Chris Lorenzen's Blog
Looking to sell a home for the first time? Ultimately, a first-time home seller must be able to identify a strong offer for his or her residence. With extensive real estate insights, a first-time home seller may be better equipped than others to accept a strong offer and accelerate the home selling cycle.
Identifying a strong offer for a home can be quick and easy – even for a first-time home seller.
Now, let's take a look at three tips to help a first-time home seller differentiate between a strong offer and a poor one.
1. Analyze the Housing Market
The housing market can be complex, particularly for a first-time home seller. Fortunately, many free, easy-to-access resources are available to help a home seller learn about the ins and outs of the housing sector so he or she can plan accordingly.
For example, a home seller can check the prices of homes available in his or her area via a simple online search. This home seller can even find out how long a particular house has been available, whether the price of a home has been reduced over time and much more.
With in-depth knowledge of the real estate market, a home seller can study how his or her residence stacks up against the competition. Then, this home seller can establish a competitive price for his or her home, increasing the likelihood that he or she will receive a number of strong offers.
2. Understand Your Home Both Inside and Out
A home appraisal is a must for a first-time or experienced home seller, and perhaps it is easy to understand why.
During a home appraisal, a property inspector will take a close look at a house's interior and exterior. This inspector will provide a report at the appraisal's completion that highlights a house's strengths and weaknesses too.
For a home seller, an appraisal offers a valuable learning opportunity. It enables a home seller to gain deep insights into a home's condition that he or she may struggle to obtain elsewhere. That way, a home seller can complete assorted home repairs before listing a residence and boost his or her chances of receiving multiple offers that exceed a house's initial asking price.
3. Consult with a Real Estate Agent
A first-time home seller should meet with a real estate agent and discuss the differences between a strong offer and a poor one.
Thanks to a real estate agent, a home seller can seamlessly navigate the entire property selling journey as well.
Typically, a real estate agent will help a home seller establish a fair price for a residence from the get-go. This housing market professional also can offer helpful tips throughout the home selling journey to ensure a home seller can get the best possible results.
Don't leave anything to chance as you prepare to list a residence for the first time. Instead, take advantage of the aforementioned tips, and a first-time home seller should have no trouble distinguishing between a strong offer and a subpar proposal.
If you're ready to sell your home, you may wonder if the time is right. Timing is truly everything when you’re selling a home. If you have some flexibility, it might be a good idea to wait to sell your home. Even with time constraints, there are a few strategies to employ that can help you find the sweet spot in your time frame.
The Month Matters
It’s widely accepted in the real estate community that the best time to sell a home is in the spring. Since people want to get moved in over the summertime, May could be the best month of the year to put your home on the market.
Springtime offers favorable weather conditions in most places. The good weather means that it’s easy for buyers to get to open houses. Homes will also look more attractive with green grass and flowers blooming. Parents also want to get their kids settled into a new home and new neighborhood over the summer months before they start a new school.
The favorable conditions along with the urgency of springtime buyers translate into more competition which equates to a better price tag for your home because buyers are willing to pay more due to the anxiety of wanting to find a place.
The Day Of The Week Matters
Most buyers start looking for homes when they have free time which is generally on the weekend. That means the end of the week- preferably a Thursday- is a good day to pick to list your home. Homes that were listed earlier in the week will be farther down on the search page. Buyers will be more likely to see your listing first the later in the week that it’s listed.
Consider Your Needs
While timing is a good marketing strategy to sell your home, you need to go by your own timeline. If you need to move due to a job change or other life circumstances, you can’t wait to sell. There are pros to selling during many different times of the year; it just may not be as busy or competitive on the buyer’s side of things. Selling your home fast might not be a sure thing. No matter what time of year you decide to sell your home, just make sure it’s inviting to buyers.
A home listing often introduces a homebuyer to a residence. It may include home photos, a brief home description and details about various home features and amenities. As such, an effective home listing is a must-have, particularly for a home seller who wants to stir up plenty of interest in a residence.
Ultimately, there are several best practices to consider when you create a home listing, and these include:
1. Provide Accurate Information
Learn about your home, and you can provide accurate information about your residence in your home listing.
If you're unsure about your home's condition, it often pays to complete a home appraisal. That way, a property appraiser can evaluate your residence both inside and out, identify any problem areas and offer a property valuation.
Furthermore, if you recently completed assorted home improvements, you should include information about these upgrades in your home listing.
Whether it's new windows that you installed throughout your residence or an updated home air conditioning system, including details about various home upgrades in your home listing could help your residence stand out to potential buyers.
2. Include High-Quality Photos
You don't need to be a professional photographer to capture high-quality photos of your house. In fact, many smartphones and tablets feature first-rate cameras, and you can use these mobile devices to take photos of your house's interior or exterior.
As you photograph your home, remember the homebuyer's perspective. For instance, a homebuyer likely wants to see photos of a clean, pristine kitchen and other awe-inspiring images of your house. If you clean and declutter your house before a photo shoot, you can increase the likelihood that your home photos will capture homebuyers' attention.
