Sumathi Narayanan Realty's Blog
If you plan to sell your house, you should be proactive. Because, in most cases, a proactive home seller is a successful home seller.
With a proactive approach, a home seller can find unique ways to differentiate his or her house from the competition. That way, this home seller can boost his or her chances of a quick, profitable home sale.
Now, let's take a look at three best practices for proactive home sellers.
1. Upgrade Your Home's Interior and Exterior
Ensure your house looks great both inside and out. By doing so, you can guarantee your residence will make a long-lasting impression on homebuyers.
When it comes to improving your home's interior, it pays to mop the floors, wipe down the walls and ceilings and perform assorted home interior maintenance. If you need extra help along the way, you can always hire a professional home cleaning company as well.
To upgrade your home's exterior, you should mow the lawn, remove dirt and debris from walkways and perform any necessary home siding repairs. Remember, your house only gets one chance to make a positive first impression. And if your home's exterior dazzles, it will increase the likelihood that a buyer will want to set up a home showing.
2. Conduct a Home Appraisal
What you paid for your house a few years ago is unlikely to match your home's value today. Luckily, a home appraisal can help you set a competitive price for your residence from day one.
During a home appraisal, a professional appraiser will examine your home's interior and exterior. He or she also will evaluate assorted housing market data and use all of this information to provide a property valuation.
After you receive a home appraisal report, you should review the report findings closely. By leveraging all of the report data, you should have no trouble establishing a competitive price for your residence.
3. Work with a Real Estate Agent
If you want to be a proactive home seller, you need to work with a real estate agent. In fact, a real estate agent will do everything possible to help you accelerate the home selling process and ensure you can get the best price for your house.
A real estate agent understands the ins and outs of selling a home and will teach you about the home selling journey. Plus, he or she will learn about your home selling goals and guarantee you can accomplish your aspirations.
Perhaps best of all, a real estate agent is happy to set up home showings and open houses, promote your residence to potential buyers and negotiate with a buyer's agent on your behalf. And if you have home selling questions, a real estate agent is happy to answer them.
There is no need to take a wait-and-see approach to selling your home. Instead, use the aforementioned tips, and you can become a proactive home seller.
After you accept an offer on a home, you likely will only have a few weeks to pack up your belongings and vacate the premises. As such, there are many questions that home sellers need to consider at this point, including:
1. Where am I going to live?
If you haven't figured out where you're going to live after your home closing, there is no need to panic. Consider all of your potential living options now, and you can plan accordingly.
Oftentimes, friends and family members may be willing to provide you with a temporary place to live. These loved ones may enable you to stay in their houses until you buy a new residence. Or, in some instances, you may be able to permanently move in with friends and family members.
On the other hand, if you enjoy being a homeowner, you may want to kick off a home search right away. This will enable you to find a new place to live in the city or town of your choice. Also, if you work quickly, you may be able to finalize your home purchase around the same time that you sell your current house.
2. What is the homebuyer's next step?
In most cases, a homebuyer will have a set amount of time to schedule a home inspection after you accept his or her offer. Once the home inspection is complete, the buyer will receive a report that provides insights into the condition of your house.
For home sellers, a home inspection can be stressful. If a property inspector discovers problems with a residence, a buyer may choose to walk away from a home purchase or ask a seller to complete various home renovations.
When it comes to selling a house, it pays to be honest. If you provide honest responses to a homebuyer's questions about your residence, you can help the buyer make an informed purchase decision. Plus, with this approach, you can minimize the risk that a home inspection may lead a buyer to rescind his or her offer.
3. What will I need to do to finalize the home sale?
The time between accepting a home offer and reaching the closing date may seem endless. However, a patient home seller will be able to stay calm, cool and collected, even if challenges arise along the way.
As a home seller, you should try to do everything you can to reach the finish line of a property sale. If you maintain consistent communication with a real estate agent, you can seamlessly navigate all stages of the home selling cycle.
A real estate agent works on a home seller's behalf and will do everything possible to minimize potential pitfalls. Thus, this housing market professional is happy to respond to a home seller's questions to ensure this individual is fully supported in the weeks and days leading up to a home closing.
Collaborate with a real estate agent, and you can receive plenty of support throughout the home selling journey.
If you plan to sell your house, there may be certain items that you want to bring to your new residence. However, various items may prove to be too big, too heavy or too expensive to transport to your new address. But if you leave these items behind, you may be able to make your house more attractive to dozens of potential buyers.
Ultimately, there are many high-quality items that home sellers may choose to leave behind for buyers, such as:
Although your refrigerator has served you well for many years, transporting this kitchen appliance to your new house could prove to be difficult. Fortunately, a buyer may appreciate the fact that you're willing to provide him or her with a top-notch refrigerator as part of a home sale.
For a home seller who intends to leave his or her refrigerator behind, it is important to take some time to clean the appliance. That way, a homebuyer will be able to use the refrigerator as soon as he or she finalizes a home acquisition.
Also, scrub down the refrigerator's shelves, wipe down the appliance's exterior and remove any foods and beverages from the refrigerator prior to moving day.
2. Washer and Dryer
A washer and dryer may cost a homeowner hundreds or thousands of dollars to purchase and install. Luckily, a home seller who includes a washer and dryer in a home sale can make it easy for a buyer to avoid the hassle of finding, buying and installing these appliances.
