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Oct 8, 2019
Common Home Selling Mistakes to Avoid
When it comes to selling a home, there are common mistakes to avoid. Don’t plunge into these pitfalls as they can cause you to struggle with getting the price you want or selling your home fast. Price Reductions at Intervals Think about the price you can afford to sell your home for. You need to think about the agent cut, if you owe on it, and if you need money to move or to put down on another home. This can all influence what you are able to accept for your home. Don’t price it high and hope to make a fortune from the sell. If you continually reduce the price at intervals, potential buyers start to get nervous. First, they know you are desperate to sell the property and they are curious why. They worry there could be something wrong and they don’t want to take the risk the home might be a money pit for them. Second, they know if they are patient you will drop the price again and that means if they do decide to buy it, they can get a better price on it. The Wrong Agent Take your time to secure a very good real estate agent to work with. They should be knowledgeable, easy to communicate with, and proactive to get your home sold. Find out about their experience and overall reputation before you hire them. Ask your friends and family who they have used and if they had a great experience. Read reviews online and schedule some interviews before you pick one. Too Dependent on the Market If the market isn’t great right now, you may think waiting six months or longer is going to work in your favour. You may feel that is going to help you get more money. Yet while you wait, there are people out there looking at homes and buying them. You could be missing out on prime opportunities to sell your home. Not Staging First On the other side of that coin, don’t be in such a hurry to get your home on the market that you don’t properly stage it. You only get one shot to make a good impression for your home with potential buyers. Take the time to fix what needs fixing, to remove clutter, and to give it a good clean. Then you can take exceptional photos and get people interested in coming inside to take a look around.
Oct 2, 2019
Avoid these Mistakes when Putting your Home on the Market
When you make the decision to put your home on the market, you need to make sure you do so correctly. There are common pitfalls you have to avoid as they can be roadblocks to getting the money you want for it, in very little time. Wrong Price Spend some time determining the right price for your home based on the market. What are other homes similar in size and quality being sold for? Your neighbourhood can also influence prices. Don’t let your emotions determine how much you will ask. Likewise, don’t ask too little because you really need to sell the home. This can give the impression there is something wrong with the place and people won’t come to look at it.\ Poor Appearance You may be thinking your home is good enough for you so it should be good enough for new buyers. They want appearances outside and inside to be nice and inviting. If you don’t make an effort to really clean and take care of the small details, they aren’t going to be happy with what your home offers. Not Negotiating Unless you must have a set dollar amount of money from the sale of your home, such as to pay off the loan on it, you should be willing to negotiate. Don’t assume the first offer you get will be one of many. It may be a long dry spell before you get any other offers. Don’t be offended if someone is offering you less. Talk to your real estate agent to determine if it is a fair offer. You can also give them a counter offer with some middle ground you can both work from. No Agent It can be tempting to try to sell your home on your own but that often doesn’t work out well. Without a real estate agent, you may not have the right structure in place. You may not know what to fix or what to stage. You may not have the right methods of advertising in place. Eventually, most self-selling owners have to cut their losses and hire a real estate agent. It is better to just do that from the start.
Sep 25, 2019
The Right ‘For Sale’ Sign in your Yard Matters
You may think a ‘for sale’ sign in your yard is trivial but it does matter! It is a way for anyone driving by, looking for a home to purchase, to consider yours. However, the right sign along with an appealing front yard, is necessary. Don’t be in a rush to put up just any sign in your yard, make a good impression and make it stand out! Size and Placement Restrictions Before you put any sign in your yard, find out about the restrictions and regulations that may apply. You may be limited to certain sizes or placement areas. Your real estate agent can help you with such details. If they don’t have that information readily accessible, they will know where to get it from. A planned community can have POAA (Property Owners Association of Australia) restrictions and that will be up to you to look into. Sign Details Don’t go with a generic ‘for sale’ sign in your yard. Instead it should have clear information including your asking price and phone number. If you prefer, put the phone number of your real estate agent on the sign. You can put a container out there with fliers too. Such information allows them to conveniently pull over and take detailed information with them to review later.
