3 Factors for Home Sellers to Consider Before They Accept an Offer

You recently listed your home on the real estate market, and now, you’ve received your first offer. However, you only have a short period of time to review the proposal and accept, reject or counter it.

Determining how to handle an offer on your home can be challenging. Fortunately, we’re happy to help you fully evaluate an offer so you can make an informed decision.

There are numerous factors to consider as you review an offer on your house, including:

1. Price

In some cases, homebuyers may submit a “lowball” offer in the hopes of getting a seller to jump at a quick sale. If a home seller accepts this offer, a homebuyer is able to purchase a terrific home at a bargain price. Conversely, if a home seller rejects or counters the offer, a homebuyer may have an opportunity to reconsider his or her options.

As a home seller, you should consider how much you are willing to accept for your residence before you add it to the real estate market. By doing so, you can list your home for a fair price and act quickly and effectively as you receive offers.

Also, flexibility is paramount for home sellers. And even though you may list your home for a particular price, you may want to consider accepting an offer below your initial asking price if you’re looking for a quick sale.

2. Sale of a Buyer’s Home

Although a homebuyer may submit an offer that is at or above your initial asking price, the proposal may have strings attached that could slow down the home selling process.

For instance, a homebuyer could make an offer that is contingent upon him or her selling a residence within a set period of time. But if this homebuyer is unable to sell his or her house, your home sale could fall through, which could cost you both time and money.

In this scenario, consider your options carefully. If you believe you can receive other offers from homebuyers who don’t require this contingency, you may be better off rejecting or countering the proposal.

3. Your Timeline

If you’ve already secured a new home and need to sell your current residence as quickly as possible, you may want to consider accepting an offer even if it is below your initial asking price.

On the other hand, if you are able to afford two mortgages for an extended period of time, you may be better equipped to wait out a slow real estate market.

When it comes to determining whether to accept an offer on your residence, consulting with your real estate agent usually is a great idea. This professional can offer expert resources you might struggle to find elsewhere and empower you with the insights you need to make the best decision possible.

Consider the aforementioned factors as you evaluate an offer on your home, and you should be able to accept, reject or counter a proposal with confidence.

Are Home Improvement Projects Valuable for Home Sellers?

Are you getting ready to sell your home? Before you add your residence to the real estate market, you may want to consider completing various home improvement projects.

With home improvements, you’ll be able to enhance the appearance and quality of your residence. Furthermore, home improvement projects can help you boost your home’s value as well as increase your chances of starting a bidding war among prospective homebuyers who are vying for your house.

But are home improvement projects worth your time? Ultimately, there are several factors to consider before you embark on a home improvement project, including:

1. Cost

Home improvement projects can vary from simple touch-ups to massive overhauls. As such, the costs associated with these projects can range from minimal to excessive.

Develop a budget and assess your home’s value prior to beginning home improvement projects. This will give you a better idea about how much it will cost to complete numerous repair and maintenance tasks, along with how these jobs can help improve the value of your residence.

It is important to note that cost always will be a consideration for homebuyers, too. As a result, you’ll want to do whatever you can to ensure that homebuyers see your home as an attractive, cost-effective choice.

No homebuyer wants to purchase a “money pit,” i.e. a home that will require lots of money to repair and maintain. But if you devote the necessary time and resources to complete essential home improvement tasks, you may be able to enhance your home’s value and make it a viable option for a large group of prospective homebuyers.

2. Time

Home sellers surely want to find interested homebuyers as quickly as possible. Conversely, home improvement projects may require days, weeks or even months to complete. And in some cases, you might only be able to complete home improvement projects in warmer temperatures.

Consider the amount of time it will take you to fix problems across your home. Also, be sure to budget your time accordingly to ensure you are able to complete all of your home improvement tasks to the best of your ability consistently. This will ensure that you can avoid the temptation to take shortcuts and can work toward completing effective improvements without delay.

3. Curb Appeal

Maximizing your home’s curb appeal, aka how it is viewed by prospective homebuyers when they see it for the first time, is crucial. And for home sellers who want to generate interest in their residences, completing home improvement projects can help enhance a home’s curb appeal instantly.

Many homebuyers want high-quality homes that require minimal repairs, and home sellers who perform minor home improvements like replacing old siding or eliminating high grass and weeds on the front lawn can make their residences more attractive. These improvements will bolster a home’s curb appeal and may increase a home seller’s chances of a fast sale as well.

