Samson Kimani's 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.
Selling a home may prove to be difficult, particularly for individuals who strive to maximize their day-to-day productivity. In many instances, the time and costs associated with listing a home, promoting it to potential buyers and performing other home selling tasks can add up quickly. But if you know how to act as a productive home seller, you should have no trouble maximizing the time and resources at your disposal.
What does it take to become a productive home seller? Here are three tips to help you maximize your productivity throughout the home selling process.
1. Remove Clutter
Clutter will only slow you down during the home selling cycle. As such, you'll want to do everything you can to minimize clutter prior to listing your residence.
Artwork, photographs and other personal mementos in your home should be placed in storage until you sell your residence. That way, you can free up space in your house, as well as make it easy for homebuyers to envision what life might be like if they acquire your residence.
Also, if you have items that you no longer need, don't hesitate to sell or donate these items. And if you own items that are broken or damaged, you should dispose of these items altogether.
2. Understand the Home Selling Process
When it comes to the home selling process, it pays to be diligent. If you understand what to expect before you list your house, you'll be better prepared than ever before to handle any home selling challenges that might come your way.
Furthermore, think about the buyer's perspective during the home selling cycle – you'll be glad you did. A homebuyer wants to find a home that delivers exceptional value. As a home seller, you'll want to do whatever you can to show a buyer that your house is the ideal choice.
For home sellers, it pays to consider what you'll need to do to promote your house to the right groups of potential buyers. If you plan ahead and learn about the home selling process, you can make informed choices that may help you get the best price for your residence.
3. Collaborate with a Real Estate Agent
A real estate agent is committed to client satisfaction, and as a result, will go above and beyond the call of duty to help you maximize your productivity. This housing market professional will offer expert recommendations throughout the home selling journey to make it simple to achieve your desired results. Plus, he or she will set up home showings, keep you up to date about offers on your house and much more.
It helps to hire a real estate agent who understands the ins and outs of the housing market in your area. With this real estate agent at your side, you can quickly and effortlessly navigate the home selling cycle.
Stay productive as you sell your house – use the aforementioned tips, and you can increase the likelihood of a quick, seamless home selling experience.
Adding a quality home to the real estate market offers no guarantees. And if you fail to set a competitive initial asking price for your residence, your home may linger on the housing market for many weeks or months. Fortunately, we're here to teach you about the real estate sector and ensure you can use your home's initial asking price to differentiate your residence from the competition.
Now, let's take a look at three tips to help you establish the right price for your house prior to listing your residence.
1. Analyze the Housing Market
The housing market is tough to navigate, particularly for a seller who wants to separate his or her residence from the crowd. Thankfully, an informed home seller can review housing market data and use this information to establish a price range for his or her house.
A home seller who assesses the real estate sector can differentiate a buyer's market from a seller's one. This seller will collect and analyze housing market data related to the prices of recently sold residences and how long these houses were listed before they sold. Then, this seller can determine whether he or she is preparing to enter a buyer's or seller's market.
2. Conduct a Home Inspection and Appraisal
Although a home inspection usually is requested by a buyer after a seller accepts an offer to purchase, it may be beneficial for a seller to conduct an inspection before listing a home. An inspection enables a seller to identify problem areas in a residence. As a result, a seller can use an inspection report to prioritize home improvement projects, complete home repairs and boost the value of his or her house.
A home appraisal also may prove to be exceedingly valuable to a seller. In fact, an appraisal provides a seller with a property valuation that he or she can use to establish a competitive initial home asking price.
3. Hire a Real Estate Agent
There is no telling how homebuyers will respond to a new house that becomes available. Lucky for you, a real estate agent can help you plan ahead to list your house and ensure you can establish a competitive price for your home from day one of the property selling journey.
A real estate agent is an expert resource that you can leverage when you sell your house. He or she can help you review housing market data from a variety of sources. Furthermore, a real estate agent can put you in touch with the top home inspectors and appraisers. Perhaps best of all, a real estate agent takes the guesswork out of pricing a house and will help you set an initial home asking price that matches buyers' expectations.
