Pam Spiros' Blog
Ever wondered what the market value of your home is? Or what the market value would look like for your dream home? If you’ve done a quick Google search you’ve probably come across at least a handful of websites offering tools to help you determine the value you on your own. But the numbers these tools put out should always be taken with a grain of salt. Calculating a home’s value is a complex calculation taking more than just hard data into account. And that’s where your real estate agent comes in with the information you need to know that an online tool couldn’t possibly obtain.
The first thing you should know is that the market value is not a number set in stone. It’s also not a number that is reached from purely quantitative data. This is because market value is what buyers are willing to pay for a home and there are so many qualitative factors that go into this decision. Factors a computer can’t find or determine on its own and that usually require someone local who has extensive knowledge of the area.
Someone like a real estate agent! An agent is well versed in selling homes in the area and connections to the community. Agents also have access to a database that stores information from all the local home sales to use as a jumping off point when calculating the home value.
So this isn’t a hard and fast rule that necessarily goes by the book. While homes that have sold with similar features as yours are part of the equation they aren’t the whole picture. So yes, the number of bed and baths in your home, amenities, recent updates, the overall condition of the home, location, and age of the house will all be carefully considered this is just a piece of the bigger picture.
Factors such as current market conditions, how many other houses are on the market, and the various reasons why nearby homes have sold are a few factors that can make an impact on your home value. Afterall, you don’t want to underprice your home based off of other homes that have sold at a lower price point to attract buyers fast or overprice for your neighborhood based on what you feel your home is worth.
Lenders want to ensure the home is selling at or above the market value so getting the price right will ensure a smoother buying process for potential buyers. However, if a property is on the market for longer than 30 days, which happens often to those that are overpriced, buyers start to wonder why. They may avoid your home as a possibility. In this scenario, sellers often have to significantly drop pricing, often below market price, to attract potential buyers.
Real estate agents are truly the best source for all of this information. They can perform what is called a competitive market analysis (or CMA). We have access to resources third-party websites and DIY-appraising just can’t access.
You might believe that your house is real estate market-ready. However, if you fail to allocate the necessary time and resources to boost your house's curb appeal, you may miss out on opportunities to showcase the true beauty of your residence to potential buyers.
Fortunately, there are many proven ways to enhance your house's curb appeal, and these include:
1. Perform Home Exterior Maintenance
Consider the homebuyer's perspective as you assess your residence's exterior – you'll be glad you did. Because if you approach your residence like a homebuyer would, you may be able to identify "hidden" problem areas faster than ever before.
For example, if you notice damaged home siding or a messy front lawn, you should perform assorted home exterior maintenance and repairs. This will enable you to eliminate any home exterior eyesores before you list your residence.
2. Conduct a Property Inspection
If you want to go above and beyond the call of duty to assess your home exterior, you should conduct a property inspection. That way, you can work with a house expert to detect and resolve any home exterior issues.
During a property inspection, a home expert will evaluate your residence both inside and out. Then, the home expert will provide a report that outlines his or her inspection findings.
Review the results of a property inspection closely. The inspection report likely will contain valuable insights that you can use to prioritize myriad home exterior upgrades. And if you complete these upgrades, you may be able to transform an ordinary home exterior into a stunning one.
3. Consult with a Real Estate Agent
The real estate market can be difficult to navigate, particularly for a seller who wants to improve a house's exterior as quickly as possible. Luckily, real estate agents are available in cities and towns nationwide, and these housing market professionals can make it simple to find ways to enhance your residence's exterior.
A real estate agent is happy to provide recommendations about how you can upgrade your residence's exterior without breaking your budget. Thus, this housing market professional can help you get the best possible results from any home exterior improvement projects.
Of course, let's not forget about the assistance that a real estate agent can provide throughout the home selling journey, either.
A real estate agent will help you list your residence and promote it to potential buyers. He or she will even review offers on your house and negotiate with a buyer's agent on your behalf. With all of this support, a real estate agent will make it easy for you to maximize your home sale earnings.
If you're unsure about how to improve your home's curb appeal or perform various home selling tasks, you should hire a real estate agent. By employing a top-notch real estate agent, you can speed up the home selling process and increase the likelihood of a profitable home sale.
