Philip Ottaviani's Blog
Adding your residence to the housing market can be tricky. And for those who are unprepared for the potential pitfalls of the real estate market, it may be difficult to get the best results from the home selling journey.
Fortunately, we're here to teach you about the housing market so you can understand what it takes to optimize the value of your home.
To better understand the ins and outs of the real estate market, let's take a look at three common misconceptions that are frequently associated with selling a house.
1. Your home has increased in value since you initially purchased it.
What you paid for your house a few years ago is unlikely to match what it is worth today. As such, it is important for a home seller to understand the current state of the real estate so he or she can price a residence accordingly.
A home seller should look at the prices of comparable residences before adding his or her home to the housing market. By doing so, this home seller can see how his or her residence stacks up against the competition and price it based on the current housing market's conditions.
Also, a home seller should complete a property appraisal. This evaluation allows a home seller to receive expert insights into a house's pros and cons. Plus, a home appraisal ensures a property seller can prioritize myriad home improvement projects to help boost a house's value.
2. You should have no trouble stirring up plenty of interest in your house.
Although a home seller enjoys his or her residence, there is no guarantee that homebuyers will feel the same way. Therefore, a home seller should allocate the necessary time and resources to enhance a property's appearance both inside and out.
Completing simple home exterior improvement projects like mowing the front lawn and clearing dirt and debris from the walkways can make a world of difference in homebuyers' eyes. These home exterior improvements will help you bolster your house's curb appeal and boosts your residence's chances of making a positive first impression on homebuyers.
In addition, don't forget to declutter your residence's interior as much as possible. This will make it easy for homebuyers to imagine what life may be like if they purchase your home.
3. You don't need support from a real estate agent.
When it comes to selling your residence, it is always better to err on the side of caution. With a real estate agent at your side, you may be able to accelerate the home selling process and improve your chances of maximizing the value of your house.
A real estate agent will help you manage challenges throughout the home selling process. He or she will show you how to list your residence and promote it to the right groups of homebuyers, along with provide comprehensive responses to your home selling questions.
Employ a real estate agent to guide you along the home selling process – you'll be happy you did. A real estate agent will do everything possible to ensure you can sell your residence quickly and effortlessly.
You may be ready to sell your home. However, before you add your residence to the real estate market, you should consider involving your neighbors in the home selling process.
There are many quick, easy ways to connect with your neighbors and ensure they can help you sell your house, including:
1. Meet Face-to-Face with Your Neighbors
Although you've enjoyed many wonderful years in your neighborhood, you may determine that now is a good time to relocate. As such, you should meet with your neighbors to share the news.
A face-to-face meeting with a neighbor usually is a good idea. At this time, you can provide details about your future plans and respond to your neighbor's concerns or questions as well.
Plus, you can ask your neighbor if he or she knows anyone who may be interested in your home. And if your neighbor answers, "Yes," encourage him or her to share the news that your house will soon be available.
2. Provide Neighbors with a Copy of Your Home Listing
Ultimately, you'll want to provide your neighbors with as much information about your home as possible. By doing so, you can make it simple for your neighbors to keep colleagues, family members and friends up to date about your residence.
If an online home listing is available, feel free to share a link to the listing via email or social media. Then, your neighbors can copy and paste the link to the listing to share it with anyone they choose.
Also, if your neighbors prefer a paper copy of your home listing, you should be able to provide them with a print-out that outlines your house's features. Be ready to provide paper copies of your home listing to your neighbors at any time, and you can boost your chances of selling your home quickly.
3. Be Available to Respond to Home Selling Concerns and Questions
After you share details about your home with neighbors, it may be only a matter of time before your residence sells. Meanwhile, neighbors may return to you with additional concerns and questions about your residence.
Be available to your neighbors via phone call, text and email. This will ensure you can provide your neighbors with the home information they request, any time they need it.
Lastly, it is important to remember that home sellers should try to do everything they can to promote their residences to the right groups of homebuyers. If you collaborate with a real estate agent, you can improve your chances of connecting with the right homebuyers, regardless of the current housing market's conditions.
A real estate agent will learn about your home selling goals and work with you to ensure you can achieve them. Perhaps best of all, a real estate agent will set up home showings and open houses and respond to your home selling concerns and queries to guarantee you are fully supported throughout the home selling journey.
Take advantage of the aforementioned tips, and you should have no trouble stirring up plenty of interest in your residence.
As you complete the final steps of the home selling process, it is important to cancel various everyday house services prior to moving day. In fact, some of the essential services that you may need to cancel include:
Notify your electric company about your plans to move. You also can tell the company how much longer you will be staying in your house and provide it with a forwarding address for your final invoice.
Ultimately, you should provide your electric company with at least a few weeks' notice about your plans to relocate. This will ensure that you and the electric company can work together to settle your final bill.
2. Cable and Internet
If you like your current cable and internet services provider, you may be able to transfer your current services to your new location. And if you call your cable and internet services provider and speak with a customer service agent, you can find out exactly how to do that.
Of course, there may be instances where you need to cancel your cable and internet services. If you are moving to a city or town where your current cable and internet services provider is unavailable, for example, you may need to cancel your services.
Contact your local water company and give it the news about your moving plans. This will ensure that you won't be billed for any water services after your moving date.