Ensure that your washer and dryer are working properly before moving day arrives. Remove any dust and debris from the dryer's lint trap, and wipe down the exterior of both the washer and dryer.
If you own stunning outdoor patio chairs, a deluxe dining room table and chairs or other first-rate home furniture, you may want to include these items in your home sale. By doing so, you can help a buyer furnish his or her home in no time at all.
Selling a home can be challenging, even if you intend to leave behind assorted high-end items for a buyer. Thankfully, real estate agents are available to help simplify the process of selling a residence in any housing market, at any time.
A real estate agent understands that you want to enjoy a quick, profitable home selling experience. To accomplish this goal, a real estate agent will learn about your residence and explore ways to promote it to the right groups of buyers.
Furthermore, a real estate agent will offer expert guidance at each stage of the home selling journey. He or she will set up home showings and open house events, keep you up to date about offers on your residence and help you get ready for a home closing. And if you ever have home selling concerns, a real estate agent will immediately respond to them.
Consult with a real estate agent today, and you can move one step closer to selling your house.
Do you know home selling lingo? If not, miscommunications may arise that prevent you from maximizing the value of your house. Perhaps even worse, you risk making poor home selling decisions due to the fact that you don't fully understand the real estate terms included in a home sale agreement.
Fortunately, we're here to bring clarity to assorted home selling terms that you may encounter as you proceed along the home selling journey.
Let's take a look at three common home selling terms that every property seller needs to know.
Over time, the value of your home may deteriorate due to age, wear and tear and other problems. This is referred to as "depreciation," and depreciation ultimately may impact your ability to get the best price for your house.
To find out how much your house's value has depreciated, it may be worthwhile to conduct a home appraisal before you list your residence. That way, you can analyze your house's strengths and weaknesses. You also can uncover innovative ways to boost your home's appearance both inside and out, thereby ensuring you can set the optimal initial asking price for your residence.
2. House Closing
A house closing refers to the final transfer of ownership from home seller to homebuyer. Thus, once you and a homebuyer are ready to dot the I's and cross the T's on a home sale agreement, you'll complete the house closing process.
During a house closing, all terms of a contract between a home seller and homebuyer must be met. Moreover, the home deed will be recorded, and the house will finally be sold.
The house closing is a key part of the home selling cycle. At this point, a home seller will receive final payment for a house and transfer ownership of the property to the buyer.
3. Real Estate Agent
A real estate agent plays a pivotal role in the home selling process, and for good reason. If you hire an expert real estate agent, you should have no trouble navigating the home selling journey.
Typically, a real estate agent handles all of the tasks associated with listing and selling a house. This housing market professional will help you promote your residence to potential homebuyers, host open houses and home showings and even negotiate with homebuyers on your behalf. Plus, if you receive an offer on a home, a real estate agent can offer honest, unbiased recommendations about whether to accept or reject the proposal.
You don't need to look far to find a qualified real estate agent in your area, either.
Real estate agents are employed across the United States. In fact, if you interview multiple real estate agents in your area, you can find a real estate agent who makes you feel comfortable and confident about selling your house.
Allocate the necessary time and resources to learn various home selling terms. With a clear understanding of home selling terms, you can avoid potential pitfalls throughout the home selling journey.
If this is your first home sale, you might be wondering about what your requirements are in terms of home inspections. A vital step in the closing process, professional home inspections are typically included in real estate contracts as a contingency (the sale is dependent upon their completion).
But, are there any situations in which a seller would get a home inspection?
In today’s post, we’re going to talk about why sellers might want to get their home inspection and how it could be useful to the home sale process overall.
To diagnose problems with your home
When you’re deciding on the asking price of your home, you’ll want to take into account all of the things that could potentially drive that price down. Inspectors will look for a number of issues in your home, which can save you from any surprises when a potential buyer orders their inspection of your home.
The further along in the home sale process when you discover an expensive repair that needs to be made, the more complicated it makes your home sale.
So, if you’re in any doubt about whether your home will need repairs now or in the near future, ordering an inspection could be a safe option.
What do inspectors look for?
When inspecting your home, a licensed professional will look at several things:
Exterior components of your home, such as cracks or broken seals on exterior surfaces, garage door function and safety, and so on.
The structural integrity of your home; checking your foundation for dangerous cracks where moisture can enter and cause damage in the form of mold or breaks in the foundation.
The roof of your home will be checked for things like broken or loose shingles or nearby tree branches that could damage your home or nearby power lines in a storm.
The HVAC system will be tested to make sure it’s running properly and efficiently and also that vents are clean and clear of debris.
Interior components of your home will be checked for safety and damage from things like pests and water damage.
Will the seller still order an inspection if my home just had one?
An inspection contingency is built into almost all real estate contracts to protect the interests of the buyer and seller alike.
In most circumstances, a buyer will want to get their own inspection performed. After all, they don’t know who you went to for an inspection and whether they were licensed in your state.
The bottom line
Ultimately, if you’re planning on selling your home in the near future and aren’t sure if your home may have any underlying issues, it’s usually a good idea to get an inspection to make sure you can plan for any repairs or inform potential buyers of any issues with your home.