Our Real Estate Blog
Is now the right time to lower the asking price for your residence? If you've studied the housing market closely, set an aggressive price for your home and are still struggling to generate interest in your residence, the answer to this question may be a resounding "Yes."
Ultimately, there are many reasons why you may want to consider lowering the asking price for your house, including:
1. It has been many weeks or months since the last home showing.
Although your home listing initially may have stirred up plenty of interest, homebuyers have shied away from your residence over the past few weeks or months. Thus, there may be no time like the present to lower your house's asking price to widen your net of prospective homebuyers.
Reducing your house's asking price by even a few thousand dollars may help you generate interest in your residence. And in the days following a price drop, you may notice a significant increase in the number of requests for home showings as well.
2. Your home asking price no longer corresponds to the current real estate market's conditions.
A seller's market can quickly morph into a buyer's market. As such, you should evaluate the real estate sector regularly to ensure your home asking price corresponds to the current housing market's conditions.
Take a look at available houses that are similar to your own – you'll be happy you did. This housing market data can help you determine if your house is priced appropriately based on the competition.
Also, examine the prices of recently sold houses in your city or town. That way, you can see how long these residences were available before they sold, find out whether you're operating in a buyer's or seller's market and plan accordingly.
3. You need to sell your house as soon as possible.
If you face a time crunch to sell your home, you should establish an aggressive price for your residence from the get-go. However, if you fail to generate substantial interest in your residence, you may need to act fast to lower your home asking price to meet your deadline.
For those who want to avoid the possibility of lowering a house's asking price, it often pays to work with a real estate agent. This housing market professional can help you establish a fair, competitive price for your residence, one that should help you stir up significant interest in your home.
In addition, a real estate agent will work with you throughout the home selling process. He or she will set up home showings, host open houses and negotiate with homebuyers on your behalf. Perhaps best of all, a real estate agent is happy to respond to your home selling questions and ensure you can make informed home selling decisions.
Before you lower your home asking price, consult with a real estate agent. By doing so, you can get the expert home selling advice that you need to determine whether to wait out the current housing market or reduce the price of your residence.
Once you’re ready to sell your home, you want to be sure that your home is smelling fresh. There’s a few sneaky odors that can creep into your home for various reasons. The consequences of horrible smells when you’re selling your home are really not good. Read on to prevent funky odors from turning off buyers from your home.
Food That’s Past Fresh
Whether your garbage disposal is a bit clogged and could use a cleaning or your fridge hasn’t been purged in awhile, these things could be causing a stink. Make sure you stay on top of leftovers and take care of anything that may be in the refrigerator for too long.
Clean your garbage disposal often. It’s simple to make a “volcano” by throwing some baking soda down there and then pouring vinegar over it, allowing everything in the disposal to bubble up. You can even put a lemon or lemon juice in the disposal in order keep a good smell going.
That Wet Dog Smell
Any kind of animal will leave some sort of odor in your home. Whether you have a dog, a hamster, birds, or cats, you’re going to need to freshen up your space. Keep the litter box changed and add some baking soda for a bit of freshness. Make sure to remove any stains on your carpets or floors as well. If a piece of furniture or a carpet is to blame for the strong odors, you may need to remove that piece from your home completely to get the stench out.
Your Air Conditioning Smells Bad
Since water can build up inside of your air conditioning unit, sometimes, a bit of maintenance is necessary. AC units must be cleaned regularly in order to keep strange smells away.
Something Smells Musty
A musty smell usually spells a water leak. Whether it’s in your basement or under your sink, you need to correct leaks in order to get to the root cause of musty smells.
Clean A Carpet With Vodka
You can put some cheap vodka in a spray bottle in order to clean a carpet. This technique can be used for more troublesome areas of the rug. As the alcohol evaporates, so won’t the odors that are filling your home.
The Air In Your Home Is Stagnant
When the air in your home smells kind of stale, you’ll need to get the air circulation back in the house again. This can be easily remedied just by opening the windows. Even if it’s cold outside, it’s good to get the air circulating in your house again. This simple action effectively changes the air in your home without any fancy chemicals or techniques.
A successful home selling journey allows a property seller to quickly and effortlessly generate interest in his or her residence and finalize a house sale. For those who want to enjoy a successful home selling journey, it is vital to prepare as much as possible.
Completing a successful home selling journey may prove to be difficult. If you fail to plan ahead, you may encounter problems that slow down or stop the home selling cycle. Fortunately, there are lots of things that you can do to put yourself in the best position to succeed when you sell your home.
Now, let's take a look at three tips to help you achieve your desired results when you sell your house.
1. Upgrade Your Home's Curb Appeal
Your home may only get a single chance to make a positive first impression on a buyer. However, if you devote time and energy to upgrade your house's curb appeal, you can boost the likelihood that your residence will hit the mark with prospective buyers.
Mow the lawn, trim the hedges and perform other lawn improvement tasks to differentiate your house from the competition. Also, you should repair or replace any damaged home siding.
2. Establish an Aggressive Initial Asking Price for Your Home
How you price your home may dictate your house selling journey. If you establish an aggressive initial asking price for your residence, you may find that buyers are drawn to your house as soon as it becomes available.
Oftentimes, it helps to conduct an appraisal prior to listing a house. A home appraisal enables you to receive a property valuation that may help you determine how to price your house.
You may want to perform a home inspection as well. With an inspection report in hand, you can prioritize home repairs and upgrades and ensure your house stands out to buyers.
