Joseph D. Federico's Blog
Let's face it – selling a home in a buyer's market is far from ideal. In this scenario, a home seller likely will compete with many property sellers to promote his or her residence. And despite a home seller's best efforts, there are no guarantees that he or she will be able to maximize the value of a residence.
A buyer's market often is a dream come true for property buyers and a worst nightmare for property sellers. Lucky for you, we're here to help you navigate a buyer's market and ensure you can get the best price for your home.
Now, let's take a look at three tips that every home seller who is operating in a buyer's market needs to know.
1. Complete a Home Appraisal
A home appraisal offers a valuable opportunity for a home seller because it enables this individual to identify a property's strengths and weaknesses. That way, a home seller can find the best ways to enhance a residence and help it stand out from other available properties.
Typically, a home appraiser will inspect a residence both inside and out. After the evaluation is completed, the home appraiser will provide a home seller with a report that describes problem areas that were identified during the assessment.
A home appraisal report can make a world of difference for a home seller, particularly in a buyer's market. With this report in hand, a home seller can work toward enhancing a house's interior and exterior.
2. Establish a Competitive Price for Your Residence
What you paid for your home a few years is unlikely to match the value of your house today. Meanwhile, a home seller should set a competitive price for a residence to ensure that his or her house stirs up plenty of interest from homebuyers.
To determine a competitive price, examine the prices of comparable homes that are currently available in your area. This will help you establish a price range for houses similar to your own.
Furthermore, check out the prices of recently sold homes in your city or town. This housing market data can help you make an informed decision about how to price your residence.
3. Work with an Experienced Real Estate Agent
An experienced real estate agent is unafraid to list a home in a buyer's market. In fact, this housing market professional knows exactly what it takes to sell a residence in any real estate market, at any time.
Thanks to an experienced real estate agent, you can streamline the home selling process. This real estate professional will showcase your house to the right groups of property buyers consistently. He or she also will set up home showings and open houses, negotiate with property buyers on your behalf and do everything possible to help you optimize the value of your residence.
Take the guesswork out of selling a home in a buyer's market. Use these tips, and you can keep things simple as you sell your residence.
Looking to sell your Vermont residence? At first, it may seem difficult to get the best price for your Vermont house. Fortunately, we're here to help you optimize the value of your Vermont home and enjoy a seamless home selling journey.
Here are three tips to help you get the best results when you sell your Vermont house.
1. Do Your Homework
What makes your Vermont home unique? Ultimately, you'll want to promote your house to the right homebuyers, and understanding what sets your residence apart from others may help you gain a competitive advantage.
Also, don't forget to assess the Vermont housing market. Learn about the prices of comparable houses that are available, and check out the prices of recently sold houses that are similar to your own. With this housing market data at your disposal, you'll understand what it takes to establish a competitive price for your house.
An informed home seller will be able to set a competitive asking price for his or her Vermont home from the get-go. By doing so, this individual can improve his or her chances of stirring up interest in a Vermont residence as soon as it becomes available.
2. Conduct a Home Appraisal
What you paid for your Vermont home a few years is unlikely to match what your house is worth today. Lucky for you, a home appraisal will enable you to identify quick, easy ways to improve your house.
As part of a home appraisal, a home inspector will review your residence both inside and out. The home inspector will be able to offer home improvement recommendations, ensuring you can map out a plan to enhance your residence before you list it.
Find an experienced home inspector to conduct a home appraisal. This home inspector will teach you about your home's strengths and weaknesses so you can take the necessary steps to enhance your residence's interior and exterior.
3. Collaborate with a Real Estate Agent
The home selling process can be complex, particularly for those who are entering the Vermont real estate market for the first time. However, collaborating with a real estate agent ensures you can streamline the process of selling your house.
Your real estate agent is committed to helping you get the best results, regardless of the current state of the Vermont housing market. He or she will learn about you and your home and promote your residence to the right groups of homebuyers. Therefore, your real estate agent will make it easy for you to showcase your house to a wide range of interested homebuyers, boosting your chances of a quick home sale.
Perhaps best of all, your real estate agent will keep you up to date about the Vermont housing market. He or she will even provide honest, unbiased recommendations to help you make informed home selling decisions.
When it comes to selling your Vermont home, there is no need to stress. Take advantage of these home selling tips, and you should have no trouble generating plenty of interest in your Vermont residence.
Often in real estate, the saying goes that “a picture is worth a thousand words.” While pictures can help buyers to get more interested in a property, going a bit further in the listing description can help to get the property even more in-person views. If you work diligently with your real estate agent to create a great description of your home for sale. There’s a few simple tips to make sure that the listing description of your home will bring buyers knocking.
Think Of Your Audience
Remember that one of the most important things in writing anything is to write it for the audience that you’re trying to reach. Who will actually be reading your home’s listing? Besides potential buyers, other realtors and home search engines will be glancing at your listing. This means that you have to meet a few different purposes with one description. Your description should include:
- A clear, concise description of the home and its contents
- Important information surrounding the sale of the home including if it’s a short sale, foreclosure, etc.
The Limitations Of The MLS
The MLS is where homes are listed most often. It does not give a lot of room for creativity in listing descriptions. Keep in mind that you don’t want to repeat a lot of the same information throughout the description. For example, there’s no need to repeat that the home has 3 bedrooms and one bathroom multiple times. There is a property details section that lists all of these major factors about the property. It’s definitely to your benefit to include alluring features of the property that you think are unique and possibly hard to find. Describe something that you know other people will want to see.
Improved Homes Are Attractive Homes
If you have made upgrades to a home such as new appliances, new kitchen countertops, or a new roof, make sure that you include that in the listing description. Buyers love homeowners who have taken good care of their homes. People are much more likely to buy a home that they believe is move-in ready. It’s much more comforting to buyers.
It’s What You Say And How You Say It
There’s a lot more clout behind certain words than others when it comes to real estate. These words make buyers more likely to act and go see a listing in person. The words you use can vary including those that describe:
- The type of countertop
- The landscape of the home
- The condition of the home
- The materials used within the home
Certain marketing buzzwords don’t work when it comes to selling a home. These include anything that sounds too good to be true like a “quiet” neighborhood, or stating that the home is ready to move into. While these things can be true, it’s often best to let the listing description lead buyers to see the home, and discover these bonus points for themselves.