Donna Coakley McGowan's Blog
Selling a house may prove to be a high-pressure situation, particularly for an individual who is listing a residence for the first time. However, if you share your home selling plans with family members, friends and other loved ones, you may be able to receive additional support throughout the home selling journey.
Ultimately, there are many reasons to inform your loved ones about your plans to sell your house, and these reasons include:
1. You can respond to any concerns or questions before you finalize your home selling decision.
Loved ones have your best interests in mind, and as such, they probably are unafraid to tell you exactly what they think and how they feel. Therefore, it may be beneficial to tell your loved ones about your intention to sell your house, as you'll be able to receive unbiased feedback about your decision.
Although loved ones might not always agree with your decision to sell your home, it is paramount to open the lines of communication with them. And if you tell loved ones about your plans to sell your house, you can clear the air with them before you list your residence.
2. You may be able to gain extensive home selling insights.
In many instances, loved ones may have sold a house in the past, and you may be able to learn from their prior home selling experiences.
Loved ones may provide you with home selling insights that you might be unable to obtain elsewhere too. Then, you can use these insights to increase the likelihood of a successful home selling experience.
3. You can take the first step to promote your house to potential buyers.
Loved ones can help spread the word about your house to dozens of potential buyers. Thus, if you give loved ones advanced notice about your home selling plans, you may be better equipped than ever before to stir up significant interest in your house.
Of course, once your house is listed, it usually is a good idea to share your home listing with loved ones as well. Loved ones then can share your home listing with co-workers, friends and others, thereby improving your chances of a fast, profitable home sale.
As you get ready to list your residence, you also may want to seek out a real estate agent. Because if you employ a real estate agent, you can get the expert help you need to accomplish your home selling goals.
A real estate agent understands the ins and outs of the housing market and will help you put together a successful home selling strategy. This housing market professional can help you showcase your residence to interested buyers. Perhaps best of all, a real estate agent is happy to respond to any of your home selling concerns or queries throughout the home selling journey.
Want to achieve the optimal results when you list your house? Collaborate with your loved ones – and a real estate agent – and you should have no trouble getting the best price for your residence.
If you intend to sell your house, you may want to let your family know about your decision. In fact, there are many reasons why you should consult with family members before you add your house to the real estate market. These reasons include:
1. You can address any concerns or questions.
Family members may have concerns or questions about your decision to sell your home. Fortunately, you can address their concerns and questions before you list your residence.
Remember, family members care about your well-being. If you involve them in the home selling process, you may be able to avoid potential conflicts down the line. Perhaps best of all, if you share your decision to sell your residence with family members, you can help them get on board with your decision.
2. You can plan ahead for the home selling journey.
The home selling journey may prove to be long and difficult, particularly for an individual who initially tries to work alone. Luckily, family members can offer lots of assistance as you get ready to sell your house.
If you inform family members about your decision to sell your home, they can help you prep for all aspects of the property selling journey. For example, family members can help you clean your residence and ensure that it looks great both inside and outside. As a result, telling your family members about your decision to sell your house may enable you to speed up the process of selling your house.
3. You can receive home selling guidance and support.
Family members are ready to help you in any way they can. Thus, if family members sold houses in the past, they may be able to share their house selling experiences with you. And as such, you can learn from their past experience so you are better equipped than ever before to streamline the home selling journey.
Lastly, as you prepare to enter the housing market, you may want to collaborate with a real estate agent. This housing market professional is happy to help you break the news about your decision to sell your home to family members. Also, he or she will provide comprehensive support as you navigate each stage of the house selling process.
Typically, a real estate agent will craft a personalized home selling strategy based on you, your home and your house selling goals. He or she next will set up property showings and open house events to promote your residence to prospective buyers. If a buyer submits an offer to purchase your house, a real estate agent will help you review this proposal so you can determine whether to approve, reject or counter it.
For home sellers who want to enjoy a fast, profitable house selling experience, it often is beneficial to hire a real estate agent. If you have a real estate agent at your side, you can quickly stir up interest in your home and boost the likelihood of maximizing your property sale earnings.
If you intend to sell your house, it pays to learn about the home selling process. By doing so, you can understand exactly what it takes to enjoy a seamless home selling experience.
Ultimately, there are three steps to sell your house:
1. Prep Your Residence
Take some time to learn about your residence's strengths and weaknesses. That way, you can identify any problem areas in your house and allocate the necessary time and resources to mitigate any issues that otherwise could slow down your home sale.
In many instances, it is helpful to schedule a home appraisal. During a home appraisal, a property expert will examine your residence both inside and out, as well as evaluate your home in relation to comparable houses in your city or town. Following a home appraisal, you will receive a property valuation that can help you establish a competitive initial asking price for your house.
Also, scrub the floors, clean the kitchen countertops and perform extensive home interior cleaning. And don't forget to mow the front lawn, trim the hedges and complete various home exterior maintenance and upgrades as well.
2. List Your House
Adding your house to the real estate market can be simple, especially if you work with a top-notch real estate agent.
Typically, a real estate agent will meet with you and learn about your home selling goals. He or she then will help you get your house ready for the real estate market, thereby increasing the likelihood that your residence will generate lots of interest from potential buyers.
