Joe Duggan, BROKER/OWNER's Blog
If you plan to sell your home, it may be helpful to prepare for a difficult negotiation with a homebuyer.
Although your home may be in great shape and you've set a fair price for it, there are no guarantees that you'll be able to avoid a long, complex home selling negotiation. However, a home seller who prepares for a difficult negotiation now may be better equipped than others to remain calm, cool and collected throughout the home selling journey.
Now, let's take a look at three tips that home sellers can use to get ready for a difficult negotiation.
1. Assess the Housing Market Closely
A home seller who sets a competitive price for his or her residence may be able to avoid a complicated home selling negotiation entirely.
To determine a fair price for your house, a property appraisal is ideal. During this appraisal, a property inspector will evaluate your home's interior and exterior and help you identify any problem areas. Then, you can complete assorted home improvement projects and price your house accordingly.
Furthermore, it is important to assess the prices of comparable houses in your area. With this housing market information at your disposal, you can enter a home selling negotiation with data to support your arguments.
2. Understand Your Home Selling Goals
How a home seller approaches a negotiation may vary based on his or her goals.
For example, a home seller who needs to move out of a house as soon as possible may be willing to go above and beyond the call of duty to satisfy a property buyer's requests. By doing so, this home seller can speed up the property selling cycle.
On the other hand, a home seller who can afford to be patient may be unwilling to budge on various homebuyer requests.
Consider your home selling goals closely before you enter a negotiation with a homebuyer. And if you feel uncomfortable, you can always walk away from a negotiation and reenter the housing market.
3. Focus on the End Results
A home selling negotiation can become contentious, but it is important to remember the end goals of this negotiation.
Ultimately, a successful negotiation will meet the needs of both a property seller and buyer. If a negotiation heavily favors a homebuyer, a home seller should be ready to exit the negotiation.
A home selling negotiation can be stressful, and you should be ready to take breaks as needed. For example, spending a few minutes meditating or walking outdoors may help you clear your head and reenter a home selling negotiation with a fresh perspective.
Lastly, if you want additional support, real estate agents are happy to help you. A real estate agent knows what it takes to negotiate with homebuyers and will do everything possible to ensure all parties involved in a negotiation get the best results.
Take the guesswork out of a home selling negotiation – use these tips, and you can prepare for a difficult negotiation before you add your house to the real estate market.
If you own a city home but are ready to relocate, now may be a great time to list your residence. In fact, there are many reasons why an individual may choose to sell his or her city residence, and these include:
1. You want to downsize or upgrade.
Although your city house likely has served you well for many years, it may become too big or too small for you due to changes in your living situation. Fortunately, if you sell your city residence, you can downsize or upgrade as needed.
If you decide to list your city house, it helps to plan ahead as much as possible. Therefore, if you craft a property selling strategy, you can determine what steps you'll need to take to quickly sell your city home and maximize your house sale earnings.
2. You want to live closer to family members and friends.
Your city home probably provides convenient access to a wide array of attractions and landmarks. But in some instances, a city residence may be far away from family members and friends.
If you want to live closer to loved ones, there is no need to worry. By listing your city home, you can take the first step to relocate closer to family members and friends outside the city. And after you sell your city house, you may be able to reap the benefits of quick, easy access to loved ones.
3. You are tired of the hustle and bustle of the city.
Let's face it – the city is a busy place. A city home may have seemed like a fun, exciting place to live, at least at first. But if you've grown tired of the hustle and bustle of the city, you may want to sell your current residence and relocate to a new home in a small town.
If you know how to promote your city home to the right groups of potential buyers, you should have no trouble stirring up interest in your house. And if your city residence boasts amazing curb appeal and a stunning interior, you could boost the likelihood of a fast, profitable home selling experience.
As you get ready to list your city home, you may want to hire a real estate agent. With this housing market professional at your side, you can achieve the best-possible results throughout the home selling journey.
A real estate agent will allocate time and resources to learn about you and your city residence. Next, he or she will craft a personalized home selling strategy designed to help you achieve your property selling goals. And if you have any concerns or questions as you put your house selling plan into action, a real estate agent is happy to address them.
Take the guesswork out of selling your home in the city. Employ a real estate agent today, and you can receive comprehensive support as you list your city home and navigate the property selling journey.
Adding a condo to the housing market may seem difficult at first. Lucky for you, real estate agents can help you streamline the process of listing your condo, stirring up interest in your property and ensuring you can maximize its value.
What does it take to find the right real estate agent to sell your condo? Here are three questions that you should ask a real estate agent before you hire this professional to sell your condo:
1. Have you sold condos in the past?
When it comes to selling a condo, it is always better to err on the side of caution. Therefore, you may want to consider hiring a real estate agent with condo selling experience over a real estate professional who exclusively sells homes.
A real estate agent with condo selling experience may be able to offer insights that you won't receive elsewhere. For example, this real estate professional may be able to provide tips to help you enhance your condo without the risk of violating homeowners' association (HOA) rules.
Plus, a real estate agent with condo selling experience will understand how to manage home selling challenges that may arise. This housing market expert will be able to address such challenges quickly and limit their impact on the condo selling process.
2. What approach will you take to sell my condo?
As a condo seller, your goal is to sell your condo as quickly as possible and ensure you can get the best price for your property. Meanwhile, you should find a real estate agent who shares your goal and will do everything possible to promote your residence to the right groups of property buyers.
