Kathy Craig's Blog
What happens if you receive an offer on your home that fails to meet your expectations? Ultimately, you may want to decline the offer. But before you do, there are several questions you'll want to consider, including:
1. Is the offer "fair"?
Let's face it – one home seller's definition of a "fair" offer may differ from another's. However, an informed home seller will be able to differentiate a "lowball" offer from a strong proposal.
A lowball offer typically fails to account for a home's condition and the current state of the housing market. As such, this proposal may fall far below a home seller's initial asking price.
On the other hand, a strong proposal may meet or surpass a home seller's initial asking price. This offer likely accounts for a home's strengths and weaknesses, along with the needs of a both the homebuyer and home seller.
2. Are there any other offers on the table?
If you receive an offer on your home, you'll probably have one to two days to decide how to proceed. And if you have multiple offers in hand, you likely have a lot to think about in a short period of time.
In some cases, the best offer is not necessarily the highest offer, and for good reason.
For instance, a homebuyer may submit an offer on a home that exceeds a home seller's initial asking price. But if this homebuyer has not been pre-approved for a mortgage, he or she likely will need to obtain financing to proceed with a home purchase.
Conversely, a homebuyer who has been pre-approved for a mortgage knows exactly how much money is at his or her disposal. When this homebuyer submits an offer, he or she may be better equipped than other homebuyers to acquire a residence.
3. Can I afford to be patient?
Consider your timeline as you debate whether to decline an offer.
If you're in no rush to sell your home, you can afford to be patient with offers on your house. Or, if you want to relocate to a new address as soon as possible, you should price your home aggressively from the get-go.
4. If I decline an offer, what will happen next?
After you decline an offer on your home, the homebuyer has the option to submit a new proposal or move on to other houses.
As a home seller, it is important to take an informed approach to home offers. With a real estate agent at your side, you should have no trouble making the best decisions on any proposals.
A real estate agent understands the ins and outs of the housing market and can help you evaluate all offers on your residence. He or she can provide you with honest, unbiased real estate recommendations and ensure you can get the best results during the home selling journey.
Collaborate with a real estate agent – you'll be glad you did. A real estate agent will enable you to evaluate home proposals and maximize the value of your house.
A home selling budget can make a world of difference, particularly for individuals who want to avoid potential problems during the property selling journey. Yet crafting a home selling budget may be difficult. Thankfully, there are lots of things you can do to simplify the process of creating a home selling budget that matches your finances.
Now, let's take a look at three tips to help you create an effective home selling budget.
1. Analyze Your Home's Condition
The condition of your home can have far-flung effects on the home selling journey. If your house requires a wide range of repairs and upgrades, you will need to budget accordingly. Otherwise, assorted home problems may go unaddressed and could make it tough for you to maximize your house sale earnings.
Consider the buyer's perspective as you assess your house. That way, you can identify minor and major home issues and include various property repairs and upgrades in your house selling budget.
It may be beneficial to hire a home inspector too. If you have a property inspector assess your house, you can receive expert insights into myriad home improvements.
2. Determine If Professional Home Improvement Assistance Is Needed
If you find you need home improvement assistance, you should plan for the costs of hiring professionals. By doing so, you can avoid the risk of overspending to improve your house.
Reach out to dozens of home improvement professionals in your city or town. If you shop around for home improvement professionals, you can boost the likelihood of getting the best prices.
Don't forget to ask home improvement professionals for client referrals as well. If you get client referrals, you can gain firsthand insights into what it is like to work with a home improvement professional before you make your hiring decision.
3. Collaborate with a Real Estate Agent
A real estate agent can provide extensive support throughout the house selling journey. In fact, he or she may help you budget for all stages of the home selling journey and ensure that you won't have to break your budget to achieve your desired results.
Typically, a real estate agent will offer tips and recommendations to help you enhance your residence before you add it to the housing market. In many instances, a real estate agent can provide suggestions so you can upgrade your residence on your own. Or, if you require additional assistance, a real estate agent can put you in touch with the top home improvement professionals in your area.
A real estate agent also is happy to provide expert guidance as you navigate the home selling journey. This housing market professional can help you make informed decisions as you try to sell your home. As a result, a real estate agent can help you make your home selling goals come true.
Ready to sell your house? Take advantage of the aforementioned tips, and you can prepare a successful home selling budget.
If you plan to sell your house in the foreseeable future, it usually pays to clean out the garage. In fact, a home seller who declutters the garage today can show homebuyers the true size and beauty of this space, thereby increasing a house's overall appeal.
Ultimately, it won't take long for a home seller to declutter the garage – here are three tips to help you remove clutter from your garage before you list your residence.
1. Identify Excess Items
Old automotive parts, tools and other excess items can take up lots of space in your garage. However, a homeowner who dedicates the necessary time and resources to identify garage clutter can plan accordingly.
Separate must-keep garage items from excess items. Then, you can determine exactly how much space that you'll need to store the items that you want to keep.
For many homeowners, storage cabinets and shelving units make it easy to keep track of items in a garage. Or, if you need extra space to store garage items, you may want to consider renting a storage unit until you finalize your home sale.
2. Sell, Donate or Dispose of Excess Items
When it comes to excess garage items, there is no need to delay the inevitable. If you sell, donate or dispose of garage clutter, you can quickly eliminate excess items from your garage.
