When the time comes for a family to make that fundamental decision either to buy or sell their home, no mistakes can be afforded. This important, sometimes lifetime decision, requires a lot of thinking, planning and preparation. Some people believe that buying or selling a house is as simple as putting an advert in a newspaper or a website, it is not that easy. To Buy or to Sell your home deserves more than that.
What to do before you sell
Selling your home – especially if you’ve never done it before – can be surprisingly time-consuming and emotionally challenging. Strangers will come into your home and poke around in your closets and cabinets. They will criticize a place that has probably become more than just four walls and a roof to you, and then, to top it all off, they will offer you less money than you think your home is worth. With no experience and a complex, emotional transaction on your hands, it’s common for first-time home sellers to make lots of mistakes, but with a little know-how, many of these pitfalls can be avoided altogether.
Become a real seller
Selling your home can be an emotional process, so prepare yourself before listing your property. Begin viewing your house not just as a home but as an investment and a business transaction. Using a professional Realtor can be a good advice. Try not to take suggestions from your realtor personally and it will make the process much easier. A realtor can be a great help during the whole process of selling your home and can make your life much easier.
Choose the right agent
Hiring a real estate agent is one of the more important decisions you will make when selling your home, so take your time. A good agent will also have more experience negotiating home sales than you do, potentially helping you get more money than you could on your own. Further, if any problems crop up during the process – and they commonly do – an experienced professional will be there to handle them for you. Finally, agents are familiar with all the paperwork and pitfalls involved in real estate transactions and can help make sure the process goes smoothly.
No matter how well your home is advertised, if it is not priced right, it won’t sell. Pricing depends on several factors. The type of market, available supply of similar properties and the demand in the area will determine the right price. A strategy that usually agents like to use, is listing your home just above the market to leave room for negotiation, but not too high that you miss your buyer pool. Another popular strategy is to list your home just under market value, creating a sense of urgency. In any case a good market research is vital to identify the real market values the area your home is located and for properties with similar characteristics.
Depersonalize & De-Clutter!
You are selling your home, not yourself, so put away photos of your family or children’s artwork so that they don’t become distracting to any potential buyers. They need to visualize themselves living in the home, not you. You need to prepare the house in such a way that any potential buyer will be impressed. Make the House Sparkle! A dirty house is never appealing to potential buyers. The first impressions will either make or break a buyer’s opinion of your home, so make sure you put your best foot forward. Take the time to make the home bright, clean and smelling great.
Always be ready to show
Selling a house is a full-time job as a potential buyer might walk through that door at any time, so do your best to keep your home in showing condition. It is also important to make the required arrangements to be able to show your house several different hours during the day.
Don’t over upgrade
The condition of your house plays a vital role for the price and the time required to get a good deal. So, some small improvements may be required. That custom-built oven or glass-bottom tub may sound fun, but extreme upgrades are unlikely to return in value. Make minor repairs. Do consider putting money in kitchens, flooring and bathrooms, but make sure the finishes are comparable to other homes in the area. Kitchens sell but you must not overdo it. You need to find a nice balance between small repairing and a budget that will bring back the best returns.
Rearrange Bedroom Closets and Kitchen Cabinets.
Bedroom is the place where people spend on average most of their time while in the house. It has to look as good as possible. Buyers love to snoop and will open closet and cabinet doors. Showcase how much space is in your closets and cabinets by clearing out old clothes, toys, pots and pans.
Light it up
Turn those lights on, bust open the blinds and drapes and, if you’re up for it, paint the walls with a bright color to make your home as light and bright as possible.
What to do before you buy
This is one of the most exciting and same time stressing experience in our lives. You are about to choose a home for your family, a place to stay for the next decades and that is a very important decision that you have to make. Buying a house can be a daunting, complex and often frustrating experience – and that’s for people who have done it before! A first time homebuyer can often feel completely at sea when faced with their first purchase.
If you’re about to buy your first home, you may feel like you’re on the brink of taking a great leap into the unknown. The idea of lenders, real estate agents, solicitors and vendors all with mountains of forms, requirements and jargon may have you wondering whether it’s worth all the effort. On top of all that, you still have to find the right house!
Relax – it’s not that bad.
If you take the great leap in a series of steps, you’ll be safe and sound inside your own home in no time. Here are some of the steps you should follow to make your move into the world of homeownership as smooth and hassle-free as possible:
Understanding what is the ideal house for you
Before you do anything else, you need to sit down with your family members and decide what are your needs and your budget. To buy a house that covers all your needs but is far outside your budget, or to buy a cheap house that is not covering not even part of your needs are not the right options for you. Buying a home is sometimes a lifetime decision and you need to think carefully before you make any further step.
Your current as well as your forecasted future situation (for example you do not have kids but are planning to have 2 in the next 5 years) will determine together with your current and future affordability the type of house and the area you have to search for.
Check the local area facilities
For personal and financial reasons, it is smart to check out the facilities available close to your home. A good school district will add a substantial amount of money to your new home’s value over the years.
Visit the home at different times of the day
As a buyer, you need to know all the good and bad that your next home has to offer. Try and swing by the property at different times of the day to see if it gets too much or too little light, if the traffic sounds too loud during rush hour, etc.
See the storage
A house has to be cozy, beautiful, comfortable but also practical. It is exciting to check out all the bells and whistles on a new home, but don’t forget to take the time to note the storage. Check out the pantries, closets and other storage options to make sure it will work for you.
Ignore the paint
A fresh coat of paint is sometimes used to cover up past issues, so take your time to examine everything and not let that paint distract you from potential problems.
Get a home inspection
I highly recommend all buyers to have a thorough home inspection. It can be expensive, but it would be more pricy to buy the home and then find out it has foundation issues or a busted water heater.
Check for red flags
Your agent should be alerting you of potential red flags a home may have, but it is smart to be aware of what to lookout for. Here are some suggestions:
- Has the home had any issues with mold?
- Is there lead paint in the home?
- How is the home’s foundation?
- Have there been any bug problems in the home?
- Are there lots of homes for sale in the neighborhood? If so, why are people leaving?
In any case you are about to make a new start in your life. To avoid mistakes, selling or buying a home is a procedure that requires time and concentration. Do not stress yourselves. Life is beautiful and you are about to make a decision for the best of your family.
REValuer by Tegova
Civil Engineer Msc / DBM