When it comes to selling your home, you should consider the value of home improvement projects. Finishing these tasks can make it easier to improve the appearance and quality of your house and make it more appealing to a broad range of homebuyers.

Tips to Avoid Overpricing Your Home

For home sellers, maximizing the value of your residence is key. However, it is important to remember the dangers associated with overvaluing your house.

If you overprice your residence, homebuyers may choose to look elsewhere for their dream house. As such, it may take you many weeks, months or years to sell your residence if you fail to price it correctly from the get-go.

So what does it take to avoid the risk of overpricing your home? Here are three tips to help home sellers set a fair price for any residence, in any real estate market, at any time.

1. Review the Housing Market in Your Area.

Spend some time assessing the local housing market – you’ll be glad you did. This will enable you to better understand how your home compares to other residences in your city or town so you can price your house accordingly.

Check out the listing prices of homes that currently are available as well as the sold prices of residences that recently were purchased. By doing so, you’ll be able to collect a broad assortment of housing market data and use this information to determine the right price for your house.

2. Get Your Home Appraised.

A home appraiser will conduct an in-depth examination of your residence, help you identify problem areas and determine your house’s value. That way, you’ll be able to enter the real estate market with realistic expectations and set a fair asking price based on your home appraisal.

Furthermore, a home appraisal offers valuable insights into ways that you can improve your home. The assessment will allow you to learn about the pros and cons of your home, and ultimately, determine the best ways to transform your house’s weaknesses into strengths.

Don’t forget to evaluate your home’s interior and exterior as well. Completing home improvement tasks will improve your residence inside and out. Plus, performing home maintenance may allow you to set a higher asking price than you initially expected.

3. Hire an Experienced Real Estate Agent.

Let’s face it – navigating the real estate market can be a long, arduous process. Thankfully, real estate agents are available that possess extensive industry experience and know-how, ensuring you can set the right price for your house without delay.

Perhaps best of all, a real estate agent understands the ins and outs of both buyer’s and seller’s markets. As such, he or she can offer recommendations about how to price your home, enhance your house’s interior and exterior and much more.

With the right real estate agent at your disposal, you should have no trouble setting a fair price for your home. In addition, this professional will do whatever it takes to promote your house to the right homebuyers consistently, bolstering your chances of optimizing the value of your residence.

Don’t leave anything to chance when you sell your home. Instead, employ a real estate agent, and you can speed up the process of selling your residence.

What to Consider Before You Show Your Home to Prospective Buyers

As a home seller, you recognize that your house is one of many that is available to prospective homebuyers. However, unlike most home sellers, you’re willing to go the extra mile to ensure that your residence represents an attractive choice to homebuyers.

Although you may commit significant time and resources to get your house ready for a home showing, there are several factors to consider as you prep your residence.

Some of the most common factors to consider include:

1. Appearance

Of course, your home’s interior and exterior should look pristine so they can help your home make a great first impression on homebuyers.

Furthermore, you should clean and declutter your house as much as possible before a home showing. This will allow you to highlight how your house represents a spacious, immaculate oasis that a homeowner can enjoy for years to come.

Don’t forget to hide personal items like photographs before you show your home, too.

Ideally, you’ll want homebuyers to envision what it’s like to live in your house as they walk through it. And by removing personal items, you’ll make it easier for homebuyers to imagine a wonderful future in which they buy your home.

2. Smells

Strong smells may linger, and ultimately, impact a homebuyer’s impression of your residence. Thus, you’ll want to pay close attention to any smells that may turn homebuyers off.

Focus on using air fresheners and candles that deliver warm, inviting aromas throughout your house. Whether it’s lighting a candle that fills your home with a rich natural scent or spraying an air freshener that brings an unparalleled citrus aroma to your residence, you can use odor eliminators to disguise unpleasant smells quickly and effortlessly.

You also should consider smells that may develop on the day of a home showing.

For instance, cooking bacon on your kitchen stove may be part of your morning routine but can leave a lingering smell. Conversely, home sellers who try to maintain pleasant aromas throughout their houses day after day should be able to minimize repugnant smells immediately.

3. Lighting

Illuminate your residence’s interior and exterior as best you can, and you’ll likely find that homebuyers may be more attracted to your house over others that are available.

