Sandy Lucchesi's Blog
The home selling journey may include many ups and downs, particularly for a seller who fails to plan ahead. Fortunately, we're here to help you set realistic expectations for the home selling journey so you can achieve the optimal results.
Now, let's take a look at three tips to help you establish realistic expectations for the home selling journey.
1. Know Your Home
Your home's condition may have deteriorated over time. Therefore, the value of your house today is unlikely to match what you initially paid for your home.
To understand the current valuation of your house, you may want to perform a home appraisal. This will enable you to receive a property valuation from an expert home appraiser. Then, you can use this valuation to establish a competitive price for your residence.
2. Conduct a Home Inspection
Although you may have performed a wide range of home upgrades over the years, underlying house problems may persist. Thankfully, a home inspection makes it easy to learn about myriad home problems before you add your house to the real estate market.
During a home inspection, a property expert will examine your residence both inside and out. Following the inspection, you'll receive an inspection report with detailed findings about the condition of your house.
Examine the results on a home inspection report closely – you'll be glad you did. If you analyze the inspection results, you may be able to discover innovative ways to enhance your residence. And if you perform property improvements, you may be able to boost your house's value and increase the likelihood of a fast, profitable home sale.
3. Collaborate with a Real Estate Agent
If you're unsure about how to kick off the home selling journey, there is no need to stress. In fact, real estate agents are available in cities and towns nationwide who are happy to provide comprehensive insights into all aspects of selling a house.
A real estate agent can teach you about the ins and outs of the housing market. By doing so, a real estate agent will help you understand how to price your home and promote it to the right groups of buyers.
Moreover, a real estate agent will deliver in-depth support at each stage of the home selling journey. He or she will set up home showings and open house events, negotiate with a buyer's agent on your behalf and help you review offers on your house. And if you ever have concerns or questions about selling your home, a real estate agent is available to respond to them right away.
Working with a real estate agent can help you transform an ordinary home selling experience into an exceptional one. Perhaps most important, a real estate agent can offer honest, unbiased recommendations to ensure you can maintain realistic expectations throughout the home selling journey. And as such, a real estate agent can help you quickly and effortlessly accomplish your desired home selling results.
A buyer's market can challenge even the most diligent home seller. Fortunately, we're here to help you stir up plenty of interest in your house, regardless of the current housing market's conditions.
Now, let's take a look at three tips to help you get ready to sell your residence in a buyer's market.
1. Assess the Housing Market
You know a buyer's market favors homebuyers over home sellers, but you still have no idea how this market operates. Fortunately, if you allocate time and resources to learn about the local real estate sector, you'll be better equipped than ever before to maximize the value of your home.
Take a look at the prices of recently sold houses in your city or town. That way, you can see how long these homes are generally available before they sell. You also can examine the sold prices of these houses to better understand how you should price your residence.
Furthermore, you should assess the prices of available houses in your city or town that are similar to your own. This housing market data can help you establish a competitive price for your residence from day one.
2. Perform a Home Inspection
A home inspection commonly is performed after a seller accepts a buyer's offer on a house. However, if you perform an inspection before you add your residence to a buyer's market, you can take a proactive approach to address various home problems.
During a home inspection, a property expert will examine your residence and detail his or her findings. You then can use the home inspection results to prioritize home improvement projects and upgrade your residence. As a result, you can enhance your house and find ways to differentiate it from the competition.
3. Consult with a Real Estate Agent
Selling a home in a buyer's market is exceedingly difficult, especially for those who choose to work alone. Thankfully, real estate agents are available to guide you along the home selling journey and ensure you can achieve the optimal results.
By hiring a real estate agent, you can receive extensive assistance at each stage of the home selling journey, even in a buyer's market. First, a real estate agent will learn about you and your home, as well as your home selling goals. This housing market professional then will offer recommendations to help you enhance your home and ensure it stands out to potential buyers. Next, a real estate agent will list your residence and host open house events and home showings. And if a buyer submits an offer on your house, a real estate agent will help you review this proposal and make an informed decision.
When it comes to selling a home in a buyer's market, there is no need to worry. Take advantage of the aforementioned tips, and you can separate your residence from the competition and boost the likelihood of a profitable home sale.
If you want to promote your house to potential buyers, there is no shortage of options at your disposal. In fact, some of the proven ways to showcase a residence to potential buyers include:
1. Home Listing
A home listing can make a world of difference for any home seller, at any time. However, it is important to note that not all home listings are created equal. But if a seller allocates the necessary time and resources to create an effective home listing, he or she should have no trouble stirring up interest in a residence.
Oftentimes, an effective home listing includes accurate information about a home's age and condition. The listing also should be both informative and engaging.
The ideal home listing should be shared with a seller's family members and friends too. That way, a seller's loved ones can offer details to lots of potential buyers about a residence, thereby increasing the likelihood of a fast home sale.
2. Social Media
Facebook, Twitter and other social networks are exceedingly valuable to home sellers. These networks enable sellers to share details about their residences, as well as respond to potential buyers' concerns and questions.
If you decide to share details about your home via social media, it often helps to include high-resolution photographs of your residence. With these photographs, a seller can showcase various areas of a home and help a buyer determine whether to set up a date and time to check out a residence in-person.
