Team Garner's Blog
After you add your house to the real estate market, it may be only a matter of days before you receive the first offer on your residence.
Ultimately, the initial offer on your home may prove to be the best proposal for a number of reasons, including:
1. The offer matches or exceeds your expectations.
An informed home seller understands the condition of his or her house, and as such, sets realistic expectations for the home selling journey.
For a home seller, it is paramount to conduct a home appraisal before you list your residence. With this appraisal, you can learn about your residence's strengths and weaknesses and price your house accordingly.
Furthermore, a home appraisal will help you understand the true value of your home. And if you receive an initial offer that matches or surpasses your expectations, you should have no trouble accepting the proposal and moving forward with a home sale.
2. The offer corresponds to the current state of the real estate market.
Operating in a buyer's market is far different from operating in a seller's market, and perhaps it is easy to understand why.
In a buyer's market, there is an abundance of high-quality houses and a shortage of property buyers. This means a buyer's market typically favors property buyers over property sellers.
On the other hand, a seller's market usually favors property sellers. This market includes many property buyers and a shortage of top-notch houses. Thus, the likelihood of receiving a terrific first offer may increase in a seller's market and decrease in a buyer's market.
As a home seller, it is essential to allocate the necessary time and resources to learn about the housing market. If you understand the differences between a buyer's market and a seller's market, you can identify a great initial offer on your house.
3. The offer is a must-accept in the eyes of your real estate agent.
When it comes to selling a house, it often is a wonderful idea to work with a real estate agent. In fact, this housing market professional may prove to be a difference-maker at each stage of the home selling journey.
A real estate agent will help you list your residence, promote it to potential homebuyers and set up home showings and open houses. That way, he or she can make it easy for you to generate substantial interest in your residence as soon as it becomes available.
Perhaps most important, a real estate agent is happy to provide honest, unbiased home selling recommendations. This housing market professional will help you differentiate between a mediocre initial offer and a stellar one and ensure you can make informed home selling decisions.
Lastly, be sure to analyze the initial offer on your home closely before you accept it. By taking a diligent approach to this home proposal, you can evaluate the pros and cons of it and make the best possible decision based on your individual needs.
Deciding on flooring for your home sounds boring. No one wants to research and compare all the different options, but the floors get used more than just about everything else in your home. So, spending some time looking into what flooring will be the best value for you is a wise investment of time. Get ready to take on an adventure of comparing and sorting through all the different flooring options in today’s market.
No Flying Carpets Here
Carpeting may seem like a simple choice, when in fact there is a lot to consider when it comes to wall-to-wall carpeting. Determine where you would like to use carpet, and how much traffic there will be on a daily basis. Some types of carpeting such as loped Berber handle high traffic flow well. Carpet made from nylon, a man-made material, is excellent for heavy usage areas. Other carpet materials such as wool and olefin are also high traffic area carpet materials that give you a good value for your dollars spent. The straight cut pile and plush styles of carpeting are both softer then loop and are great for bedrooms and lighter traffic areas.
Knock on Wood; or Something Like It
If you or your family member suffer from allergies carpeting may not be the best choice; in that case, you certainly may want to look into hardwood or engineered wood. Hardwood, as the name implies, is durable wood planks. This option comes in lots of color and shade choices but can be costly for larger projects. Hardwood is easy to clean and a substantial long-term investment. Engineered wood is a durable choice and a bit less expensive than hardwood. Moisture can cause hardwood to warp over time, whereas engineered wood can handle the humidity a bit better.
Not Your Grandparent’s Laminate
Laminate flooring is the least expensive out of the above choices can also be advantageous to a household with allergies. Also, easily cleaned and maintained, but resistant to fading, laminate comes in a wide selection and design options. You can acquire a laminate that looks like hardwood or other higher-end flooring materials while keeping within a modest budget. With laminate materials you can be creative with color and patterns, adding a custom look to any room.
Look through open houses in your area and see what kind of flooring choices others have used throughout their homes.
