The best place to start is to declutter your home. Give the walls a fresh new coat of paint and make any simple repairs you’ve been putting off around the house. Familiarize yourself with your own neighborhood so you have a good idea of what your home is worth and what its the competition is like. List off the attributes that make your home a unique, charming catch of a property and figure out how to play those up best.
There are so many ways to estimate the value of your home. You can begin this process by using online valuation tools on real estate sites like Zillow and Redfin or evaluate comparable properties.
You may also use public records like property transfers, deeds of ownership, and tax assessments. These tools try to predict your home’s value based on recent sales and listing prices in the area.
Another option is to use the FHFA House Price Index Calculator, which is an easy way to see how much your house may have appreciated over time. Just keep in mind that it only looks at conforming home mortgages and isn’t adjusted seasonally for inflation.
When you’re ready to take a deeper dive into the process, why not set up a consultation with trusted experts like our very own Solas real estate agents? We are happy to assist you with a comparative market analysis, or CMA. Although CMAs are not quite as detailed as a professional appraisal, they do provide an agent’s estimate of value that will typically suffice for listing purposes.
Generally, the commission to sell your home is 6%, but we sincerely believe it’s worth it. Just to put things into perspective, 91% of sellers were assisted by a real estate agent when selling their home, and the typical for-sale-by-owner (FSBO) home sold for $200,000, compared to $265,500 for agent-assisted home sales.
If that’s not enough to convince you, some of the other perks of using our Solas realtors are:
There’s no way to generate a one-size-fits-all answer for this question, because it’s truly a case-by-case situation for each home. Obviously, the more show-worthy you can make your home, the more it will be worth. If you have any rooms that could use a fresh coat of paint, a floor refinish, or minor cosmetic updates, now’s the time to check those off your to-do list. You do not have to complete a full renovation overhaul in your bathroom or kitchen, but their aesthetic features should look sharp and appliances should function properly. Making these easy changes can prevent your home from looking too dated.
It’s wise to enlist the help of an experienced real estate professional early on who can take a close look at your home and point out minor fixes you can make to keep potential buyers from getting hung up on small details, like fixing a broken door or filling in a tiny hole in the wall.
It’s also important to keep your home’s view from the street in mind, because this is a prospective buyer’s first impression. Curb appeal plays a major role in a successful home sale, so you may need to clean or repaint the exterior siding or freshen up the landscaping.
Although you do have the option to list your home “as is,” if you’re short on time, money, or both, homes listed as is will sell for far less than updated homes. If a buyer knows she’ll need to repair the roof and replace the AC unit immediately, you can’t reasonably expect to get the same amount of money you would for a move-in ready property. A little goes a long way when it comes to home updates.
This is a tricky one, but there are plenty of options for this common predicament. It’s truly a balancing act that depends on the flexibility of all buyers/sellers in the transaction.
If you buy before you sell, know that this the more challenging choice. While it’s not impossible, it does require more negotiation. Sometimes, you find your dream home too early and it’s just too perfectto pass up. If this is the case for you, here are some options:
Selling your old home before you buy a new one is a more financially secure option, however, this option also has its cons, like dealing with the stress of moving twice within a short period of time. Some tricks you can try to make this process go more smoothly are:
According to OK Realtors, homes stayed on the market for an average of 60.18 days before they sold in December 2018, which decreased by 0.57 days or 0.94% from December 2017.
It’s no secret that debt has a bad reputation, so it’s natural to think buying a home with cash (or by putting as much down as possible) is always the best course of action to take, but that’s just not always the case. There’s a lot to take into consideration when making this choice. Here are some major pros and cons of buying a home with cash instead of a loan.
One major closing cost for sellers at settlement is the commission for the real estate agents involved in the transaction. These are negotiable and vary somewhat by market, but a typical commission is 6 percent of the sales price of the home split between the listing agent and the buyer’s agent.
Other costs to consider include:
There are pros and cons that come with each option. On one hand, it may be easier to sell a staged home because you can set the stage for what buyers see, and the more vividly the can imagine themselves actually living in the home, the more comfortable they’ll be buying it.
Staging the home often makes for more aesthetically pleasing listing pictures, and having quality pictures is arguably the most impactful measure you can take to sell your home.
Another benefit of staging is that it lets you show the usefulness and value of smaller of oddly shaped rooms.
The main two disadvantages of staging a home are time and money.
It all boils down to your response to this question: How serious are you about selling your property? The more ready and willing you are to have frequent showings and open houses each day, sometimes multiple times a day, the more quickly you’ll sell your house. Plain and simple. Your goals and availability will help us determine how we should proceed with showings and open houses.
In this fast-paced digital age, high-quality professional photos are an absolute must. This is a benefit Solas Real Estate gives our sellers to help put your property’s best foot forward and make a solid first impression. These days, buyers and sharp and savvy. They won’t even give a property the benefit of the doubt if the photos are low-quality or nonexistent. This is not an area where you can or should cut corners.
Anytime is the perfect time to sell your home with Solas, but traditionally, spring and summer time are considered the best times to sell your home.