Our Real Estate Blog
Adding your house to the real estate market today may prove to be a great decision. In fact, there are many terrific reasons to list your home today, including:
1. You may be able to generate a profit on your house.
If you maintained your home over the years, the residence may have increased in value. Thus, you may be better equipped than other home sellers to generate a profit on your residence.
Furthermore, if you're preparing to enter a seller's market, you may be able to earn a significant profit in no time at all.
A seller's market frequently includes an abundance of homebuyers and a shortage of home sellers. As such, if you add a high-quality house to a seller's market, it may be only a matter of time before you receive multiple offers at or above your initial asking price.
2. You can downsize your home or upgrade to a larger residence.
Although your current residence may have served you well for an extended period of time, now may prove to be a great time for a change. Fortunately, if you add your house to the real estate market, you can take the next step to downsize your residence or upgrade to a larger residence.
For those who want to downgrade, it may be simple to sell a house and get rid of excess items at the same time. Then, you can relocate to a smaller residence that better suits your budget and personal needs.
On the other hand, those who want to move into a bigger and better residence can explore a vast array of residences any time they choose. After a home seller finds a buyer for his or her residence, this individual will have plenty of funds to pursue a superior residence as well.
3. You can embark on a new adventure.
Selling a home opens new doors for any individual, at any time.
For example, you can use the funds from your home sale to go on a cross-country journey. Or, you may choose to move closer to family members and friends in another area of the country. Regardless of which option you choose, you won't have to worry about being saddled to a home mortgage after you sell your residence.
Consider the short- and long-term ramifications of selling your house, along with what you'll do immediately following a home sale. By doing so, you can map out the next stage of your life.
Of course, if you ever have concerns or questions about selling a house, it is always best to consult with a real estate agent. With a housing market professional at your side, you can receive expert insights throughout the home selling journey.
A real estate agent will keep you up to date about offers on your house and offer honest, unbiased home selling recommendations. In addition, he or she is ready to respond to your home selling queries at any time.
Get ready to sell your home – meet with a real estate agent, and you can take the next step to add your residence to the real estate market.
If you intend to sell your home, you may want to host a yard sale. Thanks to a yard sale, you can eliminate clutter from your residence. Furthermore, a yard sale enables you to connect with your local community and inform community members about your plans to list your house.
Ultimately, there are many ways to ensure a yard sale is an instant success. These include:
1. Determine Exactly What You Want to Sell
You know you have a lot of items you want to remove from your house before you add it to the real estate market. As such, you should allocate time and resources to determine which items to keep and which items to sell.
If you have a variety of items you intend to keep, you may want to rent a storage unit. With a storage unit, you can keep your personal belongings safe until your residence sells.
Meanwhile, with items you want to sell at your yard sale, ensure they work properly and look great. You also may want to perform research to determine a fair price for these items based on their age and condition.
2. Pick a Good Date for Your Yard Sale
A Saturday or Sunday morning is the perfect time to kick off a yard sale. Select a date and time for your yard sale, and you can start counting the days until this event takes place.
Of course, as you consider yard sale dates, be sure to avoid scheduling your yard sale on a holiday. And remember, if you start your yard sale early in the day, you can give visitors plenty of time to check out your event.
3. Promote Your Yard Sale Properly
Create yard sale posters and set them up around your community. That way, you can promote your yard sale to a large group of community members in the days leading up to your event.
In addition, you may want to promote your yard sale online. Social networks make it easy to share information about your yard sale and may help you reach many people beyond your city or town.
As you get set to sell your home and host an upcoming yard sale, you may want to reach out to a real estate agent too. A real estate agent can help you get ready for the house selling journey and ensure you can achieve the optimal results.
A real estate agent is a home selling expert who is committed to client satisfaction. He or she will help you promote your residence to prospective buyers, analyze offers to purchase your home and much more. Plus, if you have any concerns as you navigate the home selling process, a real estate agent can respond to them.
Want to sell your home in the near future? Host a yard sale, and you can move one step closer to eliminating clutter from your home and adding your residence to the housing market.
Selling a home takes patience. Especially when you’re balancing your time between settling into your new home, and keeping up with your work and family life. So, when you’ve finally gotten to the point of accepting an offer on your home, you’ll probably breathe a sigh of relief--and you should! However, there are still a few more things that will need to happen and a couple of things to consider before closing the deal on your home sale.
