3 Attributes of a Successful Home Seller

A successful home seller knows exactly what it takes to list a residence and maximize its value, regardless of the current real estate market’s conditions. In fact, a successful home seller displays many attributes, such as:

1. Empathy

If a home seller can step into a homebuyer’s shoes, he or she may be better equipped than ever before to enjoy a successful home selling experience. Thus, empathy may play a key role in your ability to quickly sell your house and receive the best price for it.

When it comes to analyzing the buyer’s perspective, it generally helps to conduct a home inspection. That way, you can receive insights into any underlying home issues and address these problems accordingly.

Furthermore, an empathetic home seller may be more likely than others to conduct a home appraisal. With a home appraisal report in hand, a home seller can use a data-based property valuation to establish a competitive home price.

2. Diligence

A successful home seller will do everything possible to achieve the optimal results throughout the home selling journey. As such, this individual is diligent and allocates the necessary time and resources to learn what it takes to sell a house.

Typically, a successful home seller will work with a real estate agent, and for good reason. A real estate agent can provide expert insights into the housing market and help a seller get his or her residence ready to sell. Then, a real estate agent can offer comprehensive recommendations and tips to ensure a home seller can succeed.

3. Patience

Patience is a virtue that no successful home seller can live without. If a home seller displays patience, he or she may be able to address various home selling challenges with ease.

For example, a patient home seller understands that the housing market frequently fluctuates, and a seller’s market today may transform into a buyer’s market tomorrow. This seller also may realize that there is no guarantee that his or her house will sell as soon as it becomes available. Yet a patient home seller is prepared to deal with the uncertainty surrounding the real estate market and will remain calm, cool and collected, even in tough times.

Selling a home may prove to be a long, arduous process, particularly for those who are unprepared to deal with potential challenges throughout the home selling journey. Luckily, real estate agents are available who can assist you as the home selling journey moves forward.

A real estate agent can help a home seller list a residence and showcase it to the right groups of buyers. Plus, a real estate agent is happy to help a home seller alleviate stress during the home selling journey and ensure this individual can succeed in any housing market, at any time.

Want to succeed as a home seller? Reach out to a local real estate agent, and you can get the support you need to thrive throughout the home selling journey.

Thinking of Selling Your Home? Here’s What You Can Do Now to Make It Easier

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.

Set deadlines

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.

3 Key Traits of a Seller’s Market

For home sellers, a seller’s market is ideal. Ultimately, this type of housing market empowers home sellers to maximize the value of their residences, and for good reason.

Typically, a seller’s market is defined by several key traits, including:

1. Shortage of Quality Houses

A seller’s market often features a shortage of quality houses, which means many home sellers frequently are able to set higher initial asking prices for their residences that they would in a buyer’s market.

Although a seller’s market may enable home sellers to get more for their houses, a home seller still must find ways to generate interest from prospective homebuyers.

For example, a home seller who revamps his or her home’s exterior will be able to boost the residence’s curb appeal. As a result, this home may generate greater interest from homebuyers than other residences that are on the market, increasing the chance of a quick home sale.

2. Abundance of Homebuyers

A seller’s market may feature an abundance of homebuyers who are ready to make their homeownership dreams come true. As such, a home seller may receive offers as soon as his or her residence becomes available. And in some instances, a home seller might even get multiple offers that exceed his or her initial asking price.

Oftentimes, a seller’s market provides increased confidence to home sellers. Conversely, it is important to establish realistic home selling expectations, regardless of the market conditions.

For instance, a home seller who prices his or her residence too high from the get-go is unlikely to generate significant interest – even in a seller’s market. Thus, this home may remain on the market for many days, weeks or months, and a home seller might need to lower the price eventually.

On the other hand, offering a competitive price, i.e. a price that corresponds to the prices of similar houses in a particular area, is ideal. If you provide a competitive price on your home from day one, you should have no trouble receiving plenty of interest in it, especially in a seller’s market.

3. Consistent Supply of Dependable Real Estate Agents

Real estate agents are happy to help home sellers maximize the value of their residences in a seller’s market. These real estate professionals may possess many years of industry experience, which means that they likely understand the ups and downs of the real estate sector. Therefore, real estate agents can offer practical tips to ensure that you can stir up substantial interest in your home, get the most for your house and accelerate the home selling journey.

Perhaps best of all, your real estate agent will be happy to respond to any concerns or questions as you add your home to the housing market. This real estate professional works for you and will do everything possible to ensure you get the best results.

Ready to add your home to the real estate market? Employ a real estate professional, and you can move one step closer to optimizing the value of your house.

Home Seller Tips: 3 Reasons to Decline the First Offer on a House

As a home seller, receiving the first offer on your residence can be an exciting experience. However, the initial offer on your home may prove to be insufficient for a number of reasons, including:

1. The offer fails to meet your expectations.

Ideally, a home seller will allocate the necessary time and resources to fully analyze a house before adding it to the real estate market. This will enable a home seller to establish realistic expectations for his or her house and price it accordingly.

Conducting a home appraisal offers a great starting point for a home seller to determine the true value of a residence. This appraisal ensures a home inspector will examine a residence’s interior and exterior. Then, the inspector will provide a report that details a house’s strengths and weaknesses.

With a home appraisal report in hand, a home seller should have no trouble establishing a “fair” price for his or her residence. And if an initial offer falls short of this price, a home seller can politely decline the proposal and wait for additional offers.

2. The homebuyer has submitted a “lowball” proposal.

In some instances, a homebuyer may submit a “lowball” offer in the hopes of acquiring a terrific house at a budget-friendly price. If a home seller cannot differentiate between a reasonable offer and a lowball proposal, he or she risks missing out on an opportunity to optimize the value of a residence.

An informed home seller should examine the prices of available houses that are similar to his or her own. By doing so, this property seller can see how his or her residence stacks up against the competition and map out the home selling journey accordingly.

Moreover, an informed home seller will mow the front lawn, trim the hedges and do whatever it takes to enhance a house’s curb appeal. This home seller likely understands the importance of making a positive first impression on homebuyers, and as a result, will perform assorted home exterior improvements to help reduce the risk of receiving a lowball initial offer.

3. The offer does not correspond to the current state of the housing market.

For a home seller, it is essential to work with a real estate agent who can provide full details about the current state of the housing market.

A real estate agent can help a home seller differentiate between a buyer’s market and a seller’s market. Plus, this housing market professional can provide honest, unbiased recommendations about whether a home seller should decline an initial offer on a home.

Many real estate agents are available in cities and towns nationwide, and these housing market experts are happy to help home sellers in any way they can. If you employ a real estate agent before you list your home, you can reap the benefits of unparalleled guidance at each stage of the home selling journey.

There is no reason to settle for a subpar initial offer on your residence. Instead, consider a first offer closely, and you can make an informed decision about whether to decline or accept it.