Metrowest Area Homes' Blog
Want to sell your residence? As a home seller, you'll want to take a cautious approach to the real estate market. That way, you can improve your chances of getting the best price for your residence, regardless of the current housing market's conditions.
Ultimately, there are many reasons why home sellers should err on the side of caution as they prepare to add their houses to the real estate market, including:
1. The housing market constantly fluctuates.
For home sellers, it is important to differentiate between a seller's market and a buyer's market. By doing so, a home seller can assess the current housing market and proceed accordingly.
In a seller's market, there is usually a shortage of high-end houses and an abundance of interested homebuyers. This means home sellers who operate in a seller's market may be more likely to stir up plenty of interest in their houses as soon as these properties become available.
Conversely, a buyer's market typically favors homebuyers, as it features a limited number of homebuyers and a wide range of home sellers. If you're selling your home in a seller's market, you'll likely need to price it competitively to help your residence stand out from the competition.
Allocating the necessary time and resources to analyze the housing market is key. With housing market data in hand, a home seller can determine whether he or she is getting ready to list a house in a buyer's or seller's market.
2. What your home was worth yesterday is unlikely to match what it is worth today.
The price that a home seller initially paid for a residence is unlikely to match what the house is worth today. Thus, a home seller should perform a home appraisal to learn about the present value of his or her residence.
During a home appraisal, a property inspector will assess a house both inside and out. Then, the property inspector will identify any problem areas with a house that could negatively affect the residence's value.
A home appraisal is exceedingly valuable to home sellers. It enables them to understand a house's strengths and weaknesses as well as uncover ways to transform a home's weaknesses into strengths. As a result, a home seller can use a home appraisal as a learning opportunity and find innovative ways to enhance a residence before adding it to the real estate market.
3. Homebuyers are always on the lookout for bargains.
Although a home seller will do everything possible to learn about the housing market, there is always the danger that a homebuyer will submit a "lowball" offer on a house. Conversely, a home seller who errs on the side of caution will be able to differentiate between a legitimate offer and a lowball one time and time again.
Lastly, if you need extra help as you get ready to sell your house, don't hesitate to work with a local real estate agent.
Real estate agents are available in cities and towns nationwide. They can help you get your house ready for the real estate market and ensure you can reap the benefits of a quick, seamless home selling experience.
Become a cautious home seller, and you can move one step closer to maximizing the value of your house.
You know all about curb appeal, and you’ve spent time in your garden and front porch area sprucing it up, trimming it out, and adding colorful plants. The door now sports a bright new “pop” of color that all the home and garden shows demand. But something still isn’t right. Your entryway is entirely dysfunctional, so once they step into the house, all your hard work seems for naught.
The problem is that your front door is the door the family uses. The kids come home after school and march right in the front door. The entry becomes the collector of backpacks, rainboots, jackets. Your partner comes in from a workout at the gym and down plops the sports bag full of sweaty workout clothes and sports shoes.
You dream of that pristine rear-entry mudroom that you see in full glossy pins, but the only way to get that is to find a new house. Meanwhile, the current one can’t even be shown to buyers because they’ll trip over a random baseball bat or soccer cleat coming in the door.
Never fear. Your home isn’t the only one where the front entry is an obstacle course. Try these organizational tips to help out.
Use the coat closet
Since most homes have a coat closet, this is a logical place to start. Clear out all storage from the closet so that it is useful for coats and outerwear. Then place a basket along one side of the closet floor for casual boots and shoes. On the other side or along the back, put a shelf for sports equipment. Instead of using the hanger bar, line the sides and back with sturdy hooks so that your kids can hang jackets, backpacks, and larger sports equipment. Add a hook to the inside of the door, higher up, for longer coats, and one lower down for handbags.
Add a bench
When there isn’t enough room in the closet, add a storage bench or long, narrow ottoman that opens to the entryway. The deeper the storage area, the better. Place backpacks on one side and shoes or boots on the other in a waterproof bin inside the bench.
If you have several children, use several smaller square ottomans, one for each. That way, each child has a place for boots, backpack, jackets, and other miscellaneous detritus that comes in the door with them.
If none of these work out for you, it’s probably time for a chat with your professional realtor staging ideas or quick pick-up bins for when they show your home.
