Philip & Hrono Partners' Blog
If you own a city home but are ready to relocate, now may be a great time to list your residence. In fact, there are many reasons why an individual may choose to sell his or her city residence, and these include:
1. You want to downsize or upgrade.
Although your city house likely has served you well for many years, it may become too big or too small for you due to changes in your living situation. Fortunately, if you sell your city residence, you can downsize or upgrade as needed.
If you decide to list your city house, it helps to plan ahead as much as possible. Therefore, if you craft a property selling strategy, you can determine what steps you'll need to take to quickly sell your city home and maximize your house sale earnings.
2. You want to live closer to family members and friends.
Your city home probably provides convenient access to a wide array of attractions and landmarks. But in some instances, a city residence may be far away from family members and friends.
If you want to live closer to loved ones, there is no need to worry. By listing your city home, you can take the first step to relocate closer to family members and friends outside the city. And after you sell your city house, you may be able to reap the benefits of quick, easy access to loved ones.
3. You are tired of the hustle and bustle of the city.
Let's face it – the city is a busy place. A city home may have seemed like a fun, exciting place to live, at least at first. But if you've grown tired of the hustle and bustle of the city, you may want to sell your current residence and relocate to a new home in a small town.
If you know how to promote your city home to the right groups of potential buyers, you should have no trouble stirring up interest in your house. And if your city residence boasts amazing curb appeal and a stunning interior, you could boost the likelihood of a fast, profitable home selling experience.
As you get ready to list your city home, you may want to hire a real estate agent. With this housing market professional at your side, you can achieve the best-possible results throughout the home selling journey.
A real estate agent will allocate time and resources to learn about you and your city residence. Next, he or she will craft a personalized home selling strategy designed to help you achieve your property selling goals. And if you have any concerns or questions as you put your house selling plan into action, a real estate agent is happy to address them.
Take the guesswork out of selling your home in the city. Employ a real estate agent today, and you can receive comprehensive support as you list your city home and navigate the property selling journey.
A home seller must consider the initial asking price of his or her residence closely. Because if a home seller sets an unrealistic initial asking price, he or she risks alienating potential buyers.
Now, let's take a look at three tips to help you set a realistic initial asking price for your house.
1. Review the Local Housing Market
The local housing market may favor buyers or sellers. Fortunately, if you analyze the local housing sector, you can differentiate a buyer's market from a seller's market – or vice-versa – and price your house accordingly.
In a buyer's market, there is an abundance of quality residences and a shortage of buyers. And if you're operating in a buyer's market, you may need to price your house aggressively to stir up interest in it.
Comparatively, in a seller's market, there is a shortage of quality residences and an abundance of buyers. In a seller's market, you may be able to generate lots of interest in your house, even if you set an above-average price for it.
Regardless of whether you're operating in a buyer's or seller's market, you should assess housing sector data. Find out how your residence stacks up against available houses in your city or town that are similar to your own. Then, you may be better equipped than ever before to set a competitive initial asking price for your home.
2. Conduct a Home Inspection and Appraisal
By performing a home inspection, you can receive comprehensive insights into your house's condition. Following an inspection, you can prioritize home repairs. Plus, you can use an inspection report to help you determine how to price your residence.
In addition, you can conduct a home appraisal prior to listing your residence. Thanks to an appraisal, you can receive a property valuation. And as a result, you can use this property valuation to price your house appropriately.
3. Consult with a Real Estate Agent
A real estate agent understands the ins and outs of the housing market. Thus, he or she can help you establish the right price for your house.
Ultimately, a real estate agent is unafraid to be honest with a house seller. He or she will teach a seller about the housing market and provide unbiased recommendations about how to price a residence. Best of all, a real estate agent will promote a house to prospective buyers and ensure a seller can get the best price for his or her home.
Let's not forget about the assistance that a real estate agent can provide during a negotiation, either. A real estate agent is happy to negotiate with a buyer on your behalf. As such, a real estate agent can help you optimize your house sale earnings.
For a home seller who wants to determine the right price for his or her house, it helps to prepare as much as possible. If you take advantage of the aforementioned tips, you can establish a competitive initial asking price for your home and boost the likelihood of enjoying a fast, profitable house selling experience.
