Simple tips for selling a house

Simple tips for selling a house

People will often ask our team members if we have any tips for selling a house. The answer is always yes, because we have a tremendous amount of experience and we know what helps sell a house, and what doesn’t.

Recently, we came across a comprehensive list of tips for selling a house compiled by our associates at Keeping Current Matters. Take a look:

Tips for Selling a House

More tips for selling a house

  • When listing your house for sale, your top goal will be to get the home sold for the best price possible!
  • There are many small projects that you can do to ensure this happens!
  • Your real estate agent will have a list of specific suggestions for getting your house ready for market and is a great resource for finding local contractors who can help!

If you need additional assistance when buying or selling a home, please remember that The Olear Team is just a phone call or email away — and we’re always willing to help!

How to sell your home with a Realtor

While the internet has had a huge impact on the real estate industry, it hasn’t diminished the importance of having a Realtor at your side throughout your real estate transaction. In fact, approximately 93 percent of home sales are still conducted with the assistance of a Realtor. With that in mind, we thought we’d give you a little lesson on how to sell your home with a Realtor.

The benefit of working with a Realtor

  • An experienced Realtor knows the process because he or she has been through it dozens, if not hundreds of times.
  • A Realtor works on your behalf, saving you both time and energy.
  • Realtors can help set a fair market price, and should possess top-notch negotiating skills to help you get the best deal.
  • Your Realtor should also have a keen understanding of your market and your neighborhood.
  • An experienced Realtor should have good contacts throughout the industry, from real estate attorneys to staging companies and estate liquidators.

Realtors work on a commission basis and take on a tremendous amount of responsibility working on your behalf. That being said, be sure to select a Realtor that you are truly comfortable working with. In the end, you want a professional, mutually beneficial relationship.

How do you find this individual? A good place to start is with family and friends who have bought or sold property in the past. How was their experience? Does their Realtor know your community? Has he or she successfully sold multiple properties and hold frequent open house events?

When you’ve found a Realtor with potential, ask a lot of questions. 

  • What type of services do you offer?
  • How do you typically market a property?
  • Have you sold homes in my neighborhood?
  • How do you determine the sales price?
  • How long are your homes typically on the market?
  • What is your fee or commission?
The question how to sell your home with a Realtor can be successfully answered by doing your research, asking the right questions, getting straight answers and embarking on a relationship built on trust! If you have questions or we can help you with any of your real estate needs, contact the Olear Team at 716-880-4442 or info@olear.com

Five reasons to sell your home this spring

Looking for a reason to sell your home this spring? No problem! In fact, we’ll give you five reasons to sell your home this spring. 

1. Demand Is Strong
The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase … and are in the market right now! More often than not, multiple buyers are competing with each other to buy a home. Take advantage of the buyer activity currently in the market!

2. There Is Less Competition Now
Housing inventory is still under the six-month supply that is needed for a normal housing market. This means, in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices. However, additional inventory could be coming to the market soon.

There is a pent-up desire for many homeowners to move, as they were unable to sell over the last few years because of a negative equity situation. Homeowners are now seeing a return to positive equity as real estate values have increased over the last two years. Many of these homes will be coming to the market this spring.

Also, builder’s confidence in the market has hit its highest mark in over 11 years. Experts are predicting that new construction of single-family homes will ramp up this spring.

The choices buyers have will continue to increase. Don’t wait until all this other inventory of homes comes to market before you sell.

3. The Process Will Be Quicker
Fannie Mae anticipates an acceleration in home sales that will surpass 2007’s pace. As the market continues to strengthen, banks will be inundated with loan inquiries causing closing-time lines to lengthen. Selling now will make the process quicker and simpler.

4. There Will Never Be a Better Time to Move Up
If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by 4.7 percent over the next year, according to CoreLogic. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait.

You can also lock in your 30-year housing expense with an interest rate around 4 percent right now. Rates are projected to increase in the next 12 months. 

5. It’s Time to Move On with Your Life
Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should? 

Only you know the answers to the questions above. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire. That is what is truly important!
Staging tips for home sellers

Staging tips for home sellers

A recent article on the Houselogic website identified seven tips for staging a home that will boost your home’s value and speed up the sale process. We thought we’d share them with you today in a condensed format.

Clean the slate. Before you worry about where to place furniture and accessories, do a thorough cleaning and make sure all the rooms look spotless!

Clear out clutter. Pack up your personal decorations such as photos and collectibles. However, leave accent pieces on important visual points such as mantles and coffee tables.

Fewer furnishings. Remove one or two pieces of furniture from each room so that rooms appear larger.

Go with the flow. Showcase the flow of rooms by arranging the furniture to guide potential buyers from one room to another.

Add a pop of color. While neutral colors are always recommended when selling, a vibrant throw or accent pillows will brighten any room. Also, add high-wattage bulbs in darker areas of the home.

Set a scene. Thoughtful touches will make a house feel homey. Add logs to the fireplace, set the dining room table, place fancy soaps in the bathroom, etc.

Make a grand entrance. The first impression is the most important. Mow the lawn, trim hedges, and add a new doormat or seasonal wreath to make all visitors feel welcome!

Two tips to ensure you get the most money when selling your house

Two tips to ensure you get the most money when selling your house

 

Every homeowner wants to make sure they get the best price when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible.

1. Price it a LITTLE LOW 

This may seem counterintuitive. However, let’s look at this concept for a moment. Many homeowners think that pricing their home a little OVER market value will leave them room for negotiation. In actuality, this just dramatically lessens the demand for your house (see chart below).

Instead of the seller trying to “win” the negotiation with one buyer, they should price it so that demand for the home is maximized. By doing this, the seller will not be fighting with a buyer over the price, but will instead have multiple buyers fighting with each other over the house.

Realtor.com, gives this advice:

“Aim to price your property at or just slightly below the going rate. Today’s buyers are highly informed, so if they sense they’re getting a deal, they’re likely to bid up a property that’s slightly underpriced, especially in areas with low inventory.”

2. Use a Real Estate Professional

This too may seem counterintuitive. The seller may think they would net more money if they didn’t have to pay a real estate commission. With that being said, studies have shown that homes typically sell for more money when handled by a real estate professional.

Research posted by the National Association of Realtors revealed that:

“The median selling price for all FSBO homes was $185,000 last year. When the buyer knew the seller in FSBO sales, the number sinks to the median selling price of $163,800. However, homes that were sold with the assistance of an agent had a median selling price of $245,000 – nearly $60,000 more for the typical home sale.”

Bottom Line

Price your house at or slightly below the current market value and hire a professional. That will guarantee you maximize the price you get for your house.

Tips for preparing your house for sale [INFOGRAPHIC]

Tips for preparing your house for sale [INFOGRAPHIC]

Highlights:

  • When listing your house for sale your top goal will be to get the home sold for the best price possible!
  • There are many small projects that you can do to ensure this happens!
  • Your real estate agent will have a list of specific suggestions for getting your house ready for market and is a great resource for finding local contractors who can help!