How Much Is My Home Worth? [The Ultimate Guide]

How Much Is My Home Worth? [The Ultimate Guide]

You’ve worked really hard to turn your house into your home, and chances are it’s your most valuable asset. But how do you determine its actual value?

Checking your home’s value isn’t as easy as quickly checking a random stock price, right? It takes a little bit more time, knowledge, and finesse.

Your home makes up a large chunk of your net worth, not to mention it’s a really big deal. You know, I’ve heard that half of Americans actually cry when selling their home, and those may be tears of joy, tears of sadness, or, frankly, tears of stress. You know, I get it because your home is probably one of the most valuable things that you own.

Today we’ll dive into the different types of home value, the different factors that affects your home’s value, and different market conditions you want to pay attention to as well. We’ll also discuss the online home value estimators and much, much more. Our goal is to lay out a roadmap for you to help you determine your home’s value!

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1. Types of Home Values 

First off, there’s a few different types of values that we can look at. You have the fair market value, you have the appraised value of your property, and the as is value, or the value an investor would give you for your property.

 

Fair Market Value 

Fair market value is what your home would sell for on the open market, giving every buyer a potential to bid on your home. So you can find the buyer willing to pay you the most amount of money.

But in layman’s terms, the fair market value is what the buyer and seller agree the home is worth and agree to sell the home for. This would be done by having a professional Realtor perform a comparative market analysis and an absorption rate. Statistical analysis is the best way to really determine your fair market value for your home.

How Much Is My Home Worth? [The Ultimate Guide]

Your Home Apprasial

 Your appraised value is how much your mortgage lender determines your home’s value to be at. They come to this value by hiring a licensed appraiser appraise your home. The appraiser will actually take a look at your home, take into account the square feet, bedrooms, bathrooms, the location, the updates you have compared to other properties in the area. They put this in an analysis and put it in an appraisal report to help lenders determine your home’s value.

You’ll usually run into this scenario if you’re selling your home on the open market and the buyer that’s buying your home is planning to finance the property. The lender wants an appraiser to give their opinion on the value to make sure they’re not lending $1,000,000 on a home that’s worth $200,000. You will also find this when you are refinancing the property. A lot of the times, the lender will hire an appraiser to go appraise the value and to get a true estimate of your home’s equity.  

How Much Is My Home Worth? [The Ultimate Guide]

As-is Value | Investor’s cash offer

If you’re considering selling to an investor, your home usually needs some work, and the homeowner doesn’t want to do the work. Your home may not be quite move and ready now, so you just want to sell it and be done with the property.

A lot of times, you’re not going to get the most amount of money for the home, but you may be able to avoid some costly repairs that you may need to do to get that fair market value. Investors usually pay anywhere between 60-80% of fair market value for the home.  Are you interested in learning more about the different types of investors? Click Here to view the blog where we dive deep in the different types of cash offers. 

How Much Is My Home Worth? [The Ultimate Guide]

2. How to Determine Your Homes Value

So now that we know the three different types of home values, we’ll go through the steps that you need to take so you know your home’s value. Step number one, you want to make sure you learn the facts about your home in particular, and also the facts about your local housing market.

1. Learn the facts about your home

Believe it or not, your home’s value is not based on what you purchased it for or how great you think your home is. In a nutshell, your home’s value is basically what buyers are willing to pay you for it. So it may be worth a lot more than what you paid for it, or it may be worth a little bit less.

It really comes down to the condition of your home, the features of your home, and the overall market conditions. Here are some of the main factors you’ll want to consider when you’re really trying to determine your home’s value.

