Selling a home can be challenging, even for an individual who is laser-focused on getting the best price for his or her house. Fortunately, we're here to help you achieve the best-possible results during the home selling journey.
Now, let's take a look at three tips to help you obtain the best price for your residence.
1. Study the Prices of Comparable Residences in Your Area
Your home may seem like it is one of a kind, but there likely are comparable houses in your city or town. If you take a look at the prices of comparable houses in your area, you may be better equipped than ever before to establish a competitive initial asking price for your residence.
Also, studying the prices of comparable residences in your area enables you to see how your house stacks up against the competition. And if you find your home pales in comparison to its rivals, you may want to dedicate time and resources to upgrade your house. That way, you can help your house stand out to potential buyers.
2. Conduct a Home Appraisal
A home appraisal commonly is requested by a buyer after a seller accepts his or her offer to purchase a residence and a property appraisal has been completed. However, it may be beneficial for a seller to conduct a home appraisal, especially if this individual wants to get the optimal price for his or her residence.
By conducting a home appraisal, you can receive expert insights into how much your house is currently worth. Then, you can use your home appraisal results to set an aggressive initial asking price for your residence.
3. Collaborate with a Real Estate Agent
If you are unsure about how to price your residence, you may want to hire a real estate agent. Because if you have a real estate agent at your side, you can quickly and effortlessly accomplish your property selling goals.
First, a real estate agent will meet with you and learn about your residence. This housing market professional next will help you establish a competitive initial asking price for your home that accounts for the current state of the real estate market. A real estate agent then will list your home, promote it to potential buyers and set up home showings and open house events. And if you receive an offer to purchase your residence, a real estate agent can help you review this proposal and decide how to proceed.
Of course, a real estate agent will do everything possible to help you maximize your house sale earnings too. He or she will negotiate with a buyer's agent on your behalf and ensure you can get the best price for your residence – regardless of the current housing market's conditions.
Don't wait to list your home and maximize your home sale profits. Instead, take advantage of the aforementioned home selling tips, and you can boost the likelihood of a fast, profitable property selling experience.
Many sellers aren’t sure how to give a positive spin to their small backyard. We imagine that most homeowners want a large expanse of green with various types of trees and maybe even room for a vegetable garden.
However, there are ways to make a small yard a good thing. After all, less yard means less grass to mow and water and worry over when drought hits.
In this article, we’re going to give you some tips on making your tiny yard appealing to buyers.
Making an area seem more spacious is often a matter of smart decorating. Just like you can make a room appear bigger with bright colors and mirrors, you can make a yard appear bigger with proper landscaping and outdoor furniture.
When it comes to patio furniture, keep it simple. You don’t need a massive set of furniture in a small yard, and filling your yard up with chairs will make it feel crowded.
Choose a few well-placed decorations for your yard, and keep it simple.
A good way to make a small yard feel more in touch with nature is to plant in containers. Sticking to a central theme with your plants will give the yard a sense of continuity and simplicity that will make it feel welcoming.
Container gardening is also a good option for people who live in arid areas prone to drought. You can choose drought resistant plants that are easy to maintain.
Landscaping is key
You know how a cluttered and messy bedroom feels small and unwelcoming? The same is true for a cluttered and unkempt backyard. Cutting the grass and trimming the trees and hedges will go a long way. However, also remember to not use your backyard as a storage space. Tools and equipment that aren’t put away will make the yard feel even smaller than it already is.
Set a focal point
Small backyards don’t need a lot of features and amenities. One key area is enough to satisfy the eye. Rather than choosing several small decorations, stick to one thing. Whether it’s a small box garden, a fireplace, or a well-placed tree, drawing the eye is one way to distract from the size of the space.
Small is a style
The last important thing to keep in mind is that houses with small backyards are usually found in locations where small backyards are expected. You wouldn’t dream of finding a large backyard behind a class brownstone in Brooklyn, and as a result, the small backyards of those builds have taken on a charm of their own.
If you aren’t sure about how to incorporate landscaping and decorations in your tiny backyard, look up some inspiration online for urban backyards that match the style of your home. This will attract buyers who are already looking for something that your home already has--character.
As anyone up-to-speed on technology knows, social media is everywhere. And it’s a powerful tool—if used properly. You can share information in real-time and receive real-time responses and reactions. Therefore, you should be using social media to your advantage when selling your home. You’re probably wondering what social media has to do with selling a home, right? Well, let’s take a look at a couple ways where social media will not only come in handy, but might just help sell your home in real-time.
1. Post your listing
It’s very likely that your listing will be posted on many real-estate sites and even on social media. This is your opportunity to capitalize on that posting and post on your own social media channels. Consider posting to Facebook, Twitter and even Instagram. By doing this you are increasing the views that your listing will receive and increasing the likelihood that the right buyer will see your home. And all it takes is one person to love your home for it to sell.
2. Ask your friends to share
Word of mouth goes a long way. Technology’s way of word of mouth is through sharing on social media. And if you want to maximize the amount of people who will see your listing, ask your friends to share the posting—they may even add a little note to their share, which (if positive, hopefully) will only help.
