Eleanor Osborn's Blog
Selling a home usually requires various investments along the way. In fact, some of the most common house selling costs include:
1. Lawn Care
Maintaining a neat, tidy lawn is crucial, particularly for a seller who wants to stir up significant interest in his or her residence. As such, it generally is a good idea to account for lawn care costs as you put together a house selling budget.
Sometimes, home sellers hire professionals to mow the lawn, trim the hedges and conduct other lawn care tasks. If you decide to enlist lawn care professionals, you should explore all of the options at your disposal. That way, you can find a lawn care provider that offers a terrific mix of affordability and convenience.
You also can perform regular lawn care tasks on your own. This will allow you to eliminate the cost of a lawn care provider and ensure your lawn will impress potential buyers any time they see your residence.
2. Home Repairs
House repairs can be expensive, especially if an individual has failed to maintain his or her residence properly. If you dedicate time and energy to analyze your house, you can identify home problems and prioritize property repairs accordingly.
It may be helpful to conduct a house inspection before you list your residence. During a home inspection, a property expert will review your residence and identify any underlying issues. Then, you can use a home inspection report to determine how you can improve your residence.
Of course, you can limit home repair costs by completing property improvements on your own. On the other hand, if you want to hire a professional, there is no shortage of home improvement specialists available in cities and towns nationwide. And if you reach out to local home improvement specialists, you should be able to find one who can fulfill your requests.
If you relocate to a new house but still need to sell your prior residence, you will need to account for the latter home's water and electricity costs. Remember, a homebuyer likely will want to test a house's faucets and toilets to ensure running water is available before he or she purchases a house. At the same time, it may be tough to show a residence to buyers if no electricity is available.
As you get set to sell your residence, it may be beneficial to hire a real estate agent, too. A real estate agent is equipped to help a home seller streamline the property selling journey. Thus, if you want to learn about home selling expenses, a real estate agent is happy to teach you about them. Or, if you have questions about the home selling journey, a real estate agent can respond to them without delay.
Want to sell your residence? Consider the aforementioned home selling costs – you will be glad you did. Because if you develop a house selling budget, you can boost the likelihood of enjoying a successful property selling experience.
If you plan to sell your home, you should consider how you can stir up interest in your residence. Because if you know how to promote your house to buyers, there may be no shortage of home showing requests as soon as your residence becomes available.
Ultimately, it is important to give buyers lots of reasons to view your home. If you promote your residence to the right groups of buyers, you could reap the benefits of a quick, profitable house selling experience.
To better understand how to achieve the best-possible home selling results, let's take a look at three tips to help you showcase your residence to buyers.
1. Focus on Curb Appeal
Your home only gets one chance to make a positive first impression on buyers. Fortunately, if you allocate time and resources to improve your house's curb appeal, you may be able to differentiate your home from other available residences in your city or town. And as a result, you may receive lots of requests to view your home.
To enhance your house's curb appeal, you can mow the lawn, trim the hedges and perform other lawn care tasks. Don't forget to repair or replace any damaged home siding as well.
Remember, the better your home looks to buyers, the more likely it becomes that buyers will want to check out your house in-person. If you prioritize your home's curb appeal, you could make your house an attractive option to dozens of buyers.
2. Craft an Engaging Home Listing
A home listing often represents a great starting point for buyers to learn about your home. Thus, if you craft an engaging home listing, you may be able to transform your house into a must-see residence for buyers.
As you create a home listing, consider your house's features. Include relevant information about any distinct house features in your listing, and you may be able to help your home stand out from other available residences in your city or town.
Provide accurate information in your home listing, too. If you make it simple for buyers to use a listing to learn about your house, you can help these individuals determine if your residence matches their expectations.
3. Work with a Real Estate Agent
For those who want expert assistance as they promote a home to buyers, it generally is a good idea to hire a real estate agent. In fact, if you have a real estate agent at your side, you can seamlessly navigate the house selling journey.
A real estate agent understands how to generate interest in a house. He or she will help you promote your residence to the right groups of buyers. Plus, a real estate agent will set up home showings and open house events, ensuring you likely won't have to wait long before you receive an offer to purchase your residence.
Take advantage of the aforementioned tips, and you can make it easy for buyers to fall in love with your home.
Receiving a low offer on a home can be frustrating for a seller. But, you’re likely to see at least one or two offers on your property that are lower than you would like.
Right now, the housing market is filled with young professionals burdened with student loans, rising costs of living, and stagnating wages. So, it’s no wonder that they’re trying to save money anywhere they can.
In today’s post, we’re going to talk about what to do when you get a low offer so you can set yourself up for a sale that you’re happy with.
Don’t refuse outright
The first thing to know about low offers is that they can sometimes turn into something that both you and the buyer are happy with. Many successful home sales started at a number that the seller considered too low, but--through negotiation--was brought to a higher price and better deal overall.
Many sellers are uncomfortable with the idea of negotiation. Most people seldom negotiate prices unless they are buying a car, and even then would prefer to avoid the hassle.
For others, negotiation is a normal part of everyday life. Flatout refusing an offer, especially if you aren’t receiving many other higher offers, could be a missed opportunity.