Contingencies on the purchase contract
A purchase contract typically includes contingency clauses that are designed to protect the interests of both the buyer and the seller. These clauses mean that the contract is contingent upon the actions being completed before it can be legally valid.
There are three main contingencies that will likely be included in the purchase contract before closing--inspection, financing, and appraisal.
The inspection contingency allows the buyer to have the home inspected by a professional before closing (the time should be specified within the contract, but the inspection should usually occur no more than two weeks after you accept the offer). A home inspection lets the buyer know what to expect in terms of repairs that the home needs now or will need in the near future.
Since the vast majority of buyers will be purchasing their home through a loan, a financing contingency is included to allow the buyer time to secure their mortgage. Getting pre-qualified and pre-approved makes this process easier, but the buyer will still have to finalize and close on their mortgage before their financing is official.
This clause exists to protect the buyer in the event that their mortgage application is denied, ensuring that they aren’t penalized.
The third contingency most often found in purchase contracts is a home appraisal. The buyer will order an appraisal and then the appraiser will reach out to you to find a day to come and value your home.
If the home is then appraised at the amount agreed upon in your contract, this contingency is met. However, if the appraisal comes up lower than the purchase amount, the buyer can renegotiate the price.
Walkthrough and closing
Once the appraisal and inspection have been met and financing secured, the buyer will have a chance to do a final walkthrough of your home. The walkthrough usually occurs no more than two days prior to closing on the sale. A walkthrough allows the buyer view the home one last time to ensure that the condition of the home hasn’t drastically changed since the home was inspected or appraised. So, make sure the buyer is aware of any changes you planned to make to the home before closing.
Now you’re ready to close on your home sale. You’ll receive a disclosure form to review (read it carefully!) and sign. Once closing is complete, ownership of the home is officially transferred to the buyer.
While the closing process does include several steps, it’s important to be available and cooperative along the way to ensure a smooth sale and transition into your new home.
Whether you plan on selling your house in the next few years, or if you just want to make some much needed updates to your home, renovations can be a great way to increase the value of your property.
However, not all updates will pay for themselves. Some upgrades that we want for personal reasons, such as building an addition for more space, could come back to haunt you if it isn’t to the taste of potential homebuyers in the future.
So, in this article, we’re going to talk about five simple updates to your home that have the best chance of increasing its selling price. That way, when you do finally decide to move on from your home, you can sell for the price you know your home is worth.
Improve your lighting
You don’t have to be a carpenter to increase the value of your home. When a potential buyer enters your home for the first time, two of the first things they’ll notice are the lighting and the spaciousness of the room.
Since lighting is an essential part of creating spaciousness, increasing the former will also increase the latter.
So, what are some ways you can increase lighting?
Add recessed lights to the ceilings of your home. It will open up space in the ceiling and allow for a greater number of lights overall.
Add lighting under the cabinets in your kitchen
Use large mirrors for decoration to increase lighting and create the illusion of spaciousness in smaller rooms
Painting for the modern homeowner
Home decor trends come and go. Not long ago, wallpaper was the go-to choice. However, the surest way to increase the value of your home is to use bright and neutral colors since, statistically, these appeal to the largest number of people.
Fresh paint and good lighting work together to make your home seem more polished and modern. And, for just a few hundred dollars, you can paint your whole home.
Remember, however, that it is easy to scuff up the walls in your home. So, it’s a good idea to paint closer to the date you think you’ll be trying to sell.
Low maintenance landscaping
While there are people who enjoy mowing the lawn on Saturday morning, those people tend to be few and far between. One thing potential buyers will consider when viewing your home is how difficult it will be to take care of the yard.
Adding an irrigation system, removing unnecessary obstacles, and planting hardy bushes and plants will woo potential buyers.
Upgrade the most outdated room in your home
If your home is in need of serious upgrades, it’s best to start with the room that needs it the most, especially if that room is a bathroom or kitchen. Replacing an old vanity or putting new tile down can be simple ways to spruce up a bathroom that’s looking dated.
Fix the little things
If you have a couple of years before you plan to sell, that gives you time to fix the small issues that you’ve noticed and will continue to notice. Maintaining your home now will give you less to worry about when the time comes to sell, and you don’t want to be dealing with leaking faucets when that day arrives.