Most people enjoy surrounding themselves with bright colors. Blues, purples, reds, and greens add personality to your home and bring you joy. They may set off your furniture or your favorite art. When you decorate your own home, you tend towards colors and styles that make you happy. However, as you've probably noticed even in your own family, different colors have different means for each person. While you might love that salmon pink wall, your potential buyer might not be able to get past the cat-food reference.
In addition to simple preference, an estimated ten percent or more of the population suffers from some form of color blindness, and most of them don't even realize it. Two main kinds of color blindness exist: you've probably heard of the more common red/green color blindness, but a blue/yellow color blindness exists as well that confuses blue and yellow with violet. That means the gorgeous pale yellow you chose might look like a bright violet to them. If a buyer knows about their color blindness, they plan for it, but most sufferers have no idea, they've just always seen colors this way.
You don’t want to turn off a promising buyer because you chose colors that were too bright, or didn’t account for variations in color blindness. A lot of buyers may not actually be color blind, but instead, become blinded by your palette. If buyers can't visualize the room with their belongings and their family, they won't want to purchase the home.
The Solution: Go Neutral
In the past, real estate and staging professionals used to solve this problem by asking clients to paint their entire home white. While white will still work, you can also benefit from using one of the other modern neutral tones. These off-white and gray sophisticated palettes can compliment your existing furniture and architectural features. Paint manufacturers and interior designers are always trying new neutral tones by adding warm or cool undertones to whites and grays. Check out the latest palettes for your season and use them to keep some color, dimension, and depth to your walls without overpowering your potential buyers' ability to picture the home the way they want it.
One long-lasting trend is to use some darker neutral on the walls balanced by bright white trim. This combination has a brightening effect around window and doors and evokes a warm response in many buyers. Make sure to check the trends in your area, since some regions will prefer one set of neutrals over another. In some areas, soft blues and greens work well for neutral tones.
Talk to your local real estate professional about the best painting choices for your property before investing in ten gallons of white.
New technologies are constantly being produced that are designed to make our lives easier. Technology around the home is no different.
America recently underwent a boom in residential solar power, a trend that doesn’t look like it will be slowing down anytime soon. And, big tech companies like Google and Amazon are trying to nudge their way into the smart home technology sector with devices like the Amazon Echo and Google Home.
Many of these tools and technologies are great for convenience around the house. Amazon Dash buttons let you reorder common household goods like paper towels and laundry detergent with the touch of a button in your pantry when you run low.
However, some forward-thinking homeowners are looking towards home improvements that can increase the resale value of their home by making it more desirable to potential buyers.
In today’s post, we’re talking about the latest tech that homeowners are buying to give their home an edge over the competitors in the real estate market.
Read on to find out which technologies can make a difference and which ones will soon be obsolete.
Smart home technology
Our phones have gradually become all-encompassing devices that help us organize our lives, and smart home tech companies hope to do the same thing with your home.
There is no shortage of competition for access to your home in the form of remotely controlled lighting, sprinklers, HVAC, and more.
And, while some state of the art systems might attract potential buyers, it’s important to remember that smart home tech is a fledgling industry.
That means that the tech is constantly evolving and might not be relevant or useful to potential buyers when it comes time to sell your home. (It would be like trying to sell an iPhone that is 4 generations too old for anyone to want it anymore.)
While home security technology is still rapidly changing, there is a benefit to having a system installed that can help woo potential buyers who are concerned about the safety of their family.
Aside from safety, this tech can also be just plain convenient and time-saving. Smart door locks can sync with your smartphone to unlock when you arrive at your home and lock when you leave, shaving a few seconds off of your daily routine.
One benefit of installing solar panels on your roof is that you can then show potential buyers physical evidence of the amount of money they can save each month on their utility bills.
However, it should be noted that there are some exciting new residential solar solutions coming to the market in the near future--one example being Tesla’s solar roof that looks almost exactly like a regular roof but generates electricity for your home.
So, when considering new technology for your home to boost its resale value on the market, remember that technologies are still changing. Keep your timeline for sale in mind, and try to avoid tech that will be obsolete before you plan on putting your home for sale.