Steve Antonucci's Blog
If you plan to sell a house for the first time, it pays to think about how you'll price your house. By doing so, you can establish a competitive price for your residence and boost your chances of a fast, profitable home sale.
Now, let's take a look at three pricing tips that every first-time home seller needs to know.
1. Perform Housing Market Research
Although you may have bought your home in the peak of a buyer's market, it is important to note that the real estate sector constantly fluctuates. This means the value of your home today is unlikely to match its value from a few years ago.
Before you price your house, you should take a look at a variety of housing market data. This information is readily available and will enable you to take an informed approach to the real estate market.
For example, a first-time home seller should examine the prices of available houses that are similar to his or her own. With this housing market data, a home seller can find out how his or her residence stacks up against the competition.
It also helps to review the prices of recently sold houses in your city or town. That way, you can determine whether you're about to enter a buyer's or seller's market and set realistic pricing expectations for your residence.
2. Conduct a Home Appraisal
A home appraisal is exceedingly valuable, particularly for a first-time home seller who is uncertain about the value of his or her house.
During a home appraisal, a property appraiser will examine a residence's condition, as well as various housing market data. Then, this appraiser will provide a comprehensive report that includes a property valuation.
By completing a home appraisal, a first-time home seller can receive expert property insights. Plus, the appraisal enables a home seller to identify a property's strengths and weaknesses.
3. Collaborate with a Real Estate Agent
A real estate agent is a housing market professional who is committed to client results. As such, a real estate agent will go above and beyond the call of duty to help a first-time home seller set the right price for his or her house.
Typically, a real estate agent will meet with a home seller and learn about his or her property selling goals. This housing market professional then will provide extensive housing market insights to ensure a home seller can establish a competitive home price from day one.
Let's not forget about the support that a real estate agent provides throughout the home selling journey, either. A real estate agent will set up home showings and open houses and do everything possible to help a home seller optimize the value of a residence. Also, if a home seller has questions, a real estate agent is ready to respond to them at any time.
Take the guesswork out of pricing your residence – use the aforementioned tips, and a first-time home seller can establish a competitive price for his or her home.
Believe it or not, selling a home may prove to be expensive if you are not careful. However, if you understand the costs associated with selling a house, you can budget accordingly.
Now, let's take a look at three expenses that home sellers commonly encounter.
1. Home Repairs
Cracked siding, floor damage and other home issues are worrisome, particularly for an individual who wants to sell his or her residence as quickly as possible. Fortunately, if you budget for home repairs, you can address these issues before you list your residence.
Oftentimes, it helps to conduct a home inspection prior to embarking on the house selling journey. A home inspection enables a property owner to gain expert insights into any underlying problems with his or her house. Then, the property owner can prioritize assorted home repairs and complete house improvements as needed.
2. Home Cleaning
A messy home is unlikely to garner buyers' attention. On the other hand, an individual who hires a professional cleaning company to improve his or her residence's appearance may be better equipped than ever before to enjoy a successful house selling experience.
Hiring a professional cleaning company may be costly. Yet if you shop around for home cleaning companies in your city or town, you can find a cleaning business that matches your budget.
Don't forget that you can clean your house on your own, too. If you purchase cleaning supplies and enlist family members and friends to help you clean your residence, you could enhance your residence's appearance without breaking your budget.
3. Home Staging
The cost of staging a house varies based on the size of a residence, the extent of the staging and other factors. But if you allocate time and resources to declutter your residence, you may be able to avoid the costs associated with house staging altogether.
To declutter your residence, you should try to remove any unwanted items from your home. You can list these items online or host a yard sale to eliminate clutter and earn extra cash. Or, you can donate your unwanted items to a local charity or give them to family members or friends.
As you get set to sell your house, you may want to hire a real estate agent as well. With a real estate agent at your side, you can cut down on your house selling expenses and get the help you need to achieve your desired results.
A real estate agent understands that each house is different, and he or she crafts a custom strategy for each home seller. Next, a real estate agent and a home seller work together to put this plan into action. And if a seller ever has concerns or questions during the house selling journey, a real estate agent is happy to respond to them.
Plan ahead for home selling costs – you will be glad you did. Because if you budget properly, you can put yourself in a great position to streamline the home selling journey.
If you are looking to sell your home and move out of a major city, there is no need to worry. In fact, there are many quick, easy ways to ensure that you can enjoy a seamless home selling experience, even if your residence is located in the heart of a major city.
Now, let's take a look at three tips for selling a home in a major city.
1. Know Your Target Homebuyer
Think about what led you to buy your city home in the first place. Then, you can put together a home listing that highlights your home's features, thereby increasing the likelihood that your house will generate plenty of interest from potential buyers.
When you create a home listing, think about a city homebuyer's perspective. By doing so, you can ensure that your home listing hits the mark with the right group of buyers.
For example, if your home is located near popular city attractions, it may be worthwhile to include this information in your home listing. Or, if your home includes a new roof and other upgrades, you should incorporate lots of details about these upgrades into your home listing.
