Joel Mistretta's Blog
Want to add your house to the real estate market? If you're operating in a seller's market, you may be able to generate plenty of interest in your house as soon as your residence becomes available.
A seller's market commonly features an abundance of homebuyers and a shortage of home sellers. As such, a home seller who lists a high-quality residence in a seller's market could earn a significant profit.
Operating in a seller's market offers many opportunities for home sellers who prepare accordingly. Lucky for you, we're here to ensure you can get the best price for your residence in a seller's market.
Now, let's take a look at three tips to help you optimize the value of your house in a seller's market.
1. Complete a Home Appraisal
A home appraisal will help you understand your house's strengths and weaknesses. That way, you can perform any home improvement projects before you list your residence. You may be able to boost your chances of a quick property sale too.
Typically, a home appraisal requires just a few hours to complete. A home appraiser will visit your residence and inspect it both inside and out. Then, this appraiser will provide you with a report that details your home's condition.
Review the results of a home appraisal report closely. By doing so, you can prioritize various home improvements and work toward transforming your ordinary residence into one that will stand out in a seller's market.
2. Analyze the Housing Market
How does your residence stack up against comparable houses that are currently available? Examine the housing market to find out.
Evaluate the prices of houses that are similar to your own. This may help you establish a realistic price range for your residence.
Also, look at how long recently sold properties were available before they were purchased. This may help you understand how long it might take for you to get the best price for your residence in a seller's market.
3. Collaborate with a Real Estate Agent
When it comes to selling a home, there is no reason to embark on the property selling journey on your own. Thankfully, real estate agents are available in cities and towns nationwide, and these housing market experts are happy to assist you in any way they can.
A real estate agent can provide details about what to expect before you add your residence to a seller's market. He or she will help you plan ahead and ensure your residence features an awe-inspiring exterior and flawless interior that differentiate your property from others.
Moreover, a real estate agent will help you alleviate stress throughout the home selling journey. This housing market professional can respond to your home selling concerns and questions and provide plenty of guidance to help you make informed decisions.
There is no need to leave anything to chance when you list your home in a seller's market. Instead, take advantage of the aforementioned tips, and you should have no trouble stirring up interest in your house.
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Whether you’re an empty nester, or just feel that you have too much “stuff” in your house, many people can stand to downsize. If you are planning on moving to a smaller home or if you want to get your family’s amount of “treasures” reduced, it’s not an easy task. We can promise that it will be a worthwhile one!
Just how can you downsize when you have a houseful of stuff? There’s a few rules of thumb that you should follow in order to keep your downsizing process streamlined and stress-free.
Don’t Try To Do Everything At Once
The more stuff that you have, the more overwhelming your project will be. You may want to be very efficient and try to get everything cleaned out as soon as possible. It’s probably not feasible to get it all done at once. You’ll stress yourself out both physically and emotionally. Think of a realistic time table for you based on how much time you hope to clean over a certain period and how much stuff you actually have. It’s best if you plan to tackle one room and one area at a time.
If You’re Helping Someone Else, Ask Yes Or No Questions
When you’re in the process of moving or even just getting rid of stuff, the people you’re helping will thank you if you’re direct. Ask yes or no questions about things as the whether it’s being donated, tossed, or saved. This will be especially helpful when working with children and older people.
You can also expedite the process of cleaning things just by sorting them out. Keep piles of clothing, kitchen items, tools and toys separate. This process works best with items that are numerous like clothing. Once the items are separated, they may be much easier to tackle.
Know How Much Space You Have
If your goal is to empty out one closet in your home, then you know that space will be unavailable for storage. If you’re moving from an 8 room house to 5 room condo, you may have a bit more purging to do! Just remember that there’s no point in hanging onto things that won’t be used or that have no place to be stored.
Don’t Have An Undecided Pile
Don’t start an undecided pile of stuff. It will just end up back in your pool of things that will need to be cleaned out at a later time. Make sure that you make a clear decision on what you’re doing with each item in the process of sorting. One exception to this rule is paperwork. If you need to sort through a lot of it, place it in a box to go through at another time, preferably once the rest of the house is settled.
If you focus on sorting and seeing what your most used items are, downsizing should be a less overwhelming task. Once you clean, you can focus on more important things like moving!
You may have a rough idea of what your home is worth. Maybe you have recently been given an assessed value on the home, or have peeked on an online search as to what comes up for your home. Do you really understand all of the things that affect the value of your home? There are many things that may not be obvious but are important to the number that you’ll come to when you decide to sell your home.
The Number Of Your House
Do you live at 13 Elm Street or 7 Winner’s Way? Buyers have superstitions that surround numbers and street names. Don’t be surprised if the number of your house or even the name of your street brings buyers in or sends them running. There’s not much you can do to change the house number or street name, but it’s something to keep in mind. Sometimes the reason that certain buyers are turned off from your house is truly out of your control. If you do live on a desirable street, that can help bring up the value of your home due to the demand in the area. Remember that what some consider “unlucky” others consider a blessing (like the number 13!)
While your home may be perfectly pristine, you don’t have much control over what your neighbors do. If there are neighbors nearby that have strange items in their yards, strange colored homes, or other eccentric tastes, buyers may be turned off from your home. This could actually cause the price of your home to drop slightly. You should be prepared for this to affect the sale of your home, but don’t be discouraged. If buyers enjoy your home enough, they’ll be able to turn off that all too bright paint color next door.
Trees and greenery increase the value of a home. Don’t think of cutting down those trees on your property unless you have to! Trees that have grown up on your property will add a lot of value to the home in the future. If you’ve been living at your residence for 20 years or so, think of the value that those first seeds and bushes you planted have added!
Interests Are Not Universal
If you have displays, shrines, or rooms dedicated to a certain hobby, it could either be beneficial or detrimental to your home sale. This all depends on who comes walking through the door for a home showing. If you’re a Veteran and have some Marine Corps things around the houses, it could attract the attention of other Vets. However, that strange Marilyn Monroe room you have might actually deter from the pool of people available to buy your home. Buyers like to be able to see themselves living in the home. Some circumstances make it easier than others for buyers to have a vision for themselves in your home.