Sep 18, 2019
Professional Photos can help your Home to Sell
You may already know you need good quality photos to sell your home successfully. It can be a good investment to pay a professional to take those photos. They have an eye for detail and the angles to take the shots from. They also have high quality cameras and other equipment that offer you very crisp and clear photos. Time for Photos Taking photos of your home at various times of the day and night can make a difference from the point of view of potential buyers. Taking some during the daylight and others at dusk or in full darkness, matter. They can help make your home more appealing and get it attention, so you have people coming to see the home. Long exposures can help them visualise themselves sitting on your deck enjoying a lovely view. Competitors Typically will have Daylight Photos When potential home buyers are looking around, the photos may all start to run together. Yet yours can stand out because they aren’t just the daylight images. That is what most of the other homes on the market are going to be showing. Just the fact that you have something unique is going to capture their attention. It also gives a stylish depth to your home that the competitors’ images will be lacking. Interest through Photos is Important While professional photos alone aren’t enough for you to sell your home, they do matter. They help you make a connection with those interested in buying a home. Since most people look online at photos before they schedule viewings, it can be the link you need to reach your target audience with positive results. Find a professional with experience in taking images of homes for sale. Make sure you can communicate with them well and they have experience. Discuss the specifics with them including pricing before you hire anyone to do this work for you.
Sep 11, 2019
Why Selling your Home Independently is Discouraged
Many people consider selling their home independently, but it is strongly discouraged. The main drive behind it is to save money on real estate agent fees. The commission is normally around 6% and that can add up to thousands of dollars depending on the selling price. However, as your own agent you have to take on the many tasks of the job that you may not be prepared for. This can cause your home to linger on the market. Showing of the Property Many potential buyers are sceptical when it comes to owner sales, and they don’t want any part of them. They worry about the risk of scams and they don’t want to give their personal details to just anyone. They also don’t like the idea of the owner following them around the home when they are trying to inspect it. Emotions can run high when selling your home, and as you see people looking around, it can prove to be too much for you. Time Management If you already have a job, you will find trying to sell a home on your own is very difficult. It is going to consume your time. It can be hard to balance all of it and possibly even create unnecessary anxiety in the end. You may spend far too much time on given tasks too because you aren’t familiar with them and you don’t have the right resources. A real estate agent knows the most efficient techniques to get desired results. Negotiations are Tough There can be plenty of negotiating that goes on when you sell a home. The potential buyer may give you an offer less than your asking price. This is a counter offer. You can accept it and proceed with the sale or you can decline it and give them a counter offer of your own. They can accept it or they can come back with another offer. This can go back and forth until an agreement is made or one of you is no longer willing to negotiate any further. A real estate agent is able to tell you what they feel is a good offer and why. This can prevent you from turning down a great offer. It can also ensure you don’t get taken advantage of when you sell your home. If you are unaware of things that could hinder the sale, you may think lowering the price is what you need to do, when it is not.You need the expertise of a real estate agent to help you get your home ready for the market.
Sep 5, 2019
The Basics of Property Marketing
Understanding the basics of property marketing will help you to make some good decisions. While your real estate agent should be directing all of this and putting it in motion, you need a basic understanding of what it is all about. You will be less resistant to pay for such marketing if you understand the reasons behind it. Marketing Package Essentials It is important to have many pieces to the marketing package in place. You don’t want to rely on just one entity to help you get your home sold. Instead, you want to have several pieces in place. This includes online images and photos, a sign in your front yard, and local advertising. Your potential buyers can be looking in many directions and you don’t want them to miss your home and all it offers. Professional Photos It is highly recommended you take property marketing to the next level with professional photos. They can give your home the best look and generate more interest. You need the images to get potential buyers to come and look at the home in person. Arrange if possible for some of the photos tobe taken at night as well as during the day, for the best feedback from viewers.
Aug 27, 2019
Reasons to Consider an Exclusive Listing
An exclusive listing can help you to sell your home in less time. It can also help you to get qualified buyers in less time. The quality of the outreach is more important than the volume of it. With an exclusive listing, you can reach those who are looking for the type of home you are offering. Access to the Right Agency With an exclusive listing, you will get more one-on-one services provided. You will have the right agency and the right agent on your side. You will sign an agreement with them allowing for the exclusive rights to sell your home. You will get to work closely with your agent to create the right listing and the right staging for your home. The agency is also going to put all of their resources into helping you to sell your home. As a result, you will get it sold in less time and you will likely get your asking price for it. Should there be negotiations on the price, it will be close to your asking price. Motivation With an exclusive listing, the real estate agency knows they will get a generous commission from the sale of your home. Another agency isn’t going to be able to swoop in and take that out from under them. They are going to be motivated to market your home to their potential buyers. They are also going to communicate with you what they feel should be done to make your home as appealing as possible.