Posted by Steven Sawyer on 3/29/2020

Do you know home selling lingo? If not, miscommunications may arise that prevent you from maximizing the value of your house. Perhaps even worse, you risk making poor home selling decisions due to the fact that you don't fully understand the real estate terms included in a home sale agreement.

Fortunately, we're here to bring clarity to assorted home selling terms that you may encounter as you proceed along the home selling journey.

Let's take a look at three common home selling terms that every property seller needs to know.

1. Depreciation

Over time, the value of your home may deteriorate due to age, wear and tear and other problems. This is referred to as "depreciation," and depreciation ultimately may impact your ability to get the best price for your house.

To find out how much your house's value has depreciated, it may be worthwhile to conduct a home appraisal before you list your residence. That way, you can analyze your house's strengths and weaknesses. You also can uncover innovative ways to boost your home's appearance both inside and out, thereby ensuring you can set the optimal initial asking price for your residence.

2. House Closing

A house closing refers to the final transfer of ownership from home seller to homebuyer. Thus, once you and a homebuyer are ready to dot the I's and cross the T's on a home sale agreement, you'll complete the house closing process.

During a house closing, all terms of a contract between a home seller and homebuyer must be met. Moreover, the home deed will be recorded, and the house will finally be sold.

The house closing is a key part of the home selling cycle. At this point, a home seller will receive final payment for a house and transfer ownership of the property to the buyer.

3. Real Estate Agent

A real estate agent plays a pivotal role in the home selling process, and for good reason. If you hire an expert real estate agent, you should have no trouble navigating the home selling journey.

Typically, a real estate agent handles all of the tasks associated with listing and selling a house. This housing market professional will help you promote your residence to potential homebuyers, host open houses and home showings and even negotiate with homebuyers on your behalf. Plus, if you receive an offer on a home, a real estate agent can offer honest, unbiased recommendations about whether to accept or reject the proposal.

You don't need to look far to find a qualified real estate agent in your area, either.

Real estate agents are employed across the United States. In fact, if you interview multiple real estate agents in your area, you can find a real estate agent who makes you feel comfortable and confident about selling your house.

Allocate the necessary time and resources to learn various home selling terms. With a clear understanding of home selling terms, you can avoid potential pitfalls throughout the home selling journey.





Posted by Steven Sawyer on 2/2/2020

Family members and friends are loved ones who play important roles in your life. However, when it comes to sharing the news that you've decided to sell your home, it sometimes can be difficult to prevent these loved from sabotaging your home sale.

Lucky for you, there are many simple ways to reduce the risk that loved ones can hinder your ability to sell your residence.

Now, let's take a look at three tips to keep family members and friends involved in the home selling process.

1. Meet with Family Members and Friends

Don't wait to inform family members and friends about your decision to sell your house. Instead, meet with loved ones so you can discuss your home selling plans with them.

Face-to-face meetings with family members and friends are ideal. These meetings will allow you to explain why you decided to sell your home, where you plan to move and much more.

In addition, meeting with family members and friends shows loved ones that you care about their thoughts and feelings. It also sets the stage to involve your loved ones in the home selling process something that may help you get the best results possible.

2. Respond to Loved Ones' Home Selling Questions

In all likelihood, family members and friends will have lots of questions about your decision to sell your home. If you plan ahead for potential questions, you should have no trouble responding to loved ones' queries accordingly.

It may be tough to move further away from loved ones. But if you prepare before you meet with family members and friends, you can improve your chances of remaining calm, cool and collected as you share your home selling news.

Furthermore, it is important to remember that loved ones might not always agree with your home selling decision.

On the other hand, family members and friends should be ready to stick with you and support your decision, regardless of whether they agree with it. By doing so, your loved ones can provide you with the assistance you need to streamline the home selling process.

3. Discuss Your Options with a Real Estate Agent

For those who want to get their loved ones involved the home selling cycle, meeting with a real estate agent may prove to be a great first step.

A real estate agent can provide recommendations and suggestions about how to share your home selling news with family members and friends. Plus, this housing market professional can respond to your home selling concerns and queries at any time.

Perhaps best of all, a real estate agent will serve as a great guide throughout the home selling process. He or she will help you add your residence to the real estate market, promote your house to potential property buyers and negotiate with homebuyers on your behalf.

Don't worry about telling family members and friends about your decision to sell your house. Conversely, use these tips, and you can prevent your loved ones from sabotaging your home sale.





Posted by Steven Sawyer on 12/22/2019

The home selling journey may include many ups and downs, particularly for a seller who fails to plan ahead. Fortunately, we're here to help you set realistic expectations for the home selling journey so you can achieve the optimal results.

Now, let's take a look at three tips to help you establish realistic expectations for the home selling journey.

1. Know Your Home

Your home's condition may have deteriorated over time. Therefore, the value of your house today is unlikely to match what you initially paid for your home.

To understand the current valuation of your house, you may want to perform a home appraisal. This will enable you to receive a property valuation from an expert home appraiser. Then, you can use this valuation to establish a competitive price for your residence.

2. Conduct a Home Inspection

Although you may have performed a wide range of home upgrades over the years, underlying house problems may persist. Thankfully, a home inspection makes it easy to learn about myriad home problems before you add your house to the real estate market.

During a home inspection, a property expert will examine your residence both inside and out. Following the inspection, you'll receive an inspection report with detailed findings about the condition of your house.