2. Establish an Aggressive Price for Your Residence
What you originally paid for your city home is unlikely to match the value of your residence today. However, with a comprehensive approach to analyzing your home's strengths and weaknesses, you can establish an aggressive home listing price from day one.
It often pays to conduct a home appraisal prior to adding a city home to the real estate market. During a home appraisal, a property expert will evaluate your residence, as well as compare and contrast your house against similar homes. After a home appraisal is finished, you will receive a property valuation that can help you set a competitive initial asking price for your house.
Don't forget to check out the prices of comparable houses in your city, either. With this housing market data at your disposal, you can see how your residence stacks up against the competition and price it accordingly.
3. Collaborate with a Real Estate Agent
If you're unsure about how to put together a home listing, price your residence or perform assorted home selling tasks, you should contact a local real estate agent. By hiring a real estate agent, you can receive expert assistance as you try to sell your city residence.
A real estate agent understands the ins and outs of selling a house in any city, at any time. Therefore, this housing market professional will make it easy for you to maximize the value of your city home.
Oftentimes, a real estate agent will meet with you and learn about your home selling goals. He or she then will add your city residence to the real estate market, promote it to potential buyers and keep you up to date throughout the property selling journey.
When it comes to selling a home in a major city, it helps to take an informed approach. Use the aforementioned home selling tips, and you can boost your chances of enjoying a fast, profitable home selling experience.
If you intend to sell your home, you should develop a plan. That way, you can identify any potential home selling hurdles and take steps to address such issues before they escalate.
Now, let's take a look at three tips to help you execute a house selling plan to perfection.
1. Establish a Timeline
You know you want to sell your home, but it is important to understand that it may take several days, weeks or months to complete the house selling cycle. Fortunately, if you establish a home selling timeline, you can set realistic expectations for the property selling journey.
Think about how long you will need to relocate from your current residence to a new one. For instance, if you need to pack up your personal belongings, you should account for this factor as you develop your home selling timeline.
When it comes to selling a house, it generally is a good idea to give yourself as much time as you can. Remember, if you have sufficient time to clean your residence and upgrade your house's curb appeal, you may be able to speed up the property selling cycle.
2. Remain Flexible
Although you may devote significant time and resources to craft an effective home selling strategy, you need to keep in mind that problems may arise during the property selling journey. In some instances, these issues may be unavoidable. However, if you maintain flexibility, you can address any home selling issues and prevent them from slowing down or stopping a house sale.
If you encounter a problem during the home selling journey, try not to stress about it. Conversely, tackle a home selling issue head-on, and you can overcome this problem without delay.
3. Consult with a Real Estate Agent
If you are unsure about how to plan for the home selling journey, you can always hire a real estate agent. Because if you have a real estate agent at your side, you can receive expert guidance at each stage of the house selling cycle.
A real estate agent knows what it takes to sell a residence, regardless of the current housing market's conditions. First, he or she will meet with you, learn about your home selling goals and help you plan accordingly. And when you have a home selling strategy in place, your real estate agent will help you put this plan into action.
As you execute a home selling plan, a real estate agent is ready to provide tips and recommendations as well. If you ever have concerns or questions as you navigate the home selling journey, a real estate agent will respond to them immediately.
For those want to streamline the home selling journey, it helps to craft a plan. Thanks to the aforementioned tips, you can create a first-rate home selling strategy. And as a result, you can use a home selling plan to promote your residence to buyers and maximize your house sale earnings.
When you decide to sell your home, there’s a long list of things that you’ll need to do from finding a real estate agent to making repairs around the home. It’s nice to have a to-do list handy to help you figure out what you need to do and when throughout the course of the sale of your home.
Find Out The Estimated Value Of Your Home
You should do a quick search online to see what your property is valued at. Some websites even have the number of views that your property has gotten over its lifetime on the site. This will give you an idea of how much you might get for the sale of your home as well as how much interest there may be in buying the home to begin with. If you see what your, home has listed in a basic online search, you’ll be able to tell what needs to be updated when the home is actually listed by your realtor.
Get Things Fixed
If there have been issues in the home, you should work on getting them fixed. You’ll also need to know what has happened in the home over the years in order to put together a proper disclosure. Has the basement flooded? Did you face an electrical fire? All of these problems need to be listed. You can also disclose what you did to remedy the issues. The buyer has a right to know and understand that they are moving in under good conditions.
Learn About Potential Real Estate Agents
It’s so important to hire the right agent when you’re selling your home. You are getting a return on your initial investment, so you want it to be a good one! You’ll also want to know that you have someone who will be there to do home showings, process paperwork, and be your advocate throughout the process. You can contact various references that real estate agents provide and ask how they felt about the agent’s work.
Find Out How Your Home Will Be Marketed
In Today’s technology-based world, there are so many ways that a home can be marketed. This includes the use of websites, social media, open houses, video tours, and photos. Your agent should be well-versed in all of these areas, or be able to hire people who do know how to best use these areas of marketing. Every avenue that is used to get buyers for your home is beneficial to you as a seller.
Understanding the process of how a home is sold can help you to be prepared when you’re ready to sell.