          • Location: One of the biggest factors is location, right? Location, location, location. We all know it. Everybody says it. So, is your home located in a good part of town? Is it close to a lot of shops, restaurants, dining? Can you walk to certain places from your home? Is there a certain aspect of your location that adds value or makes your home less desirable? Is your home waterfront? Does it have a golf course view? Are you on a busy road? A lot of these questions will affect your homes value. 
          • Curb Appeal: Does your home really have that wow factor? When buyers pull up, will they be instantly impressed with your home? 
          • Size: You want to pay attention to your homes square feet. How many bedrooms & bathrooms do you have? How big is it compared to some of the other recent sales in the area? 
          • Layout: Do you have an open concept? Is your home a little more congested and closed off? 
          • Stories: How many stories does your home have? The most expensive thing on any home is the roof and the foundation, so it’s cheaper to build up than it is to build out. What this means is when you’re comparing your home to other homes, pay attention to the amount of stories the home has. If your home is a two story home and has 2,500 square feet and you compare your home to a one story home with 2,500 square feet, it could lead to an incorrect valuation. The one story home is much more expensive to build than your two story home is. 
          • Updates/Renovations:  Buyer’s preferences always change, does your home possess the most modern and desired updates? Do you have granite countertops, quartz countertops? Do you have nice hardwood floors throughout? Is your home freshly painted? Does your home possess a more modern color palette?
A lot of things like that will really play into your home’s value and there is frankly a ton of different factors that go into your home’s actual value and buyers weigh them all differently. It’s a little more of an art than a science. Are you interested in learning more about the updates that will maximize your homes value? Click here to learn the 5 updates you can do to MAXIMIZE your homes value.

2.  Learn The Factors Affecting Your LOCAL Housing Market 

Let’s delve into the core elements of the Charlotte housing market that influence your home’s value. While some of these factors are beyond your control, being aware of them can help you make informed decisions.

          • Mortgage Rates: Now a mortgage is a huge financial decision and a higher rate means higher monthly payments. Buyers don’t buy for price point, they buy for payment. So if you see higher mortgage rates, that could actually discourage a lot of buyers from purchasing properties.
          • Seasonal Trends: You also want to consider the time of year. There’s definitely a lot of seasonal trends at play. When you look at the real estate market, statistically, most homes go under contract March, April and May. So you’re going to see a lot more activity then. Now if you get towards the end of the year when school is already in session, maybe November, December, you’re going to see fewer buyers in the market at that time. So that’s something you want to make sure you consider.
          • Supply vs Demand: If you’re looking on the market and you see that there’s a lot of homes currently sitting on the market, that means you got a lot of competition. This could make it harder for you to sell your home.  Now, if you don’t see many homes for sale and the homes on the market are selling quickly, that probably means there’s a lot of buyers and there’s not much to choose from. This has pretty much been the market that we’ve been in for the past few years. If this is the case, you can be more competitive with your price and really push the envelope to get top dollar. A really good way to judge supply versus demand in your market is really take a look at that absorption rate statistical analysis that judges the amount of months inventory currently in your area.

Selling A House Shouldn’t be Stressful

There is a pro-active way to sell your home that gets results

3.  Look at Similar Homes that Have Recently Sold

When determining your homes value, you want to take a look at some of the recent homes that have sold either in your neighborhood or right in your area.  Please note, location is key. There can be BIG differences from neighborhood to neighborhood. The farther away you get from your home, the worse that comparable property is.

When you take a look at the homes that have recently sold, it gives you a good idea about what buyers have proven they’re willing to pay for homes in the past. You can compare those homes to your house to help you determine how you compare to them. 

I know there’s a lot of things to take into account when you’re trying to determine your home’s value, but a quick online search going to some of the national websites out there can help you find some recent solds near you.

Reaching out to a trusted Realtor is a great way to streamline the process and really help you determine your home’s value. Realtors have access to much better data sets and can help find and determine the best comparable properties, to ensure that you can get top dollar for your home.  

Mortgage rates

3.  Home Value Estimator 

Another great place to start is to get a free online home value estimate or get an AVM, which means Automated Value Model. If you put your address in Google, a lot of different websites will pop up such as Zillow and Redfin.

You can go on those websites and it’ll give you a lot of facts about your home like the square feet, beds, baths, what you bought it for, and what the previous owner bought it for. All that data is public record. It’ll also give you a rough estimate of your home’s value. Now, a lot of times that value is pretty inaccurate. If you have any questions about the Zillow’s estimate and how accurate it actually is, we shot a video diving deep into that very question. Feel free to check it out below:

There are a lot of AVMs out there and not all of them are created equal. So there are some that are a lot more accurate than others. So if you do want to make sure you follow your home’s value like a pro, we actually have a very accurate AVM model that we offer to all of our clients, friends and neighbors. You can sign up below: 

Our tool is completely free. It’s just a service to help you stay up to date on your home’s value. It gives you monthly reports, and it’s actually powered by CoreLogic, so you know it has the most up to date information available. It pulls tons of different data and resources like market conditions and recent sales in your area to give you an automated value so you can track it month to month.

