The Congressional Team's Blog
When you sell your home, there’s a cost associated with getting a return on your investment. Certain mistakes that many sellers make when deciding to sell their home can actually cost thousands of dollars in expenses. Before you decide to sell, read on to see what you can do to avoid unnecessary consequences.
Hire A Professional To Sell Your Home
Many people think that they can sell their home on their own. It’s the best practice to hire a professional to sell your home. Even in a seller’s market, a realtor can help you to get the best price on the sale of your home.
Remove Your Things Before The Sale Of The Home
Your clutter will undoubtedly affect the value of your home. People can’t see what their life would be like in your home if there’s too many things in the way. While one man’s trash sometimes is another man’s treasure, it certainly isn’t in the case of selling your home.
Don’t Leave An Empty House For The Showing
While too much clutter is bad, it does make a difference for the home to actually be lived in. If possible, don’t leave a completely empty home. Buyers need something to help them visualize what life will be like living in the home. Home searchers want to see how functional the home will be for them.
Don’t Neglect Repairs
You should take care of any repairs that need to be made before your home goes on the market. Any repairs that you don’t make will likely be discovered during the home inspection. Before you even list your home, make sure that you take care of any major issues that are around your home like a leaky roof or cracked tile. This will save you a major headache later, because you won’t need to scramble to fix things after the home inspection. Buyers will also be more impressed with the home if there’s little to fix.
Don’t Overprice Or Underprice Your Home
If you don’t properly price your home, it could lead to a few major issues. You may be left wondering if you could have made more money on your home. On the flip side, your home could sit on the market for a long time, leaving buyers wondering what could be wrong with your property as to why it’s not selling.
Be Sure To Stage The Home
People will purchase a home based on what they see and how they feel. If your on-the-market home doesn’t look polished, there will be less interest in it. You don’t need to go overboard and make your home look like something out of a magazine, just make sure it’s clean. Things like dirty laundry on the floor, trash laying around, and papers on the tables are big turn offs for buyers.
With a little planning, the sale of your home should be a smooth and profitable one.
When you’re buying a home, it’s important to offer a good price to be able to land the property of your dreams. You also don’t want to overpay for the house you’re buying. If you want to know for sure that you’re paying a good price for a home, you’re going to need to do some price comparisons. Take a look at recently sold homes in your neighborhood of choice and see what the going rate is. If all of the homes are similar in the area, it will be easy to find out how much the home you’re buying is worth. There are a few ways that you can do comparisons to make it easier for you to determine the right price for the home you want to buy.
Take A Look At The Neighborhood
There are certain features that attract nearly everyone to certain neighborhoods. From the safety and friendliness of an area to the schools that are nearby, to the stores, and public transportation access, people are attracted to what makes their lives easier and more enjoyable. The bottom line is the more desirable the neighborhood, the higher the price of the homes in it.
Check Out Public Records
With the Internet, it’s pretty easy to access public records these days. You can take a look at what properties have been bought and sold for in recent times int the area of the homes that you’re looking at. You can even take a peek at some historic information to help you see if the area is up-and-coming.
Is The Neighborhood Going To Become Trendy?
Sometimes, you can find a great property for less in a neighborhood that hasn’t quite reached it’s full potential yet. If there’s a slot of new construction going on, that’s a good sign that the neighborhood is moving on up! Especially attractive features in a neighborhood are new schools, new shopping centers, or new parks.
There Is A Tipping Point To Growth
If it seems that a neighborhood is growing a bit too much, it may actually decrease the value of your home. Huge commercial developments can actually be detrimental to the value of a property. Where there’s a lot of people, there’s also a lot of noise and traffic. That’s usually not a desirable factor in a neighborhood.
Meet In The Middle
When you’re looking at the price of properties, the best bet is to meet somewhere in the middle for what is reasonable. While you don’t want to buy the highest priced home in the neighborhood, you probably don’t want to lowest price for that neighborhood either. Working with a more average number is a good option because your home helps any home lower priced than yours, while any higher priced homes help to increase the value of your home. It’s a win-win situation when you choose a property based on price and keep this strategy in mind.
Like any house hunting wish list, certain items take precedence over others. A lot depends on your lifestyle, the age of your family members, and even your health. If, for example, you need to visit your doctor regularly or pick up prescriptions every other week, living a short distance from a pharmacy and medical offices will make your life a lot easier.
Since grocery shopping is something everyone does at least once a week, finding a home within ten to 15 minutes of a supermarket will save you time and gas money. Your real estate agent or listing agent should be able to give you a good rundown of nearby amenities -- but you'll be better able to evaluate those conveniences if you have a clear idea of what's important to you and your family.
- Transportation: Short commutes to work are high on most people's house-hunting "wish lists." City dwellers often need to be a short walk from bus stops, subway stations, and other modes of public transportation. Frequent travelers prefer a short drive to local airports, train stations, and major highways.
- School district: Whether your children walk to school or take a bus, proximity to schools can be a very desirable feature. That's especially true if they're running late in the morning or participating in after-school programs.
- Daycare: Working couples with babies and preschool children are often dependent on friends, relatives, or commercial daycare facilities to keep a watchful eye on their kids while they're at work. With busy schedules and hectic lifestyles, having a caregiver who's just a short distance away can make your daily routine much less stressful.
- Fitness and recreation: It's all-too-easy to ignore our need for regular exercise when the nearest public park, golf course, or tennis court is 45 minutes away. However, when your home is located just a stone's throw away from walking paths, biking trails, and fitness facilities, you'll have much more of a tendency to stay healthier and more active.
- Houses of Worship: While everyone is different when it comes to religion, proximity to the church, synagogue, or mosque of your choice can be a major convenience factor.
- Banking: Although more and more banking tasks can be done online, having access to a nearby ATM is sometimes a necessity!