Team Garner's Blog
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.
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While there's a lot to be said for the value of high-tech home security systems, there are many basic, inexpensive things you can do to safeguard your home from intruders. Keeping your home secure begins with awareness, good communication, and positive habits.
Where does good communication come into play? One example is the need to have a trusted neighbor keep an eye on your home when you're out of town or away on vacation. Even if you've had the foresight to suspend your mail and newspaper deliveries during your absence, things don't always work out as planned!
When you factor in the possibility of human error, unplanned deliveries, or even power outages, it's a good idea to have a friend, relative, or neighbor check on your house when you're gone. Unexpected deliveries could run the gamut from free phonebooks left on your front steps to promotional literature placed on your doorknob or stuffed into your mailbox. And even if you don't subscribe to a newspaper, free sample issues may occasionally be left in your driveway -- often with an invitation to become a subscriber. An alert neighbor can clear away any telltale signs that no one's home. They can also notify you or the local authorities of any suspicious activity on your property.
A good rule of thumb when you're away for more than a few hours is to make your house look as if it's occupied. Even old-school techniques, like hooking up a couple indoor lights to automatic timers, can create the impression someone's home. If you happen to have outside lights on a timer or motion-detector floodlights, then that can help deter nighttime trespassers, too. Solar-powered lights which turn on when the sun goes down are another option.
In spite of good habits, like locking doors and staying in touch with neighbors, windows left open can be an overlooked security breach -- especially if you didn't leave them open, yourself! This can and often does happen in unexpected ways, like when your houseckeeper decides your home smells a little stale and needs an infusion of outside air to freshen things up! Although their intent is typically helpful and good, they may be solving one problem while creating another.
The same thing could happen if you have painters or other contractors doing interior work at your home. You can address that problem by reminding them to close windows when they're done for the day. You can also leave a note to that effect. Just in case they happen to be on the forgetful side, though, it's always a good idea to follow up your reminders with your own security checks! Since other people (especially those who don't live in your house) may not be nearly as security conscious as you, it's always better to err on the side of caution!