Rachel Lutts' Blog
If you receive an offer to purchase your home, you may have only a limited amount of time to decide whether to accept this proposal. As such, there are several factors you'll want to consider to determine whether to approve an offer to purchase your home. These factors include:
1. The Price of Your Home
If you established a competitive initial asking price for your home, you should have no trouble determining whether an offer to purchase falls in line with your expectations. Thus, if an offer to purchase your home is at or above your residence's initial asking price, you may want to accept a buyer's proposal and move forward with a house sale.
Of course, if an offer to purchase your house falls below your residence's initial asking price, you should still evaluate the proposal closely. If you feel the offer to purchase is the best proposal you might receive, you may want to accept it.
2. The Current State of the Local Housing Market
Examine the current state of the local housing market – you'll be glad you did. If you discover you are operating in a buyer's or seller's market, you can assess an offer to purchase your home accordingly.
If you find a buyer's market is in place, you may be more inclined than ever before to accept a competitive offer to purchase your home. Because in this market, the number of sellers exceeds the number of buyers, and rejecting a homebuying proposal does not guarantee you will receive better offers to purchase in the near future.
Comparatively, if a seller's market is in place, you may want to take a wait-and-see approach to any offers to purchase your residence. In this market, the number of buyers exceeds the number of quality houses available. As a result, you may receive dozens of offers to acquire your residence if you wait for the local housing market to develop.
3. Your Home Selling Goals
You should feel good about accepting an offer to purchase your house. Therefore, if an offer to purchase enables you to achieve your home selling goals, you may want to accept it sooner rather than later. By doing so, you can take the next step to finalize your house sale.
As you debate how to proceed with an offer to purchase your house, you may want to consult with a real estate agent too. This housing market professional may be able to offer housing market insights that you won't find anywhere else. Plus, he or she can provide honest, unbiased home selling recommendations. And if you ultimately decide to accept an offer to purchase your residence, a real estate agent can guide you along the final stages of the property selling journey.
There is no reason to settle for a subpar offer to purchase your house. But if you consider the aforementioned factors, you can make an informed decision about whether to accept, reject or counter a homebuying proposal.
As a home seller, it is important to make your house a must-have for buyers. Otherwise, your home may linger on the real estate market for an extended period of time. Worst of all, you may struggle to optimize your house sale earnings.
Ultimately, there are lots of things you can do to make your house an attractive option to dozens of prospective buyers, including:
1. Upgrade Your Home's Curb Appeal
Curb appeal is crucial, particularly for a seller who wants to stir up significant interest in his or her residence. If you allocate time and resources to upgrade your house's curb appeal, you could help your residence stand out from other available homes.
It generally won't take long to improve a house's curb appeal. In some instances, a seller can mow the lawn, trim the hedges and perform minor lawn care tasks to transform a house's exterior. Also, it may be beneficial to repair or replace any damaged home siding.
2. Eliminate Clutter
If your home is loaded with personal belongings, you may want to remove these items. That way, you can show off the full size of your home to buyers during showings and open house events.
To cut down on clutter, you can rent a storage unit and use it to hold various personal belongings until your residence sells. In addition, you can always donate any unwanted items to charity, give them to family members or friends or sell them as part of a yard sale.
3. Enhance Your Home's Interior
A neat, tidy home interior can make a world of difference in buyers' eyes. Thus, if you clean your residence from top to bottom, your house could impress buyers as soon as they walk through the front door.
Of course, if you need help with upgrading your house's interior, you can employ a home cleaning company. By shopping around for home cleaning companies in your city or town, you are sure to find a professional cleaning firm that offers the right combination of affordability and convenience.
As you get set to navigate the home selling journey, don't forget to hire a real estate agent, either. If you have a real estate agent at your side, you can receive plenty of support as you try to generate buyers' interest in your house.
A real estate agent understands what it takes to promote a house to the right groups of prospective buyers. As such, he or she will craft a custom home selling strategy designed to help you showcase your residence to potential buyers. Plus, a real estate agent will host house showings and keep you up to date with buyer feedback. And if you receive an offer to purchase your home, a real estate agent will help you weigh the pros and cons of accepting this proposal.
Ready to sell your house? Take advantage of the aforementioned tips, and you can seamlessly navigate the home selling journey.
When you sell something, you expect to make a profit on the sale. It doesn’t quite always work this way when you sell a home. While you may count the sale of your home as “all profit,” there will be some significant upfront costs that you’ll incur when it comes to selling your home. Planning the sale of your home can help you to manage these expenses and sell your home faster.
The first costs that you will incur when you’re selling a home will usually be of the cosmetic and repair nature. These will include things like painting, small fixes, and
Paint Your Home
Although you may love the bright green living room, another homebuyer may not. It would be worth your investment to stage your home well. An important renovation might include painting the rooms on the inside of your home neutral colors. Refreshing the trim on your windows also helps to make the interior of your home shine. You can paint around the windows for a quick update to the inside of your home. Paint can cost anywhere from a few hundred dollars to over $1,000.
If you wash your windows, it could add some value to your home and help it sell faster. When the windows sparkle, they will undoubtedly make a very positive impact on the buyer. Get rid of dust, dirt and grime, especially from the obvious spaces in your home.