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Selling a home may be difficult, especially for those who plan to list a residence for the first time. Fortunately, many real estate agents are available to guide you along the home selling journey.
Although there is no shortage of real estate agents at your disposal, it is important to note that not all real estate professionals are created equal. Therefore, it is essential to allocate the necessary time and resources to find a real estate agent who can help you achieve your home selling goals.
What does it take to find the right real estate agent to help you sell your residence? Here are three tips to ensure you can do just that.
1. Review the Current Housing Market
Take a look at homes that are currently available and the real estate agents who are associated with these properties. That way, you can find out which real estate agents are available in your area.
Also, don't forget to assess recently sold homes in your city or town. This will allow you to learn about the real estate agents who sold various houses and how long it took these housing market professionals to finalize the property sales.
You can always search the web for real estate agents in your area too. By doing so, you may be able to view client reviews that can help you determine whether a particular real estate professional is the right choice.
2. Consult with Friends and Family Members
Friends and family members sometimes can provide insights into their past home selling experiences. As a result, they may be able to connect you with a real estate professional who will go above and beyond the call of duty to assist you.
Furthermore, neighbors may prove to be great resources as you search for the perfect real estate agent. If a neighbor recently listed or sold his or her residence, you may be able to work with the same real estate agent.
3. Meet with Several Real Estate Agents
When it comes to finding a real estate agent, it never hurts to have a face-to-face conversation.
Set up meetings with several real estate professionals. This will allow you to learn about a real estate agent's background and expertise and decide whether you feel comfortable working with this individual.
In addition, try to get client references from real estate agents and reach out to past clients to find out what it was like to work with a particular real estate professional. As such, you'll be better equipped than ever before to make an informed decision.
The search for the right real estate agent often requires hard work and patience. With the right approach, you can hire a real estate agent who can help you accelerate the home selling journey and optimize the value of your residence.
Take advantage of the aforementioned tips, and you should have no trouble employing a top-notch real estate agent.
Curb appeal is a difference-maker during the home selling process. If you understand how to upgrade your residence's curb appeal, you may be better equipped than ever before to enjoy a fast, profitable house selling experience.
Now, let's take a look at three tips to help you improve your house's curb appeal.
1. Prioritize Lawn Care and Maintenance
If your lawn is covered in weeds and high grass, it may be overdue for a trim. Fortunately, you can mow the lawn, trim the hedges and perform assorted home lawn care and maintenance tasks to upgrade your residence's curb appeal in no time at all.
Of course, if you want expert lawn care assistance, you can always hire a home landscaping company. A typical home landscaping company employs friendly, knowledgeable lawn care specialists who can help you improve your lawn and bolster your house's curb appeal.
2. Eliminate Clutter
Lawn decorations may help you differentiate your home from others in your neighborhood. At the same time, these decorations may actually diminish the appearance of your home in the eyes of potential buyers. Also, lawn decorations may make it tough for buyers to envision what life may be like if they purchase your residence.
Remove lawn decorations, because if you have a clutter-free lawn, you can show buyers the true size and beauty of your lawn. And as a result, buyers may fall in love with your residence as soon as they see it.
3. Perform Home Exterior Repairs
If you notice cracked or chipped siding or other home exterior issues, don't wait to correct these problems. Because the longer you wait to perform home exterior repairs, the longer it may take to sell your residence.
For those who are uncomfortable about completing home exterior repairs on their own, it may be beneficial to hire a contractor. This professional will dedicate the necessary time and resources to ensure your home's exterior will impress buyers.
As you search for ways to improve your house's curb appeal, you may want to hire a real estate agent as well. In addition to offering recommendations about how to bolster your home's overall appearance, a real estate agent can serve as an expert guide along the property selling journey.
A real estate agent is happy to help you list your house, promote it to prospective buyers and host home showings and open house events. Plus, if you receive an offer to purchase your residence, a real estate agent can provide recommendations about whether to accept, reject or counter this proposal. A real estate agent will even negotiate with a buyer's agent on your behalf so you can maximize your house sale earnings.
Spend some time upgrading your residence's curb appeal – you'll be glad you did. If you can improve your home's curb appeal, you may be able to stir up lots of interest in your residence and reap the benefits of a quick, seamless house selling experience.