Kandi Pitrus' Blog
After you receive an offer on your home, how should you respond? Ultimately, there are many questions for a home seller to consider before accepting a proposal, including:
1. What is my home worth?
Did you get your home appraised before you added it to the real estate market? If so, you may want to review a home offer in contrast to your home appraisal. This will give you a better idea about whether the offer is "fair" based on your home's condition.
If you have not received a home appraisal, there's no need to worry. In fact, there are many ways to assess your home to determine whether to accept or decline a proposal.
Check out the prices of comparable residences in your city or town. This will enable you to see how these houses are priced and better understand how to proceed with an offer.
Also, review the prices of homes that recently sold in your area. With this information, you can learn about the current state of the housing market.
2. Are there any other offers to consider?
As a home seller, you'll likely have 24 to 48 hours to respond to an offer on your residence. But if you receive multiple offers at the same time, you'll want to evaluate these proposals in conjunction with one another.
Even if you receive two offers for the exact same price, these proposals may differ.
For example, a homebuyer who has financing in hand will be able to streamline the process of going from homebuyer to homeowner. On the other hand, a homebuyer who submits an offer without financing in hand may require additional time to secure a mortgage from a bank or credit union.
Take a close look at all of the offers on your home. Review these proposals with a fine-tooth comb, and you'll be able to make an informed decision.
3. Does this offer meet or exceed my expectations?
An offer on your home may fall short of your initial asking price, but this offer can still meet or surpass your expectations.
Consider what you hope to accomplish as a home seller as you review an offer.
For instance, if your goal is to sell your home as quickly as possible, you may be more inclined to accept one of the first offers you receive. Or, if you can afford to remain patient, you may want to take a wait-and-see approach to ensure you get an offer that matches or exceeds your initial asking price.
4. What will happen if I accept the offer?
After you accept an offer on your home, a homebuyer likely will want to complete a home inspection.
If the home inspection goes well, the homebuyer probably will proceed with his or her purchase. If it does not, you may need to complete home maintenance or repairs to finalize the purchase agreement.
Remember, if you accept an offer, there are still several steps that will need to be completed before you sell your house. With an expert real estate agent at your side, you'll know exactly what to expect at each stage of the home selling process.
In some instances, a home seller has limited time and resources to list his or her house and promote it to prospective buyers. Fortunately, there are many ways for a seller to make the most of his or her time and resources throughout the property selling journey.
Now, let's take a look at three tips to help a house seller get the most out of his or her time and resources.
1. Create a Plan
A home selling strategy can make a world of difference for any seller, at any time. Because if a seller knows what to expect after he or she lists a residence, this individual can plan accordingly.
As you put together a home selling strategy, think about your property selling goals. Then, you can determine the steps you'll need to take to achieve these goals – something that may help you streamline the house selling journey.
2. Learn About Your Target Audience
Consider the buyer's perspective – you'll be glad you did. If you understand why buyers may consider your residence, you can ensure your home listing hits the mark with them. And as a result, you could boost your chances of enjoying a fast, profitable home selling experience.
Don't forget to analyze your home's strengths and weaknesses too. Oftentimes, it is beneficial for a seller to conduct a house inspection before he or she lists a residence. With an inspection report in hand, a seller can identify any underlying home problems and correct these issues before they can slow down a potential home sale.
3. Hire a Real Estate Agent
If you need help to sell your home, you can always hire a real estate agent. There are many qualified real estate agents available in cities and towns nationwide, and these housing market professionals will do everything possible to ensure you can optimize your time and resources throughout the house selling journey.
A real estate agent understands the home selling journey varies from person to person. As such, he or she first will meet with you and find out why you are selling your residence. Next, a real estate agent will provide a personalized home selling strategy. A real estate agent then will promote your residence to prospective buyers, host home showings and open house events and much more.
Of course, if you receive an offer to purchase your house, a real estate agent is ready to help you determine the best course of action as well. Performing an in-depth analysis of a homebuying proposal sometimes can be difficult, but a real estate agent is happy to help you make an informed home selling decision.
For those who are looking to achieve the best-possible results during the property selling journey, it generally is beneficial to explore ways to maximize your time and resources. Thanks to the aforementioned tips, you'll be better equipped than ever before to use your time and resources to enjoy a quick, successful home selling experience.
Listing a home may prove to be challenging, particularly for a first-time house seller. Fortunately, there are lots of things you can do to prepare for the housing market.
Now, let's take a look at three tips to help you get ready to list your home.
1. Upgrade Your Home's Curb Appeal
How your home looks to prospective buyers will have major ramifications on your house selling experience. If you allocate time and resources to enhance your residence's curb appeal, you could help your house stand out to potential buyers.
To boost your home's curb appeal, mow the lawn, trim the hedges and perform other home exterior upgrades. Also, you should repair any cracked or damaged home siding.
Don't forget to clean your home interior, too. If you mop the floors, wipe down countertops and perform other house cleaning, you can help buyers fall in love with your residence as soon as they walk through the front door.
2. Craft an Engaging Home Listing
Why should you be forced to settle for an "ordinary" home listing? Instead, explore ways to differentiate your home listing from all others.
To create an engaging home listing, you should highlight your home's strengths. If your residence provides convenient access to local parks and attractions, for instance, you may want to include this information in your listing. Or, if your residence boasts a beautiful swimming pool, you may want to include photos of your pool in your listing.