The outside of your home is also very important. Do some quick yard maintenance for a better look for the exterior of your home. Rake up the leaves. Trim the bushes. Mow the lawn. Make your home appear as pristine as possible.
Anything that needs to be repaired in the home should be. This will help you out during the inspection period. Things like leaky sinks, cracks in the walls, and holes in the roof are obvious and should be addressed before your home even goes on the market.
Stage Your Home
Take the time to make sure all of your furniture is arranged in a neat manner. The rugs should be streamlined with the chairs and tables. If things look a little cramped in any room, either take a piece of furniture out or move the room around in order to make it appear more spacious.
Keep Your Utilities Running
If you need to move out before you get your home sold, make sure that you leave your utilities on. This way, there’s lights and heat available for potential buyers as they walk through the home to discover if they can see themselves living there.
A home seller may dread the thought of dealing with an aggressive property buyer, i.e. an individual who submits many requests for property improvements or price reductions prior to the closing of a home sale. Fortunately, we're here to help you take the guesswork out of dealing with an aggressive homebuyer.
Now, let's take a look at three tips to help a home seller get the best-possible results when he or she deals with an aggressive property buyer.
1. Keep Your Cool
Let's face it – an aggressive homebuyer may test your patience. But if you remain calm, cool and collected when you deal with an aggressive homebuyer, you may be better equipped than ever before to accomplish your desired home selling results.
Remember, the ultimate goal of the house selling journey is to maximize your property sale earnings. If you remain open to communication with a buyer, both you and this individual can work together to find common ground. And as a result, you and a buyer can collaborate to achieve the optimal results.
2. Know Your Options
If a buyer makes exorbitant requests during the home selling journey, it is important to keep in mind that you have options. And if problems start to escalate, you may be able to walk away from a property selling agreement.
For example, if an aggressive buyer conducts a home inspection and asks for a massive price reduction following the evaluation, you can still negotiate with this buyer. And if you and the buyer cannot come to terms, there is no need to stress. At this point, you can move on from a potential home sale and re-list your residence.
3. Hire a Real Estate Agent
Dealing with an aggressive homebuyer can be worrisome. For sellers who want to avoid the potential dangers associated with dealing with an aggressive buyer, it may be beneficial to hire a real estate agent.
In addition to guiding you along the property selling journey, a real estate agent is happy to help you negotiate with a buyer and his or her agent. That way, you can boost the likelihood of enjoying a quick, profitable house selling experience.
Typically, a real estate agent will serve as a liaison between you and a buyer. And if a buyer requests property upgrades or a price reduction prior to closing day, a real estate agent can offer recommendations about how to proceed with these requests.
A real estate agent also is available to respond to any of your home selling concerns or questions. This housing market professional understands the property selling experience can cause a seller to worry, especially if this individual is forced to deal with an aggressive buyer. But with a real estate agent's assistance, a seller can take the necessary steps to minimize potential property selling hurdles.
Simplify a negotiation with an aggressive homebuyer – use the aforementioned tips, and any home seller can seamlessly navigate a negotiation with any buyer, at any time.
If you intend to sell your house, you'll need to put together an engaging home listing. By doing so, you can increase the likelihood that homebuyers will want to check out your residence in-person – something that eventually may lead to a home sale.
It is important to do everything possible to differentiate your home listing from others. This will boost your chances of a fast home sale, along with raise the possibility of receiving a home offer that matches or exceeds your initial expectations.
Ultimately, there are several things that separate an ordinary home listing from an exceptional one, and these include:
1. Home Location
All home listings include details about a home's address. However, only the best home listings highlight information about where a residence is located relative to popular landmarks and attractions.
For example, if your house is located near some of the state's top schools, you may want to include information in your home listing about your home's proximity to these high-quality schools. With this information, your home listing may stand out to parents.
On the other hand, if your residence is just minutes from an amusement park, gym or other popular local attractions, you should include this information in your listing as well.
2. Home Upgrades
If you upgraded your house's heating system or installed new windows only a few years ago, it may be worthwhile to incorporate this information into your home listing.
Remember, as a home seller, you'll want to provide homebuyers with as much information about your residence as you can. And if you include details about assorted home upgrades, you can show homebuyers that you've allocated significant time and resources to improve your residence.
3. Home Photographs
When it comes to home photographs, there is no need to settle for "basic" pictures. Instead, a home seller should look carefully at home photographs and incorporate only those that showcase the true beauty of a residence into a home listing.
In many instances, a homebuyer will examine home photographs before he or she decides whether to continue to read a home listing. If a homebuyer is turned off by home photos that make a residence look small or cramped, he or she may move on to other home listings.
For home sellers, it is paramount to clean and declutter a house before you take photos of it. This will ensure your residence looks pristine both inside and out and guarantees that your home photos can make a distinct impression on homebuyers who view your home listing.
Lastly, if you need help preparing a home listing, a real estate agent can provide expert assistance. This housing market professional can collaborate with you as you put together a home listing and offer plenty of tips and recommendations along the way.
Take the guesswork out of crafting an effective home listing – consider the aforementioned home listing items, and you can create a home listing that helps you stir up significant interest in your residence.