Karen Lawley's Blog
Selling a home may seem exceedingly difficult, particularly for a first-time property seller. However, if you receive an offer on your residence that falls just short of your initial expectations, you may be able to negotiate with a homebuyer.
How you handle a negotiation with a homebuyer may dictate how quickly you sell your residence.
If you're unwilling to understand a homebuyer's point of view, you risk missing out on an opportunity to get the best results from your home sale.
On the other hand, if you stay calm throughout a home selling negotiation, you may be better equipped to understand a homebuyer's perspective. This may help you find common ground with a homebuyer and ensure you can speed up the home selling cycle.
What does it take to remain calm during a home selling negotiation? Here are three tips to help home sellers maintain their composure throughout a negotiation.
1. Keep Your Emotions in Check
A home selling negotiation can be stressful. But home sellers who manage to keep their emotions in check can boost their chances of a quick home sale.
If you feel stressed during a home selling negotiation, don't hesitate to take a step back and look at the big picture.
Remember, your ultimate goal is to sell your residence. With the lines of communication open, you and a homebuyer can work together to ensure all parties involved in a negotiation are satisfied with the end results.
2. Look at All of the Options at Your Disposal
If a home selling negotiation goes south, there is no need to panic. Instead, consider all of the options at your disposal, and you'll be able to determine how to proceed from here.
For home sellers, it is essential to note that many homebuyers are on the lookout for high-quality residences in cities and towns around the country. Thus, if a negotiation with a homebuyer fails to work out, you can continue to promote your house on the real estate market.
3. Work with a Real Estate Agent
A real estate agent is a must-have for many home sellers, and for good reason. This housing market professional will handle a home selling negotiation and ensure you can seamlessly navigate the entire home selling journey.
Typically, a real estate agent can negotiate with a homebuyer on your behalf. He or she will keep you up to date about any homebuyer requests and offer honest, unbiased home selling suggestions. As a result, you can receive expert home selling guidance and make informed decisions at each stage of a home selling negotiation.
A real estate agent also will respond to your home selling concerns and questions at any time. That way, this housing market professional will make it simple for you to alleviate stress in a high-pressure home selling negotiation.
When it comes to handling a home selling negotiation, there is no need to worry. Take advantage of the aforementioned tips, and you should have no trouble remaining calm, cool and collected during a negotiation with a homebuyer.
A successful home selling experience is not a guarantee. However, if you prepare for the house selling journey, you may be better equipped than others to reap the benefits of a quick, profitable home selling experience.
Now, let's take a look at three tips so you can set yourself up to succeed during the house selling journey.
1. Identify Your Home's Strengths and Weaknesses
Your home has served you well for many years, yet your residence still has flaws. Fortunately, if you allocate time and resources to identify your house's strengths and weaknesses, you may find ways to improve your residence before you list it.
Consider the buyer's perspective – you'll be glad you did. If you take an objective view of your residence, you may be able to identify assorted home problems and correct them right away.
Also, it may be beneficial to conduct a house inspection. Following an inspection, you'll receive a report that outlines any underlying problems with your house. You then can use this report to prioritize home repairs and upgrades.
2. Establish a Competitive Initial Asking Price
As a home seller, it is important to do everything you can to establish a competitive initial asking price for your residence. Thanks to a home appraisal, you can gain the insights you need to price your house appropriately.
During a home appraisal, a property expert will evaluate your home and various real estate market data. Next, this property expert will provide you with a property valuation. With this property valuation in hand, you can set an aggressive initial asking price for your house.
Maintain flexibility with your home price, too. And remember, if you upgrade your home before you list it, you may be able to receive multiple homebuying proposals at or above your residence's initial asking price.
3. Collaborate with a Real Estate Agent
For those who want a helping hand throughout the house selling journey, it may be a good idea to hire a real estate agent. Because if you have a real estate agent at your side, you can receive comprehensive support at each stage of the home selling journey.
A real estate agent is happy to teach you about all aspects of the house selling journey and ensure you can plan accordingly. He or she can help you identify your house's strengths and weaknesses, price your home appropriately and much more. Plus, once you list your residence, a real estate agent will set up home showings and open house events to promote your property. And if you receive an offer to purchase your house, a real estate agent will help you analyze this proposal and make an informed house selling decision.
If you want to take the guesswork out of selling your home, you should start preparing today. By taking advantage of the aforementioned tips, you can plan ahead for the house selling journey and set yourself up for a successful home selling experience.
Looking to sell your condo? With assistance from a real estate agent, you can maximize the value of your property.
When it comes to selling a condo, hiring a real estate agent is a must. This housing market professional will set up condo showings, negotiate with condo buyers on your behalf and much more.
As a condo seller, it is important to do everything possible to get the best price for your property. And if you understand what it takes to find the right real estate agent, you may be able to streamline the condo selling journey.
Ultimately, there are many factors that condo sellers need to consider when they evaluate a real estate agent, including:
1. Condo Selling Experience
It is essential to hire a real estate agent who possesses condo selling experience. This housing market professional can take the guesswork out of selling a condo.
A real estate agent with condo selling experience will promote your residence to the right groups of property buyers. This will ensure your condo will stir up plenty of from interest from property buyers as soon as it becomes available.
Plus, a housing market professional can teach you about the real estate sector and help you plan accordingly. He or she will ensure you can avoid any potential hurdles as sell your condo too.