Examine the results on a home inspection report closely you'll be glad you did. If you analyze the inspection results, you may be able to discover innovative ways to enhance your residence. And if you perform property improvements, you may be able to boost your house's value and increase the likelihood of a fast, profitable home sale.

3. Collaborate with a Real Estate Agent

If you're unsure about how to kick off the home selling journey, there is no need to stress. In fact, real estate agents are available in cities and towns nationwide who are happy to provide comprehensive insights into all aspects of selling a house.

A real estate agent can teach you about the ins and outs of the housing market. By doing so, a real estate agent will help you understand how to price your home and promote it to the right groups of buyers.

Moreover, a real estate agent will deliver in-depth support at each stage of the home selling journey. He or she will set up home showings and open house events, negotiate with a buyer's agent on your behalf and help you review offers on your house. And if you ever have concerns or questions about selling your home, a real estate agent is available to respond to them right away.

Working with a real estate agent can help you transform an ordinary home selling experience into an exceptional one. Perhaps most important, a real estate agent can offer honest, unbiased recommendations to ensure you can maintain realistic expectations throughout the home selling journey. And as such, a real estate agent can help you quickly and effortlessly accomplish your desired home selling results.





Posted by Steven Sawyer on 9/8/2019

Establishing a competitive initial asking price for your house often can be difficult. Fortunately, we're here to help you determine the ideal asking price for your home, regardless of the current housing market's conditions.

Now, let's take a look at three tips to help you set the right initial asking price for your home.

1. Study the Housing Market

How does your residence stack up against the competition? Evaluate the prices of comparable houses in your city or town, and you can narrow your home price range.

Furthermore, it helps to examine the prices of recently sold residences in your area. With this housing market data, you can find out whether you're preparing to enter a buyer's or seller's market. Then, you can map out your home pricing strategy accordingly.

2. Conduct a Home Appraisal

A home appraisal offers a valuable learning tool for a home seller. It allows a seller to receive expert insights into the value of his or her residence. As a result, a seller can get a property valuation from a home appraiser and use this figure to establish a competitive home asking price.

In addition, it may be beneficial to conduct a home inspection prior to listing your house. An inspection enables you to learn about any problems that may affect your house's value. And if you choose, you can use a home inspection report to prioritize assorted home repairs that may help you boost the value of your house.

3. Collaborate with a Real Estate Agent

If you're unsure about how to price your residence, there is no need to stress. In fact, you can hire a real estate agent to receive comprehensive support at each stage of the home selling journey.

A real estate agent is happy to help you assess your house and determine the right price for it. He or she is unafraid to be honest, and as such, will offer unbiased home pricing recommendations. That way, you can establish a competitive price from day one of the home selling journey and increase the likelihood of a quick home sale.

Also, a real estate agent goes above and beyond the call of duty to assist a home seller. This housing market professional will set up home showings and open house events to showcase your residence to prospective buyers. Plus, he or she will keep you up to date about offers on your residence. A real estate agent will even negotiate with a buyer's agent on your behalf to ensure you can maximize your home sale earnings.

Perhaps best of all, a real estate agent will respond to your queries throughout the home selling journey. If you ever have home selling concerns or questions, you can simply talk to your real estate agent and receive expert support.

Take the guesswork out of pricing your residence use the aforementioned tips, and you can set a competitive price for your home in any housing market, at any time.





Posted by Steven Sawyer on 8/18/2019

Although your real estate agent will be doing all the "heavy lifting" when it comes to marketing your home, your frame of mind and attitude can have a surprising impact on the success of his or her efforts.

This is especially true in regard to sprucing up your home and keeping it in tip-top condition for showings.

Your agent will do their best to bring prospective buyers to your home and offer you suggestions for making the best impression on house hunters, but it's up to you to implement their ideas. Those recommendations could run the gamut from keeping your lawn looking impeccable to applying a fresh coat of (neutral color) paint to areas that need it. Admittedly, it can be difficult to keep your home looking immaculate for every real estate showing, but "near perfection" is a goal worth aiming for!

Staying positive and optimistic in the face of setbacks, fast-approaching deadlines, and missed target dates can be difficult, but it's essential for fueling your motivation. If you, as a home seller, begin to feel discouraged and pessimistic, you may begin to label priorities as "not that important" or put things off that really need to be addressed now.

If you've been updating and maintaining your home on a regular basis, your to-do list might be shorter than home sellers who have been saying "We'll take care of that next year!" Problems develop when "next year" never comes and projects keep getting bumped to the future. If you're determined to put your best foot forward in the real estate market, there's no time like the present!

Since preparing your house to be listed can feel overwhelming, the secret is to prepare a priority list and tackle one task at a time. It can also be helpful to get feedback from your real estate agent on what improvements and changes will produce the most impact. A seasoned agent will be able to quickly size up the condition and appearance of your home, and let you know what issues need to be addressed first. Their experience, objectivity, and trained eye will help you identify cost-effective solutions and be able to present your home in its best light.

Although a good real estate agent will leave no stone unturned when it comes to effectively marketing your home, they will appreciate and be energized by the fact that you have pride in the appearance of your house and property. There are a lot of ingredients that go into the successful staging and sale of a home, but you can help keep the momentum going by doing a little extra painting (where needed), cleaning, and clutter reduction.

"Accentuating the positive and minimizing the negative" should be your watch words from the day you decide to list your house until the moment the sale of your home has been signed, sealed, and delivered!







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