Our Real Estate Blog
Understanding how much your home is worth is important for a number of reasons. For one, when you go to sell your home, you’ll have an idea of how much equity that you’re working with. You may need to either refinance your home, take out a loan, or line of credit. Knowing the current market value of your home can give you a good idea of your finances and what to expect. Many people believe that their home is worth more than it actually is. In reality, your home is only worth what people will actually pay for the property in a certain time frame.
Some websites offer basic ideas of how much your home is worth. You can also use the Internet to search for comparable properties and see what has been sold, how much it has been sold for, and how much other homes that are similar to yours in the neighborhood are worth. You’ll need to be sure that the comparing properties include the same types of features as your own home in order to get a good estimate.
Consult A Realtor
Experienced realtors in your area are great resources for helping you to determine your property’s value. Many agencies offer free market value analyses, which can help you to see where your home would fall in the current real estate market. Realtors don’t get paid unless your home sells. They can use their many resources to work with you on the sale of your home and help you to price it appropriately.
Hire An Appraiser
If you want to dig a bit deeper in the pricing of your home, you’ll need to shell out a bit of cash. You could hire a certified appraiser who will dig deep into your property to determine the value. Once you find a buyer, another appraisal will happen on the property. The buyer pays for this. If you really want a good idea of how much your home is worth, hiring an appraiser beforehand is key. Keep in mind that appraisers may come up with slightly different estimates for the same home.
Know The Key Things That Affect Home Value
There are a few big factors that influence just how much your property is worth. While you may love your big kitchen, it goes a lot further than that. Factors that contribute to how much your property is worth include:
- The amount of land that you have
- The neighborhood your home is in
- The schools your home is near
- How many square feet your property is
- The condition of your home
- Any updates that have been made to the home
- The types of appliances you have
- Has the home ever been foreclosed on?
- Is your home energy efficient?
Based on all of this information, you’ll be able to get a good idea of what your home is worth. Beware of things that can cause a major financial setback on your home’s value like an urgent need for roof replacement, dated windows, or an unknown crack in the foundation. Getting an idea of what your home is worth is a great way to keep on top of your own assets whether you’re prepared to sell or just curious about numbers.
Believe it or not, home sellers may encounter many expenses after they list their residences. These costs include:
1. Home Cleaning and Maintenance Costs
Before you start showing your residence to prospective buyers, it often is beneficial to clean your house. As such, you may need to purchase assorted cleaning supplies. Or, you can always hire a professional home cleaning company to help you enhance your house's overall appearance.
Don't forget about home maintenance expenses too. Remember, you'll want to do everything possible to improve your house's curb appeal to ensure your residence stands out to potential buyers. And if you budget for the costs associated with fixing damaged home siding or performing lawn care tasks, you may be better equipped than ever before to find cost-effective ways to bolster your home's curb appeal.
2. Home Repair Costs
After you accept a buyer's offer to purchase your home, the buyer likely will request a property inspection. And if an inspection reveals myriad home repairs are necessary, you may be required to spend money to complete these repairs. Otherwise, you could put your home sale in jeopardy.
Oftentimes, it is helpful to conduct a property inspection before you list your residence. This will enable you to assess your home with a professional inspector and identify any problems. Then, you can perform home repairs prior to listing your residence and reduce the risk of possible home selling delays down the line.
3. Moving Costs
Once you sell your home, you will need to relocate your belongings from your current address to a new location. Thus, you should consider the costs associated with moving boxes and packing supplies and budget accordingly.
Furthermore, you may want to hire a professional moving company to help you transport your belongings from Point A to Point B. If you review the prices of local moving companies, you can find an affordable option that matches your budget.
There are many costs that you may encounter as you proceed along the home selling journey. But if you work with a real estate agent, you can receive comprehensive property selling support. And as a result, you may be able to cut down on potential costs throughout the home selling cycle.
A real estate agent is committed to doing everything possible to help a seller achieve the best-possible results. Therefore, a real estate agent will learn about your home selling goals and create a personalized property selling strategy for you.
Plus, a real estate agent is happy to respond to any home selling concerns or questions. This housing market professional will go the extra mile to guarantee you can enjoy a seamless property selling experience. With assistance from a real estate agent, you can handle any potential problems that may arise during the house selling journey.
For home sellers, it usually is a good idea to budget for potential property selling expenses. If you put together a budget, you could boost the likelihood of enjoying a fast, profitable property selling experience.
Do you know how to get your house ready for the real estate market? If not, you may miss out on opportunities to showcase your home to the right buyers. Perhaps even worse, you may struggle to maximize your home sale earnings.
When it comes to selling your house, it usually helps to plan ahead. Fortunately, we're here to help you do just that.
Now, let's take a look at three tips to help you get your house ready to sell.
1. Clean As Much As Possible
Let's face it – a messy kitchen, bathroom or bedroom is an eyesore. And if you fail to clean your house prior to listing it, you risk alienating buyers time and time again.
Cleaning is a necessity for home sellers, regardless of a house's age or condition. If you allocate time and resources to ensure each room in your home looks pristine, you can increase the likelihood that your residence will make a positive first impression on buyers.
Mopping the floors, wiping down walls and taking a room-by-room approach to home cleaning generally is recommended. In addition, if you need extra assistance, you can always hire a professional home cleaning company.
2. Perform Home Exterior Maintenance
Although you may spend a lot of time cleaning your house's interior, you shouldn't forget about your home's exterior as well.
