Judy Rivard's Blog
Selling a house may prove to be a long, complicated process. Fortunately, those who craft a house selling strategy can determine the steps they will need to take to accomplish their desired results.
A home selling strategy may prove to be a must-have. Because if you enter the real estate market with a plan in place to sell your residence, you could boost the likelihood of getting the best price for your home.
Ultimately, there are several factors you need to consider as you develop a house selling strategy, and these include:
1. Your Home's Condition
For those who want to speed up the home selling journey, it generally helps to perform property upgrades. That way, you can ensure your house stands out to dozens of potential buyers.
To upgrade your home's curb appeal, you should mow the lawn, trim the hedges and repair any cracked or damaged siding. These improvements usually are simple to complete and may help you make your residence more attractive than comparable available houses.
Meanwhile, to enhance your home's interior, you should clean as much as you can. With a neat, tidy home interior, your house can make a positive impression on buyers as soon as they walk through the front door.
2. Your Initial Asking Price
The initial asking price for your home may have far-flung effects on your house selling experience. Because if your initial home asking price is too high, you risk alienating potential buyers. Worst of all, your home may linger on the real estate market for many weeks or months, and you may need to lower your residence's price to facilitate a sale.
To price your home competitively, it typically is helpful to study the local housing sector. Find out how your residence stacks up against comparable available houses in your area, and you can determine how to price your home.
You also may want to conduct a home appraisal. By doing so, you can obtain a property valuation to help you decide the optimal initial home asking price.
3. Your Home Selling Timeline
Consider how much time you have to sell your residence – you will be happy you did. If you understand your house selling timeline, you can find ways to maximize the time and resources at your disposal.
If you need to move from your current home as soon as possible, for instance, you may need to be aggressive to promote your residence to buyers. On the other hand, if you can afford to be patient, you may be able to take a wait-and-see approach to obtain the best-possible offer to purchase your residence.
Lastly, as you get set to sell your home, you may want to hire a real estate agent. This housing market professional can teach you what it takes to sell a home in any city or town. He or she will even help you craft an effective house selling strategy, thereby ensuring you can quickly and effortlessly sell your house any time you choose.
If you're in the process of preparing your home for the real estate market, get ready to roll up your sleeves and make your home as irresistible as possible!
While this may sound like an enormous undertaking that you don't have the time or energy to tackle, remember one thing: When you put your home up for sale, there's a lot at stake!
Generally, the longer your house stays on the market, the less marketable it becomes. If potential buyers learn that your house has been on the market for longer than, say, a few months, one of the first questions they'll ask or think will be "What's wrong with it?" Once questions like that start arising, the overall appeal of your home begins to decline. As you can imagine, your ability to get the highest possible price for your house also weakens over time. That's why it's important to do everything possible to enhance the look and feel of your home.
Home Staging Counts
Although effective home staging can be a crucial aspect of selling your house quickly, there is a point at which diminishing returns may come into play. Few home sellers have unlimited time and money to invest in staging their home, and it's easy to go above and beyond what's actually necessary to secure a buyer.
There are dozens of variables that affect a house selling strategy, including the real estate market and the condition of your home. If it's a "buyers' market" and there are a lot of comparable houses for sale in your neighborhood, then you might have to work a little harder to make your home stand out and attract offers. If you're fortunate enough to be in a desirable area and not facing a lot of competition from other home sellers, then the law of supply and demand should work in your favor! However, it's still important to make the most of your property's curb appeal and the overall appearance of your home's interior.
The cost of home staging can range from a few hundred dollars to thousands, but your real estate agent can provide invaluable guidance on how to cost-effectlively maximize the "eye appeal" of your house and property. While perfection is generally an unattainable standard in home staging (or anything else), optimal results only come from putting your best foot forward.
Several words to remember and be guided by when preparing a house for sale are "immaculate", "spotless", "manicured" (lawn), "fresh" (looking and smelling), "updated", "well-maintained", and "charming". If prospective buyers are using those words and phrases to describe your home, then you know you're on the right track! Your agent can provide you with helpful insights and suggestions for making a great impression on potential buyers -- without having to spend more on home staging than necessary!
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The neighborhood you live in has just as much to do with the value of your home as the features of the house itself. The right amenities in a community can increase the value of your home significantly. Read on to find out the most desirable features of any area.
Places To Walk
Whether it’s immaculate sidewalks, hiking trail, or parks, anywhere that you can be outdoors and walk easily increases the value of the nearby homes. This is because it’s great for families to get out, get some exercise, and not have to go very far. This feature can bring in anywhere from a few hundred to over a thousand dollars above your home’s asking price.
We often take trees for granted, but trees that have grown up around a property can add some value to the home. Think of it in the context of, however natural a neighborhood is, the higher the value of the homes in it. Before you think about cutting down any trees around your house, consider the fact that grown trees can increase the cost of a home by up to 5%!
Neighborhoods that are surrounded by historic districts, landmark homes, or other places of historical interest have the higher value. For one, these are usually walkable neighborhoods. Second, your area has a story unlike any other. It’s a fun place to get out and explore. All homes in these historic districts aren’t ancient; you can find some newer construction homes in these areas, which means that there’s truly something for everyone!
A dog-friendly neighborhood is a valuable neighborhood. People love places that they can take their dogs like dog parks. This especially holds true in the city where yard space is limited. Even better is a neighborhood where dogs can be seen in restaurants and coffee shops. If you can drive around the block and see people walking dogs everywhere, it’s a good bet that it’s dog-friendly! People love their pets and want them to be a part of the family, so they need to live in a place that allows them to do that.
All The Essentials
If your neighborhood is near all of the essential things that people need on a daily basis, your home’s value may increase. Places like grocery stores, pharmacies, shopping malls, hospitals, and safety support services all play a role in improving the value of homes in a neighborhood.
A Sense Of Community
If a neighborhood has community groups, a neighborhood watch, or other organizations that help to bring about a community feel, your home may be a bit more valuable than you think it is.