Elena Langlois - Berkshire Hathaway HomeServices Commonwealth Real Estate



Posted by Elena Langlois on 9/6/2018

As a home seller, you likely want to get rid of your residence as quickly as possible. However, there is no reason to underprice your residence to speed up the home selling process.

Ultimately, underpricing a home may create a number of problems. If you fail to consider how much your house is worth, you risk receiving offers for far less than your residence's actual value. As a result, you may fail to maximize the value of your home.

So what does it take to ensure you can establish the right price for your residence? Here are three tips to help home sellers do just that.

1. Employ a Real Estate Agent.

A real estate agent possesses the skills and know-how to help you navigate any real estate market. He or she will be able to offer a wide assortment of housing market data and insights, and as such, provide recommendations to ensure you can set a fair price for your house.

Furthermore, a real estate agent will be able to help you establish the right price for your residence in a buyer's or seller's market even if you are trying to move out of your home soon. This real estate professional will learn about your needs and explore a variety of options to guarantee you won't have to underprice your home to sell it quickly.

2. Become Familiar with Comparable Homes in Your Area.

Many homes are available in cities and towns across the United States, and home sellers who assess the prices of comparable homes nearby should have no trouble establishing the right price for a residence.

Review real estate listings for houses that currently are available, along with listings for homes that sold recently in your city or town. This will help you understand how your house stacks up against other residences in your area so you can price your home based on the current real estate market.

3. Set Realistic Expectations Throughout the Home Selling Process.

There is no need to panic if your home does not receive multiple offers after the first open house. Instead, try to remain calm, cool and collected, and you can avoid the temptation to lower the price of your house to stir up interest among homebuyers.

Before you add your home to the real estate market, set realistic expectations for how much you would like to receive for your residence and how quickly you need to sell your property. This will enable you to have a home selling plan in place and ensure you are prepared for any challenges that come your way.

A real estate agent can help you establish realistic expectations for the home selling process as well. This professional will allow you to stay up to date about home offers, respond to your home selling concerns and questions and streamline the process of maximizing the value of your residence.

Use the aforementioned tips, and you can speed up the home selling process without sacrificing the value of your house.




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Posted by Elena Langlois on 7/26/2018

Ready to sell a house for the first time? Ultimately, selling a house can be challenging, particularly for those who are unfamiliar with the real estate sector. But with the right home selling guidance, you should have no trouble getting the best price for your house, regardless of your property selling experience.

Now, let's take a look at three vital tips for first-time home sellers.

1. Consider Your Home in Relation to the Housing Market

Although you've likely enjoyed your residence for an extended period of time, you might have no idea how your house compares to similar homes in your area. Fortunately, a first-time home seller who assesses the real estate sector closely can find out how his or her residence stacks up against the competition and plan accordingly.

Check out the prices of available houses in your city or town. By doing so, you may be able to define a "competitive" price for your home based on the present housing market's conditions.

Also, don't forget to analyze the prices of recently sold homes in your area. This housing market data can help you determine whether you're about to enter a buyer's market or a seller's market.

2. Conduct a Home Appraisal

A home appraisal gives you the opportunity to gain expert insights into the current condition of your house. After the home appraisal is finished, you can decide if property repairs are necessary to upgrade your residence before you add it to the real estate market.

Hire an experienced home appraiser to complete your property appraisal you'll be glad you did. This home appraiser likely understands the ins and outs of examining a house's interior and exterior. As such, he or she will go above and beyond the call of duty to provide you with comprehensive insights that may help you find ways to differentiate your house in a competitive housing market.

In addition, evaluate the results of a home appraisal closely. These results may prove to be essential, as they can empower you with the insights you need to enhance your residence both inside and out and boost your chances of optimizing the value of your house.

3. Work with a Real Estate Agent

A real estate agent is happy to work with a first-time home seller and help this individual achieve his or her property selling goals.

Usually, a real estate agent will help a first-time home seller establish realistic property selling expectations. He or she will provide honest, unbiased home selling recommendations to help a first-time seller minimize stress throughout the property selling journey as well.

With support from a real estate agent, a first-time home seller may be able to accelerate the property selling cycle too. A real estate agent will even respond to a home seller's concerns and questions time and time again.

When it comes to selling a house for a first time, there is no need to worry. Take advantage of the aforementioned tips for first-time home sellers, and you can seamlessly navigate the property selling cycle.




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