A real estate agent is a must-have during the home selling journey. This housing market professional is unafraid to provide you with honest, unbiased home selling recommendations as you proceed along the home selling cycle. As a result, a real estate agent can help you optimize the value of your residence, regardless of the housing market's conditions.
3. Negotiate and Accept an Offer
Oftentimes, home showings and open houses will be held to showcase your residence to prospective buyers. If buyers like what they see, it may be only a matter of time before you receive multiple offers on your residence.
If you receive a home offer, you probably will have a short amount of time to decide whether to accept, reject or counter this proposal. Consider your options closely, and if you are not satisfied with an offer, you should not hesitate to walk away from the proposal.
On the other hand, if you receive an offer that you like, you can accept it. At this point, a buyer may perform a home inspection to further assess the condition of your house. And if the inspection goes well, it may be only a few weeks before all of the necessary paperwork is finalized and your closing date arrives.
The home selling cycle may seem like a long, arduous process at first. Fortunately, if you follow the aforementioned steps, you can reap the benefits of a fast, profitable home selling experience.
If a buyer rescinds his or her offer to purchase your house, there is no need to stress. In fact, there are many things you can do to rebound quickly, such as:
1. Address Any Problems with Your Home
Try to find out why a buyer chose to walk away from your residence. That way, you could receive valuable insights into any problems with your home.
For instance, if a buyer discovered myriad home problems during an inspection, you may want to devote time and resources to address these issues. Or, you may want to reduce your house's initial asking price.
You may want to hire home improvement professionals to perform assorted property upgrades as well. By doing so, you can receive comprehensive assistance with home repairs and ensure any property issues are resolved immediately.
2. Promote Your Home to Buyers
A home deal that falls through is not the end of the world. Thus, you should be ready to re-list your house and promote it to buyers. Because if you reenter the housing market, you can move one step closer to selling your home.
As you promote your home to buyers, you should keep your residence looking great both inside and outside. This will help you boost the likelihood that buyers will fall in love with your residence as soon as they see it.
Don't forget to consider the buyer's perspective, too. If you think about why a buyer might choose your home over other available residences, you may be able to highlight your house's distinct features to the right groups of buyers.
3. Consult with a Real Estate Agent
Let's face it – you may feel disappointed and frustrated if a buyer rescinds his or her offer to purchase your house. But if you work with an expert real estate agent, you can get the help you need to streamline the house selling journey.
A real estate agent understands what it takes to sell a house, and he or she is ready to assist you in any way possible. First, a real estate agent will learn about your home and ensure you can promote your residence to the right groups of buyers. He or she next will showcase your residence to prospective buyers and host home showings and open house events. Finally, if a buyer submits an offer to purchase, a real estate agent will help you review the homebuying proposal so you can make an informed decision.
Best of all, a real estate agent can help you minimize stress as you navigate the home selling journey. If you ever have concerns or questions during this journey, a real estate agent will respond to them immediately.
The home selling journey may be complicated, and ultimately, a buyer may choose to rescind his or her offer to purchase your residence. However, if you take advantage of the aforementioned tips, you can stay calm, cool and collected in the face of adversity. And as a result, you may be better equipped than ever before to seamlessly navigate the home selling cycle.
If you plan to sell your house, you should be proactive. Because, in most cases, a proactive home seller is a successful home seller.
With a proactive approach, a home seller can find unique ways to differentiate his or her house from the competition. That way, this home seller can boost his or her chances of a quick, profitable home sale.
Now, let's take a look at three best practices for proactive home sellers.
1. Upgrade Your Home's Interior and Exterior
Ensure your house looks great both inside and out. By doing so, you can guarantee your residence will make a long-lasting impression on homebuyers.
When it comes to improving your home's interior, it pays to mop the floors, wipe down the walls and ceilings and perform assorted home interior maintenance. If you need extra help along the way, you can always hire a professional home cleaning company as well.
To upgrade your home's exterior, you should mow the lawn, remove dirt and debris from walkways and perform any necessary home siding repairs. Remember, your house only gets one chance to make a positive first impression. And if your home's exterior dazzles, it will increase the likelihood that a buyer will want to set up a home showing.
2. Conduct a Home Appraisal
What you paid for your house a few years ago is unlikely to match your home's value today. Luckily, a home appraisal can help you set a competitive price for your residence from day one.
During a home appraisal, a professional appraiser will examine your home's interior and exterior. He or she also will evaluate assorted housing market data and use all of this information to provide a property valuation.
After you receive a home appraisal report, you should review the report findings closely. By leveraging all of the report data, you should have no trouble establishing a competitive price for your residence.
3. Work with a Real Estate Agent
If you want to be a proactive home seller, you need to work with a real estate agent. In fact, a real estate agent will do everything possible to help you accelerate the home selling process and ensure you can get the best price for your house.
A real estate agent understands the ins and outs of selling a home and will teach you about the home selling journey. Plus, he or she will learn about your home selling goals and guarantee you can accomplish your aspirations.
Perhaps best of all, a real estate agent is happy to set up home showings and open houses, promote your residence to potential buyers and negotiate with a buyer's agent on your behalf. And if you have home selling questions, a real estate agent is happy to answer them.
There is no need to take a wait-and-see approach to selling your home. Instead, use the aforementioned tips, and you can become a proactive home seller.