The value of your home is influenced by price, time, and market conditions. As your local real estate professional, my goal is to assist you in the determination of the value of your home by giving you current, factual data on the market conditions and the average market time for homes in your area. This infographic will better explain how these three areas impact your home's value.
A cluttered home implies a few things, and none of them are positive in the eyes of a potential buyer:
- The house is too small.
- There must not be enough storage in the house.
- The rooms look unkempt. Maybe the rest of the house has been poorly maintained.
A potential buyer should be able to tour your house and easily imagine their own furniture and possessions in the space. A cluttered atmosphere stymies their imagination and creates an immediate negative impression in their minds.
One of the reasons realtors suggest that you remove personal items like family photographs is for that exact reason. The buyers need to be able to envision themselves living in the rooms they're checking out. If anything, there should be less "stuff" around than you might be comfortable with. Tidy rooms that aren't overcrowded...
Everybody naturally wants to get the best price possible when thinking about selling their home; but just the fact that it is your home can make you think it's worth more than it actually is. Keeping it well-maintained is a good idea and when updating it's important to weigh your return on investment. In other words, knowing which home improvement projects are going to give you the best return on investment is important. Here's a breakdown of the best home improvements:
1. Bathroom Remodel
For every dollar you spend spiffing up your bathroom, you'll get back all the money you put in, plus 2% for a 102% rate of return. Simple fixes include repainting, re-caulking the tub, removing and replacing old shower...
A slow real estate market does not mean your home can't sell quickly. It just means that one needs a different approach. In a booming market, one can list almost any home, in almost any condition, and sell their home quickly, sometimes with multiple offers to choose from. When the market slows and affordability becomes an issue, being informed and strategic is key.
Here is our quick guide on how to sell your home in a slow market.
Repairs: One must prepare their home for market so take time for the little, quick and inexpensive reparis. If potential buyers see little repairs that have been neglected most likely they are thinking what big repairs need to be done. Consider getting a home inspection before putting your house up for sale. You may find, even if there are no leaks, the roof is at the end of...
Are you looking to sell your home? If so, there's a good chance that many of your prospective buyers will actually be in the process of trying to sell their own homes before purchasing a new one; it's just the way the market works. So, just how do you work with a potential buyer who is still waiting to sell his or her own home? We've got a couple tips.
Working With a Contingency Clause
If you receive an offer from a buyer who claims he or she needs to sell an existing home before finalizing a sale on your home, make sure you have what's known as a "contingency clause" in writing. This clause essentially states that any accepted offer is contingent on your buyer selling his or her home and closing within X number of days.
Consider Adding a "Kick-Out" Clause aka "Right of First Refusal"
If you've ever tried to sell your home, you know it can be a very stressful experience. Between trying to keep the house spotless to impress potential buyers who may show up at any time, and making an effort to leave the home on a moment's notice when your realtor calls to say she's on the way with clients, it may feel as if your life has turned into a circus. While there may be no surefire way of selling a home, there are certainly a few ways to prevent it from selling. Below, we've listed five of the most important things NOT to do when selling your home.
Don't Overprice Your Home
While your home undoubtedly has a great deal of sentimental value to you and your family, you must be realistic in how much the home is actually...
Home staging is the act of making a home ready for sale. Real estate professionals agree that a staged home will typically sell faster and for more money, even when the market is slow. Decluttering is not only one of the most effective staging techniques, it is also the least expensive.
Your house is your home, and a lived-in look has a great feel. However, when you place your house on the market, it is no longer your home but a product for sale. Buyers want to imagine themselves in the home and visualize its potential.
Personal possessions, mismatched furniture, excessive wall hangings, and other items can repel home buyers. Clutter is distracting, making it harder to decide if the house is right for them.
Here are our tips for decluttering your home:
- Take photos of every room to evaluate and prioritize problem areas.
There can be many things that keep a home from selling; however, they usually deal with these 4 critical areas. They are Price, Marketing, Condition and Availability. Let's look at each individually.
The real estate market is like every product or service and has a 'market price'. Ask too much and no one will buy, ask too little and a lot of people will wonder what's wrong with it.
To be sure you really have priced your home properly check these items:-
- Who priced it, are they professionals, do they know the local real estate market?
- Do they know what is currently on the market, what has recently gone under contract, what has sold and what was withdrawn from the market without selling?
- When did they price it? Markets change over time, and prices change with them
- Did they price it to reflect...
People are sometimes tempted to buy or sell real estate without an agent. There are many services catering to these individuals. Moreover, there is a great deal of information online about listings and their possible value. With all that, why should you hire a real estate agent? What should they do for you?
Real estate agents are professionals, just like doctors and lawyers. Their education and experience, in the field of buying and selling real estate, are a benefit. Maybe you are the kind of person who attempts to represent themselves in court, rather than using an attorney. Most people know they do not have the expertise for such an action. Real estate is not much different.
There is a lot of information about neighborhoods and completed real estate sales online....
When it comes to energy efficiency, look for smart features and expertise to help you save energy and money and add value to your home.
1. Begin with a Right-Sized Home.
If the home you buy is simply too large for you or your family’s needs or plans, you stand a good chance of wasting energy through excessive heating and cooling costs. If it’s too small, you’ll feel cramped and uncomfortable. It’s a big investment, so seek balance and buy it “right” from the outset.
2. Purchase Energy Star Appliances Such as Your TV, Dishwasher, Washer and Dryer, and Microwave.
And especially the refrigerator, as it alone contributes about 10 percent of the energy use in a home. Also, unplug electronics...