The Little Things That Can Devalue Your Home For A Quick Sale

Quick Sale

If you are in the market to sell your home, you know that your property has thousands of others competing for a quick sale. Some homes are situated in better neighborhoods, and others are in better condition. There are numerous factors that determine how quickly your home will sell. Consider the things below that can devalue your home and prevent you from selling or getting your asking price.

For A Quick Sale

A highly customized home or one in need of too many repairs will be harder to sell. It is much easier to sell a home that is suited to a large variety of tastes. If your home can suit a large population of individuals, you will have an easier time selling it than if it were a highly customized home. The more people want to purchase a home like yours, the better your chances of making a quick sale.

The location and condition of your home are two of the most important factors that can dictate its value. Your home’s value can also be affected by the number of individuals looking to purchase in a given neighborhood as well as the quality of the local school district.

What your neighbor does can in fact depreciate the value of your home. For example, if your neighbor paints his or her house the color of seasick green, it can in fact become a turnoff to potential buyers. The same can be said about having noisy businesses nearby. Most potential buyers will not buy a home in a neighborhood that has unappealing homes or noisy businesses nearby.

Having a well-cared-for lawn is important to potential buyers, but a lawn that features plants that require a lot of maintenance can become a turnoff. Plants that hang into your neighbor’s yard and create a mess, or plants that can actually affect the structural foundation of your home can affect your home’s value.

Your home should be painted a neutral tone such as cream or beige to appeal to a widespread range of individuals. A color consultant can help you make the right decision if you are ever unsure.

Don’t choose paint that is either textured or glossy when painting the interior of your home. Much like with the exterior, having an interior that is too custom can depreciate the value of your property. Choose a matte color that is neutral and can appeal to a wide range of individuals.

Always ask for professional guidance before choosing to remodel any given part of your home. A good remodeling project can add value to your home, but there are plenty that can actually hinder the value. Get the suggestions of local realtors and designers in order to consider which projects are a good decision to increase your home’s market value.

Selling your home in a poor economy is no easy task. Some homes sell faster than others and there is always a widespread range of reasons as to why. This article has discussed some ways that you can devalue your home, but if you just refrain from doing these things, you are on your way to making a quick sale!

Tips For Making Your Home’s Open House A Success

Swimming Pool Open House - Andy Sarwal

When you’re trying to sell your home, one of the things your real estate agent will probably want to do is an Open House. Here are a few tips of things to avoid to help ensure your Open House is a hit.

  1. Don’t attend your own Open House. More and more often serious buyers are attending Open Houses on the weekend with their real estate agents. These conversations will be about what they like and don’t like about the house, what they’d change, and so on. These types of conversations are part of the process of looking at possible homes to buy. These buyers want to have serious conversations and they are more likely to have these conversations if the owner is not present than they are if they are present.
  2. Don’t create a distraction, but do make your Open House attractive. There is a fine line between offering hospitality to lure in prospective buyers and creating a party atmosphere that’s just a stop-over for people who are on the buffet circuit.

Some treats are designed to show your home in its best light or to relieve the discomforts of a long, hot day of house hunting and prompt target buyers to linger longer in your home and see more of its attractive qualities.

  1. Don’t forget to highlight seasonal attractions. If your home has a swimming pool, your Open House will be more successful in the summer when the swimming pool can be highlighted with crystal blue water and surrounded by nice patio furniture or colorful chaise lounges. You can even serve drinks and snacks out by the pool under bright patio umbrellas.

Also turn the central air conditioning on high and be sure to showcase any energy efficient appliance or other features in your home.

  1. Don’t hide anything from potential buyers. The reason it is called an Open House is so potential buyers can visit your home and see if it will meet their needs if they buy it. This means they will want to see everything your home has to offer. If you block off a closet or a room, that only means any potential buyer will have to come back to see it at another time, if they care to make the effort. This is not what you want from an Open House.

Also, if there are other Open Houses scheduled in your neighborhood, try and schedule yours for the same hours. This makes your home as accessible as possible for those buyers who are dedicating the only two hours they have available during the week to attending Open Houses.

  1. Don’t forget the neighbors. It’s always a good idea to invite the neighbors to your Open House. It’s polite for one thing and they may turn into clients for your real estate agent. Also, they are very likely to know others who would like to live in your neighborhood.

