Gayle Caughey's Blog
To succeed in the real estate market, a home seller must understand what it takes to promote his or her residence to potential homebuyers consistently. However, transforming this dream into a reality can be exceedingly difficult, particularly for a home seller who is listing a house for the first time.
So what does it take for a home seller to succeed in any housing market, at any time? To find out, let's consider the home seller's perspective and look at three steps that home sellers can take to get the best results during the property selling journey.
1. Examine the Housing Market
Today's housing market may change tomorrow. As such, an informed home seller must go above and beyond the call of duty to understand real estate market trends. By doing so, a home seller can map out his or her property selling journey accordingly.
Take a look at the prices of available homes that are similar to your own. That way, you can better understand how your residence stacks up against the competition.
Don't forget to check out the prices of recently sold houses in your city or town as well. With this housing market data, you can find out whether you're preparing to enter a seller's or buyer's market.
2. Perform a Home Appraisal
You might think that your home will sell just days after it reaches the real estate market. Conversely, most homebuyers might disagree, especially if you failed to maintain your house's interior and exterior over the years.
Ultimately, a home appraisal allows you to learn about your house's strengths and weaknesses. This appraisal enables a property inspector to review your home's interior and exterior. Then, the inspector will provide you with a report that you can use to see whether your residence is housing market-ready.
If you find that your home is in need of serious improvement, there is no need to worry. Instead, you can dedicate the necessary time and resources to upgrade your residence's interior and exterior before you list your house.
On the other hand, if a property inspector gives your home positive marks across the board, you may be ready to add your residence to the real estate market right away.
3. Meet with a Real Estate Agent
No home seller should be forced to enter the housing market alone. Fortunately, you can hire a real estate agent to guide you along each stage of the property selling journey.
A real estate agent understands what it takes to sell a home in any housing market – without exception. He or she will set up home showings and open houses, promote your residence to the right groups of homebuyers and negotiate with property buyers on your behalf. As a result, you can streamline the process of getting the best price for your residence.
Want to add your house to the real estate market? Now that you know all about the home seller's perspective, you should have no trouble optimizing the value of your home.
One of the more attractive features of any California neighborhood is that of the local school. Everyone hopes to give their children the best education that they can get. Living in the right neighborhood is sometimes a requirement to make that happen. How do you find the area to live in and school that has the right fit? Below, you’ll find some tips to help you find a match for the school and neighborhood that will suit your family.
Ask The Important Questions For Your Child
- Where do your child’s friends go to school?
- What style education do you hope for your child?
- Do you want a private or public education?
- What activities does your child participate in and hope to continue?
- How will your child get to and from school?
After looking at your child’s needs and matching them with the logistics of your life as a parent, you can make a more informed decision about the type of school and location of the school that you hope to send your child to. For example, you certainly don’t want to be responsible to drive your child long distances when your schedule won’t allow for it.
If you’re new to a neighborhood or considering a neighborhood, talk to the people who live there about local schools. Make use of social media and find local groups where you can talk to parents to get the scoop on where the best schools in the area you’re looking to move to are.
You can also get information from the schools themselves. Go right to the source. Set up a tour of a local school and ask questions. Learn about activities that the school offers and get a feel for the type of education that your child will be getting.
There are plenty of resources on the Internet to help you find reviews and information on local schools. You can make us of rating websites, direct websites from the schools and parent forums to name a few. Do some digging to find an area of California with a school system or private school that suits you and your child’s needs.
Don’t Forget Your Other Requirements
There is more to house searching than just worrying about the school. It may be a big factor but there are other issues to be considered. Living in California, one needs to think of commute times and traffic, for example. Think of the following questions:
- How close do you want to be in relationship to your workplace?
- What modes of transportation will the kids take to and from school?
- How close do you want to be to a downtown area?
- How close would you like the nearest grocery store to be?
- What type of house do you hope to buy?
Searching for a home is finding a balance of practicality and convenience to suit your lifestyle. Finding a home near a desirable school will take considering many factors.
Many of us will move home several times throughout our lives. Whether it’s relocating for work, needing a bigger house for children, or a quiet place to retire to, it’s likely that the home you live in now won’t be yours forever.