Selling your excess garage items online or hosting a yard sale may prove to be worthwhile. In both instances, you can generate interest in assorted garage items and earn extra cash at the same time.
In addition, you may be able to donate excess garage items to local charities. If you reach out to local charities and learn about their donation policies, you can find out which charities will accept your excess garage items and schedule donation pick-ups.
On the other hand, if you find garage items that are broken or damaged, dispose of these items. That way, you can free up space in your garage immediately.
3. Conduct In-Depth Garage Cleaning
After you remove garage clutter, it is important to spend some time cleaning your garage from top to bottom. This will enable you to transform an ordinary garage into a spectacular one.
If you need extra help with garage cleaning, don't hesitate to contact a professional home cleaning company. This business likely employs friendly, diligent cleaning experts who can help you accelerate the garage cleaning process.
Lastly, if you're searching for the best ways to improve your home before you list it, you may want to hire a real estate agent.
A real estate agent can offer honest, unbiased garage cleaning recommendations and suggestions. Plus, this housing market professional will set up home showings, keep you up to date about offers on your residence and ensure you can enjoy a fast, seamless home selling experience.
Want to sell your residence soon? Use the aforementioned tips, and you can bolster your garage's appearance in no time at all.
Adding your home to the real estate market may prove to be challenging, particularly for a property seller who fails to plan ahead. Lucky for you, we're here to eliminate the guesswork commonly associated with the home selling process.
Now, let's take a look at three tips to help you list your house and streamline the home selling journey.
1. Enhance Your House's Curb Appeal
How your home looks to prospective buyers can make a world of difference during the home selling journey. If you house fails to impress buyers right away, it may take many days, weeks or months for your house to sell. Conversely, if your home instantly dazzles buyers, you could boost the likelihood of a fast, profitable house sale.
Ultimately, you should allocate time and resources to bolster your house's curb appeal before you list your residence. Mow the lawn, trim the hedges and perform assorted home exterior maintenance and upgrades. And if you need assistance with home exterior projects, you can always reach out to local home improvement professionals for additional help.
2. Eliminate Clutter
Although you may have collected a massive assortment of antiques, decorations and knick-knacks over the years, these items may do more harm than good when you decide to sell your house. In fact, myriad personal belongings scattered throughout your house could make it difficult for homebuyers to envision what life may be like if they purchase your residence.
Prior to listing your house, you should remove as much clutter as possible. You don't necessarily need to dispose of excess items, but it may be a good idea to rent a storage unit so you can store these items until your residence sells. On the other hand, if you no longer need certain belongings, you can sell these items at a yard sale or online or donate them to a local charity.
3. Hire an Expert Real Estate Agent
If you are unsure about how to proceed along the home selling journey, you may want to hire an expert real estate agent. That way, you can receive plenty of support as you navigate the home selling journey.
A real estate agent understands what it takes to list a house in a buyer's or seller's market. He or she will learn about you and your home and develop a plan to ensure you can maximize the value of your residence. And if you ever have concerns or questions about the home selling cycle, a real estate agent can respond to them.
Let's not forget about the assistance that a real estate agent will provide after you accept an offer to purchase your house, either. A real estate agent will guide you through the home closing process. By doing so, he or she will help you avoid stress as you finalize your home sale.
Prepare to list your house – use the aforementioned tips, and you can add your home to the real estate market and move one step closer to selling your residence.
Your ultimate goal as a home seller is to make your residence as desirable as possible to potential buyers. If you transform your house into a must-buy, you could reap the benefits of a quick, profitable home selling experience.
To better understand how to enhance your residence before you list it, let's take a look at three tips to help you transform your home into a must-buy.
1. Upgrade Your House's Interior
Consider how buyers may perceive your residence as soon as they walk through your house's front door. Then, you can prioritize home interior upgrades.
By cleaning each room of your house, you can enhance your residence's interior. If you need help with home cleaning, you can always hire professionals to assist you, too.
Also, it may be beneficial to add a fresh coat of paint to the walls in your bedroom or other areas of your house. Because if you can make it easy for buyers to fall in love with your home's interior, you could speed up the property selling journey.
2. Perform Home Exterior Repairs
Curb appeal may play a key role in your home selling experience. If you residence boasts outstanding curb appeal, you may be able to differentiate your home from other available houses in your city or town.
To improve your residence's curb appeal, you may want to repair or replace any damaged home siding. In addition, mow the lawn and trim the hedges, and you can show off the true beauty of your house's lawn.
You may want to remove any lawn ornaments or decorations from outside your house as well. That way, buyers may be better equipped than ever before to envision what life may be like if they purchase your residence.
3. Eliminate Clutter
Clutter may fill up various rooms throughout your home. If you want to achieve the best-possible home selling results, now may be a great time to eliminate as much clutter as you can.
If you have items you no longer need, you can always sell these items or give them to friends, family members or local charities. On the other hand, if you have assorted personal belongings you want to keep outside your house, you can rent a storage unit.
As you get set to embark on the house selling journey, you may want to hire a real estate agent. With a real estate agent at your side, you can transform your residence into a must-buy in no time at all.
A real estate agent understands all aspects of the home selling journey. He or she will offer tips and recommendations to help you promote your residence to dozens of prospective buyers. Plus, a real estate agent is ready to respond to any of your home selling concerns and questions.
Allocate time and resources to upgrade your home, and you could generate lots of interest in your residence as soon as you list it.