Furthermore, don't forget to post to social media regularly. Because the more frequently that a seller shares details about his or her home across social networks, the more likely it becomes that a potential buyer will learn about the residence and schedule a home showing.
3. Real Estate Agent
If you are unsure about how to promote your residence to potential buyers, there is no need to worry. Dozens of real estate agents are available in cities and towns nationwide, and these housing market professionals can guide you along the home selling process.
A real estate agent will learn about your home selling goals, as well as your residence. Then, this housing market professional will offer home selling suggestions and help you map out a successful home selling strategy.
Typically, a real estate agent will set up home showings and open house events, keep you up to date about offers on your residence and negotiate with a buyer's agent on your behalf. He or she also is unafraid to speak from the heart, and as such, will provide honest, unbiased home selling recommendations.
Perhaps best of all, a real estate agent can respond to your home selling queries. This housing market professional will even educate you about the real estate market and ensure that you can make informed home selling decisions.
Ready to promote your residence to large groups of potential buyers? Use the aforementioned options, and you can improve your chances of stirring up substantial interest in your house.
Before you list your residence, you'll want to consider your home selling price closely. By doing so, you can improve your chances of generating significant interest in your home without sacrificing any potential profits.
Ultimately, finding the best home selling price can be quick and easy – here are three tips to help you do just that.
1. Perform a Real Estate Market Analysis
Evaluate how your house stacks up against the competition by performing a real estate market analysis. This will enable you to collect a broad assortment of housing market data and set an aggressive price for your house based on the current real estate sector's conditions.
As part of a real estate market analysis, take a look at the prices of local houses that are similar to your own. This will help you establish a price range for residences in your city or town.
Also, check out the prices of recently sold homes in your region. This housing market information will help you differentiate between a buyer's market and a seller's market and ensure you can price your residence appropriately.
2. Get Your Home Appraised
A home appraisal offers many benefits for a home seller that extend beyond establishing the best home selling price.
During a home appraisal, a property inspector will examine a residence both inside and out. Then, he or she will offer an inspection report that outlines a house's strengths and weaknesses as well as the present value of a house.
When it comes to figuring out the best home selling price, a home appraisal is ideal. This appraisal will make it easy for you to establish a competitive price for your home from the get-go. Plus, it may help you uncover innovative ways to improve the condition of your house before you add your residence to the real estate market.
3. Consult with a Real Estate Agent
Although a home seller may conduct a comprehensive real estate market analysis and receive a home appraisal as he or she evaluates the best home selling price, nothing beats working with a real estate agent. In fact, a real estate agent is happy to provide expert home selling assistance and ensure that you can get the best results possible at each stage of the home selling journey.
A real estate agent will learn about your home selling goals and help you map out the home selling journey accordingly.
For example, if you're in a hurry to sell your house, a real estate agent can help you set an aggressive price that results in a quick home sale. On the other hand, if you're dedicated to maximizing the value for your residence, a real estate agent will make it simple to optimize your home selling profit.
With a real estate agent at your side, establishing the best home selling price should be no trouble at all. This housing market professional will go above and beyond the call of duty to support your home selling goals and guarantee that you can enjoy a seamless home selling experience.
A home appraisal is paramount for a house seller. If a seller enters the real estate market with an appraisal report in hand, he or she can use the report's property valuation to determine the optimal price for a residence. Then, this individual can set an aggressive price for his or her house from day one of the home selling journey.
Ultimately, not all home appraisers are equal. Some of the key factors to consider as you weigh the pros and cons of hiring a home appraiser include:
1. Industry Experience
Hire a home appraiser who knows the ins and outs of the real estate industry – you will be happy you did. If you have a real estate expert at your side, you can receive a data-driven appraisal of your house.
Oftentimes, it helps to perform lots of research before you hire a house appraiser. If you reach out to an appraiser directly, you can learn about his or her industry expertise. Plus, you can use this opportunity to receive immediate responses to any home appraisal questions.
2. Client Referrals
Although it may be tough to determine exactly how an appraiser will analyze a house, it generally is a good idea to explore how past clients feel about this professional. If you request client referrals, you can get in touch with an appraiser's past clients. You then can receive firsthand insights about what it is like to work with this appraiser.
Typically, a home appraiser can provide client referrals upon request. If you allocate time and resources to request client referrals and connect with an appraiser's past clients, you could increase your chances of hiring a top-notch appraiser to assess your residence.
3. Your Home Selling Timeline
There is no guarantee that a home appraiser will be available on short notice. If you are operating on a tight home selling timeline, you may want to reach out to multiple home appraisers in your city or town. That way, you can find a first-rate home appraiser who can review your residence right away.
As you get set to add your house to the real estate market, you may want to hire a real estate agent, too. This housing market professional can put you in touch with the top home appraisers in your area. Also, he or she is happy to lend a helping hand at each stage of the property selling journey.
Let's not forget about the assistance that a real estate agent will provide after you list your house, either. At this point, a real estate agent will promote your residence to potential buyers. And if you receive an offer to purchase your house, a real estate agent will help you make an informed decision about whether to accept, reject or counter this proposal.
Ready to add your house to the real estate market? Hire a home appraiser, and you can receive a property valuation that you can use to price your residence competitively from day one of the house selling journey.