Our system can also keep you up to date on your home’s equity position based on the estimated price. It’s a great way to really stay in touch with how much money you’re sitting on your home and also track your net worth.

There’s a lot that you can actually do to utilize your equity to build wealth. And if you have any questions or want to know more about that, I shot a video diving deep into that with my buddy and lender, Adam Kelly. Feel Free to check that video out below: 

Those are things that will help you determine how you fit in the market. This is all really great data and information that you can give to your Realtor. When you meet with your Realtor you will discuss your home selling goals and what’s the optimal price that you want to put your home on the market for.

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4. Reach Out to a Professional Realtor

The most accurate way to determine your home’s value is to reach out to a professional Realtor you trust in your local market. Realtors have access to better databases, and can look at your home’s nitty gritty details and compare to the most accurate recent sales and current listings and frankly, no algorithm can do that.

A good Realtor will personally come out and take a look at your home. They will take into account the landscaping, the condition of your home, the layout, and the upgrades that you have spent time and money putting into your property as well.

They’ll also take a look at the local market conditions to really help you determine the best price range so you can maximize your profit. One thing you definitely do not want to do is you don’t want to overprice your home. You definitely don’t want to underprice your home either. There’s definitely a sweet spot that’ll help you maximize your value without putting you in a bad position to lose money.

The true value of your home is not based on a formula. It’s based on what a buyer is willing to pay for your home. There’s a lot of factors to consider when you’re trying to determine the best price point, and these four steps will be your roadmap and your guide to help you find the optimal price point to make sure your home sells as quickly as possible for as much money as possible, while making the process easy as well.

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10 Steps On How To Prepare Your Home For Sale in Charlotte North Carolina

10 Steps On How To Prepare Your Home For Sale in Charlotte North Carolina

The real estate market is shifting. As we move into 2023, it is more important than ever to have the right preparation and roadmap before listing your home. 

Are you wondering how to prepare your home for sale? Selling your home in the Greater Charlotte NC area, or the Carolinas, or practically anywhere in the U.S can seem like a pretty daunting challenge. There is a big difference in selling your home & selling your home for top dollar. Knowing how to prepare your house for sale starts with understanding what buyers are looking for. If your home isn’t in pristine condition, potential buyers will pass you by.

Join Josh Finigan as we discuss the 10 steps to prepare your home to sell for top dollar! When you want to move, there’s nothing worse than sitting on the market for months with showing after showing. From selling quickly to an investor, to painting and landscaping, this guide has everything you need to know about how to sell your house.

Sale Your Home

Here are the 10 steps to preparing your home for sale: 

1. Detach from your home

2. Create a strong game plan

3. Hide your valuables

4. De-Clutter

5. De-Personalize

6. Deep clean

7. Staging your home

8. Identify possible repairs and upgrades

9. Your home’s curb appeal

10. Gather the necessary paperwork

Please note, the advice given below is very generic. Some of these will apply to you, while others may not.  When we meet with our clients, we consider your personal situation & goals. How to best prepare for your home will largley depend on your individual goals, timeline, and aspirations.

When we meet with our clients we work to create an individualized game plan that is specifically tailored to help achieve their goals. We walk through their property with a fine tooth comb & evaluate potential repairs, updates, & the curb appeal to create the best solution to achieve top dollar in the shortest amount of time! 

If you are interested in getting a full evaluation on your property, feel free to click the “Get Started” link below.  We will be more than happy to give you a complimentary evaluation of your home! 

Selling A House Shouldn’t be Stressful

There is a pro-active way to sell your home that gets results

Detach From Your Home

1. Detach from your home

I know letting go of your home can be difficult.  you have been in your home for (possibly) years.  You have created priceless memories over the years in your home.  Everywhere you turn reminds you of the loved ones you hold dearest.

The next buyer won’t share those same memories and connections.  To potential buyers, your home’s just a house that their hoping to turn into a home. Understand these buyers may dislike some things you love about the home and may love somethings you dont like so much.  