On the other hand, if you want professional assistance, you can always reach out to a real estate photographer as well. A real estate photographer can offer home photo recommendations and suggestions and help you capture photos that show off the true size and beauty of your residence.
3. Collaborate with a Real Estate Agent
A real estate agent knows what it takes to craft an effective home listing. Therefore, if you collaborate with a real estate agent, you should have no trouble creating a home listing that hits the mark with homebuyers.
Typically, a real estate agent will meet with you, learn about your home selling goals and plan accordingly. He or she then will use the information that you provide to develop an engaging home listing.
With a real estate agent at your side, you can seamlessly navigate the home selling journey too.
For instance, a real estate agent will host open houses and set up home showings to promote your residence to homebuyers. Plus, he or she will keep you up to date about any home offers and provide expert advice at each stage of the home selling journey.
Creating an effective home listing may seem difficult. Fortunately, if you use the aforementioned best practices, you can craft a home listing that can help you generate substantial interest in your residence.
Selling a house may prove to be problematic, particularly for individuals who fail to allocate time and resources to learn about the real estate market. Lucky for you, we're here to help you navigate the housing sector and ensure you can avoid home selling crises.
Now, let's take a look at three tips to help you list your residence and maximize its value.
1. Create an Informative House Listing
Think about your house's pros and cons. Then, you can put together an informative home listing that makes it easy for buyers to fall in love with your residence.
Of course, when you craft a home listing, it pays to be honest. If you include pertinent, accurate house information in your listing, you can help buyers determine whether your residence is the right choice.
Don't forget to incorporate high-resolution photos into your house listing too. If you include home listing photos that showcase the size and beauty of your house, many buyers soon could set up showings to view your residence.
2. Conduct a House Appraisal
When it comes to selling your house, it helps to establish an aggressive initial asking price. That way, you can list your house at a price that matches or exceeds buyers' expectations.
Establishing an aggressive initial asking price for your home, however, may prove to be difficult. But if you conduct a house appraisal, you can get a home valuation from a property expert to help you set a fair price for your residence.
In many instances, a homeowner can receive a house appraisal report within a few days. Once you have this report at your disposal, you can review your property valuation and set an aggressive initial asking price for your home.
3. Employ a Real Estate Agent
There is no need to embark on the home selling journey alone. Thankfully, you can hire a real estate agent who is unafraid to be honest with you at each stage of the home selling cycle.
A real estate agent understands exactly what it takes to sell a house, regardless of the present housing market's conditions. As such, he or she will work with you to determine the best way to streamline the home selling journey.
Oftentimes, a real estate agent will learn about you and your home selling goals. He or she then will craft a custom home selling strategy designed to help you achieve the optimal results. Next, a real estate agent will promote your residence to dozens of potential buyers and set up home showings and open house events. And if you receive an offer to purchase your home, a real estate agent will help you examine the pros and cons of this proposal and make an informed decision.
Don't let problems get the best of you during the home selling journey. Instead, use the aforementioned tips, and you can reduce the risk of problems that otherwise can prevent you from enjoying a fast, profitable house selling experience.
The home selling journey sometimes can be long and complicated. Lucky for you, we're here to address home selling challenges and ensure you can seamlessly list your house and maximize your home sale earnings.
Now, let's take a look at three tips to help you approach the home selling journey with confidence.
1. Learn About Your Home's Strengths and Weaknesses
Let's face it – even though you've allocated significant time and resources to upgrade your home over the years, your house is far from perfect. Fortunately, if you take an objective look at your residence, you can identify problem areas and address them before you list your house.
In many instances, it helps to conduct a house inspection prior to adding a home to the real estate market. This inspection enables a property expert to assess your residence and provide valuable feedback. Then, you can use a home inspection report to prioritize house improvements.
For home sellers, it is important to do everything possible to transform various home weaknesses into strengths. If you perform home repairs, you may be able to boost your house's value. Plus, completing home repairs may help you differentiate your residence from the competition and speed up the house selling journey.
2. Analyze the Real Estate Market
The real estate market moves quickly, and a buyer's market today could morph into a seller's market tomorrow, or vice-versa. If you learn about the real estate market, however, you may be able to identify opportunities to distinguish your residence from comparable houses in your city or town.
For example, if you find that houses are selling at or below their initial asking prices and take many weeks or months to sell, you may be operating in a buyer's market. To differentiate your house in a buyer's market, you may want to upgrade your residence's curb appeal. Also, it may be beneficial to set an aggressive initial home asking price that is sure to garner buyers' attention.
3. Work with a Real Estate Agent
When it comes to selling a residence, it helps to work with a housing market expert. If you hire a real estate agent, you can get the help you need to streamline the house selling journey.
A real estate agent is dedicated to helping you achieve the best-possible results. He or she first will learn about your home selling goals and craft a custom house selling strategy for you. Next, a real estate agent will promote your residence to the right groups of prospective buyers and set up home showings and open house events. And if you receive an offer to purchase your home, a real estate agent will provide a recommendation about whether to accept, reject or counter this proposal.
If you need assistance as you get ready to sell your home, you may want to contact a real estate agent. By working with a real estate agent, you can receive extensive support as you navigate the house selling journey.