From dazzling pendant lights in the kitchen to recessed lighting in the hallways, you can make a bold statement with the right types of lighting throughout your home.

Also, you should open the windows prior to a home showing to let sunlight fill your residence. By doing so, you can use natural light to illuminate your house and allow fresh air to filter through your home simultaneously.

For home sellers, it is essential to devote time and resources to prep your house for an upcoming showing. And if you need extra support along the way, working with an experienced real estate agent ensures that you can receive expert assistance as you add your home to the real estate market.

Consider the aforementioned factors as you get your house ready for a home showing, and you should have no trouble generating interest in your house.

4 Reasons to Hire a Real Estate Agent to Sell Your Home

Let’s face it – selling your home is no simple task. As such, you’ll want to find a real estate agent who can guide you through the home selling process and ensure that you’re able to maximize the value of your residence.

Ultimately, there are many reasons to find a real estate agent to help you sell your residence, including:

1. Industry Experience

A real estate agent will possess comprehensive industry experience that makes him or her exceedingly valuable. This professional understands the ins and outs of the real estate sector and will be able to assist you in several areas.

From determining the best price for your home to offering home improvement tips, a real estate agent knows what it takes to sell a residence in any real estate market, at any time.

2. Local Knowledge

Selling a home in a big city can be very different from selling one in a small town. Fortunately, a real estate often recognizes the key attributes of selling a home in a specific area and will work with you to find interested homebuyers consistently.

The local knowledge that a real estate agent possesses can make him or her a great resource, particularly for home sellers who are hoping for a fast sale. This professional will work with you throughout the home selling process, and ultimately, ensure that you are fully satisfied with the end results.

3. Expert Negotiation Skills

A real estate agent represents you throughout the home selling process and will operate as a liaison between you and a homebuyer. That way, if a homebuyer wants to negotiate for a better price for your residence, your real estate agent can serve as a facilitator who can help you get the best price for your home.

Negotiating can be a stressful, exhausting experience, particularly for home sellers who are offering their residences to homebuyers for the first time. Thankfully, your real estate agent will help you streamline any negotiations with a homebuyer.

4. Friendly, Professional Approach

A real estate agent understands that the process of selling a home is rarely simple and is happy to respond to your concerns and questions at any time.

Typically, a real estate agent will keep you up to date as he or she tries to find homebuyers. This professional will take a friendly, professional approach to promoting your home to a wide range of prospective homebuyers, hosting open houses and home showings and ensuring that you get the attention you deserve while you try to sell your home.

With the right real estate agent to help you sell your residence, you can enjoy a stress-free journey through the home selling process – one that is likely to conclude with a home sale that satisfies your needs.

Choose the right real estate agent as you prepare to add your home to the real estate market. By doing so, you can take the guesswork out of promoting your home to the right homebuyers and increase your chances of a quick sale.

3 Home Selling Incentives to Motivate Homebuyers

As a home seller, it is important to note that you’re not alone in the real estate market. In fact, dozens of other nearby home sellers likely are doing everything they can to promote their residences to prospective homebuyers. This means that you may need to think outside the box to generate interest in your home.

Fortunately, every homebuyer is looking for a bargain, and home sellers who offer incentives may be able to sweeten the deal if a homebuyer is interested in purchasing a residence.

Incentives are readily available that you can offer to homebuyers, and some of the top incentives to consider include:

1. Covering the Closing Costs.

Closing costs can add up quickly for homebuyers and may be a deterrent for a buyer to purchase a particular residence. However, you can eliminate this deterrent if you agree to cover even a portion of a homebuyer’s closing costs.

Agreeing to cover a homebuyer’s closing costs up to a predetermined amount may help you seal the deal with a prospective buyer. And ultimately, this incentive could make it easier for you to reap the benefits of a quick sale.

2. Allocate a Set Amount for Home Upgrades.

After a homebuyer conducts a property inspection, he or she may ask for upgrades to a residence’s furnace, windows or other areas. These issues may be deal-breakers, unless you allocate a set amount to account for potential home upgrades.

Completing these upgrades on your own may prove to be both time-consuming and costly. On the other hand, setting aside a set amount for upgrades and agreeing to deduct this amount from the total cost of your home could serve as a distinct incentive for homebuyers.

