Philip & Hrono Partners' Blog
Let's face it – selling a home in a buyer's market is far from ideal. In this scenario, a home seller likely will compete with many property sellers to promote his or her residence. And despite a home seller's best efforts, there are no guarantees that he or she will be able to maximize the value of a residence.
A buyer's market often is a dream come true for property buyers and a worst nightmare for property sellers. Lucky for you, we're here to help you navigate a buyer's market and ensure you can get the best price for your home.
Now, let's take a look at three tips that every home seller who is operating in a buyer's market needs to know.
1. Complete a Home Appraisal
A home appraisal offers a valuable opportunity for a home seller because it enables this individual to identify a property's strengths and weaknesses. That way, a home seller can find the best ways to enhance a residence and help it stand out from other available properties.
Typically, a home appraiser will inspect a residence both inside and out. After the evaluation is completed, the home appraiser will provide a home seller with a report that describes problem areas that were identified during the assessment.
A home appraisal report can make a world of difference for a home seller, particularly in a buyer's market. With this report in hand, a home seller can work toward enhancing a house's interior and exterior.
2. Establish a Competitive Price for Your Residence
What you paid for your home a few years is unlikely to match the value of your house today. Meanwhile, a home seller should set a competitive price for a residence to ensure that his or her house stirs up plenty of interest from homebuyers.
To determine a competitive price, examine the prices of comparable homes that are currently available in your area. This will help you establish a price range for houses similar to your own.
Furthermore, check out the prices of recently sold homes in your city or town. This housing market data can help you make an informed decision about how to price your residence.
3. Work with an Experienced Real Estate Agent
An experienced real estate agent is unafraid to list a home in a buyer's market. In fact, this housing market professional knows exactly what it takes to sell a residence in any real estate market, at any time.
Thanks to an experienced real estate agent, you can streamline the home selling process. This real estate professional will showcase your house to the right groups of property buyers consistently. He or she also will set up home showings and open houses, negotiate with property buyers on your behalf and do everything possible to help you optimize the value of your residence.
Take the guesswork out of selling a home in a buyer's market. Use these tips, and you can keep things simple as you sell your residence.
Avon, MA 02322
Malden, MA 02148
Do you have an old garden shed in your yard that's outlived its original purpose? Perhaps your gardening tools and supplies have moved on to a new shed or been relocated to a convenient spot in the corner of your garage. If so, you may be considering tearing down your old shed. After all, these structures can harbor rodents and become safety hazards as well as detract from the overall aesthetic of your outdoor living space — even the most well-kept yard and garden space won't provide good curb appeal if a dilapidated garden shed is a part of the picture. Here's how you can take yours from sloppy to sensational in just one weekend.
First Things First
The first thing you need to do is walk around the outside of the structure to check for peeling paint, cracked windows and any other cosmetic issues that need attention. After that, enter the inside to ensure that it's stable and level so that you can fix any structural issues such as loose floorboards. Remove any residual gardening tools and supplies and sweep the place clean. You may have to get out the shop vac if debris has been allowed to accumulate for a long period of time.
Repair and Restore
The next step is to repair anything that needs it. Most old garden sheds are made from pretty sturdy stuff that holds up well, but the roof and the steps are likely to need some attention if the structure has been neglected for several years, so you might have to replace a few shingles and shore up the steps. Make it look new again with paint or siding, and add decorative elements like window boxes brimming with flowering plants. If you're going to use it as a backyard getaway or playhouse, provide carpeting, wall art and furnishings. Let your imagination lead the way, but be sure to keep the end result in line with the design of the rest of your home.
Add a finishing touch to your garden shed renovation project by installing foundation landscaping. Simply dig a trench around the structure, plant your plants, fill it in, and cover with an attractive mulching material such as colored pebbles or oyster shells. For old-school cottage garden charm, plant climbing roses or clematis. If your yard is more of a formal affair, choose something classic like boxwood. To add balance and extend the space, consider adding a small patio with potted plants and a comfortable seating area.
Once you finish giving your garden shed its makeover, don't forget to pour yourself a refreshing beverage to enjoy while you admire the results of your hard work.
Ready to acquire your dream house? Before you embark on a home search, it often helps to establish a homebuying wish list. That way, you can narrow your house search and discover your dream home without delay.
Now, let's take a look at three factors to consider as you craft your homebuying wish list.
1. Home Size
Home sizes vary. As such, you'll want to consider your living situation closely to ensure you can find a house in a size that suits you perfectly.
Remember, a three-bedroom house may be too big for a single person. Much in the same vein, a one-bedroom home is unlikely to meet the needs of a family of five. But if you consider your living situation ahead of time, you can determine what size home to buy.
2. Home Location
Do you want to own a house that is located just minutes from your office in the city? Or, would you prefer a home in a small town? Think about where you want to live, and you can tailor your home search accordingly.
Keep in mind that home prices will vary based on location. Oftentimes, houses in or near major cities are more expensive than similar homes in small towns. At the same time, homes close to top schools or attractions may prove to be more expensive than others.
3. Home Exterior and Interior Features
Consider the home exterior and interior features that you want – you'll be glad you did. If you evaluate home exterior and interior must-haves, you can create priorities as you search for your dream house.
For instance, buying a house that features a central air unit may be a top priority if you plan to relocate to a warm-weather region. On the other hand, you might want to purchase a house that features an in-ground swimming pool, but you can live without this outdoor amenity if necessary.
A homebuying wish list is essential, regardless of where you choose to pursue houses. In addition, if you require extra help as you get ready to enter the housing market, you may want to employ a real estate agent.
With a real estate agent at your side, you can boost your chances of acquiring a top-notch house at a budget-friendly price. A real estate agent will allocate the necessary time and resources to learn about your homebuying goals. Then, this housing market professional can help you streamline your home search.
Furthermore, a real estate agent will provide expert assistance throughout the homebuying journey. He or she will set up home showings, help you submit offers on homes and handle homebuying negotiations. And if you ever have homebuying questions, a real estate agent is happy to respond to them at any time.
Make your dream of purchasing a home come true – consider the aforementioned factors, and you can create a wish list to help you accomplish your homebuying goals.