Maribeth Marzeotti's Blog
As a home seller, it is important to do everything possible to generate interest in your residence. That way, it won't take long to start receiving offers to purchase after you list your home.
There are many signs that homebuyers may soon submit offers to purchase your residence, and these signs include:
1. Buyers are setting up home showings.
Even a single home showing is a positive sign for a home seller. And if you find that buyers are submitting regular requests to view your residence, it may be only a matter of time before you receive many offers to purchase your house.
Typically, it helps to be flexible when you sell your house. If you make it simple for buyers to view your house at their convenience, you may increase the likelihood that the right buyer will check out your home and submit an offer to buy it.
2. The same buyers have viewed your house multiple times.
An interested homebuyer may request to view your house more than once. In this instance, you may receive an offer to purchase from this buyer sooner rather than later.
As always, it pays to accommodate as many home showing requests as possible. If you make it easy for a buyer to view your residence multiple times, you can help him or her make an informed decision about whether to submit an offer to purchase your home.
3. Buyers have lots of questions about your house.
A home showing gives property buyers an opportunity to check out your house in-person. It also may lead these buyers to reach out to you for additional information about your home.
Remember, you should be ready to provide homebuyers with as much information as you can about your residence. If you offer homebuyers the information they request, you can help them determine whether your house is the right choice based on their individual needs.
For home sellers who want to go above and beyond the call of duty to stir up interest in a house, it may be beneficial to hire a real estate agent. In fact, a real estate agent will help a seller navigate the property selling journey and achieve the optimal results.
First, a real estate agent will meet with a house seller and set the stage for a successful property selling experience. He or she will offer insights into the local housing market and help a seller establish a competitive price for a residence. Then, a real estate agent will schedule house showings and open house events. And if a seller receives an offer to purchase, a real estate agent can recommend whether this individual should accept, decline or counter the proposal.
Want to streamline the house selling journey? Work with a real estate agent – you'll be happy you did. If you employ a real estate agent, you can get the help you need to showcase your residence to potential buyers and maximize your house sale earnings.
All home sellers understand that there are some costs to selling a home, but not everyone realizes what they're expected to pay for (and how much the total will be). We'll look at the most common expenses and how they might affect your budget.
Real Estate Agent Fees
This is probably the first thing that comes to mind if you're selling a home. The standard rule is anywhere between 5 to 6% of the final sale price. Not all sellers will shoulder this cost, but the majority will. So if your home sells for $300,000, you should expect to hand over at least $15,000 to be split between the buyer and seller real estate agents. Please note that commissions can be negotiable, especially if you're selling in a popular neighborhood.
While none of these costs are strictly necessary, they can help you get your home ready:
- Repairs: If you're not planning to sell the house as-is, it's a good idea to spruce up the interior and exterior of the property. Even if you're only buying a few cans of paint and a roller, the costs can add up quickly.
- Home inspection: Buyers will typically do their own home inspection, but sellers who go above and beyond can give themselves an edge in a competitive market. If you're going out of your way to buy a home inspection, it can show you have nothing to hide. These inspections cost a few hundred dollars and may reveal structural problems that you were unaware of.
- Staging: Arranging your furniture to show off the best of the home can really inspire buyers to view its potential. Whether you dress up your home with cozy touches (e.g., cashmere throws, small bouquets, etc.) or more modern decorations, it can help attract the perfect buyer.
If you're moving out before you sell the house, you'll need to continue paying the utilities. You'll also need to check with your lender as to exactly how much you owe when you pay off the loan. Some lenders will charge prepayment fees upon early termination. You may also be asked to either pay or split the closing costs, especially if you're selling in a buyer's market. This can include anything from the title inspector fees to transfer costs. Finally, you may need to pay capital gains tax if your home skyrocketed in value or any lingering property taxes.
Some sellers end up paying closer to 10% of the total sale price of their home, a figure that can be difficult to swallow for many sellers. It's worth clarifying each cost so you always know what you're paying for.
Ready to embark on a new adventure? List your house, and you may reap the benefits of your decision for years to come.
Ultimately, there are many reasons why you should consider kicking off the home selling journey today, and these include:
1. You could profit from a home sale.
Diligent home sellers generally have no problem showcasing their properties to dozens of prospective buyers and generating significant profits. If you know how to effectively promote your residence to property buyers, you could enjoy substantial profits from your home sale.
Oftentimes, it helps to bolster a house's curb appeal prior to adding a residence to the real estate market. A home only gets one chance to make a positive first impression on buyers. And if your residence boasts a dazzling front lawn, pristine siding and other stunning exterior features, it may be better equipped than other properties to stir up interest from buyers.
You may want to get your house appraised too. This ensures you can get a property valuation from a home appraiser and establish a competitive initial asking price for your residence.
2. You can upgrade or downsize.
Although your present home may have suited you perfectly when you initially bought it, now may be a good time for a change. Fortunately, you can upgrade or downsize as needed if you sell your home.
Think about your current living situation and future plans. Then, you can simultaneously list your residence and search for a new house that matches your criteria. And once you finalize your home sale, you can seamlessly relocate to a new address.