Ultimately, you’ll want to do as much as possible to ensure that a homebuyer remains interested in your home after an inspection is completed. And by determining a particular amount to deduct from your home’s price and sticking to it following an inspection, you’ll be better equipped to satisfy a homebuyer’s home improvement demands.

3. Including the Appliances.

You may have had your heart set on bringing your washer, dryer and refrigerator to your new home. Conversely, a homebuyer might want to avoid the hassle of installing new appliances if he or she buys your current residence.

So what can you do? Including the appliances with your home may allow you to close the deal with a homebuyer.

Remember, home appliances can be replaced, and you may be able to find new appliances that suit your future residence perfectly. And if a homebuyer wants the appliances in your home included in a deal, it may be worthwhile to offer this incentive to finalize an agreement.

Selling a home can be tricky, and getting support from a real estate agent who understands the local market is essential. This real estate professional may help you brainstorm unique incentives that you can offer to homebuyers and speed up the home selling process.

Consider the value of offering incentives to homebuyers, and you could boost your chances of a fast home sale.

Depersonalizing Your Home

One of the many things emphasized to sellers is removing their personality from the home. Too much personality in the home can be a distraction for potential homebuyers. Consider a model home, which automatically draws you in, from the biggest of details to the smallest. Most model homes have neutral colored rooms, rugs, and décor. The reason behind this? To give the potential homebuyer the opportunity to visualize themselves living in that home. You want to replicate that approach.

Here are a few tips for depersonalizing your home:

Pictures: Displaying family photos in the home is a great way to show that you made this place a home. However, when it comes to selling, it’s best to remove these photos. Too many pictures and frames can make it difficult for potential homebuyers to visualize themselves and their family living there.

Personal belongings: If you are still living in the home that you are selling, your personal belongings will likely be all over the house. It’s impossible for you to remove everything you own from a home when you are still living there. However, it is important to clean up and hide certain personal belongings when you can. This includes children’s toys, animal toys and beds, knick-knacks, and drawings and grocery lists from the refrigerator door. Placing these items in storage or just finding places around the house to store them while trying to sell is best.

Paint: Paint is a way of expressing yourself in your home. Whether you like really dark colors, warm colors, or cool colors or even just white, it showcases your personality. Drastic color schemes on either side of the color wheel can throw buyers off, especially if it contains colors that they are not really fond of. It will make it difficult for them to visualize how they would decorate that room. If this sounds like you, it’s a good idea to go to the store and pick up some neutral tones and get to painting.

Furniture: Staging is everything. You may have set up your living room or bedroom a certain way because that’s how you like it. However, that may not be the optimal use of that space. It’s best to do some research or hire a professional to assist with this. You have to pull your personal opinion out of the decision-making and think about what works best with the shape and size of the room.

Whenever possible it’s best to provide the homebuyer with a clean slate. Neutral colors and removing personal belongings will only increase the chances that potential homebuyers will envision themselves living there and hopefully make an offer. Depersonalizing your home is just one tactic for prepping your home for selling. If you are looking to sell quickly, be sure to read all the tips and tricks there are to getting you’re home sold.

Tips for Staging Your Bedroom

Want to transform your ordinary bedroom into a fabulous living space that grabs homebuyers’ attention instantly? Stage it before your next home showing. By doing so, you’ll be able to accentuate the positives of your bedroom and increase your chances of selling your home.

Staging a bedroom can be fast and simple – here are three tips you can use to stage your bedroom effectively:

1. Clean up and organize your bedroom.

Your bedroom represents a sanctuary from the outside world, a room where you can rest, relax and get the Zzz’s you need to remain productive and efficient day after day.

Home sellers who hope to pass on these feelings to prospective homebuyers, meanwhile, will need to organize their respective bedrooms immediately.

A messy bed and dirty floors certainly will give a bedroom a lived-in look and feel but will do more harm than good as you try to sell your residence.

Instead, clean every inch of your bedroom and ensure the space looks immaculate. And if you encounter clutter, be sure to get rid of unnecessary blankets, clothing and other items or find storage units for these items that won’t take up too much space.

2. Use neutral colors.

When it comes to your bedroom’s décor, neutral colors will serve you well. Adding a fresh coat of neutral-colored paint to your bedroom’s walls may help make your bedroom appear larger and brighter. And ultimately, neutral colors could help your bedroom make a long-lasting impression on prospective homebuyers.

