Sue Revis' Blog
Although a home seller wants to enjoy a quick, seamless home selling experience, problems sometimes can arise along the way. And if a home seller is not careful, these issues may cause him or her to encounter one of the dreaded home selling worst-case scenarios.
Ultimately, there are many home selling worst-case scenarios that a seller should try to avoid at all costs, and these scenarios include:
1. A home is priced too high.
A home seller should establish a competitive price for his or her residence from the get-go. Because failure to do so could force a residence to linger on the housing market for weeks, months or years.
To determine a competitive price, it helps to conduct plenty of real estate market research. Looking at the prices of recently sold houses in your city or town can help you determine whether you're preparing to enter a buyer's or seller's market. Also, examining the prices of comparable houses in your area can help you narrow your price range.
Furthermore, a property appraisal is a viable option for all home sellers, at all times. During an appraisal, a home expert will assess your residence and provide a property valuation. Then, you can use the property valuation to price your home accordingly.
2. A homebuyer requests a price reduction or major repairs after an inspection.
A home inspection generally takes place a few days after a seller accepts a buyer's offer on a residence. If this inspection reveals a wide array of home problems, it could jeopardize a potential sale.
It often helps to complete a home inspection before listing a residence. This inspection allows a seller to identify any home problems and resolve these issues immediately.
In addition, a home seller should understand his or her options after an inspection that reveals myriad home problems.
If a buyer requests a price reduction or home repairs after an inspection, a seller can agree to the buyer's terms or counter a buyer's proposal. Or, if a seller feels a buyer is being unreasonable, he or she can walk away from a home sale and relist his or her residence.
3. A home seller hires a real estate agent who lacks comprehensive industry experience.
If a seller hires a real estate agent who lacks comprehensive industry experience, he or she risks a long, arduous home selling experience.
There is no need to hire an inexperienced real estate agent. In fact, dozens of top-notch real estate agents are available nationwide, and these housing market professionals can help you achieve your home selling goals in no time at all.
The ideal real estate agent will know the ins and outs of the housing market. Plus, he or she will be able to guide you along each stage of the home selling journey and do whatever it takes to promote your residence to the right groups of buyers.
Enjoy a fast, profitable and worry-free home selling experience – consider the aforementioned home selling worst-case scenarios, and you can minimize risk throughout the home selling journey.
For home sellers who want to accomplish the optimal results, it is important to remain open to negotiations with buyers. There are many reasons why home sellers should negotiate with buyers, and these include:
1. You can accelerate the house selling journey.
If your mission is to sell your house as quickly as possible, you should be open to negotiating with a buyer. Because if you can negotiate a home purchase agreement, you can move one step closer to concluding the house selling journey.
As you enter a negotiation with a homebuyer, it is important to keep your house selling goals in mind. At the same time, you should be willing to adjust your goals as needed. If you maintain flexibility throughout a negotiation with a homebuyer, you may be better equipped than ever before to enjoy a fast, profitable house selling experience.
2. You can reach an agreement that works well for both a seller and buyer.
If you find a buyer's initial offer to purchase your house falls short of your expectations, you can open up negotiations with this individual. Then, you and a buyer can work together to come to terms on a home sale agreement that suits both parties.
Of course, a negotiation with a buyer does not guarantee instant success. If you and a buyer cannot reach a home sale agreement, there is no need to worry. Even if negotiations with a buyer fail, you can wait for another offer to purchase your home that falls in line with your expectations.
3. You can get the best price for your house.
As a home seller, it is important to do everything you can to optimize your house sale earnings. If you negotiate with a buyer, you can increase the likelihood of getting the best price for your house.
Furthermore, home sellers should keep in mind that they have options during a negotiation with a buyer. If you are not satisfied with the progress of a negotiation, you can walk away from the negotiating table.
When it comes to negotiating a home sale, you may want to hire a real estate agent, too. A real estate agent understands the ins and outs of home sale negotiations and will do whatever it takes to help you achieve the best-possible results.
Typically, a real estate agent can handle a negotiation with a buyer on your behalf. This housing market professional will continue to provide status updates throughout a negotiation and do what it takes to streamline the house selling cycle. Plus, if you ever have concerns or questions during a home sale negotiation, a real estate agent can instantly respond to them.
Don't stress about negotiating the sale price of your home. If you are open to negotiating your house's sale price with a buyer, you may be able to speed up the home selling journey. Best of all, you could maximize the profit from your home sale.
If you want to help your house stand out to prospective buyers, it may be beneficial to give your residence an exterior makeover. Because if your home boasts outstanding curb appeal, your residence could stir up lots of interest from potential buyers as soon as it becomes available.
Now, let's take a look at three tips to help you give your residence an exterior makeover.
1. Eliminate Clutter
Lawn gnomes, plastic flamingoes and other home exterior decorations are unlikely to help you sell your residence. In fact, these lawn decorations may prove to be major turn-offs to buyers. However, if you remove home exterior decorations and assorted clutter from outside your home, you could make your residence more attractive than ever before.
Remember, your home only gets one chance to make a positive first impression on a buyer. If you eliminate clutter from outside your house, you can help your house make a great first impression on buyers. And as a result, many buyers could be drawn to your residence when they see it for the first time.
2. Take Care of Your Lawn
Tall grass, weeds and other lawn problems may make it tough for a buyer to fall in love with your house. Fortunately, if you take care of your lawn, you may be able to differentiate your residence from comparable houses in your city or town.