When it comes to selling your house and maximizing its value, there is no need to work alone. If you hire a real estate agent today, you can get the help you need to showcase your residence to prospective buyers and boost the likelihood of a profitable home sale.
Home sellers often face an uphill climb to maximize the value of their residences, and perhaps it is easy to understand why.
In many instances, dozens or hundreds of home sellers may compete against one another to generate interest in their properties. Plus, home sellers who fail to allocate the necessary time and resources to enhance their residences may struggle to differentiate their houses from others.
Fortunately, there are many quick, easy ways for home sellers to gain a competitive edge in any real estate market, at any time. Some of the best ways for home sellers to gain a competitive advantage over rivals include:
1. Focus on Improving Your Home's Curb Appeal
You only get one chance to make a positive first impression on homebuyers, so why not make the most of it? Ultimately, home sellers who spend some time revamping a house's curb appeal may be able to generate substantial interest from homebuyers.
Simple home exterior maintenance tasks such as mowing the front lawn, trimming the bushes and clearing walkways can make a world of difference in homebuyers' eyes. Thus, home sellers who complete various home exterior enhancements could accelerate the home selling process.
2. Be Ready to Act Quickly on Offers
As a home seller, try to be as flexible as possible, particularly when it comes time to accept, reject or counter a homebuyer's offer.
A home seller who conducts plenty of housing market research will understand the true value of his or her residence. As such, this home seller will be able to act quickly and determine whether a homebuyer's proposal meets his or her needs.
In addition, be ready to negotiate with homebuyers. And remember, if a homebuyer submits an initial offer that is close to your expectations, you can always counter his or her proposal.
3. Collaborate with a Real Estate Professional
When it comes to selling a home, there is no better option than hiring an experienced real estate agent.
Your real estate agent will help you set up home showings and open houses, keep you up to date about offers on your residence and help you handle home selling negotiations. This real estate professional also can provide feedback about your home, ensuring that you can make the necessary home improvements to help your residence stand out from others.
Furthermore, your real estate agent is ready to respond to your home selling concerns and queries at any time. If you ever have questions about how to price your home competitively or how to proceed with an offer on your house, your real estate agent will be able to offer expert guidance.
With an experienced real estate agent at your side, you can navigate the home selling process with ease. This real estate professional will go the extra mile to ensure that your residence will impress homebuyers. As a result, your real estate agent can help you gain a competitive edge over home selling rivals.
If you want to increase the value of your home there are certain things that you can do to make sure that you get the most for your money when it comes to the sale of your property. One barrier to activities that increase the value of your home is that you only have so much time and money that you can invest before the home goes on the market. Take a look at these tips to increase the value of your home by quite a lot.
Clean Out Your Home And Stage It
You don’t need to make expensive changes to your home in order to make an appearance. If you take the time to clear out the clutter of your home and stage it, it will look like a brand new place. No one wants to see piles of papers, dog toys, and crumbs as they walk through a potential home that they might buy. The difference that cleanliness and a little maintaining of your home makes can be huge.
Make A Great First Impression
Messy yards and exterior issues on your home can really cost you quite a bit when trying to sell your home. If things appear disarrayed and broken around the outside of the home, you need to clean it up before you sell it. To add some spice to your curb appeal, you can do things like add some potted plants to the front of the yard. This is so simple, yet can make such a huge difference.
Pay Special Attention To Your Kitchen And Bathroom
Doing something as simple as adding fresh paint to the bathroom and kitchen can really add a lot of charm to your home. While you may not have the funds to do a complete renovation of these rooms a simple “cleanup” of the spaces can help.
As much fun as DIY jobs are, sometimes hiring a professional can really make a huge difference. If you’re not too keen on the type of job that you’re undertaking you should really hire a professional.
Another professional that you may want to hire is a real estate agent to help you sell your home. Realtors are experienced in marketing homes and understand the complete process from home showings through the closing on the sale. While you may think that you can sell the home on your own, you’ll get a much better return if you leave it to the experts.
As you can see, these simple actions are a great way to increase the value on your home when you’re ready to sell. Take your time, and get a better return on your property investment.