Sever your emotional attachment to the house by realizing that the home is about the occupants who live there, not just the space or building.  Your next house will feel like home before you know it.  Once you move into your next home you will be personalizing your space and creating new memories!

So to maximize your profit, focus on top dollar and look to the future, where you can make new memories in your next home! 

 

Selling A House Shouldn’t be Stressful

There is a pro-active way to sell your home that gets results

Prepare your home for sale Create a strong gameplan

 2. Create a strong game plan

Its always a good idea to spend some time to really understand your goals and fully comprehend what you are looking to accomplish.  Then you can create an outline or gameplan that will lead to your success! We all know the saying: “Don’t put the cart in front of the horse.”

There are many variables that need to be addressed before selling your home:

1. Do you NEED/want to sell your home before purchasing another one?  Many people NEED to sell their home before purchasing another. If this is the case, creating a strong gameplan with your Realtor up-front can help make things run very smooth.

2. If you sell your home, will you need temporary housing?  Temporary housing can be hard to come by, so having a few ideas of where you would stay, if you sold your home, will put you ahead of the game ! Also, what would you do with your furniture during your transition from home to home. 

3. In an ideal world, what timeline works best for you? Once you accept an offer, the average contract to close is between 30-45 days.  If you get an offer, is that enough time for you to move out of your home? The last thing you need is getting that perfect offer and not being able to accept it because you don’t know when you are able to move. 

Note: Unless otherwise negotiated, it is expected that you will be completely moved out before the buyer signs on the day of closing, making a plan for this upfront will make things much easier. That closing date can quickly approach.

4. How do you plan on handling showings? For the optimal showing experience, buyers expect the home to be occupant free. Yes, that means the four legged friends & the kids. This could also pose added stress for those who work from home.  Creating a strong game plan up front on how to work around the pets, kids, and work schedule will set you up for success!

Showability is extremely important. After all, the show-ability of a home directly impacts the salability and how much your home sells for. Creating a game plan up-front is vital in seeing your home for top dollar!

5. How will you choose the RIGHT realtor? Having the right Realtor/consultant can be a huge a difference in your bottom line. If you choose the wrong agent, you could be leaving tens of thousands of $$$ on the table. The average real estate agent sells 2-3 homes a year and 80% of agents quit within the first 2 years in the industry. You want to make sure your agent:

1. Knows the area. 

2. Has a proven track record of success and can offer creative solution to potential obstacles

3. Has a proven and aggressive marketing plan that can maximize your home’s exposure. 

We recommend interviewing at least 3 different real estate agents. If you interview at least 3 different agents, then you can be confident you chose the right agent to help you sell your home! If you are considering selling your home, watch: 10 Questions You Must Ask Your Realtor Before Hiring Them. 

Prepare your home for sale

3. Hide your valuables

Focus on hiding any valuable or sensitive items like jewelry, guns, bills and pills. You want to make sure that a licensed agent accompanies all potential showings, this is extremely important, as they are responsible for the buyer.  For our clients, we ensure an agent is present during every showing to minimize the risk.  However, things happen and its always better to be safe and prepared. 

4. De-Clutter

The reality is, you are. going to have to pack up and move out once your home is sold, so you might as well start now! The more you de-clutter the more inviting + open the home is. People tend to collect an amazing quantity of items over the years. Reasons for keeping items include an emotional attachment, an intention to reuse or fix the items in the future, or a wish to pass them on to others. However, for many items, if you haven’t used them in over a year, you probably don’t need them.

Go through closets and donate or throw away items you no longer need. Pack things in boxes and store them in the garage until you move. Buyers know you’re living in the home, so there is no shame in having a packed garage 

Decluttering also includes furniture. The scale of your pieces should match the size of the room, and buyers should be able to easily walk around spaces without bumping into furniture. Make sure furnishings don’t block doors, windows or architectural features. In a small living room, for example, consider removing end tables or accent chairs. Such moves aren’t convenient, but remember, they’re temporary.

You may want to survey renting a storage unit while you sell your home. Keeping your belongings offsite is a great way to maximize the space in your home. Storage units can range in price from $30 to $300 per month, depending on size, location and features like climate control and security, according to MovingTips.