Selling a home for the first time can be tricky. In fact, first-time home sellers often make mistakes that prolong the home selling process. Perhaps even worse, these errors may cause a home seller to miss out on opportunities to optimize the value of his or her residence.
Now, let's take a look at three common mistakes that first-time home sellers make, as well as ways to avoid these problems.
1. Setting an Unrealistic Initial Asking Price
Although you might have paid a hefty sum for your house a few years ago, what your home was worth then is unlikely to match its current value. However, if you set an unrealistic initial asking price for your residence, you risk alienating dozens of potential buyers.
Before you set a price for your house, it pays to perform plenty of housing market research. That way, you can see how your home stacks up against the competition and price it based on the current real estate sector's conditions.
Furthermore, you may want to conduct a home appraisal prior to listing your house. Following a home appraisal, you'll receive a property valuation to help you establish a competitive price for your residence.
2. Failing to Provide Full Details About Your House
No home is perfect, and a home seller who withholds information about his or her residence risks wasting precious time and resources. To better understand why this may be the case, let's consider an example.
If a home seller fails to include information about a faulty heating and cooling system in a home listing, a buyer will be unaware of the problem. A buyer then may submit an offer on this house that a seller accepts. But during a home inspection, a property inspector likely will discover the defective heating and cooling system, which leads the buyer to rescind his or her offer. And at this point, the seller will have to restart the home selling process from square one.
When it comes to selling a home, it helps to be honest. If you provide full details about your residence, you can help a buyer make an informed decision and reduce the risk of that a purchase agreement will fall apart after a home inspection.
3. Choosing an Ineffective Real Estate Agent
A real estate agent should have a seller's best interests in mind. As such, this housing market professional will collaborate with a seller throughout the home selling journey to ensure a seller can optimize his or her earnings.
Unfortunately, not all real estate agents possess the same skills. But if you evaluate a variety of real estate agents, you can increase the likelihood of finding one who matches or exceeds your expectations.
Employ a real estate agent with a proven reputation. And if you're uncertain about whether a real estate agent can help you achieve your home selling goals, it usually helps to request client referrals from this housing market professional.
Streamline the process of selling your home – avoid the aforementioned first-time home seller mistakes, and you can boost your chances of enjoying a quick, profitable home selling experience.
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.
Adding a condo to the housing market may seem difficult at first. Lucky for you, real estate agents can help you streamline the process of listing your condo, stirring up interest in your property and ensuring you can maximize its value.
What does it take to find the right real estate agent to sell your condo? Here are three questions that you should ask a real estate agent before you hire this professional to sell your condo:
1. Have you sold condos in the past?
When it comes to selling a condo, it is always better to err on the side of caution. Therefore, you may want to consider hiring a real estate agent with condo selling experience over a real estate professional who exclusively sells homes.
A real estate agent with condo selling experience may be able to offer insights that you won't receive elsewhere. For example, this real estate professional may be able to provide tips to help you enhance your condo without the risk of violating homeowners' association (HOA) rules.
Plus, a real estate agent with condo selling experience will understand how to manage home selling challenges that may arise. This housing market expert will be able to address such challenges quickly and limit their impact on the condo selling process.
2. What approach will you take to sell my condo?
As a condo seller, your goal is to sell your condo as quickly as possible and ensure you can get the best price for your property. Meanwhile, you should find a real estate agent who shares your goal and will do everything possible to promote your residence to the right groups of property buyers.
Initially, a real estate agent should learn about your condo selling needs. He or she will listen to your condo selling concerns and ensure you are fully supported throughout the condo selling cycle.
A real estate agent should be ready to promote your condo in a variety of ways too. From social media posts that highlight the size and beauty of your condo to open houses that enable property buyers to check out your residence, a real estate agent should go above and beyond the call of duty to showcase your condo.
3. Why should I hire you?
No two real estate agents are identical, and as such, you're sure to hear lots of different responses to this question. Consider a real estate agent's answer closely, and if you are satisfied with the response, you may want to move forward with this housing market professional.
For home sellers, it is essential to collaborate with a real estate agent who makes you feel comfortable. This real estate professional will communicate with you regularly and keep you informed at each stage of the home selling process. As a result, you'll never be left in the dark as you move closer to selling your condo.
Ready to sell your condo? Use the aforementioned tips, and you can hire a great real estate agent to help you simplify the condo selling process.