In addition, provide accurate information about your home in your listing. This ensures homebuyers can make an informed decision about whether your house matches or exceeds their expectations.
3. Hire a Real Estate Agent
When it comes to listing a home, there is no reason for a seller to work alone. If you hire a real estate agent, you can get the help you need to seamlessly navigate the house selling journey.
A real estate agent is happy to meet with you, evaluate your residence and help you determine if your house will generate significant interest from buyers. He or she can provide tips and recommendations to help you upgrade your house before you list it. Plus, a real estate agent will provide expert guidance at each stage of the house selling journey so you can optimize your home sale earnings.
Let's not forget about the assistance that a real estate agent provides after you receive an offer to purchase your home, either. At this point, a real estate agent can help you decide whether to accept, reject or counter this proposal. And if you accept the offer to purchase, your real estate agent then will help you finalize your house sale.
If you are preparing to list your home, it helps to plan ahead for the house selling journey. Thanks to the aforementioned tips, you can get your house ready for the real estate market. And as a result, you could boost the likelihood of enjoying a fast, profitable home selling experience.
Preparing to list a house can be a stressful time for any home seller. Fortunately, we're here to help you alleviate stress as you get ready to add your home to the real estate market.
Now, let's take a look at three tips to help you minimize stress as you prepare to list your residence.
1. Reach Out to Family Members and Friends for Help
Family members and friends generally are ready to lend a helping hand whenever they can. As such, you should reach out to loved ones to help you reduce stress as you get ready to sell your house.
Remember, family members and friends have your best interests in mind. These loved ones will do whatever they can to assist you, even tough jobs like helping you clean your residence or remove clutter. Thus, you can work with family members and friends to ensure you can prepare your residence for the real estate market in no time at all.
2. Don't Hesitate to Contact Professionals
Perhaps one of the best ways for a home seller to minimize stress is to hire professional assistance. Because if you have professionals at your disposal, you can get the help you need to instantly enhance your house.
Whether it's home cleaners, landscapers or other professionals, you can quickly and effortlessly find plenty of top-notch professionals in your area to help you complete various home upgrades. If you hire any of these professionals today, you can accelerate the process of prepping your house for the real estate market.
3. Collaborate with a Real Estate Agent
If you intend to sell your house and want to get the best-possible results, you should hire a real estate agent. With a real estate agent at your side, you can receive expert support to help you manage stress at each stage of the home selling journey.
Typically, a real estate agent will meet with you to learn about you and your home selling goals. He or she then will craft a personalized home selling strategy designed to help you accomplish your desired results as quickly as possible. Plus, a real estate agent can offer plenty of tips to help you upgrade your residence prior to adding it to the housing market.
A real estate agent will go above and beyond the call of duty throughout the home selling cycle too. He or she will set up open houses and home showings, promote your residence to the right groups of buyers and help you review offers to purchase your residence. Furthermore, if you ever have concerns or questions during the home selling journey, a real estate agent is happy to respond to them.
Stress can be problematic, particularly for a home seller who is unsure about how to prep his or her residence for the real estate market. Thanks to the aforementioned tips, you should have no trouble improving your residence and ensuring it stands out to potential buyers.
Ready to embark on a new adventure? List your house, and you may reap the benefits of your decision for years to come.
Ultimately, there are many reasons why you should consider kicking off the home selling journey today, and these include:
1. You could profit from a home sale.
Diligent home sellers generally have no problem showcasing their properties to dozens of prospective buyers and generating significant profits. If you know how to effectively promote your residence to property buyers, you could enjoy substantial profits from your home sale.
Oftentimes, it helps to bolster a house's curb appeal prior to adding a residence to the real estate market. A home only gets one chance to make a positive first impression on buyers. And if your residence boasts a dazzling front lawn, pristine siding and other stunning exterior features, it may be better equipped than other properties to stir up interest from buyers.
You may want to get your house appraised too. This ensures you can get a property valuation from a home appraiser and establish a competitive initial asking price for your residence.
2. You can upgrade or downsize.
Although your present home may have suited you perfectly when you initially bought it, now may be a good time for a change. Fortunately, you can upgrade or downsize as needed if you sell your home.
Think about your current living situation and future plans. Then, you can simultaneously list your residence and search for a new house that matches your criteria. And once you finalize your home sale, you can seamlessly relocate to a new address.
3. You can live closer to family members and friends.
If you enjoy spending time with family members and friends, you may want to find a house that is close to these loved ones. Meanwhile, if you currently are forced to deal with a long commute to visit loved ones, listing your house may help you take the first step to live near family members and friends.
When it comes to finding a house near loved ones, it may be beneficial to hire a real estate agent as well. A real estate agent can help you list your current residence and search for a new home close to family members and friends. That way, you can get the support you need to accomplish your desired goals.
During the home selling process, a real estate agent will showcase your residence to potential buyers and negotiate with a buyer's agent on your behalf. He or she also will respond to any concerns or questions that you may have throughout the house selling journey.
Furthermore, if you need to find a new home once you sell your current residence, a real estate agent is happy to assist you. This housing market professional can keep you up to date about available properties in your preferred cities and towns and help you find your dream residence.
Hire a real estate agent today, and you can receive expert guidance any time you want to sell or buy a house.