How to prepare your home to sell

5. De-Personalize

In addition to cleaning and decluttering, you should consider depersonalizing your home. The goal when selling is to have a buyer fall in love with your house, picturing themselves living there and imaging their belongings inside. That can be difficult if your home has your personal stamp all over it.

Taking down personal photos and decor can be sad, but if you’re living in your home while selling it, you don’t want prospective buyers to feel they are trespassing when they tour your home.  You want them to envision making their own memories and not staring at all of your’s. Remove items like:

1. Family photos

2. Souvenirs 

3. Religious symbols

4. Diplomas and certificates

5. Hobby supplies

6. Collections 

7. Political Symbols

8. Remove items hanging on fridge

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Prepare your home for sale<br />

6. Deep Clean

Something that really turns a buyer off is walking into a home with a stench or seeing dirt/grime build-up on the baseboards or countertops.  A clean home is 1 less barrier for a buyer to overcome as they consider making an offer. 

Remember to take special care with the bathroom, making sure the tile, counters, shower, and floors shine. This may mean hiring a professional cleaner or getting “down and dirty” yourself to make sure your home is in the best showing condition! When cleaning your home, you may want to consider:  

1. Cleaning Carpets

2. Cleaning Windows

3. Cleaning walls + Baseboards

4. Polishing chrome faucets & mirrors

5. Dusting furniture & fans! 

6. Vacuuming and/or waxing floors

7. Hanging up fresh towels

8. Keeping the toilet lid shut 

 If you have any particular questions about where to focus when it comes to cleaning your home, make sure to ask your Realtor.  They will be able to guide you on the exact areas you can focus on to minimize your time and maximize your investment. 

 

 

Preparing your home to sell for top dollar

7. Staging your home 

Staging is the art of highlighting your homes features without drowning them out. Home staging is a marketing strategy with a dash of psychology.  Its removing, adding, or re-arranging furniture and décor to make it the most palatable to potential buyers. The goal is to create a great first impression so that buyers put your home at the top of their list.

The great news is, there are options in staging that can fit everyone’s budget. Now, you can hire a professional stager to bring in furniture and stage your home. However, this can get expensive. It also may not be necessary for everyone to go to this extreme. 

We offer or clients a free consultation with an interior designer. This designer will go through your home and give you advice on how to best use your furniture to stage your home. This is much more attractively priced then hiring a stager to professionally stage your home.

Here are a few quick tips when you are staging your home: 

1. Put cords & wires out of sight

2. Pull furniture away from the walls

3. Add warm touches like flowers or attractive colors

4. If using table leaves, remove them to make the room look bigger

5. De-clutter the master closet (removing some clothes). This will make it seem very open

6. Clean/ remove portable appliances in the kitchen. 

To Download a FREE copy of our “Home Seller Prep: Staging Guide,” Click Here

Selling A House Shouldn’t be Stressful

There is a pro-active way to sell your home that gets results

Prepare your home for sale

8. Identify possible repairs and updates

This step is VERY dependent on your goals, timeline budget, and the current market conditions. Identifying possible repairs and upgrades is also one of the largest factor that can determine how much you walk away with at the end of the day. There will be a huge difference in a fixer upper vs. the immaculate home with all the modern finishes.  

Usually our clients want to put in the minimum effort to get the maximum value.  To do this, the main goal is to make the home “Move in Ready.”  If you are looking to maximize your homes value without completely renovating the home, focus on the items that NEED to be fixed.  We don’t want a buyer saying “This needs to be done before I move into the home.” 

Buying a home is an enormous endeavor for most people, so they may be picky. Ensuring they don’t find anything that needs immediate fixing is a good way to keep their minds at ease and focused on the positive qualities of your home.

Nobody wants to inherit the loose door handles, loose floorboards, or dead light bulbs that have been sitting on your to-do list for months. It may seem small, but even a single defect can make a potential buyer wonder what else needs fixing that they haven’t found. Here’s a list of some items to focus on: 

1. Broken locks and hardware

2. Leaky faucets

3. Running Toilets

4. Patch cracks and holes in the wall

5. Touch up paint on any blemishes or skuff’s on the walls 

6. Squeaky door

7. Cracked floor/counter tiles

8. Broken appliances

9. Replace burnt out light bulbs

Remember, your goal is not to chase the “perfect” home inspection report, because that doesn’t exist.  You want to focus on deferred maintness and items that will make the home “Move in Ready.” 

