Our Real Estate Blog
Selling your home can be scary, particularly for those who are listing a residence for the first time. Fortunately, we're here to help you face your home selling fears so you can overcome them before you add your property to the real estate market.
Now, let's take a look at three common home selling fears, along with some of the ways that you can put these concerns to rest.
1. I won't be able to get the best price for my home.
Getting the best price for a house is the number one concern for most home sellers, and for good reason. Lucky for you, there are several quick, easy ways to ensure you can maximize the value of your residence.
First, check out the housing market and see how your house stacks up against similar residences that are available. This will enable you to collect valuable housing market data that can help you price your house accordingly.
Don't forget to complete a home appraisal too. A property appraiser will allocate the necessary time and resources to analyze your house's interior and exterior. Then, he or she will provide a report that outlines your home's strengths and weaknesses so you can better understand the true value of your residence.
2. My home will stay on the real estate market for years to come.
Let's face it – a home seller likely wants his or her residence to sell as soon as it hits the real estate market. Sometimes, a house can linger on the real estate market for an extended period of time. And when this happens, it is easy to question whether a homebuyer will ever submit an offer on a residence.
As a home seller, it is important to ensure your house makes a positive first impression on homebuyers.
Spend some time mowing the front lawn, clearing dirt and debris from walkways and performing assorted home exterior improvements. This will enable you to boost your house's curb appeal instantly.
Also, declutter your home's interior as much as possible. By doing so, you can make it simple for homebuyers to envision what life would be like if they decide to purchase your residence.
3. When the time comes, I won't be able to relocate to a new home.
After you sell your residence, you'll need to move to a new address. The relocation process often can be difficult, especially if you have lived in a particular house for many years.
A real estate agent can help you prepare for the relocation process. This housing market professional understands all aspects of the home selling cycle, and as such, will be happy to offer expert assistance at all times.
Although selling a home may seem challenging, an informed home seller will understand what it takes to get the best results possible. And if you address your home selling fears now, you should have no trouble optimizing the value of your house and accelerating the home selling process.
Figure out your financesYou should be an expert at you and your significant other's personal finances if you are thinking about buying a home. The first thing to look at is your income and expenditures. Put the following information in a spreadsheet:
- Total monthly income
- Total monthly expenditures (bills, gas, food, etc.)
- Total monthly savings
- Total savings and assets
- Credit and FICO score (request both of these online)
Lock Down Your FinancingThere are several types of mortgages that you'll need to choose from, and you'll want to learn about fixed and adjustable mortgage rates. This information should be informed by your long-term plans. Are you looking for your first home or your forever home? If you don't plan on fully paying off the home you might look for a low, adjustable rate while you earn money. But if you want to stay in your home until it's paid off, a fixed rate might be better for you.
Finding and buying your homeOnce you've determined your price range, start thinking about things like location and the kind of home you can afford. If you're handy with tools and have the time, it might be in your best interest to buy a home than needs some work at a lower cost. If you'd rather put in more hours at work, go with the home that needs less work and save money that way. Depending on whether or not you're in a buyer's market or a seller's market, the ball can be in your court or the seller's. In a seller's market, which is more likely today in many parts of the country, the seller will have more leverage in negotiations, including closing dates and move-out dates. Due to high competition, you should also be prepared to miss out on some offers. But be patient, and you should find the home you're looking for.
An open house can be a life-changing event for a homebuyer. If you plan ahead for an open house, you should have no trouble determining whether a residence matches or exceeds your expectations. And if the answer is "Yes," you can proceed quickly to submit a competitive offer to acquire a house.
What does it take to prep for an open house? Here are three open house preparation tips that every homebuyer needs to know.
1. Understand Your Budget
Before you attend an open house, you should find out how much money is at your disposal. Thus, you may want to meet with banks and credit unions to see if you can get pre-approved for a mortgage. That way, you can kick off your home search with a budget in hand.
Although you know that you have only a certain amount of money to spend on a residence, it may be worthwhile to consider attending open houses for residences with initial asking prices that are above your price range. Because in some instances, a home seller may be willing to accept an offer that falls below his or her initial asking price.
2. Create a List of Questions
A home is one of the biggest purchases that a person can make, and as such, it pays to be diligent. If you craft a list of questions before an open house, you can get immediate responses from the showing agent. Then, you can determine the best course of action.
When it comes to an open house, there is no such thing as a "bad" question. As a homebuyer, it is paramount to get as much information as possible about a residence to determine whether a house is right for you. Therefore, if you create a list of questions in advance, you can improve your chances of getting the most out of an open house.
3. Consult with a Real Estate Agent
If you're uncertain about how to approach an open house, you're not alone. Fortunately, real estate agents are available nationwide who are happy to teach you the ins and outs of the real estate market. By doing so, these housing market professionals will make it easy to take an informed approach to any open house, at any time.