Initially, a real estate agent should learn about your condo selling needs. He or she will listen to your condo selling concerns and ensure you are fully supported throughout the condo selling cycle.
A real estate agent should be ready to promote your condo in a variety of ways too. From social media posts that highlight the size and beauty of your condo to open houses that enable property buyers to check out your residence, a real estate agent should go above and beyond the call of duty to showcase your condo.
3. Why should I hire you?
No two real estate agents are identical, and as such, you're sure to hear lots of different responses to this question. Consider a real estate agent's answer closely, and if you are satisfied with the response, you may want to move forward with this housing market professional.
For home sellers, it is essential to collaborate with a real estate agent who makes you feel comfortable. This real estate professional will communicate with you regularly and keep you informed at each stage of the home selling process. As a result, you'll never be left in the dark as you move closer to selling your condo.
Ready to sell your condo? Use the aforementioned tips, and you can hire a great real estate agent to help you simplify the condo selling process.
Looking to add your home to the real estate market? Ultimately, you'll want to do everything you can to maximize the value of your residence.
For home sellers, getting the best price for a residence may seem virtually impossible at times. Fortunately, we're here to help you plan ahead so you can get the best price for your house as soon as it hits the market.
Now, let's take a look at three tips to help you optimize the value of your residence, regardless of the current real estate market's conditions.
1. Examine the Housing Market
When it comes to the real estate market, it is important to understand how your residence stacks up against the competition.
Collect housing market data to learn about the real estate sector. Then, you can establish a "competitive" price for your home and boost your chances of a quick home sale.
Typically, home sellers should look at the prices of currently available residences in their cities and towns. This will enable home sellers to understand the local real estate market and establish a price range for houses that are similar to their own.
Don't forget to review the prices of recently sold houses as well. With this housing market data in hand, home sellers can find out whether they are about to enter a seller's or buyer's market.
2. Complete a Home Appraisal
Let's face it – what your home is worth today is unlikely to match what you initially paid for your residence. If you have completed a wide range of home upgrades over the years, the value of your residence may have increased. Or, if you failed to maintain your house's interior and exterior, your residence's value may have fallen.
A home appraisal will enable you to learn about your house's strengths and weaknesses. This assessment is performed by a professional property inspector who will take a close look at your house's interior and exterior. After the assessment is finished, the property inspector will provide you with a report that can help you price your house appropriately.
If you want to boost your home's value after a home appraisal, you can always complete various home interior and exterior improvement projects. That way, you can enhance your house both inside and out and move closer to maximizing the value of your home.
3. Consult with a Real Estate Agent
A real estate agent is a difference-maker for home sellers, and for good reason. This housing market professional will do everything possible to help you prep your house and ensure you can receive the best price for it – without exception.
Usually, a real estate agent will set up home showings and open houses, negotiate with homebuyers on your behalf and much more. He or she will even provide honest, unbiased home selling recommendations to ensure you can streamline the home selling journey.
Don't leave anything to chance as you get ready to add your house to the real estate market. Use these tips, and you should have no trouble getting the best price for your house.
Listing a house may seem like a long, arduous process, especially for a first-time home seller. But with the right real estate agent at your side, you can receive expert support at each stage of the home selling journey.
What does it take to hire a diligent real estate agent to ensure you can sell your house? Here are three tips to help first-time home sellers employ the ideal real estate agent.
1. Conduct a Comprehensive Search
Search far and wide for a real estate agent – you'll be glad you did. With an extensive search, you can learn about the pros and cons of working with various real estate agents in your area and plan accordingly.
Don't hesitate to reach out to friends and family members for real estate agent recommendations. If friends and family members enjoyed outstanding experiences with certain real estate agents, it may be a great idea to contact the housing professionals who have helped your loved ones achieve their home selling goals.
Also, look for real estate agents who boast many years of industry experience. These housing market professionals are likely to understand the ins and outs of selling a residence. As such, they may be better equipped than other real estate agents to help you optimize the value of your house.
2. Ask Plenty of Questions
If you find a real estate agent who seems like a viable candidate to help you sell your residence, it is important to set up a face-to-face meeting. That way, you can ask questions and determine whether this individual is the right person to assist you.
During a face-to-face meeting, find out what a real estate agent has to say about your residence. Typically, a diligent real estate agent will conduct extensive research before meeting with you and should be able to offer honest, unbiased home selling recommendations.
Furthermore, there is no such thing as a "bad" question, especially for those who are selling a house for the first time. And if you have questions for a real estate agent, a face-to-face meeting provides an excellent opportunity to get your queries addressed by a housing market expert.
3. Get Client Referrals
Ask real estate agents for client referrals. Then, reach out to past clients so you can better understand how a particular real estate agent has supported home sellers over the years.
If a client offers glowing recommendations of a real estate agent, this housing market professional may prove to be the best choice. On the other hand, a client who encountered problems with a particular real estate agent may help you avoid making the wrong decision as well.
Ultimately, the right real estate agent is someone who can help you sell your house and keep you informed as the home selling journey moves forward. And if you spend some time learning about the real estate agents in your city or town, you should have no trouble employing a top-notch real estate agent who can take the guesswork out of selling your residence.