Tati DaSilva's Blog
Selling your home may seem like a relatively simple process. You hire an agent, let them take pictures and show the house to prospective buyers, accept an offer, and then close… right?
In reality, there’s a lot that goes into the selling process; especially if you want to have a smooth home sale.
Matters are further complicated by hr fact that most sellers are also in the process of buying, closing, and moving into their new home.
To make the most of your time in the weeks or months leading up to your sale, I’ve put together a list of tips that you can use to get ahead of the curve, making your sale as problem-free and simple as possible.
One of the most important lessons homeowners learn when they sell their first home is how quickly moving day creeps up on them. Make a list of all of the things you need to do before you hand over the keys, and set dates and reminders in your calendar for those tasks.
You can do this if you’re in the beginning stages of finding out when you want to sell by, or if you’re in the final stages of packing and moving your belongings to your new home. Regardless of where you are in the home sale process, you can always benefit from preparedness.
Find an agent
To get the ball rolling, reach out to a real estate agent sooner rather than later. They’ve been through this process several times before and will be able to give you advice that is catered to your specific situation.
Make sure your home is ready for sale
We all love our homes and value the time and effort we put into them. But, to get top dollar for your home and ensure a smooth sale, you’ll probably need to do some work.
This can include getting an inspection to ensure that the vital components of your home are working properly. Knowing this now can save you time and headaches if a buyer’s inspector finds an issue with your home that you weren’t aware of.
Similarly, you’ll want to make your home move-in ready by making small repairs, putting a fresh coat of paint, and cleaning up the exterior of the home.
Do your research when setting a price
Setting the price of a home is not a road you want to take shortcuts on. Research prices for comparable homes in your area, consider recent repairs you made, and value the home at what you think is a fair price.
However, don’t get too attached to one number and be prepared to adapt based on the offers you receive.
Have a moving day plan
Planning for moving day could be its own separate blog post. You’ll want to start packing things you don’t need early on in the process. Then, make arrangements for young children or pets, so that you can focus on the move rather than keeping track of everyone else.
If you've recently put your home on the market -- or are considering doing so in the near future -- home staging is a priority which will soon take front and center!
Since "presentation is everything" when trying to catch the interest of prospective buyers, it's crucial to be able to see things through their eyes.
Unfortunately, being able to accomplish that objective is next to impossible because, as a homeowner, you're looking at your home and property through a completely different lens than the rest of the world. The longer you've lived in your home, the more your objectivity is compromised.
Here are a few reasons why it's really difficult to "see the forest for the trees" when it comes to home staging:
First of all, there's the emotional aspect of owning a home and seeing your life unfold there over a period of years. That's especially true for first-time homeowners, parents of growing children, and people who have sunk a lot of money, time, and energy into improvements and customization. Once you've added personal touches to your home to reflect your own tastes, personality, and lifestyle, you're viewing your home through a unique perspective that may cloud your objectivity as a home seller.
Solution: Think Like a Business Owner
For the same reason business owners and executives hire outside consultants to tell them how to improve management efficiency or profitability, home sellers often need professional marketing guidance from a real estate agent or home staging consultant. Getting input from home decorators, landscapers, or home improvement contractors may also provide you with helpful ideas, but their recommendations may not always be the most economical and cost effective.
When staging your home to enhance eye appeal and attract the most potential buyers, a good guiding principle to keep in mind is ROI or "return on investment." While you don't want to sink more money into sprucing up and staging your home than necessary, you do want to cast it in its best possible light. Depending on how recently your home has been updated or improved, your investment in home staging may be relatively inexpensive. On the other hand, if you haven't updated, repaired, or made improvements for more years than you care to remember, the cost of making your home irresistible to buyers may be a lot higher!
One More Scenario
If your tastes could be described as eclectic, "off the wall", or otherwise out of the mainstream, you might need to consider a major overall in the look and feel of your property. Unless you're lucky enough to have it be a "sellers' market" at the time you're putting your house up for sale, it's generally advisable to make your home appealing to as wide a range of potential buyers as possible. An experienced real estate professional is usually in the best position to provide the guidance you need to accomplish that key objective.
If you decide you're ready to purchase your dream house, you should submit a competitive homebuying proposal from the get-go. Otherwise, you could risk missing out on the opportunity to acquire your ideal residence.
Submitting an offer to purchase your ideal house that meets the expectations of a property seller can be simple. Now, let's take a look at three tips to help you craft a competitive offer to purchase your dream house.
1. Examine the Local Housing Market
The price of a home in a big city may prove to be much higher than the price of a comparable house in a small town. Much in the same vein, a housing market that features an abundance of sellers is likely to be far different from a market that includes many buyers. However, if you assess the local housing sector closely, you can identify real estate market patterns and trends and craft your homebuying proposal accordingly.
Oftentimes, it helps to look at the prices of recently sold houses in the city or town where you want to live. You also may want to find out how long these homes were available before they sold. That way, you can differentiate a buyer's market from a seller's one and put together a competitive offer to purchase based on the present's real estate sector's conditions.
2. Analyze a Home's Age and Condition
A brand-new home may prove to be more expensive than an older house that is in need of major repairs. Comparatively, a recently renovated house is likely to be a great choice for buyers who want to avoid property repairs, while a "fixer-upper" home may be a top option for those who are ready to tackle property repairs on their own.
As you analyze a home's age and condition, you should consider how much you are willing to pay for this residence. It sometimes helps to consider potential home upgrades and repairs that may need to be completed. And if you evaluate possible home improvement costs, you can account for these expenses in your offer to purchase.
3. Consult with a Real Estate Agent
A real estate agent is a homebuying expert, and his or her goal is to ensure you can acquire a great house at an affordable price. Thus, if you collaborate with a real estate agent, you can put together a competitive offer to purchase in no time at all.
Typically, a real estate agent will offer housing market insights that you may struggle to find elsewhere. And when you're ready to submit an offer to purchase your dream home, a real estate agent will help you craft a homebuying proposal that is sure to get a seller's attention. Plus, a real estate agent will negotiate with a seller's agent to help you get the best price on your ideal house.
Ready to submit an offer to purchase your dream home? Use the aforementioned tips, and you can put together a competitive homebuying proposal and quickly accomplish your homebuying aspirations.
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