A real estate agent will always keep you up to date about new residences as they become available. Also, if you are interested in homes in a particular city or town, a real estate agent will notify you about open houses in this area. And if you need extra help prepping for an open house, a real estate agent is happy to assist you in any way possible.
Let's not forget about the support that a real estate agent provides throughout the homebuying journey, either. A real estate agent will help you submit an offer on a house, negotiate with a seller's agent on your behalf and much more.
Be diligent as you get ready for an open house – use the aforementioned tips, and you can fully prepare for an open house.
If you plan to sell your house in the near future, it often pays to focus on your garage. In fact, doing so may help you find innovative ways to differentiate your residence from other available houses and boost your chances of a fast, profitable home sale.
Ultimately, there are many quick, easy ways to transform an ordinary home garage into an exceptional one – here are three tips to help you do just that.
1. Remove Clutter
From rusty automotive parts to assorted paint cans and tools, your garage may be filled with a wide range of excess items. However, if you spend some time decluttering, you can cut down on excess items and improve your garage's appearance.
Separate must-keep items from excess ones in your garage. Then, if you have an abundance of clutter, you can host a yard sale or list excess items online.
Furthermore, if you're struggling to get rid of garage clutter, you may be able to donate some items to charity. By doing so, you can do a good deed and eliminate clutter from your garage at the same time.
2. Perform Deep Cleaning
A neat, well-organized garage can make a world of difference in homebuyers' eyes. Thus, you should focus on cleaning your garage from top to bottom.
Sweeping the floors usually offers a great starting point for garage cleaning. You also can wipe down tool benches and other garage surfaces and vacuum your garage as needed.
In addition, don't forget to err on the side of caution as you clean your garage. And if it's been many months since you last cleaned your garage, you should wear goggles, hand protection and a face mask while you clean.
3. Consult with a Real Estate Agent
When it comes to getting a home garage show-ready, hiring a real estate agent is a must. With a real estate agent at your side, you can find the best ways to enhance your house's appearance both inside and out.
Typically, a real estate agent will meet with you before you list your house. He or she then will examine each area of your home – including the garage – and offer honest, unbiased home maintenance and improvement tips. That way, you can prioritize various home upgrades.
A real estate agent will even provide expert support throughout the home selling journey. For example, if you need extra help cleaning your garage, a real estate agent can put you in contact with professional home cleaning companies in your city or town. Or, if you're unsure about how much your home is actually worth, a real estate agent can provide housing market data to help you price your residence appropriately.
Unfortunately, home sellers sometimes ignore garage cleaning as they prep their residences for the real estate market. But with the aforementioned tips, you should have no trouble upgrading your garage and transforming this area into a key differentiator for your home.
A homebuyer is an interesting person, and perhaps it is easy to understand why.
Each homebuyer is different, yet every property buyer shares a common goal: to acquire a top-notch house at a budget-friendly price. Furthermore, how a homebuyer approaches the property buying journey may dictate how long it takes this individual to accomplish his or her ultimate goal.
So what does it take for a homebuyer to become a homeowner? To find out, let's analyze the homebuyer's perspective and consider three steps that a homebuyer can take to speed up the property buying journey.
1. Know What You Want to Find in Your Dream Residence
No two homebuyers have the same definition of a "dream" residence. As such, it is up to you to define the criteria for your home search, and doing so may help you accelerate the homebuying cycle.
Differentiate between "must-haves" and "wants" before you kick off your home search – you'll be glad you did.
"Must-haves" refer to things that you absolutely need from your dream home. Some of the most common must-have home features include a fenced-in backyard or multiple bedrooms.
On the other hand, "wants" are things that you would like to have but can live without. These may include an indoor swimming pool, a spacious basement or other non-essentials.
After you define your dream home must-haves and wants, you can narrow your search for the ideal house. Then, you can move one step closer to transforming your homeownership dream into a reality.
2. Get Pre-Approved for a Mortgage
Let's face it – every homebuyer wants to acquire an excellent residence, but no one wants to break their budget to purchase a house. Thankfully, you can meet with a variety of banks and credit unions to get pre-approved for a mortgage before you embark on your quest for the ideal house.
Getting pre-approved for a mortgage can be fast and simple. Meet with several lenders, and you can explore all of the mortgage options at your disposal.
Also, don't forget to ask questions about different types of mortgages. This will allow you to become a mortgage expert and select a mortgage that matches your finances perfectly.
3. Collaborate with a Real Estate Agent
As a homebuyer, entering the real estate market can be overwhelming. But with a real estate agent at your side, you can get the support you need to secure a first-rate house at an affordable price, regardless of the current housing market's conditions.
A real estate agent is a housing market professional who will go above and beyond the duty to serve you in any way possible. He or she will set up home showings, keep you up to date about new residences as they become available and negotiate with home sellers on your behalf. Plus, if you ever have homebuying concerns and questions, a real estate agent will be happy to respond to them at any time.
Ready to acquire your dream residence? Now that you understand the homebuyer's perspective, you can take the guesswork out of finding and buying a residence that matches or exceeds your expectations.