Also, you really don’t want your neighbors to be caught off-guard by the traffic visiting your Open House nor do you want their son scheduling his rock band’s rehearsal right in the middle of your Open House.

These are some tips to help make your Open House a success so that you hopefully reach your target buyers and find that perfect match for your property.

Selling Real Estate In A Challenging Market

Selling Real Estate In A Challenging Market

Selling real estate is a real challenge with today’s market. But don’t let the challenge scare you! A challenge doesn’t mean that it’s impossible, it just means that you may need to alter your strategies a bit in order to win the selling game. Here are a few ideas to help you win the real estate game in this challenging time of real estate history.

The first key to winning in today’s market is to make sure that your house is at the right price. Far too many home owners fall into the trap of over estimating the value of their property, basing the value on a perceived number. Perceived value is indeed just that, a value in the eyes of the beholder only!

Don’t expect to get any price you name in today’s market. Houses sell based on what buyers will pay. In order to get a property sold, you need to entice buyers with a great deal, a deal that is better than any competition that you may have. While this will mean less money in your pocket, imaginary value is zero dollars in your pocket! Price your property right, and you’ll win the real estate game.

The next strategy to use in order to sell a house, lot or commercial property is to hire a listing agent. Many property owners try to go about selling on their own, and while this may work in a sellers market, it fails miserably when it’s a buyers market. That means that buyers have literally hundreds, in some cases, of choices and if you are serious about selling then you need a real estate agent to help you get your home in front of as many people as possible.

Agents have tools for marketing at their disposal that private sellers don’t, like the multiple listing service, for example. This means that your home will then be exposed to buyers all across the state, something that you just can’t accomplish when you go about selling by yourself.

What else can help you sell your home successfully? Be willing to negotiate and take a serious look at all offers that come in. All too often, a low offer comes in and it hits a nerve with us as sellers. It’s pretty easy to just get mad and reject the offer right away. However, seriously consider all offers that are brought to the table. After all, a poor offer is much better than no offer, and in a tough market, holding out for a better offer could spell doom for your plans of selling.

Closely related to considering all offers is being flexible and willing to accommodate your potential buyers. It’s pretty common in this market for a buyer to ask the seller to contribute to their closing costs or some other consideration. These small details can often make or break a deal, so be willing to go along with what the buyer needs to make the deal work.

In summary, selling a house can easily be done in today’s market if you are willing to be flexible and reasonable during the selling process.

Selling A Commercial Piece Of Real Estate

Commercial Real Estate - Selling A Commercial Piece Of Real Estate

Commercial Real Estate

If you have ever sold a piece of residential real estate, commercial real estate sales are pretty much the same. However, in many cases it is much less emotional because you don’t live in your commercial property all day long. If you have a piece of commercial real estate that you are about to sell, this article can help you to think of a few considerations.

For example, you need to know whether you are selling the equipment. If you own a restaurant, you need to determine whether you are selling the stove and other equipment. That can be a challenge, because you might be able to get more money if you rent the equipment to the new buyer. However, the new buyer may not want to rent old equipment. That is something that you will have to discuss, so just be ready to discuss it.

You should also have an appraisal done. A commercial real estate appraiser is an objective person who can give an opinion of value based on comparative sales, depreciation of equipment, and other factors. This can be a great way to find out what your business and real estate are worth. And it’s important to remember that your real estate is not necessarily your business and that they can be valued differently.

You have to be prepared to wait for the offers to roll in. If you’re selling a restaurant, for instance, you need to understand that there is a very small percentage of the population who is looking to buy a restaurant. It might take a while for it to sell.

You have to be willing to make concessions. This is especially true if you have a very unique piece of property that is not used for many purposes. In order to have a sale go through you may need to drop the price slightly, to accommodate someone else. That is why you need to really be careful when you purchase commercial properties as well.

If you are serious about selling your property, you are going to need a realtor. A realtor can market your property better than you can. Not only that, but people often call realtors looking for commercial properties, so if you know a realtor that can help you out a lot.

You have to make sure that you disclose any information that is going to be helpful to the new owner. For example, if you have any old oil drums, don’t just leave them sitting there. You have to make sure that there is nothing out there that will surprise people. That is just the ethical thing for you to do as someone who knows information that could be bothersome in some way.

Selling a piece of commercial real estate is almost the same as selling a piece of residential property. Do your best to make sure that you use the information here in order to be prepared when you are selling some commercial real estate, and you’ll be in a position to profit.