3. Give them a reason to love your home
Add a personal message when sharing your listing. Tell the story of how your daughter took her first steps in the family room or how you felt the first time you walked through the front door. Giving that personal touch will bring positive feelings of your home. It will give the potential home buyer the thoughts of all the firsts that they could experience in that home.
Of course, social media will not sell your home. You should be taking the proper steps suggested by your realtor to get it in optimal shape for selling such as making small updates, decluttering, and removing overly personal items. You should also have great photos of your home for the listing. The photos will make a world of a difference when buyers are looking online. It could make or break whether they even consider your home or attend a showing.
If selling your home is timely then social media should bean important component to your selling strategy. It’s the age of technology and every generation is on social media in some respect, especially the millennial generation. And it’s important to pay attention to the millennials as more and more will begin the home buying process. It’s essential to be where they are and for most, they’re on social media.
If you plan to sell your home soon, you should learn about the local housing sector. By doing so, you can gain the insights you need to promote your residence to the right groups of buyers and optimize your home sale earnings.
Now, let's take a look at three tips to help you analyze the local housing market before you list your residence.
1. Check Out Available Houses in Your Area
For those who want to learn about the housing market, it helps to assess how your residence stacks up against other available residences. If you check out available residences in your city or town, you can gain real estate market insights to help you price your house appropriately.
If you find your home pales in comparison to other houses in your area, there is no need to worry. Remember, you can always upgrade your residence prior to adding it to the real estate market. And as a result, you can perform home repairs to ensure your house will impress buyers as soon as it becomes available.
2. Determine If the Housing Market Favors Buyers or Sellers
Differentiating a buyer's market from a seller's market is crucial. If you study the local housing market, you can determine if the real estate sector favors buyers or sellers and plan accordingly.
In a buyer's market, there may be many quality houses available that remain available for weeks or months after they are listed. Or, in a seller's market, buyers may be motivated to purchase houses as quickly as possible.
Regardless of whether you are operating in a buyer's or seller's market, it is paramount to make your home an appealing option to buyers. If you enhance your house's curb appeal, you could boost the likelihood that your home will stand out from other available residences. Plus, if your home boasts amazing curb appeal, buyers may fall in love with your residence right away.
3. Find Out What Makes Your Home Unique
Once you study the local housing sector, you can find out what makes your house unique. Then, you can craft a home listing to showcase your residence's distinct features to potential buyers.
Of course, if you need assistance as you try to promote your residence to buyers, you may want to hire a real estate agent. Because if you have a real estate agent at your side, you can get the help you need to navigate the home selling journey like a pro.
A real estate agent will teach you about the housing market in your city or town and ensure you can showcase your residence to the right groups of buyers. Best of all, a real estate agent is happy to respond to your home selling questions and help you make informed decisions as you navigate the property selling journey.
Want to learn about the local housing sector? Thanks to the aforementioned tips, you can perform an in-depth review of the housing market in your city or town and obtain the home selling insights you need to succeed.
Want to sell your residence? As a home seller, you'll want to take a cautious approach to the real estate market. That way, you can improve your chances of getting the best price for your residence, regardless of the current housing market's conditions.
Ultimately, there are many reasons why home sellers should err on the side of caution as they prepare to add their houses to the real estate market, including:
1. The housing market constantly fluctuates.
For home sellers, it is important to differentiate between a seller's market and a buyer's market. By doing so, a home seller can assess the current housing market and proceed accordingly.
In a seller's market, there is usually a shortage of high-end houses and an abundance of interested homebuyers. This means home sellers who operate in a seller's market may be more likely to stir up plenty of interest in their houses as soon as these properties become available.
Conversely, a buyer's market typically favors homebuyers, as it features a limited number of homebuyers and a wide range of home sellers. If you're selling your home in a seller's market, you'll likely need to price it competitively to help your residence stand out from the competition.
Allocating the necessary time and resources to analyze the housing market is key. With housing market data in hand, a home seller can determine whether he or she is getting ready to list a house in a buyer's or seller's market.
2. What your home was worth yesterday is unlikely to match what it is worth today.
The price that a home seller initially paid for a residence is unlikely to match what the house is worth today. Thus, a home seller should perform a home appraisal to learn about the present value of his or her residence.
During a home appraisal, a property inspector will assess a house both inside and out. Then, the property inspector will identify any problem areas with a house that could negatively affect the residence's value.
A home appraisal is exceedingly valuable to home sellers. It enables them to understand a house's strengths and weaknesses as well as uncover ways to transform a home's weaknesses into strengths. As a result, a home seller can use a home appraisal as a learning opportunity and find innovative ways to enhance a residence before adding it to the real estate market.
3. Homebuyers are always on the lookout for bargains.
Although a home seller will do everything possible to learn about the housing market, there is always the danger that a homebuyer will submit a "lowball" offer on a house. Conversely, a home seller who errs on the side of caution will be able to differentiate between a legitimate offer and a lowball one time and time again.
Lastly, if you need extra help as you get ready to sell your house, don't hesitate to work with a local real estate agent.
Real estate agents are available in cities and towns nationwide. They can help you get your house ready for the real estate market and ensure you can reap the benefits of a quick, seamless home selling experience.
Become a cautious home seller, and you can move one step closer to maximizing the value of your house.