Let's face it – clutter is an eyesore that all home sellers can live without. However, removing clutter before you list your house may prove to be difficult, particularly for those with limited time and resources at their disposal.
Fortunately, we're here to help you streamline the decluttering process. That way, you can speed up the process of improving your house's appearance and get your residence show-ready.
To better understand how to effectively declutter your home, let's take a look at three best practices for decluttering:
1. Organize Your Belongings
Old electronics, broken exercise equipment and other items can take up lots of space in your home. If you take a look at all of your belongings, you can differentiate clutter from items that you'd like to keep.
If you haven't used an item in several years or an item simply takes up space in your house, this item likely is clutter. As such, you should eliminate this item from your premises as soon as possible.
On the other hand, items that you use regularly or items that have sentimental value may prove to be keepers. With these items, you should store and maintain them properly to reduce the risk of deterioration.
2. Get Rid of Items That You No Longer Need
There may be a wide range of clutter scattered throughout your house. Although your first instinct might tell you to throw out excess items, it is important to consider whether these items could be sold or donated.
Even though a particular item no longer serves your needs, you may be able to sell this item to the highest bidder. Thus, if you post an item online or host a garage sell, you could earn extra cash by selling your clutter.
In addition, many charities will accept items that you no longer need. If you have excess items that are working properly, reach out to local charities, and these organizations may be able to pick them up at your convenience.
3. Consult with a Real Estate Agent
If you plan to list your home in the next few weeks, consulting with a real estate agent is ideal. This housing market professional can offer expert decluttering recommendations and help you get your house ready for the real estate market.
Typically, a real estate agent will meet with you, evaluate your house and learn about your home selling goals. He or she also will explain the home selling process and ensure you know what to expect before you list your residence.
In most instances, a real estate agent will set up home showings and open houses, notify you about offers on your house and provide various home selling recommendations and suggestions. Plus, if you ever have questions about decluttering your home or other home selling topics, a real estate agent can provide immediate answers.
Simplify the process of decluttering your house – use the aforementioned tips, and you can remove clutter from your residence in no time at all.
If you intend to add your residence to the real estate market, you should try to differentiate your house's weaknesses and strengths. That way, you can plan ahead for the home selling journey and make myriad house improvements before you list your residence.
Now, let's take a look at three tips to help you identify your house's weaknesses.
1. Analyze Your Home from a Buyer's Perspective
Oftentimes, it helps to take an objective view of your house and consider why a buyer may choose to purchase your residence over others. At the same time, you may want to think about why a buyer may shy away from your residence too.
By analyzing your house from a buyer's perspective, you may be better equipped than ever before to identify potential home problems. Then, you can take the necessary steps to address these issues. And as a result, you can boost the likelihood of enjoying a fast, profitable home selling experience.
2. Perform a Home Inspection
A home inspection may be worthwhile for a home seller, and for good reason. Conducting a house inspection enables you to receive in-depth insights into your home's condition that you may struggle to obtain elsewhere. And with a house inspection report in hand, you can prioritize home improvement projects accordingly.
Of course, if you decide to conduct a house inspection, you should hire a qualified home inspector. Perform a comprehensive search for home inspectors in your area, and you're sure to find plenty of great options. If you choose a home inspector who possesses lots of industry experience and a sterling reputation, you can conduct a house inspection and gain the insights you need to upgrade your house.
3. Employ a Real Estate Agent
If you are unsure about how to promote your residence to prospective buyers, there is no need to panic. Because if you hire a real estate agent, you can get the help you need to showcase your residence to the right groups of potential buyers.
A real estate agent is a home selling expert who is unafraid to be honest. Thus, he or she can provide unbiased home selling recommendations and suggestions and ensure you can upgrade your residence in no time at all.
Let's not forget about the assistance that a real estate agent can provide throughout the home selling journey, either. A real estate agent will help you craft an effective home listing, set up home showings and open house events and keep you up to date about any offers to purchase your residence. Plus, if you have concerns or questions as you navigate the home selling journey, a real estate agent is ready to respond to them.
For those who want to achieve the best-possible results during the home selling journey, it helps to identify a house's weaknesses as quickly as possible. Thanks to the aforementioned tips, you can immediately identify any home weaknesses and address such problems early in the home selling process.
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.