Caroline Bianchi's Blog
Understanding how much your home is worth is important for a number of reasons. For one, when you go to sell your home, you’ll have an idea of how much equity that you’re working with. You may need to either refinance your home, take out a loan, or line of credit. Knowing the current market value of your home can give you a good idea of your finances and what to expect. Many people believe that their home is worth more than it actually is. In reality, your home is only worth what people will actually pay for the property in a certain time frame.
Some websites offer basic ideas of how much your home is worth. You can also use the Internet to search for comparable properties and see what has been sold, how much it has been sold for, and how much other homes that are similar to yours in the neighborhood are worth. You’ll need to be sure that the comparing properties include the same types of features as your own home in order to get a good estimate.
Consult A Realtor
Experienced realtors in your area are great resources for helping you to determine your property’s value. Many agencies offer free market value analyses, which can help you to see where your home would fall in the current real estate market. Realtors don’t get paid unless your home sells. They can use their many resources to work with you on the sale of your home and help you to price it appropriately.
Hire An Appraiser
If you want to dig a bit deeper in the pricing of your home, you’ll need to shell out a bit of cash. You could hire a certified appraiser who will dig deep into your property to determine the value. Once you find a buyer, another appraisal will happen on the property. The buyer pays for this. If you really want a good idea of how much your home is worth, hiring an appraiser beforehand is key. Keep in mind that appraisers may come up with slightly different estimates for the same home.
Know The Key Things That Affect Home Value
There are a few big factors that influence just how much your property is worth. While you may love your big kitchen, it goes a lot further than that. Factors that contribute to how much your property is worth include:
- The amount of land that you have
- The neighborhood your home is in
- The schools your home is near
- How many square feet your property is
- The condition of your home
- Any updates that have been made to the home
- The types of appliances you have
- Has the home ever been foreclosed on?
- Is your home energy efficient?
Based on all of this information, you’ll be able to get a good idea of what your home is worth. Beware of things that can cause a major financial setback on your home’s value like an urgent need for roof replacement, dated windows, or an unknown crack in the foundation. Getting an idea of what your home is worth is a great way to keep on top of your own assets whether you’re prepared to sell or just curious about numbers.
Adding your home to the real estate market may prove to be challenging, particularly for a property seller who fails to plan ahead. Lucky for you, we're here to eliminate the guesswork commonly associated with the home selling process.
Now, let's take a look at three tips to help you list your house and streamline the home selling journey.
1. Enhance Your House's Curb Appeal
How your home looks to prospective buyers can make a world of difference during the home selling journey. If you house fails to impress buyers right away, it may take many days, weeks or months for your house to sell. Conversely, if your home instantly dazzles buyers, you could boost the likelihood of a fast, profitable house sale.
Ultimately, you should allocate time and resources to bolster your house's curb appeal before you list your residence. Mow the lawn, trim the hedges and perform assorted home exterior maintenance and upgrades. And if you need assistance with home exterior projects, you can always reach out to local home improvement professionals for additional help.
2. Eliminate Clutter
Although you may have collected a massive assortment of antiques, decorations and knick-knacks over the years, these items may do more harm than good when you decide to sell your house. In fact, myriad personal belongings scattered throughout your house could make it difficult for homebuyers to envision what life may be like if they purchase your residence.
Prior to listing your house, you should remove as much clutter as possible. You don't necessarily need to dispose of excess items, but it may be a good idea to rent a storage unit so you can store these items until your residence sells. On the other hand, if you no longer need certain belongings, you can sell these items at a yard sale or online or donate them to a local charity.
3. Hire an Expert Real Estate Agent
If you are unsure about how to proceed along the home selling journey, you may want to hire an expert real estate agent. That way, you can receive plenty of support as you navigate the home selling journey.
A real estate agent understands what it takes to list a house in a buyer's or seller's market. He or she will learn about you and your home and develop a plan to ensure you can maximize the value of your residence. And if you ever have concerns or questions about the home selling cycle, a real estate agent can respond to them.
Let's not forget about the assistance that a real estate agent will provide after you accept an offer to purchase your house, either. A real estate agent will guide you through the home closing process. By doing so, he or she will help you avoid stress as you finalize your home sale.
Prepare to list your house – use the aforementioned tips, and you can add your home to the real estate market and move one step closer to selling your residence.
If you’d like to increase the value of your home by a slight amount before you even think of putting it on the market, you may be hesitant to make any kind of an investment. There are numerous upgrades that you can make to your home for under one thousand dollars. In the long run, these upgrades could help to save you some serious money.
Put In A Programmable Thermostat
The majority of energy usage in your home is consumed by your heating and cooling systems. Using a programmable thermostat can help to keep the temperature inside your home stable throughout the day. Your heating and cooling system won’t need to continually start and restart to create a stable temperature in the home. This could be a great assistance in long-term energy and utility bill savings.
Get A New Toilet
If you want to impress buyers, put a new stylish looking toilet in your home. Upgrading your toilet can also bring your energy costs down. It will use less water with each flush and save you on your water bill.
Re-tile The Bathroom
Tiling a room yourself can be fairly inexpensive. It can also help you to breathe new life into the bathroom. Your tub will look brand new. Buyers will leave thinking that you have done an entire remodel of the bathroom. All you really need to do is replace some tile and grout. It’s a DIY project that can truly pay off with big dividends.