Compare your asking price with similar homes nearby
Odds are that you and your agent have already done your research and found an asking price that is comparable in your neighborhood. But home prices fluctuate. To reassure yourself that your asking price is fair, take another look at homes up for sale that are around the same age and size of your home.
Take time to craft a counteroffer
Once you’ve had time to talk the offer over with your family and real estate agent (and maybe vented a bit), it’s time to come up with a counteroffer.
There are a few options for making a counteroffer that don’t involve significantly lowering the amount you stand to gain from the home sale. First, you could offer to relieve the buyer of some of the closing costs, such as paying for the inspection. Or, if you planned on leaving new appliances in the home, you could lower your asking price but take the appliances when you move.
Weigh your options
If the buyer still won’t raise their offer close to your asking price, it’s probably a good time to move on and rethink your sale strategy.
Take some time to consider the sale as a whole. If you aren’t receiving many other offers, it might be time to consider lowering to price or rethinking your marketing plan. You might consider repainting and taking new photos, or changing up your listing to highlight some other features of the house.
There is a science to selling your home at the best price and within the shortest period of time, but it's not always an exact science!
Although you can't control market conditions, seasonal fluctuations, or the condition of your neighbors' property, you are still in the driver's seat when it comes to pricing, curb appeal, and the interior condition of your home.
Assuming there's no legal snags or major "red flags" about the condition or appearance or your home, the selling price you set may make the difference between a fast sale and house that lingers on the market for months on end. Many house hunters and (all) real estate agents are quite savvy about property values and real estate prices. If the selling price of your home is based on emotional factors or the amount of money you need to get back in order to purchase your next house, then there's a good chance you'll be pricing yourself out of the market. That's where your real estate agent comes in. They will help you set a realistic asking price that will favorably position it to similar properties in your neighborhood and community.
While everyone wants to get the maximum return on their real estate investment, there's usually a limited amount of "wiggle room" between the appraised value of your home and the amount of money a potential buyer would be willing to pay for it. Since it may be difficult for you, as a homeowner, to be objective when determining a realistic price for your home, it's often beneficial to have a comparative market analysis done by a real estate agent or professional appraiser.
Another reason for consulting with professionals involves the need to be objective about home improvements. Some home sellers have a difficult time accepting the fact that their asking price can't always reflect the full cost of recent home improvements. Home additions, updates, and recent remodeling work can have a positive impact on your home's asking price, but it's usually not a dollar-for-dollar return on investment.
If you're preparing to put your house on the market in the near future, it pays to do a little online research, have your property professionally appraised, and/or work with a real estate agent who will do a comparative analysis of your home's value. Other things you can do to increase the likelihood of getting your home sold quickly include a thorough top-to-bottom cleaning, applying a fresh coat of paint where needed, and "staging" your home to appeal to the widest variety of potential buyers. While that might include making some major changes to your home's décor, its landscaping, or even furniture arrangement, the rewards of a speedy sale often justify the effort and short-term inconvenience of getting your home ready for the close scrutiny of house hunters, home inspectors, and buyers' agents!
Home sellers sometimes struggle to stir up interest in their residences. Fortunately, there are lots of things you can do to help your residence capture buyers' attention, such as:
1. Craft an Engaging Home Listing
A home listing should engage and inform buyers. Otherwise, an ineffective listing may make it tough for a seller to effectively promote his or her residence to the right groups of buyers.
To craft an effective home listing, it is important to consider the buyer's perspective. Think about why you purchased your home in the first place, and you may be able to identify unique property features that you can highlight in your listing.
Also, ensure your home listing is clear, concise and easy to understand. You may want to incorporate high-resolution images of your home into your listing as well.
2. Boost Your Home's Curb Appeal
As a home seller, it is crucial to upgrade your house's curb appeal. Because if your home makes a positive first impression on buyers, you could speed up the property selling journey.
To bolster your house's curb appeal, you should mow the lawn, trim the hedges and perform other lawn care tasks. You may want to repair or replace any cracked or damaged home siding, too.
For those who want extra help with home exterior upgrades, you can always hire local contractors. In fact, these professionals will streamline the process of upgrading your house's curb appeal.
3. Eliminate Clutter
If your home is loaded with a wide array of personal belongings, you may want to remove these items. That way, you can help buyers envision what life may be like if they purchase your house. You also can show off the full size of your residence during open house events and home showings.
Cutting down on clutter can be simple. If there are items you no longer need, you can donate them to a local charity, sell them at a yard sale or online or give them to family members or friends. Conversely, if there are items that are broken or damaged, you can safely dispose of them.
As you get set to promote your residence to buyers, it often helps to have an expert real estate agent at your disposal. A real estate agent understands the ins and outs of the property selling journey. Therefore, he or she can help you achieve your desired home selling results as quickly as possible.
If you are committed to getting the best price for your residence, for example, a real estate agent will help you do just that. Or, if you are unsure about how to price your home, a real estate agent is happy to provide pricing recommendations. Perhaps best of all, if you ever have questions during the home selling journey, a real estate agent can respond to them.
Want to generate interest in your home? Use the aforementioned tips, and you can boost the likelihood that your house will capture buyers' attention.