Our Real Estate Blog
There's a ton of cleaning and preparation involved in readying your home for resale. When you have pets, there are some extra steps you need to take to make sure your home is ready to be shown to prospective buyers. If you’re reselling without renovation—new carpets, wood flooring, etc.—you want to make sure you make your home as presentable as possible to help buyers envision themselves in it. What time and money should you invest to de-pet your home?
Walls and Doors
A clean freshly painted house goes a long way toward helping your home sale. Before you try to cover up any damage with a coat of paint, think again. Smart buyers look for damage all over the house and will see your feeble attempt at a cover-up as evidence that the home hasn't been taken care of. You will lose interest from excellent potential buyers who think the house likely has hidden issues that will crop up later. Take the time to fill in scratches and gashes to create a clean surface before painting. Check your walls, door frames, doors, and cabinetry for pet damage and mark all the areas that need attention, so you can get to work.
- First, start sanding. Using a sanding block or heavy grit sandpaper go over each area of damage to buff out the surface and make it as smooth as possible. If there are doors or door frames you want to stain instead of paint, it is especially necessary to take the time to minimize significant damage.
- Second, for areas that you will paint take spackle and fill in any gashes that you couldn't buff out all the way. Remember to let the spackle dry before your second round of sanding. Try using a blow dryer to hurry up the drying process, but it is always best to let the spackle dry naturally, to the time listed on the instructions, if you can spare the time. Don’t over spackle and make the drying and cleanup process longer for yourself. Just fill in the holes as needed using as little spackle as possible. When applying the spackle make sure you’re extending the coverage space slightly with each pass blending the repaired part with the rest of the surface you're restoring.
- Third, go over all the spackled areas with sandpaper again. You can start with the coarse paper and move to a less coarse paper for final smoothing. When you're satisfied that the gashes have filled and the surface is level you’re ready to clean and paint.
- Fourth, clean all surfaces with a damp cloth and clean up all dust and debris from the floor. Clean the entire wall or surface you’re going to paint so you can best gauge color match results. If you’re not painting the whole wall or door and are just going to touch up around the repair, you'll want to make sure the paint blends as well as possible. If a lot of sunlight hits the surface, your paint has probably faded a bit, and your new touch up could be glaring.
- Fifth (and last), paint. For best results prime the wall before you paint. Once your primer dries, you're ready to apply paint. Start with light coats and as with the spackle slowly fade the paint out from the repair over the rest of the surface. Let the first coat dry and check your color matching. If the repaired area is too glaring, consider painting the entire wall, door or cabinet for best results. Note: just because you repaint a bedroom wall doesn’t mean you have to repaint all of them. If you’re painting with the same color that is already on the walls the overall difference from one wall to the other won’t be noticeable if you paint the whole wall, instead of one spot alone.
With walls, door, and doorframes done, you're ready to move onto carpet and wood flooring. Check out part 2 and 3 of this series for more tips and instructions.
If you’re reselling and aren’t sure what repairs to make before selling ask your real estate agent for advice on where to invest your time and money before resale.
Selling a house is no small feat, particularly in a competitive real estate market. As such, home sellers may be prone to make mistakes if they don't plan ahead for potential pitfalls.
Common home selling mistakes include:
1. Listing a Home Without Performing Housing Market Research
Let's face it – selling a house can be stressful. In many instances, home sellers will want to speed through the home selling journey – something that may lead these sellers to list residences without evaluating the real estate market in advance.
Spending even a few minutes looking at the prices of homes in your city or town may make a world of difference. Ultimately, the more housing market research that you perform, the more likely it becomes that you'll be able to optimize the value of your house.
Take a look at the prices of available homes in your city or town that are similar to your own. Also, evaluate the prices of recently sold houses in your area. With this housing market data at your disposal, you'll be better equipped than ever before to price your residence competitively and boost your chances of a profitable home sale.
2. Accepting an Initial Offer on a Residence
The first offer that you receive on a residence may prove to be the best offer. However, in some cases, the initial offer may fall short of your expectations.
Immediately accepting the initial offer on a residence may prove to be costly. Fortunately, a home seller who understands the housing market can take a data-driven approach to determine how to proceed with any offer, at any time.
Performing a home appraisal before you list your residence can provide valuable insights into a property's value. Then, you can list your house for a competitive price, one that helps generate substantial interest in your house and may lead to offers at, near or above your initial asking price.
In addition, don't forget to consult with a real estate agent. If you receive a home offer and are unsure about whether to accept, reject or counter it, a real estate agent can provide expert advice to help you make an informed decision.
3. Ignoring a Real Estate Agent's Recommendations
A seller's agent is committed to helping you optimize the value of your residence, and this housing market professional will offer recommendations as you sell your house to ensure you that can get the best results possible.
If you ignore a real estate agent's recommendations, you may miss out on a golden opportunity to sell your house. A real estate agent provides housing market analysis and insights, along with honest, unbiased recommendations about how to overcome a wide range of home selling hurdles.
Furthermore, a real estate agent always has a home seller's best interests in mind. This housing market professional also is available to respond to a home seller's questions, guaranteeing that a home seller is fully supported at each stage of the home selling journey.
Ready to sell your house? Collaborate with a real estate agent, and you should have no trouble achieving your desired results.
Getting the best price for your residence can be easy, particularly if you allocate the necessary time and resources to become a smart home seller.
What does it take to become a smart home seller? Here are three tips to help you do just that.