Don't wait until the last minute to notify your water services provider about your move, either. Remember, the sooner you inform your water services provider about your moving plans, the sooner you can guarantee that any water services in your name will be discontinued once you relocate from your current address.
As the day of your home closing approaches, it helps to plan ahead as much as possible. If you collaborate with a real estate agent throughout the property selling journey, you can get the help you need to overcome any potential house selling hurdles.
A real estate agent is a house selling expert, and as such, will serve as a helpful guide throughout the property selling journey. First, a real estate agent will learn about you and your home. He or she next will craft a custom property selling strategy, one that ensures you can quickly sell your residence and maximize its value. Then, a real estate agent will list your residence, promote it to prospective buyers and set up house showings and open house events. And once you receive an accept an offer to purchase your residence, a real estate agent will make it easy for you to finalize your home sale.
When it comes to selling a house, it often helps to hire a real estate agent. By employing a real estate agent, you can receive in-depth insights at each stage of the house selling journey. And as a result, you can quickly and effortlessly accomplish your desired home selling results.
Adding a house to the real estate market should be simple. However, a home seller must consider various factors before listing a home, or risks missing out on opportunities to stir up interest from potential homebuyers.
Some of the top factors to consider before you list a residence include:
1. Your Home's Interior and Exterior
Ultimately, your home only gets one chance to make a positive first impression on homebuyers. If a home seller dedicates the necessary time and resources to update a house's interior and exterior, he or she may be able to increase the likelihood of a quick home sale.
To improve a house's interior, it is important to declutter as much as possible. Remove any non-essential items from a home; these items can be sold at a garage sale or online or put into a storage unit until a home sells.
Furthermore, to enhance a home's exterior, a home seller should mow the front lawn, trim the hedges and perform assorted home exterior maintenance projects. With a dazzling home exterior, a home seller can help his or her residence stand out from other available houses.
2. The Local Housing Market
How does your home stack up against the competition? Study the local housing market closely, and you should have no trouble establishing a competitive price for your home.
Examine the prices of available residences that are similar to your own. Also, take a look at the prices of recently sold houses in your city or town. With this housing market data in hand, you can understand whether you're preparing to operate in a buyer's or seller's market and price your residence appropriately.
3. Home Appraisal Results
When it comes to getting a home ready for the real estate market, it never hurts to conduct a home appraisal.
During a home appraisal, a property inspector will assess a house's condition. After the appraisal is finished, this inspector will provide a homeowner with a copy of a home appraisal report.
A home appraisal report offers valuable insights into a home's condition and enables a home seller to prioritize myriad home improvement projects. As such, the report may help a home seller find ways to enhance a residence before he or she adds it to the real estate market.
Lastly, if you're looking to list a house in the foreseeable future, working with a real estate agent is key.
A real estate agent is happy to help you prep your residence for the housing market. He or she will offer honest, unbiased home selling recommendations and ensure you can upgrade your house as needed. Plus, this housing market professional will set up home showings and open houses, negotiate with homebuyers on your behalf and do whatever it takes to help you sell your residence.
Get your house ready for the real estate market – consider the aforementioned factors, and you can transform an ordinary residence into an awe-inspiring home.
If you intend to add your residence to the real estate market, you should try to differentiate your house's weaknesses and strengths. That way, you can plan ahead for the home selling journey and make myriad house improvements before you list your residence.
Now, let's take a look at three tips to help you identify your house's weaknesses.
1. Analyze Your Home from a Buyer's Perspective
Oftentimes, it helps to take an objective view of your house and consider why a buyer may choose to purchase your residence over others. At the same time, you may want to think about why a buyer may shy away from your residence too.
By analyzing your house from a buyer's perspective, you may be better equipped than ever before to identify potential home problems. Then, you can take the necessary steps to address these issues. And as a result, you can boost the likelihood of enjoying a fast, profitable home selling experience.
2. Perform a Home Inspection
A home inspection may be worthwhile for a home seller, and for good reason. Conducting a house inspection enables you to receive in-depth insights into your home's condition that you may struggle to obtain elsewhere. And with a house inspection report in hand, you can prioritize home improvement projects accordingly.
Of course, if you decide to conduct a house inspection, you should hire a qualified home inspector. Perform a comprehensive search for home inspectors in your area, and you're sure to find plenty of great options. If you choose a home inspector who possesses lots of industry experience and a sterling reputation, you can conduct a house inspection and gain the insights you need to upgrade your house.
3. Employ a Real Estate Agent
If you are unsure about how to promote your residence to prospective buyers, there is no need to panic. Because if you hire a real estate agent, you can get the help you need to showcase your residence to the right groups of potential buyers.
A real estate agent is a home selling expert who is unafraid to be honest. Thus, he or she can provide unbiased home selling recommendations and suggestions and ensure you can upgrade your residence in no time at all.
Let's not forget about the assistance that a real estate agent can provide throughout the home selling journey, either. A real estate agent will help you craft an effective home listing, set up home showings and open house events and keep you up to date about any offers to purchase your residence. Plus, if you have concerns or questions as you navigate the home selling journey, a real estate agent is ready to respond to them.
For those who want to achieve the best-possible results during the home selling journey, it helps to identify a house's weaknesses as quickly as possible. Thanks to the aforementioned tips, you can immediately identify any home weaknesses and address such problems early in the home selling process.