3. Work with a Real Estate Agent
If you want expert support as you navigate the home selling journey, you should hire a real estate agent. In fact, a real estate agent goes above and beyond the call of duty to guarantee house sellers can achieve their desired results.
A real estate agent will help you add your home to the local real estate market, share information about your house with buyers and much more. Furthermore, if you receive an offer to purchase your home, a real estate agent will help you analyze this proposal from all angles. And if you decide to accept an offer to purchase your residence, a real estate agent will make it simple for you to finalize your home sale.
In addition, a real estate agent is ready to respond to your house selling concerns and questions. He or she will provide you with comprehensive guidance throughout the home selling journey, and by doing so, help you enjoy a successful house selling experience.
Ready to list your home? Use the aforementioned tips, and you can streamline the house selling journey.
For a home seller, hosting an open house can be a double-edged sword.
On the one hand, an open house provides an opportunity to showcase your residence to large groups of prospective homebuyers. Conversely, hosting an open house also requires lots of preparation, and getting ready for an open house may prove to be overwhelming, time-consuming and costly.
Lucky for you, we're here to help host an unforgettable open house.
Now, let's take a look at three factors that a home seller needs to consider before an open house.
1. The Current Condition of Your Home
Although you might believe that your home is currently open house-ready, it may need some work. Fortunately, there are many ways to learn about the strengths and weaknesses of your residence and plan your open house accordingly.
For example, a home appraisal may prove to be exceedingly valuable. This appraisal enables a home inspector to review your residence both inside and out. Then, he or she can offer home improvement recommendations so that you can upgrade your residence as needed.
Take a home appraisal report seriously. By doing so, a home seller can transform an ordinary residence into one that matches or exceeds homebuyers' expectations during an open house.
2. The Home's Interior or Exterior
Homebuyers are drawn to residences that feature dazzling gardens, clutter-free interiors and other stunning features. Thus, a home seller who dedicates the necessary time and resources to bolster a house's interior and exterior can increase the likelihood of hosting a successful open house.
To improve a home's interior, a home seller can scrub the floors, clean the walls and ceilings and perform assorted home interior maintenance and improvements. In addition, a home seller should depersonalize and declutter a home's interior as much as possible.
Comparatively, to enhance a house's exterior, a home seller should mow the front lawn, clear debris and dust from exterior walkways and ensure the house looks great to passers-by. With simple home exterior improvements, a home seller can boost a house's curb appeal and help a home stand out from other available residences.
3. Your Real Estate Agent
Let's face it – prepping for an open house can be stressful. However, a real estate agent can help a home seller get ready for the best- and worst-case scenarios.
A real estate agent will help a home seller prepare his or her residence for an open house. Next, he or she will promote the open house to potential homebuyers and collect feedback from them throughout the event.
After an open house reaches its conclusion, a real estate agent will offer honest, unbiased insights into the event. He or she also will keep you up to date about any potential home offers and ensure you can make informed home selling decisions.
Take the guesswork out of preparing for an open house. Consider the aforementioned factors, and you can get your residence ready for an open house in no time at all.
Curb appeal is a difference-maker during the home selling process. If you understand how to upgrade your residence's curb appeal, you may be better equipped than ever before to enjoy a fast, profitable house selling experience.
Now, let's take a look at three tips to help you improve your house's curb appeal.
1. Prioritize Lawn Care and Maintenance
If your lawn is covered in weeds and high grass, it may be overdue for a trim. Fortunately, you can mow the lawn, trim the hedges and perform assorted home lawn care and maintenance tasks to upgrade your residence's curb appeal in no time at all.
Of course, if you want expert lawn care assistance, you can always hire a home landscaping company. A typical home landscaping company employs friendly, knowledgeable lawn care specialists who can help you improve your lawn and bolster your house's curb appeal.
2. Eliminate Clutter
Lawn decorations may help you differentiate your home from others in your neighborhood. At the same time, these decorations may actually diminish the appearance of your home in the eyes of potential buyers. Also, lawn decorations may make it tough for buyers to envision what life may be like if they purchase your residence.
Remove lawn decorations, because if you have a clutter-free lawn, you can show buyers the true size and beauty of your lawn. And as a result, buyers may fall in love with your residence as soon as they see it.
3. Perform Home Exterior Repairs
If you notice cracked or chipped siding or other home exterior issues, don't wait to correct these problems. Because the longer you wait to perform home exterior repairs, the longer it may take to sell your residence.
For those who are uncomfortable about completing home exterior repairs on their own, it may be beneficial to hire a contractor. This professional will dedicate the necessary time and resources to ensure your home's exterior will impress buyers.
As you search for ways to improve your house's curb appeal, you may want to hire a real estate agent as well. In addition to offering recommendations about how to bolster your home's overall appearance, a real estate agent can serve as an expert guide along the property selling journey.
A real estate agent is happy to help you list your house, promote it to prospective buyers and host home showings and open house events. Plus, if you receive an offer to purchase your residence, a real estate agent can provide recommendations about whether to accept, reject or counter this proposal. A real estate agent will even negotiate with a buyer's agent on your behalf so you can maximize your house sale earnings.
Spend some time upgrading your residence's curb appeal – you'll be glad you did. If you can improve your home's curb appeal, you may be able to stir up lots of interest in your residence and reap the benefits of a quick, seamless house selling experience.