Re-tile Your Floors
Just like the bathroom, putting in a new kitchen tile or floor can really bring back some life into the room. Tile helps to rejuvenate the space by getting rid of dirty, tired flooring and backsplashes.
If you need professional installation for any of these projects, you can splurge on it a bit. It does take some know how to understand the proper installation floor and backsplash tiles. Replacing the floors and tiles gives your home a new, clean look that will be an attractive upgrade to your home.
Put Up New Window Fixtures
Replacing your blinds can really add something to each room of the house. Blinds can collect a lot of dust and dirt over time. While you may wash and clean them, sometimes, the dirt gets to a point where it’s completely stuck on. If you want to really make your buyers “wow,” try wood blinds. Most home improvement stores have a wide array of options for window blinds that allow you to customize both the size and style of your blinds.
Any upgrades that you can make to your home are an improvement for you while you’re living in it. These changes also allow you to get a bit more of a return on your property once you’re ready to sell.
The decision to sell a home can have long-lasting ramifications. As such, it is important to weigh the pros and cons of listing a house. This will allow you to determine if now is a good time to add your residence to the housing market.
Furthermore, there are many factors to consider as you decide whether to list your residence, and these include:
1. Your Short- and Long-Term Plans
Think about what you hope to accomplish in the immediate future. If you have the flexibility to relocate from one location to another, now may prove to be a good time to list your residence.
Consider your long-term plans, too. If you find that you want to reside elsewhere sooner rather than later, you may want to consider adding your house to the real estate market in the near future.
2. Your Finances
Oftentimes, it helps to examine your current mortgage payments, as well as any other daily and monthly expenses. If you have a budget in place, you can determine if you are in a strong position to sell your home and move.
You also should consider the current state of your home – something that can have a major impact on whether you can turn a profit from a house sale. Of course, if you decide you want to list your residence, you can always upgrade your home. And by doing so, you could boost the likelihood of enjoying a profitable home selling experience.
3. Your Family and Friends
If you want to live closer to family and friends who reside many miles away from your current house, you can list your residence and plan to relocate. Then, you can pursue a new residence that provides convenient access to your family and friends.
Embarking on the home selling journey is rarely simple. But if you have a real estate agent at your side, you can receive comprehensive support as you navigate the house selling journey.
A real estate agent is happy to meet with you and learn about your residence. This housing market professional also can provide tips and recommendations so you can upgrade your residence before you list it. Plus, when you are ready to add your home to the local housing market, a real estate agent will promote your residence to potential buyers. And if you receive an offer to purchase your residence, a real estate agent can even help you make an informed decision about whether to accept, reject or counter this proposal.
If you hire a real estate agent, you can receive lots of assistance as you finalize a home sale as well. The final stages of the home selling journey sometimes can be difficult to navigate, but a real estate agent will work with you to ensure you can complete a successful home sale.
For those who are uncertain about whether to add a home to the real estate market, it generally helps to consider the aforementioned factors. If you examine these factors closely, you may be better equipped than ever before to decide whether to list your house.
Selling a house may prove to be a long, complex and stressful process. Fortunately, there are lots of things you can do to increase your chances of enjoying a seamless house selling experience, such as:
1. Craft an Engaging Home Listing
A home listing allows you to make a positive first impression on prospective buyers. Thus, you should spend some time crafting a house listing that will hit the mark with buyers.
There is no need to stretch the truth in your home listing. Instead, provide clear, concise and relevant details about your home. This ensures a buyer can make an informed decision about whether to pursue your residence.
Also, it often helps to include high-resolution photographs of your home in your listing. These images can help a buyer envision what life may be like if he or she purchases your house.
2. Upgrade Your Home's Interior and Exterior
If your home is filled with assorted knick-knacks, antiques, and photographs, you should remove these items for the time being. By doing so, you can minimize the risk that clutter will negatively affect a buyer's perception of your house when he or she sees it in person.
Don't forget to enhance your home's curb appeal, too. If you mow the lawn, trim the hedges and perform other lawn care tasks, you will help buyers fall in love with your house. Also, be sure to repair any damaged windows or siding to further boost your house's curb appeal.
3. Establish a Competitive Initial Asking Price for Your Home
The housing market is competitive, and failing to price your home aggressively from the get-go may make it tough to enjoy a seamless property selling experience. If you learn about your home and the local housing sector, you can establish a competitive initial asking price for your listing.
Oftentimes, it helps to conduct a home appraisal. This allows you to receive a home valuation from a property expert.
You also may want to assess the local housing sector. Review the prices of available homes in your area that are similar to your residence. Then, you can use this housing market data to help you determine the optimal initial asking price for your home.
For sellers who want to streamline the home selling journey, you will want to employ a real estate agent. If you have a real estate agent at your side, you can receive comprehensive assistance at each stage of the process.
A real estate agent is committed to your success, and he or she will work with you to help you achieve the best possible results. This housing market professional will learn about your home selling goals and help you plan accordingly. In addition, a real estate agent is happy to respond to your home selling concerns and questions at any time.
Want to enjoy a seamless home selling journey? Use these tips, and you could reap the benefits of a fast, profitable house selling experience.