Establish a Realistic Asking Price for Your Home

Many home sellers face a dilemma. In most instances, it is important to set a competitive price for your property to stir up plenty of interest in it. Conversely, it is essential to explore ways to maximize the value of your residence.

For home sellers, establishing the right price for your house is key. By doing so, you can set a price for your home that meets your needs as well as homebuyers’.

What does it take to establish the right price for your residence? Here are three tips to ensure home sellers are equipped to do just that.

1. Study the Housing Market Closely

The housing market fluctuates constantly. As such, what your home was worth yesterday may not be what it is worth today.

If you study the housing market closely, you can price your residence based on the current real estate sector’s conditions. Thus, you’ll be better equipped than other home sellers to garner attention from homebuyers and accelerate the home selling process.

Examine the prices of comparable houses in your area, along with the prices of recently sold houses similar to your own. This will make it easy for you to establish “fair market value” for your property and price it accordingly.

Also, don’t forget to conduct a home appraisal before you add your home to the real estate market. With a home appraisal, you’ll be able to receive comprehensive insights into your home’s condition and complete home repairs to boost its value.

2. Set Home Selling Goals

Do you want to sell your house as quickly as possible? Or are you looking to optimize the value of your home, regardless of how long it remains on the real estate market?

Set home selling goals prior to adding your house to the real estate market, and you can establish a fair price for your residence.

For example, if you want to sell your house so you can relocate quickly, you may want to price your residence competitively. On the other hand, if you can afford to be patient, you can always wait out a buyer’s market to maximize the value of your residence.

3. Hire an Experienced Real Estate Agent

Your real estate agent will play a key role in your ability to sell your house and get the best price for it. And if you employ an experienced real estate agent, you should have no trouble accomplishing your home selling goals.

With an experienced real estate agent at your disposal, you can receive extensive support throughout the home selling process. This real estate professional will offer expert tips and advice to help you get your property ready for the real estate market. In addition, he or she can offer guidance about how to price your home competitively, whether to accept or reject a homebuyer’s offer and more.

Collaborate with an experienced real estate agent, and ultimately, you can simplify the process of selling your home.

How To Not Blow The Home Inspection

There are few things for a home seller that are more stressful than the home inspection. You hope and pray that everything will come out a-OK in your house so that your buyers will want to continue with the sale without asking for too many contingencies. There’s a few simple things that you can do to make sure your home inspection goes smoothly. The good news is that these tasks won’t cost you a lot of time or money. A few simple actions can save you a lot of grief in unnecessary service calls. Check out these tips to help you get through the home inspection with flying colors:

Check Your Light Bulbs

If you have a light bulb that’s simply burnt out, that could prompt the need for a check of the entire electrical system in your home. Avoid a costly visit from an electrician just by checking your light bulbs and replacing them where necessary. 

Check Your Air Filters 

The air filters in your home can be easily neglected and be a big problem in the home inspection process. Even if a filter looks a little gray, take the time to replace it. You should check your air filters and furnace filters for any potential problems like tears or excess dirt. For bonus points, you may want to just replace the filters before the inspection no matter how little dirt they have on them. Otherwise, a clogged filter can be a sign that your furnace or heating and cooling system isn’t working properly. 

Check Your Sinks

A few dollars spent on some drain unclogging chemicals is a few hundred dollars potentially saved on a plumber. Fill up your sinks with water and see how they drain. If they’re a bit slow, get the chemicals that you need to work on unclogging the drains (such as Drain-o). If there’s a funny smell coming from the drain, be sure to address it. Lemons also work wonders on everything from drains to garbage disposals. Even some baking soda and vinegar can help to clean a drain wonderfully. 

Fix Major Repairs Before Your Home Goes On The Market

If you know something pressing needs to be fixed or replaced in your home, be sure to fix it before the home even goes on the market. It’s much easier to take care of things before a buyer’s contingency and a time limit is involved. Although you may be hesitant to spend the money, you should replace certain appliances, fix the roof, or address that creaky floor before the “For Sale” sign even goes out front.

Revamp Your Unfinished Basement

Believe it or not, your unfinished basement can make or break your home in the eyes of a prospective homebuyer. And ultimately, your basement may dictate whether a homebuyer makes an offer or considers other residences.

An unfinished basement represents an opportunity for home sellers around the country. And those who devote the necessary time and resources to improve the quality of their homes’ unfinished basements could reap the rewards of a fast sale.