3. You can live closer to family members and friends.
If you enjoy spending time with family members and friends, you may want to find a house that is close to these loved ones. Meanwhile, if you currently are forced to deal with a long commute to visit loved ones, listing your house may help you take the first step to live near family members and friends.
When it comes to finding a house near loved ones, it may be beneficial to hire a real estate agent as well. A real estate agent can help you list your current residence and search for a new home close to family members and friends. That way, you can get the support you need to accomplish your desired goals.
During the home selling process, a real estate agent will showcase your residence to potential buyers and negotiate with a buyer's agent on your behalf. He or she also will respond to any concerns or questions that you may have throughout the house selling journey.
Furthermore, if you need to find a new home once you sell your current residence, a real estate agent is happy to assist you. This housing market professional can keep you up to date about available properties in your preferred cities and towns and help you find your dream residence.
Hire a real estate agent today, and you can receive expert guidance any time you want to sell or buy a house.
Selling a house may prove to be a long, complex and stressful process. Fortunately, there are lots of things you can do to increase your chances of enjoying a seamless house selling experience, such as:
1. Craft an Engaging Home Listing
A home listing allows you to make a positive first impression on prospective buyers. Thus, you should spend some time crafting a house listing that will hit the mark with buyers.
There is no need to stretch the truth in your home listing. Instead, provide clear, concise and relevant details about your home. This ensures a buyer can make an informed decision about whether to pursue your residence.
Also, it often helps to include high-resolution photographs of your home in your listing. These images can help a buyer envision what life may be like if he or she purchases your house.
2. Upgrade Your Home's Interior and Exterior
If your home is filled with assorted knick-knacks, antiques, and photographs, you should remove these items for the time being. By doing so, you can minimize the risk that clutter will negatively affect a buyer's perception of your house when he or she sees it in person.
Don't forget to enhance your home's curb appeal, too. If you mow the lawn, trim the hedges and perform other lawn care tasks, you will help buyers fall in love with your house. Also, be sure to repair any damaged windows or siding to further boost your house's curb appeal.
3. Establish a Competitive Initial Asking Price for Your Home
The housing market is competitive, and failing to price your home aggressively from the get-go may make it tough to enjoy a seamless property selling experience. If you learn about your home and the local housing sector, you can establish a competitive initial asking price for your listing.
Oftentimes, it helps to conduct a home appraisal. This allows you to receive a home valuation from a property expert.
You also may want to assess the local housing sector. Review the prices of available homes in your area that are similar to your residence. Then, you can use this housing market data to help you determine the optimal initial asking price for your home.
For sellers who want to streamline the home selling journey, you will want to employ a real estate agent. If you have a real estate agent at your side, you can receive comprehensive assistance at each stage of the process.
A real estate agent is committed to your success, and he or she will work with you to help you achieve the best possible results. This housing market professional will learn about your home selling goals and help you plan accordingly. In addition, a real estate agent is happy to respond to your home selling concerns and questions at any time.
Want to enjoy a seamless home selling journey? Use these tips, and you could reap the benefits of a fast, profitable house selling experience.
Believe it or not, today may be the perfect day to kick off the home selling journey. If you list your residence, you may find dozens of potential buyers want to acquire your home. As a result, you could earn a significant profit from your house sale.
For those who are debating whether to embark on the house selling journey, there is no need to stress. In fact, there are several things you can do to evaluate your options and determine if now is the best time to list your home. These include:
1. Conduct a Home Inspection and Appraisal
A home inspection allows you to understand the current condition of your house. During an inspection, a property expert will examine your residence both inside and out. Then, he or she will provide you with an inspection report that outlines any underlying home issues.
Meanwhile, a home appraisal allows you to receive a valuation for your residence based on its current condition and the present state of the housing market. Once you have a property valuation, you may be better equipped than ever before to determine how to approach the home selling cycle.
2. Analyze the Local Housing Market
The local housing market may favor buyers or sellers. If you assess the local housing sector, you can differentiate a buyer's market from a seller's market and plan accordingly.
In a buyer's market, there usually is an abundance of available homes and a shortage of buyers. Thus, if you decide to list your house in a buyer's market, you'll want to do everything possible to differentiate it from the competition.
On the other hand, a seller's market generally features a shortage of quality houses and an abundance of buyers. If you list your residence in a seller's market, you may receive lots of interest in your house as soon as it becomes available.
To distinguish a buyer's market from a seller's market, analyze the prices of recently sold houses in your city or town and find out how long these residences were available before they sold. If homes often are selling at or above their initial asking prices and stay available for just days, a seller's market may be in place. Or, if homes sell at prices below their initial listing prices or linger on the real estate market for many weeks or months, the current housing market likely favors buyers.
3. Get in Touch with a Real Estate Agent
A real estate agent can help you evaluate your home and determine if now is a good time to list your residence. He or she is happy to provide insights into the housing market and ensure you can make an informed home selling decision. Also, if you have any concerns or questions about selling your residence, a real estate agent is ready to respond to them.
Allocate time and resources to decide whether to list your home today. And if you ultimately decide to add your residence to the housing market, you may want to hire a real estate agent too.