November 2018 Market UpdateAccording to the National Association of REALTORSĀ®, existing home sales declined in September after a month of stagnation in August. This is the lowest rate recorded
Selling A House 12 Selling Mistakes To Absolutely Avoid When Selling Your House
Selling a House is an art within itself that requires the necessary steps to getting your home sold as quickly and as effective as possible. Without following the optimal steps to selling your home, your home may stay on the market much longer than necessary costing you a ton of money for absolutely no reason.
With technology advancing so quickly, homes are literally flying off the shelves. Homes are being sold quicker than ever before making today the perfect time to sell a house. Below, I've listed 8 steps to selling your home as quickly as possible.
Sell First, Then Buy
Sellers need a place to stay after selling their house. The problems start when sellers want to buy a house before first selling their house. This thinking often leads to holding on to two mortgages at the same time. It's no fun holding on to two mortgages.
A simple solution to this problem is finding a short-term rental or even renting your house from the buyer. Nothing kills a deal faster than trying to buy a new home with the contingency to sell your old house first, Especially when going up against other home buyers.
Don't Just List Your Home - Market It
Listing your home is only half the battle. What's more important than listing your home is great marketing. Be sure to put in the work to make your home stand out. Homebuyers are attracted to clean, good-looking homes.
Homebuyers have quickly become online shoppers. Online first impressions quickly weed out properties before ever seeing them in person. Your home will be seen all over social media.
Negotiate With Your Agent
Ask your realtor if they can lower their commission. If they can't negotiate their commission, they won't be able to negotiate with your home buying offers.
Don't Test The Market
The last thing you want to do is price your home incorrectly. Pricing your home right is critical to gaining traffic and selling your home quickly. Most agents won't bother showing a house if it is overpriced.
It is up to the realtor to find current listings and homes that have sold in the recent months to compare your home. Of course, a computer cannot take a look inside the house to properly value it. As a consumer, automatic tools are another method of understanding what the current market really looks like.
Make sure the exterior of your home is properly taken care of. Buyers tend to "judge a book by its cover" before ever stepping into a home. Sellers don't need to pay a lot but it's important that the landscaping is trimmed nicely.
Fix What's Broken
Try fixing anything that's broken in the home before listing it. It will pay off, in the long run, to get a home inspection done on the property before ever receiving any offers to help prevent buyers backing out of a deal.
First-time buyers would rather move into a house that is "move-in ready" rather than put in a ton of work in repairs.
Clean your home. Make sure to clean your counters, empty out closets, and take down photos. Allow the potential buyer to envision themselves living in the home. It also helps to stage your home. Some photographers even offer virtual staging.
Give Yourself A Deadline
Houses sell faster in the spring and summer months than they do in the fall and winter months. If you can, try and time your listing in the spring and summer months in order to get the most traffic and a receive a higher price for your home. Families like to settle down before the school year starts.
If you must list your home in the winter months, those looking to trek through the cold to see your home are oftentimes very serious buyers. Every market is different but winter might be a better option are there is less competition from other sellers in the colder months.
For more information on Maryland Real Estate be sure to visit Carlos.thinknewman.com for access to live, up to date information on homes in your area. Text Carlos on Facebook, Twitter, Instagram or call 301-785-1946 for your free consultation.
Looking for a new home? Click here for my guide to the pros and cons of renting vs buying.
Welcome to my profile! My name is Carlos Jonathan Fuentes and Iām a Realtor here in Bowie, Maryland. I was born and raised in Maryland and lived in two counties; Montgomery County and Prince Georgeā....