So what does it take to revitalize an unfinished basement? Here are three basement improvement tips that every home seller needs to know about:

1. Use floor mats.

Your basement’s concrete floor likely remains cold and unattractive. Fortunately, foam mats can help you add a splash of color and improve your basement floor’s appearance instantly.

Foam mats come in a variety of shapes and colors, ensuring you’ll be able to find mats that fit your basement floor beautifully. Plus, these mats can help you showcase the true value of your unfinished basement to prospective homebuyers.

Whether homebuyers want to use an unfinished basement as a workout area, a den or a workspace, you can leverage floor mats to create an awe-inspiring setting that helps transform a bland basement into an exceptional one.

2. Install storage.

Want to show off the massive amount of space available in your home’s unfinished basement? Installing shelves and using storage units to your advantage enables you to highlight how an unfinished basement can serve as a great storage area.

From storing sports gear to tools and everything in between, your basement can serve as a one-of-a-kind storage space that enables you to keep excess items out of sight. And with the right storage units in place, you’ll have no trouble showing prospective homebuyers what it’s like to stay organized and maximize the space available in your unfinished basement.

3. Stop the moisture.

Notice a wet, damp smell that lingers across your basement? Moisture likely is the culprit behind this odor. However, you can eliminate moisture and the associated smell by picking up a dehumidifier.

With a dehumidifier, you will be able to eliminate moisture without delay. And in the event of moisture that causes leaks and puddles in your basement, you may need to consider weatherproofing your basement to keep moisture at bay consistently.

When it comes to your unfinished basement, you’ll want to do everything you can to ensure it serves as an asset – not a liability. But those who are committed to improving the quality of an unfinished basement can take the right steps to minimize moisture and its associated odor.

Remember, your unfinished basement is an important part of your home. And even though your basement may be one of the final areas a prospective homebuyer examines, you’ll want to make this space as attractive as possible.

Enhance the quality of an unfinished basement to ensure this space can help you boost your home’s attractiveness to prospective homebuyers. By doing so, you may be able to increase your residence’s value and generate interest in your home from a wide range of homebuyers.

Tips for Beating the Competition When You Sell Your Home

Your home represents a dazzling choice in any housing market. However, real estate market conditions can change rapidly, which means you’ll want to do everything you can to ensure your house stands out from other residences in any housing sector, at any time.

What does it take to guarantee your residence will stand out from the competition consistently? Here are three tips to ensure you can improve your chances of differentiating your residence from similar homes in your area.

1. Offer a Competitive Price.

If you’d like to sell your home as quickly as possible, you may want to offer an attractive price. That way, you’re sure to improve your house’s chances of garnering plenty of interest as soon as it hits the real estate market.

Although setting a competitive price may allow you to generate interest from many homebuyers, it is important to note that you should review all of your home offers closely before you accept a bid. Ensure that any offer you accept matches your expectations. And of course, don’t be afraid to decline an offer or make a counter-proposal if an initial bid fails to meet your needs.

2. Promote Your Home to the Right Homebuyers.

Regardless of whether you own a one-bedroom, one-bathroom residence in the city or a four-bedroom, three-bathroom townhouse outside the city, you’ll want to ensure you promote your house to the right audience at the right time, every time. This will enable you to garner interest from homebuyers who may be serious about your residence and could submit an offer for your home quickly.

Consider the homebuyer’s perspective before you list your residence on the housing market. By doing so, you’ll be able to determine your target audience and market your house to this group accordingly.

There are many wonderful online platforms that you can use to promote your house to the right homebuyers as well. Facebook remains a top option, as it enables you to share photos, videos and details about your home with ease. Also, don’t forget to use YouTube to put together a video tour of your home, or email your home listing to friends and family members so they can share it with homebuyers who may be interested in your residence.

3. Employ an Experienced Real Estate Agent.

Your real estate agent will devote the necessary time and resources to help your residence stand out from similar houses in your city or town. This professional understands the local and national housing markets and will do whatever it takes to market your residence accordingly. Plus, your real estate agent can offer tips and guidance to ensure you can improve your residence’s curb appeal, revamp your home’s interior and exterior and more.

An experienced real estate agent will be able to provide you with ongoing guidance throughout the home selling process too. And if you ever have concerns or questions as you sell your home, your real estate agent will be glad to address your queries at all times.

Use the aforementioned tips, and you can help you house stand out in a crowded real estate market.