As a result, many homeowners wonder what they can do to ensure their home will have a high resale value when the time comes to move on.
The good news is that there are a lot of things you can do now that will give you a good return on investment when it comes to selling your home later. However, there are a few factors that affect a home’s valuation that are out of your control. We’ll talk about all of those factors below. So, read on for a list of the factors that affect your home’s resale value.
The age of your home
Your house may not complain about it, but it isn’t getting any younger. Homes tend to slowly decrease in value over time. A home built in the late 1970s, even if it’s well taken care of, most likely won’t sell for the same price as a 15-year-old home.
There is one exception to the rule, however, and that is historical houses. Homes that are a century old can sell for top dollar because of the craftsmanship and history that the house contains.
Admittedly, this is a niche market, as many people just want a safe and efficient home to live in. However, there are some homebuyers who will put in a bit of extra work around the house for the chance to live inside of a piece of history.
When you’re upgrading your house it’s important to remember how that upgrade will pay off years down the road. Some renovations will almost always give a good return on investment such as a finished basement or attic and improving efficiency via added insulation or replacing windows.
Renovations that match a very specific decorative taste or style could come back to haunt you. This includes bathroom sinks, kitchen cabinets, countertops, and other expensive projects that are subject to the next owner’s taste. While these upgrades can give a good return on your investment, they’re more likely to be successful if they fit the current trends of style and craftsmanship.
Neighborhood and town
One of the factors of home valuation that you have little control over is the town and neighborhood the house is located in. If there are closed down businesses, foreclosed and deteriorating homes then potential buyers might be turned off to the neighborhood.
Similarly, the town you live in has a lot to do with how much people are willing to spend. If you have easy access to interstate highways and large cities, highly rated schools, and good local infrastructure, then buyers are likely to take these into consideration when making an offer, as the average cost of a home in your town is likely higher than some surrounding towns.
Let's face it – in today's fierce real estate market, home sellers need any competitive advantage that they can get. Lucky for you, real estate agents are available to ensure that you can maximize the value of your residence.
After you hire a real estate agent, the home selling may move quickly. In fact, the most common steps associated with the home selling process include:
1. Prepping Your House
As a home seller, you'll want to do everything possible to ensure that your residence looks great both inside and out.
Your real estate agent can help you prep your house before it is listed on the housing market. He or she may offer tips about how you can transform your home's ordinary interior into an exceptional one. Plus, your real estate agent can put you in touch with home cleaning companies, landscapers, painters and other home improvement professionals who can help you take your home's appearance to the next level.
2. Hosting Open Houses and Home Showings
Open houses and home showings represent essential parts of the home selling and homebuying cycles. For home sellers, these events enable you to showcase your residence to a large group of homebuyers quickly. Meanwhile, open houses and home showings enable homebuyers to browse a wide range of properties without delay.
Your real estate agent will keep you up to date about open houses and home showings. This real estate professional will always provide you with sufficient notice any time a homebuyer wants to check out your home as well.
Hosting open houses and home showings can be stressful, particularly for home sellers who have already committed substantial time and resources to improve their properties. Fortunately, your real estate agent will set up plenty of open houses and home showings to generate substantial interest in your property. He or she also will share homebuyers' feedback with you, ensuring that you can complete myriad home maintenance and upgrade projects as needed.
3. Responding to Home Offers
After your home reaches the real estate market, it may be only a matter of days before you receive your first offer.
Your real estate agent will inform you about any offers on your residence, and you likely will have 24 to 48 hours to determine whether to accept, decline or counter a homebuyer's proposal.
Although you only have a short amount of time to assess a homebuyer's offer, your real estate agent is happy to help you determine how to proceed. This real estate professional will enable you to establish realistic expectations for your home before you list your property. That way, you'll be able to see how your home stacks up against the competition and price it properly.
Furthermore, your real estate agent will negotiate with a homebuyer on your behalf. And if you don't feel comfortable with an offer on your home, your real estate agent will respond to a homebuyer's proposal accordingly.
There is no need to stress when you sell your home. If you hire an experienced real estate agent, you should have no trouble accelerating the home selling process and optimizing the value of your residence.