1. Analyze the Housing Market Closely
The housing market can be tricky to navigate, especially for a first-time home seller. Fortunately, those who spend some time reviewing the real estate sector closely can identify housing market patterns and trends and plan accordingly.
For example, a home seller should check out the prices of comparable houses in his or her area. This will enable a property seller to understand how his or her home stacks up against the competition.
A home seller also should review the prices of recently sold homes. This will allow a home seller to differentiate between a buyer's market and a seller's market.
2. Take a Look at Your Home – Both Inside and Out
When a homebuyer views your house for the first time, will your residence make a positive first impression? If you're unsure, you may want to conduct a home appraisal as soon as possible.
A home appraisal allows a property inspector to examine your residence both inside and out. That way, you can identify any potential problems with your residence and make home improvements as needed.
There are many quick, simple ways to enhance your property's appearance without breaking your budget too.
For example, mowing the front lawn and trimming the hedges can help you transform an ordinary home exterior into an exceptional one.
Or, if you want to upgrade your house's interior, eliminating clutter usually is a great idea. Removing unwanted items from your house will help you free up space so you can show off the true beauty of your residence's interior.
3. Work with a Real Estate Agent
No one should be forced to navigate the home selling journey alone. Lucky for you, real estate agents are available who can help you seamlessly add your home to the housing market and optimize your residence's value.
A real estate agent will meet with you to understand your home selling goals. Then, he or she will help you map out a home selling journey, one that guarantees you can generate plenty of interest in your residence as soon as it becomes available.
Usually, a real estate agent will help you get your home ready to add to the real estate market. He or she will offer honest, unbiased home improvement recommendations so you can upgrade your residence in no time at all.
Perhaps best of all, a real estate agent will set up home showings, promote your residence to homebuyers and negotiate with property buyers on your behalf. And if you ever have home selling concerns or questions, a real estate agent will be happy to respond to them instantly.
Take the guesswork out of selling your home – use the aforementioned tips, and you can become a smart home seller.
If you plan to sell a house, it can be easy to try to rush through the home selling cycle. However, doing so may do more harm than good, particularly for home sellers who want to maximize their profits.
Ultimately, a wait and see approach can be beneficial for a home seller. Some of the key reasons to consider taking a wait and see approach to selling a house include:
1. You can clean your house from top to bottom.
A messy home is unlikely to generate interest from large groups of homebuyers. Comparatively, a neat, tidy and pristine home is sure to stir up plenty of interest once it reaches the real estate market.
If you spend some time enhancing your house's interior and exterior, the benefits can be substantial. In addition to making your residence more attractive to homebuyers, you may be able to raise your chances of receiving offers at or above your initial asking price.
To clean your house's interior, you should spend some time mopping the floors, wiping down walls and ceilings and doing whatever you can to make each room look great. Meanwhile, to improve your house's exterior, you may want to mow the front lawn, trim the hedges and do everything possible to ensure your house has plenty of curb appeal.
2. You can conduct a comprehensive home appraisal.
A home seller who immediately adds a residence to the real estate market might not understand what his or her house is worth based on the current housing market's conditions. As such, this home seller risks pricing his or her house too high or too low.
Conversely, if you perform a home appraisal, you can set a competitive price for your residence from day one. This appraisal also will enable you to identify your home's strengths and weaknesses and find ways to transform assorted weaknesses into strengths.
Employ an experienced home appraiser to evaluate your house – you'll be glad you did. With a top-notch home appraiser at your side, you can receive the expert insights that you need to price your house appropriately.
3. You can discover the right real estate agent.
When it comes to selling a house, why should you be forced to work with an inferior real estate agent? Unfortunately, if you rush to add your residence to the real estate market, you may select the first real estate agent that you meet. And in this scenario, you risk making a poor choice.
On the other hand, a home seller who takes a wait and see approach can spend some time evaluating many real estate agents. Then, this home seller can make an informed selection and increase his or her chances of enjoying a successful home selling experience.
There is no reason to hurry through the home selling journey. Instead, deploy a wait and see approach, and you should have no trouble remaining patient and capitalizing on the right opportunities to maximize the value of your house.
Selling a house is a simple process if you have a real estate professional to guide you along the way. It can be a lot trickier when you are trying to do it alone, on your own with just a little help when you are ready to sell.
If you are planning on selling your property over the next few years, you can do so with knowledge about the right information that can get you what you need.
With that, the following are some of the best dates to try and sell a house according to industry data:
The first month to try and sell a home is in May. Studies have shown that this one is the best month to sell. Why?
- Studies have shown that during this time homeowners receive offers that are 5.9 percent above estimated market value. Nearly six percent is a high number considering that most buyers are also trying to save money on their purchases.
- May is a peak month where buyer interest in a property is at a high point.
It is also good to try to sell a house during summer. When the heat is on, people love to be pampered by cool air, and they often agree to come to an open house when there is an air conditioning unit that is on full blast and maybe a refreshing drink or two. The advantage between the buyer and the seller often favors the seller during the summer because the buyer wants to settle in before the fall.
Families are also much more willing to make a purchase and move during the summer since the kids have finished with the school year. They can move from one state to another without overthinking about how the kids might adjust to a new school in the middle of the term.
If you plan on selling anytime, you can try listing your property after winter and wait out the market until summer. This step gives you a better view of the kind of buyer that you want to accommodate.
Now that you know the proper information on the date that you are selling your house, it is essential that you stay up to date. In the end, it is best to hire a real estate professional who can help you get the best deal when you are ready to sell.