing market data can help you determine whether you're preparing to enter a seller's or buyer's market.
2. Set an Aggressive Initial Home Asking Price
A persistent home seller will take a data-driven approach to establish a competitive initial asking price for his or her residence. That way, this seller can set an aggressive home price that will help his or her residence stir up plenty of interest as soon as it becomes available.
Conducting a home appraisal offers a quick, easy way to receive an expert property valuation. It usually only takes a few days to receive a home appraisal report. Once a seller has this report, he or she can use it to set an aggressive initial home asking price.
3. Hire a Real Estate Agent
Even a persistent home seller realizes that he or she may struggle to navigate the home selling journey alone. Thankfully, if you hire a real estate agent, you can receive comprehensive support at each stage of the home selling cycle.
A real estate agent is committed to helping a home seller enjoy a seamless property selling experience. He or she will work directly with a seller and keep him or her up to date throughout the house selling process. As a result, a home seller and real estate agent together can maximize the value of any house, at any time.
In addition, a real estate agent is resourceful and will do whatever it takes to promote a residence to the right groups of buyers. He or she will host open house events and home showings and provide a property seller with plenty of feedback. Best of all, a real estate agent maintains constant communication with a house seller. And if a seller has questions, a real estate agent is ready to answer these queries.
For home sellers who want to achieve the best-possible results, persistence is paramount. With the aforementioned tips, anyone can become a persistent home seller and boost the likelihood of a successful house selling experience.
There’s many different things that can make or break a home sale. When you’re selling your home, you want it to be as attractive as possible to buyers. Besides proper staging, there’s plenty of things that you can do to attract buyers and get the best price for your home.
Don’t Let Gutters Hold You Back
Routine gutter maintenance can save you a lot of grief later. Just simply taking the time to clean your gutters can prevent a lot of damage to the foundation of your home. Water will be able to run off to surface of your home properly.
The Roof Is A Problem Area
Roofs typically last anywhere between 20 and 25 years. If it’s approaching the end of its lifespan, or if it needs repairs, you’re wise as a seller to spend money on the roof. It will keep buyers interested, and you’ll be able to negotiate a better return on the sale of your home. You can even get a certification that the roof is in good shape to help you during the inspection phase.
Buyers Want Modern Appliances
While replacing some appliances doesn’t seem like that big of a deal to homebuyers, having more modern appliances in your home helps buyers to see that you have done some updating. It won’t leave buyers wondering what else needs to be replaced in the home if the appliances are from the current decade.
The Doors And Windows Are A Pathway To Selling
When potential buyers enter your home, expect them to open your doors and windows. Any windows that are stuck or doors that don’t work properly can be red flags to buyers who are looking for homes that have been well-kept. Replacing the windows in your home can bring you a return of between 50 and 80%. Complete replacement may not be necessary if the windows are still functioning as they should.
Maintain HVAC Units For Happy Buyers
Typical well-cared for HVAC systems can last up to 25 years. One that is aging can be a problem area for some buyers. If you don’t want to lose a sale, an old heating and cooling system can be an issue for you as a seller. Keep in mind that this could also be a place for negotiations during the sale of the home.
The Foundation Gives Buyers An Overall Picture Of The Home
Cracks in the walls or the foundation itself can be a sign of larger problems in the home. You should fix any cracks in the foundation or issues with the walls. Definitely have a plan in place in case buyers worry about any repairs that were made to the foundation, especially after the inspection.
One of the big areas that can be a deal breaker in the sale of a home is the discovery of radon. This is a radioactive gas that is a proven carcinogenic. It’s found in rocks, salt, soil and water. This one thing can throw both buyers and sellers for a loop, so do your research in the selling process.
Don’t Be Overzealous In Your Listing Price
One of the biggest reasons that you won’t find the right buyer for your home is the listing price. Without a good pricing strategy, your home could stay on the market for a long time. Be sure that you’re not listing a property above the market value so you’re not missing out on the right buyers.