Ultimately, how your home's exterior looks may dictate how quickly your residence sells. If your house boasts a beautiful front lawn and immaculate exterior, a buyer may fall in love with your home instantly. Conversely, if your home's front lawn is uncut and your house's siding is damaged, your residence is unlikely to impress potential buyers.
When it comes to home exterior maintenance, it helps to do as much as you can. Trim the front lawn, repair damaged home siding and perform assorted home exterior maintenance. By doing so, you can immediately bolster your house's curb appeal.
3. Remove Clutter
Over the years, you may have collected a lot of items. But these items may make your house appear smaller than it actually is – something that all home sellers should try to avoid.
If you have a large collection of clutter, you may want to consider selling or donating various items. Or, you can always rent a storage unit for assorted belongings and move these items to your new residence after your current house sells.
Clearly, there are many ways to prepare your house for the real estate market. If you want to ensure the best-possible results from the home selling journey, you may want to reach out to a real estate agent too. This housing market professional can guide you along the home selling journey and ensure you can get the support you need to achieve your desired goals.
Start getting your house ready to sell – use the aforementioned tips, and you can quickly and effortlessly enhance your residence before you list it.
For those who want to enjoy a successful home selling experience, identifying your target buyer is key. Because if you understand why buyers may choose your residence over other available houses, you can promote your home to the right groups of buyers. And as a result, you may be better equipped than ever before to streamline the house selling journey.
Now, let's take a look at three tips to help you identify your target buyer so you can promote your house effectively and speed up the home selling process.
1. Consider the Buyer's Perspective
Think about why a buyer should choose your residence. Then, you can find ways to promote your house's features to the right groups of buyers.
Ultimately, a home listing can make a world of difference, particularly for those who want to engage and inform prospective buyers about a residence. If you analyze the buyer's perspective, you can craft your house listing accordingly.
For example, if your residence is located just minutes from top beaches, you may want to include this information in your home listing. On the other hand, if your home offers multiple bedrooms, you may want to include high-resolution photographs of these bedrooms in your listing to show off the size and beauty of your house.
2. Conduct an Inspection
A home inspection generally is completed after a seller accepts a buyer's offer to purchase his or her house. But when it comes to identifying your target buyer, you may want to conduct an inspection prior to listing your residence.
During a home inspection, a property expert will examine your residence and offer insights into any underlying issues. You then can prioritize home upgrades, and as such, make your home more appealing to potential buyers.
With a home inspection, you may be able to gain insights into your residence that could be difficult to obtain elsewhere. Thus, if you perform an inspection, you can find ways to improve your residence so you can make your house an attractive option to dozens of prospective buyers.
3. Consult with a Real Estate Agent
If you are unsure about how to target buyers, you may want to collaborate with a real estate agent. In fact, if you have a real estate agent at your side, you can receive expert home selling advice any time you need it.
A real estate agent understands the challenges commonly associated with selling a house and can help you address such issues. First, he or she will develop a personalized home selling strategy and help you showcase your residence to the right groups of buyers. He or she next will host home showings and open house events. And if you receive an offer to purchase your home, a real estate agent can recommend whether to accept, reject or counter this proposal.
Devote time and resources to learn about your target buyer – you will be glad you did. If you use the aforementioned tips, you can identify your target buyer and map out a successful house selling journey.
When we’re trying to find a new home and planning for the changes that will come with moving, it can seem daunting to also have to think about how you’re going to sell your old home.
Everyone has their own unique situation that they’ll have to account for when selling. Some people choose to buy a new home and move in before selling their old home. For others, this isn’t always possible and they have to rent or stay with family while they wait to close on their new house.
Regardless of your circumstances, there are a few things you can do to make the process of selling your home easier. In today’s post, we’ll teach you how to do just that.
1. Make a timeline
Undoubtedly, you’re going to have a lot going on in your life when selling your home. To keep yourself on track, work with your real estate agent to establish a timeline for accomplishing everything you need to do.
This will help you avoid feeling rushed when it comes to completing the tasks on your list. Whether that includes cleaning, packing, preparing documents, or popping the champagne bottle after your sale, it always pays to have a schedule.
To make this process even easier, be sure that you and your spouse/family are working on the same schedule so that everyone is on the same page.
2. Pack and store
When you’re showing your home to potential buyers, you don’t want it to be cluttered with your personal belongings. Furthermore, all of those belongings will soon have to be packed and transported anyway.
To save yourself time and to increase the appeal of your home while it’s on the market, pack up your items by room and store them until you’re ready to move.
You can do this by renting a storage unit or just packing things neatly in your basement until you can move.
3. Make minor repairs now
Before ever putting your home on the market, it’s a good idea to do a thorough walkthrough of the home to check for small issues that you either haven’t noticed or have been putting off.
When a potential buyer visits your home, you can be sure that they’ll be looking for signs that the how was well-maintained. This is your chance to prove that you’ve been staying on top of things around the house.
Making these repairs in advance if selling your home will relieve some of the workload and stress you’ll be feeling once you get closer to selling.
4. Be available
This last step can be the hardest, especially if you and your spouse work full-time and have children with obligations like sports.
Your real estate agent will do most of the work for you when it comes to showing and preparing the home. However, it’s vital that you’re available to respond quickly at key times. This means answering any questions your agent has for you, gathering paperwork when it’s needed, and discussing offers when they’re made.
If you can pull of these four steps, you’ll be in good shape to sell your home quickly, ensuring a smooth sale and transition for you and your family.