Kathy Craig's Blog
Ready to start a successful home selling journey? To achieve your house selling goals, you'll want to prepare as much as possible. Lucky for you, we're here to teach you about the home selling journey so you can enjoy an unforgettable property selling experience.
Now, let's take a look at three tips to help you kick off a successful home selling journey.
1. Identify Your Home's Strengths and Weaknesses
Your home has served you well for many years, but it may be far from perfect. Fortunately, you can allocate time and resources to analyze your house's weaknesses and transform them into strengths.
Oftentimes, it is beneficial to conduct a home inspection before you list a residence. A home inspection enables you to receive expert insights into your house's condition. Then, you can use a home inspection report to prioritize property upgrades.
You may want to conduct an appraisal prior to adding your house to the real estate market as well. By performing an appraisal, you can receive a property valuation that you can use to establish a competitive initial asking price for your home.
2. Enhance Your Home's Appearance
Curb appeal is key, particularly for a house seller who wants to speed up the property selling journey. If you mow the lawn, trim the hedges and perform other home exterior upgrades, you can improve your residence's curb appeal in no time at all.
Don't forget to remove clutter from inside your house too. Remember, your goal as a home seller is to make it easy for buyers to envision what life may be like if they purchase your house. If your home is neat and tidy, it may be simple for buyers to fall in love with your residence as soon as they walk through the front door.
3. Collaborate with a Real Estate Agent
If you are unsure about how to price your home, how to promote your residence to buyers or how to complete myriad house selling tasks, there is no need to worry. In fact, you can hire a real estate agent who will do whatever it takes to help you succeed throughout the property selling journey.
A real estate agent understands what it takes to sell a home in any city or town, at any time. As such, he or she will go the extra mile to ensure you can achieve the best-possible results.
For example, if you want to sell your home as quickly as possible, a real estate agent will craft a house selling strategy that allows you to do just that. On the other hand, if you want to optimize the earnings from your house sale, a real estate agent will handle negotiations with buyers so you can get the best price for your home.
Let's face it – selling a home can be challenging, especially for those who are unsure about how to navigate the real estate market. Thanks to the aforementioned tips, you can quickly and effortlessly begin the home selling journey. And as a result, you can move one step closer to enjoying a fast, profitable house selling experience.
You might want to believe that the home selling journey will be fast and simple, but high-pressure situations may arise that cause you to panic. However, there is no need to let high-pressure home selling situations get the best of you. Because if you know how to handle these situations, you can boost the likelihood of enjoying a quick, profitable house selling experience.
Now, let's take a look at three tips to help you handle high-pressure home selling situations.
1. Use Data
A high-pressure situation may lead you to make a decision that causes you to miss out on an opportunity to achieve your desired home selling results. Fortunately, if you take a step back from a high-pressure situation, you can assess data to make the best-possible decision.
Typically, a data-driven approach to selling a house is ideal. If you analyze home prices in your city or town and other housing market data, you can determine if a buyer's offer to purchase is "fair" based on the current state of the real estate sector.
2. Analyze the Buyer's Perspective
There are two sides to every situation, and if you review the buyer's perspective, you may be able to successfully negotiate with this individual. And as a result, you and a buyer may be able to come to terms on a home sale agreement that meets the needs of both sides.
Although you may be tempted to walk away from a home sale if a buyer makes exorbitant demands, you should try to negotiate with this individual. If you assess the buyer's perspective, you may be able to gain unique insights into the property selling journey. Then, you can use these insights to negotiate with a buyer and boost the likelihood of finding common ground with this individual.
3. Consult with a Real Estate Agent
Let's face it – selling a home can be stressful and exhausting, regardless of whether you are a first-time or experienced property seller. Lucky for you, real estate agents are available in cities and towns nationwide, and these housing market professionals can help you stay calm, cool and collected in high-pressure situations.
Oftentimes, a real estate agent will work with you to craft a custom house selling strategy. He or she next will put this plan into action and collaborate with you throughout the home selling journey. By doing so, you can receive expert support as you navigate the home selling journey and achieve the optimal results as quickly as possible.
Let's not forget about the negotiation assistance that a real estate agent can provide, either. A real estate agent is happy to negotiate with a homebuyer on your behalf. Thus, he or she can help you get the best price for your house.
As you get set to navigate the home selling journey, it helps to understand what to expect after you list your residence. Thanks to the aforementioned tips, you can remain patient in high-pressure home selling situations and work diligently to maximize your house sale earnings.
The process of selling your house may seem endless at times. Fortunately, there are many things that you can do to speed up your home selling timeline, and these are:
1. Conduct a House Inspection
Although a home inspection usually is requested by a buyer after a seller accepts an offer to purchase a house, you may want to conduct this evaluation before you list your residence. In fact, performing a home inspection now may help you identify assorted house problems that otherwise could slow you down later in the home selling process.
During a home inspection, a property expert will examine your residence both inside and out and offer an inspection report. Then, you can use the inspection report to prioritize various house improvement projects.
A home inspection ultimately gives you the insights you need to update your house to match buyers' expectations. As a result, a house inspection can help you quickly discover the best ways to improve your house and ensure you can reap the benefits of a fast, profitable home selling experience.
2. Analyze the Housing Market
The housing market fluctuates, and a market that favors buyers today may favor sellers tomorrow. Thankfully, a seller who performs a deep analysis of the housing market can differentiate between a buyer's and seller's market and prepare accordingly.
Take a look at the prices of available houses in your city or town that are similar to your own residence. This housing market information can help you understand the price range for comparable houses and enable you to establish a competitive initial home asking price.
Furthermore, check out the prices of recently sold homes in your area. This housing market data can help you determine whether you're about to enter a buyer's or seller's market.
3. Collaborate with a Real Estate Agent
You know you want to sell your house as quickly as possible, but there are many problems that you may encounter during the home selling journey. But if you hire a real estate agent, you can get the assistance you need to seamlessly navigate the home selling journey and optimize your home sale earnings.
A real estate agent will meet with you, learn about your home selling goals and offer a personalized home selling strategy. Plus, he or she will promote your residence to prospective buyers and set up home showings and open house events. And if you receive an offer to purchase your residence, a real estate agent will present this proposal to you and provide a recommendation about whether to accept, reject or counter it.
In addition, a real estate agent possesses comprehensive housing market expertise. If you have concerns or questions as you sell your house, a real estate agent can address them.
Don't wait to sell your house. Instead, reach out to a local real estate agent today, and you can receive the help you need to accelerate your home selling timeline.
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.