2. Communication Skills
Does a real estate agent go above and beyond the call of duty to stay in touch with condo sellers? If not, he or she may struggle to sell your condo.
A real estate agent should keep you informed at each stage of the condo selling journey. This housing market professional also should respond to your condo selling concerns and queries – without exception.
Perhaps most important, a real estate agent should be unafraid to be honest with you. With an honest real estate agent at your side, you can receive unbiased condo selling recommendations and make informed choices throughout the condo selling journey.
3. Client Referrals
How do past condo sellers rate a real estate agent? Ask a real estate agent for client referrals, and you can receive unparalleled insights into what it's like to work with this housing market professional.
Client referrals are great tools to help you decide whether a particular real estate agent is the best person to guide you along the condo selling journey. These referrals can provide you with insights into a real estate agent's professional demeanor and personality that you may struggle to obtain elsewhere. As a result, client referrals may prove to be exceedingly valuable to condo sellers.
If you need help selling a condo, allocate the necessary time and resources to hire a real estate agent – you'll be glad you did. Real estate agents are available nationwide and understand what it takes to sell a condo in any housing market. Therefore, working with a real estate agent may help you speed up the condo selling process and optimize the value of your property.
Let's face it – a first-time home seller may encounter many problems as he or she tries to navigate the home selling journey. Lucky for you, we're here to help you streamline the process of listing your residence and ensuring you can maximize your house's value.
Now, let's take a look at three common challenges that first-time home sellers might face:
1. You don't know what your home is worth.
What you paid for your house several years ago is unlikely to match your home's value today. Fortunately, a property appraisal can help you gain the insights you need to better understand your house's current value.
During a property appraisal, a home inspector will evaluate your residence from top to bottom. Then, this inspector will provide you with a report that highlights your house's strengths and weaknesses so you can plan potential home improvement projects accordingly.
When it comes to figuring out what your home is worth, don't forget to assess the prices of homes that are currently available too. With this housing market data in hand, you can find out how your residence stacks up against comparable houses.
2. You don't know how to enhance your residence's interior and exterior.
Consider the homebuyer's perspective as you examine your house's interior and exterior – you'll be glad you did. This will enable you to think about the best ways to enhance your house and ensure it will dazzle homebuyers consistently.
Remember, your home only gets one chance to make a positive first impression on property buyers. And if you allocate the necessary time to mow the front lawn, trim the hedges and remove dust and debris from walkways, you may be able to boost your house's chances of generating substantial interest from property buyers.
Don't forget to declutter your home's interior, either. By doing so, you can make it simple for property buyers to envision what life would be like if they purchase your residence.
3. You have no idea what it takes to add your house to the real estate market.
Adding a house to the real estate market should be simple, but myriad problems may arise that prevent you from listing your residence and getting the best price for it. However, if you work with a real estate agent, you can avoid any potential pitfalls throughout the home selling journey.
A real estate agent understands the ins and outs of selling a house. As such, he or she can serve as an expert guide through each stage of the home selling cycle.
Typically, a real estate agent will set up home showings and open houses, market your house to potential homebuyers and negotiate with property buyers on your behalf. This housing market professional also will be happy to respond to your home selling concerns and queries at any time.
For first-time home sellers, there's no need to panic. Use these tips, and you should have no trouble getting the optimal results during the home selling journey.
Selling a home usually requires various investments along the way. In fact, some of the most common house selling costs include:
1. Lawn Care
Maintaining a neat, tidy lawn is crucial, particularly for a seller who wants to stir up significant interest in his or her residence. As such, it generally is a good idea to account for lawn care costs as you put together a house selling budget.
Sometimes, home sellers hire professionals to mow the lawn, trim the hedges and conduct other lawn care tasks. If you decide to enlist lawn care professionals, you should explore all of the options at your disposal. That way, you can find a lawn care provider that offers a terrific mix of affordability and convenience.
You also can perform regular lawn care tasks on your own. This will allow you to eliminate the cost of a lawn care provider and ensure your lawn will impress potential buyers any time they see your residence.
2. Home Repairs
House repairs can be expensive, especially if an individual has failed to maintain his or her residence properly. If you dedicate time and energy to analyze your house, you can identify home problems and prioritize property repairs accordingly.
It may be helpful to conduct a house inspection before you list your residence. During a home inspection, a property expert will review your residence and identify any underlying issues. Then, you can use a home inspection report to determine how you can improve your residence.
Of course, you can limit home repair costs by completing property improvements on your own. On the other hand, if you want to hire a professional, there is no shortage of home improvement specialists available in cities and towns nationwide. And if you reach out to local home improvement specialists, you should be able to find one who can fulfill your requests.
If you relocate to a new house but still need to sell your prior residence, you will need to account for the latter home's water and electricity costs. Remember, a homebuyer likely will want to test a house's faucets and toilets to ensure running water is available before he or she purchases a house. At the same time, it may be tough to show a residence to buyers if no electricity is available.
As you get set to sell your residence, it may be beneficial to hire a real estate agent, too. A real estate agent is equipped to help a home seller streamline the property selling journey. Thus, if you want to learn about home selling expenses, a real estate agent is happy to teach you about them. Or, if you have questions about the home selling journey, a real estate agent can respond to them without delay.
Want to sell your residence? Consider the aforementioned home selling costs – you will be glad you did. Because if you develop a house selling budget, you can boost the likelihood of enjoying a successful property selling experience.