Articles Tagged "For Sellers"

When selling a home, it's common for homeowners to struggle with what price to list their property. The uncertainty behind home pricing leads to a variety of bad home pricing tips that can actually cause you to get less money for your home. Our real estate agents suggest avoiding these bad pricing guidelines when it's time to sell your home.

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While there are a lot of steps involved in selling a house, the home appraisal is one task that can feel overwhelming or even a little frightening. During a home appraisal, your home is thoroughly examined to determine its value.

If a home's value falls short, it can cause your sale to fall through or reduce the amount of money that you receive for your home. Our real estate agents suggest following these pointers to make sure your home is ready for its appraisal.

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When selling your home, a real estate agent is a valuable resource to help you prepare your house, market your home to potential buyers, negotiate any offers you receive, and look for your next property. Our real estate agents suggest asking potential agents these questions to confirm that they're a good fit for your needs.

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You've found a potential buyer for your home, and it's time for one of the most important components of the home selling process: the home appraisal.

The home appraisal can bring your home sale to a screeching halt if your house appraises for a value that's lower than anticipated. Our real estate agents suggest following these steps to make sure your home is ready for the appraisal.

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When looking for the house of their dreams, what do home buyers care more about than location? Price. No matter how perfect the house is, it won't nab buyers if the price isn't within their budget. Miss the bar by a thousand dollars, and your home could go unsold for an extended period of time.

If you're hoping to add your home to the list of Lewisburg homes for sale, having an accurate grasp of your home's estimated market value is essential for pricing it right and making it appealing to the target pool of buyers. Our real estate agents can help you cut through the haze and find that magic number. Here are considerations when valuing a home:

• Comparative Market Analysis
  Comparative market analysis involves comparing your home to other properties similar to yours in size, location, and condition. These properties fall into three categories: recently purchased, currently for sale, and those which failed to sell while listed.
  
  Houses that sold show what buyers are willing to settle for. This is the price range you should pay the most attention to because it has resulted in a successful sale. Conversely, houses for sale show the amount sellers are hoping to get. It also determines the level of competition in the market. Houses that failed to sell reveal a price ceiling.
  
  
• Market Conditions
  The listing price also depends on supply and demand. If there are a lot of buyers clamoring for homes, it's a seller's market. Conversely, if there are many homes on the market but buyers are nowhere to be found, it's a buyer's market. Properties will likely be overpriced in a seller's market and underpriced in a buyer's market. Also, your real estate agent will consider how long homes are sitting on the market before they get sold, the impact of mortgage interest rates, as well as the state of the economy and job market.
  
  
• Home Size and Usable Space
  A home's size has a major influence on its value with many buyers looking specifically at price per square footage. The price tends to be higher for bigger houses. Besides square feet, a home's usable space will also determine its value. What matters most is livable space, including the number and size of bedrooms and bathrooms. You'll also have to consider the home's layout. Typically, traditional layouts appeal to more buyers and carry more value than obscure layouts.
  
  
• Age and Condition
  Generally, newer homes appraise at a higher value because they require less maintenance. The fact that major systems of the house are newer and less likely to break down can be appealing to many buyers. Besides age, many buyers will pay top-dollar for a well-maintained, move-in ready home. They want to avoid any major expenses following the sale. So, your older home may sell for just as much as a new home if it's recently been renovated. Big scale improvements such as rewiring, new roof, new siding, finished basement, new kitchen, or an extension can increase your home's market value.
  
  
• Location
  When your real estate agent determines your home's value based on its location, they're looking at employment opportunities, quality of local schools, and proximity to entertainment, shopping, and recreational centers. For instance, homes near cities or shopping locations tend to be worth more than ones far away from everything. Your home's overall value also can be impacted by proximity to utility lines, highways, and public transit.

Whether you're selling or looking for Danville homes for sale, Century 21 Mertz & Associates can help. Our real estate agents have extensive experience with property valuation and appraisal in the local area. Contact us today.

The holiday season may not seem like the most ideal time to sell a home. After all, many people hunker down in place during the winter months, are too occupied with the holidays to think about preparing their homes for sale, or want to avoid the hassle of moving during the cold season. And with the coronavirus pandemic still affecting many aspects of our lives, this holiday season is going to be a strange one. If you had planned to sell your home by the end of 2020, you might be tempted to put those plans on hold until next year. However, our real estate agents have closely examined the current housing market conditions and believe home sales may be up this holiday season compared to years past.

• Demand is Strong
  When states started shutting down in March, home buying and selling went dormant for a while. But since lockdown restrictions were loosened up, buyers made a strong comeback to the housing market. In fact, the summer saw record-breaking home sales when compared to last year. Traditionally, there are few real estate transactions in fall and winter than in the spring and summer. But this year looks solidly up, and the number of home sales during the holidays is expected to stay high compared with other years.

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