Remember, when it comes to promoting your bedroom, you’ll want to do whatever you can to leave a distinct impression on homebuyers. And with the use of neutral colors, you can give homebuyers the opportunity to envision what life could be like if your bedroom was a part of their new home.

Incorporate neutral colors into your bedroom’s décor, and you may find that many homebuyers will view your bedroom as a positive feature that helps differentiate your residence from others that are available.

3. Avoid the temptation to overfill.

As a home seller, there may be a natural inclination to try to make your bedroom appealing to as many prospective homebuyers as possible. However, you’ll want to do everything you can to avoid overfilling your bedroom in the hopes of generating significant interest in your residence.

Ideally, your bedroom should be able to speak for itself, creating a wonderful first impression that makes it an attractive option for homebuyers. And if you can avoid the temptation to overfill, you’ll be able to show homebuyers that your bedroom can serve as a superb oasis from the outside world.

Staging your bedroom might seem difficult, but the aforementioned tips can help you keep things simple as you prepare to showcase your bedroom to prospective homebuyers. Plus, keep in mind that your bedroom is merely one room in your house, and other factors likely will influence homebuyers’ decisions as well.

With the right staging process, you’ll be able to show homebuyers exactly what your bedroom is all about. As a result, you can use staging to your advantage and improve your chances of a quick sale.

Prepare Your Home to Sell

When it is time to sell your home you may have much work to do before the sign is placed on the front lawn. If you would like to sell your home for more money or in less time you will need to prepare your home to sell.

One way to sell your home for more money in less time is to stage your home. Statistics show that home staging is credited with selling 95 percent of homes within 35 days or less.

Here are some tips to get your home ready for the market:

Prepare your home to sell to the most likely buyer. The average buyer nationally is 32, while the average seller is 57.  Remove items in the home that may be out dated and add in more modern items that appeal to a younger buyer.

Start at the front door. The front door is the first thing a potential buyer will see, so make a good impression. Spruce up the landscaping, wash the front door and clean up the trim around the door. Make the entry neat and welcoming.

Clear out the clutter. A good rule of thumb is to remove about one third of your belongings. Pay special attention to removing extra pieces of furniture, like ottomans, bookcases, and decorative pieces.

Depersonalize the home by removing all photos, memorabilia and other personal items.  This will help the buyer envision the home as their own, picturing their personal items around the house rather than yours.

Clean the home very thoroughly. Dust under the furniture, clean the grout and all the other places that may not receive everyday upkeep. “

Freshen up the paint and neutralize your wall colors. It is best to stick with white, cream or pale earth tones.

Fix the Small Things Before You List Your Home

You have made the decision to put your home up for sale. Before you stick the sign in the yard there are a few things you will want to do. Buyers can be picky and the competition can be stiff. So now is the time to do all the little repairs you’ve always meant to do but never had the time for.

Here are just a few of the basic repairs you will want to conquer before the first prospective buyer walks through the door:

1.Tackle the Entrance

This is the first thing people see when they come to your home. Paint the front door and trim surrounding the door. Repair sagging screen doors and replace any missing or corroded hinge screws and tighten the rest.

2. Spruce up the Perimeter

Walk the perimeter of your home, clear away dead plants, clip blossoms, and clear away leaves and other yard waste.

3. Recheck the roof

Any problem that has the word roof in it scares a buyer away immediately. Replace missing shingles and fix hanging gutters.  Remove any moss growing on the roof as this shows signs of neglect.

4. Clear and caulk gutters.

Clear all the debris out of the gutters and recaulk the gutter end caps.

5. Patch nail holes and repaint.

Patch up nail holes in the walls of your home. Use a lightweight putty to fill the holes and paint the repaired spots.

6. Clean the Grout

Deep clean tile grout with bleach.  Regrout tiles where needed and recaulk cracks between sinks, tubs, toilets, counters and floors. This will give your tile a whole new look.

7. Stop Dripping Faucets

Fix leaky faucets before the buyer notices them.  You may need to call in a plumber to do this task. Before you do that you can shut off the water supply and check for moisture on the wall around the valves and on the floor of the sink cabinet. Many hardware stores carry faucet rebuild kits that contain the 6 to 12 parts most likely to fail, including the metal ball, O rings, springs and gaskets.