Spend some time mowing the lawn, trimming hedges and removing debris from walkways outside your home. Of course, if you want expert lawn care help, you can always hire a professional landscaping company too.
3. Consider the Buyer's Perspective
How buyers perceive your residence likely will have far-flung effects on your home selling experience. For example, if your home has a pristine lawn and beautiful siding, a buyer may be drawn to your residence. On the other hand, if your home has a messy lawn and damaged siding, a buyer may shy away from your house.
Think about how a buyer may perceive your residence when he or she sees it for the first time. Then, you can prioritize home exterior upgrades and improve your residence's exterior accordingly.
As you prepare to list your residence, you may want to employ a real estate agent as well. This housing market professional will work with you to develop an effective home selling strategy.
Usually, a real estate agent will learn about you and your home selling goals. He or she next will provide recommendations and suggestions so you can upgrade your residence before you list it. Finally, after you list your home, a real estate agent will promote your residence to prospective buyers. And if you receive an offer to purchase your home, a real estate agent will help you make an informed decision about this property buying proposal.
For home sellers, it often is beneficial to upgrade a residence's exterior. If you start home exterior improvement projects today, you can take the first steps to enhance your house and maximize your property sale earnings.
If you intend to list your house, it may be beneficial to perform home upgrades. That way, you can enhance your residence and increase the likelihood of generating plenty of interest in your house as soon as it becomes available.
Oftentimes, a home's roof will deteriorate over time. And if a home seller is not careful, he or she may be forced to repair or replace a house's roof prior to listing a residence. Because failure to update this home's roof may force a home seller to miss out on opportunities to maximize his or her home sale earnings.
For those who need help upgrading a home's roof, there is no need to worry. Many roofing contractors are available in cities and towns nationwide, and these professionals can help you update a home's roof in no time at all.
Differentiating a top-notch roofing contractor from an ordinary roofing contractor, however, sometimes can be difficult. Lucky for you, we're here to help you streamline the process of hiring the best-available roofing contractor in your city or town to update your house's roof.
Now, let's take a look at three tips to help you select the ideal roofing contractor.
1. Get Multiple Quotes
There is no shortage of roofing contractors at your disposal. Thus, you should receive quotes from multiple roofing contractors in your area.
Reach out to a variety of local roofing contractors – you'll be glad you did. In most instance, roofing contractors will offer free roof evaluations and estimates. Then, you can use the information provided by various roofing contractors to help you make an informed decision.
2. Ask Plenty of Questions
When it comes to selecting a roofing contractor, there is no such thing as a "bad" question. Therefore, you should ask a roofing contractor lots of questions to ensure you can make the best-possible choice.
Remember, roof repairs or updates may prove to be costly. But if you ask a roofing contractor for full details about a roof project, this professional can provide you with the insights you need to maximize the value of your investment.
3. Request Client Referrals
Generally, a roofing contractor can provide client referrals at a moment's notice. These referrals may prove to be exceedingly valuable, as they can help you understand what it's like to work with a roofing contractor before you make your final decision.
If you need extra help finding the right roofing contractor, you may want to reach out to a real estate agent as well. This housing market professional can put you in touch with the top roofing contractors in your city or town, ensuring you can get the home improvement support that you need.
Of course, a real estate agent can provide you with expert guidance throughout the home selling journey too. He or she can help you list your residence, promote it to the right groups of buyers and ensure you can enjoy a quick, profitable home selling experience.
Take the necessary steps to upgrade your home's roof – use the aforementioned tips, and you can hire a terrific roofing contractor before you add your residence to the housing market.
As a home seller, you likely want to set a "fair" initial asking price for your residence. Because if you fail to do so, you risk pricing your home outside of your target buyer's price range. Perhaps even worse, you risk pricing your house too low – something that may cause you to miss out on the opportunity to maximize your home sale earnings.
Ultimately, there are lots of things that you can do to ensure you establish a fair initial asking price for your residence, and these include:
1. Study the Local Housing Market
For home sellers, it is important to perform plenty of research before you list your residence. If you assess the local housing market closely, you can obtain insights that you can use to set a fair initial asking price for your home.
Evaluate the prices of available houses in your city or town that are similar to your own. This will help you determine the price range for comparable houses in your area.
Also, find out how long some of the recently sold houses in your city or town were available before buyers purchased them. This can help you differentiate a buyer's market from a seller's market so you can price your house appropriately.
2. Conduct a Home Appraisal
A home appraisal delivers immense value, as it enables you to receive a property valuation. Once you have a property valuation in hand, you may be better equipped than ever before to determine how to price your house.
In addition to a home appraisal, you may want to conduct a house inspection as well. During a house inspection, a property expert will review your home and identify any underlying issues. You then can use a house inspection report to prioritize home repairs and upgrade your residence before you add it to the local real estate market.
3. Work with a Real Estate Agent
As you search for ways to get the best price for your home, you may want to hire a real estate agent. In fact, if you have a real estate agent at your side, you can receive comprehensive support throughout the house selling journey.
A real estate agent will learn about your home and help you determine exactly how to price it. Next, he or she will promote your residence to buyers. And if a buyer submits an offer to purchase your residence, a real estate agent will help you decide whether to accept, reject or counter this proposal.
Furthermore, a real estate agent is a home selling expert who is happy to share his or her housing market insights with you. If you ever have concerns or questions as you navigate the house selling journey, a real estate agent can address them.
Setting the right price for your home sometimes can be difficult. Thanks to the aforementioned tips, you can establish a fair initial asking price for your residence. As a result, you may be able speed up the home selling journey and optimize your house sale earnings.