For those of you who are looking to completely renovate your home to maximize your homes value, check out our video: “6 Renovations That Increase Your Homes Value.”

Prepare your home for sale Charlotte NC

9. Your Home’s Curb Appeal

Your home’s curb appeal is a buyers first impression as they pull up to your home.  A potential sale is lost quickly if a buyer refuses to even get out of an agents care because the exterior is a big turn off.  Here are a few things to focus on to make your curb appeal “POP:”

          • Mow the grass
          • Trim the shrubs
          • Remove dead trees and bushes
          • Add a pop of color
          • Paint the front door
          • Make sure the door handle and lock works
          • Make sure buyers can see your house #
          • Make sure mailbox looks nice and presentable 

 

Find out how much your house is worth!

Prepare your home for sale

10. Gather the necessary paperwork

Last but not least, make sure to gather the important and necessary paperwork. Even though you haven’t seen them in years, now is the time to track down all of the user manuals, warranties, and invoices.  Think about any necessary paperwork that goes with the water heater, HVAC, appliances, or your pool. These can come in handy during the home selling process.

Also, do you have any previous appraisals, surveys, permits, home inspections, or title insurance policies? If so, make sure to give them to your realtor, so they can utilize this info to help you maximize your homes value! 

Who is all on the deed? Who all needs to sign in order to sell the home?  This is not always easily explained, especially in estate sales.  And note, if you are in North Carolina and married, both spouses need to sign – no matter who’s on the deed.   Knowing this information can help you avoid huge obstacle’s before closing. 

 

There you have it folks, the 10 steps to prepare your home for sale.  These will prove a strong road map to help you maximize your homes value. 

Remember, everyone’s goals, circumstances, and aspirations are different and while this is a good road map to help you prepare your home to sell: some of these may apply to you, while others do not.  

 If you are considering buying, selling, or investing in the greater Charlotte area, we would love to be your real estate resource of choice. Please call/ text/ or email us today:

Contact us through:

📱Call/Text Direct (704)-631-3977

📧Email: info@thefinigangroup.com

💻Website: www.thefinigangroup.com

If you are considering selling your home,  make sure you choose the best Realtor. Watch this video to make sure you are asking your potential realtor the RIGHT questions:  10 Questions You Must Ask Your Realtor Before Hiring Them. 

 

Selling A House Shouldn’t be Stressful

There is a pro-active way to sell your home that gets results

Selling your home in Charlotte NC? 5 Things you MUST do to Maximize Your Value

Selling your home in Charlotte NC? 5 Things you MUST do to Maximize Your Value

There are a variety of things that are out of your control when selling your home in Charlotte NC , including market conditions, location, price bracket etc…But there are a few things that are well within your control! These 5 tips can help put thousands of dollars back into your pocket!

In this post I want to explore the reasons around why its really worth spending time on your home before you leave it, both for you and for your potential buyers!

Of course, you want to maximize your profit when selling your Charlotte NC home. There are many things you can do to ensure that you get the most money possible for your home. In this article, you will learn about the top 5 things to focus on to ensure you can maximize your profit when selling your home here in Charlotte NC

Write the meta title under 60 characters and the meta description under 160 characters for the Selling and Buying a House at the Same Time: How You Can Make it Work Blog Post of The Finigan Gro

1. Curb Appeal

Curb appeal isn’t just about making your house more attractive; it’s about making it memorable and demanding positive attention. A home with high curb appeal can demand higher prices and take less time to sell. The outside is also what brings potential buyers inside.

The reality is that many homebuyers begin the buying process online and, of those, over half will drive by a home they saw online. That means that over half of your prospective home purchasers could make a decision on your house by what they can see from the street. Every part of your home’s exterior from the front entryway to the yard, driveway, sidewalk, walls, and windows can make an impression.

You probably won’t be able to update or polish every aspect of your home’s exterior, so what should you prioritize?

            •  Cut back tree’s and shrubs: Trees and shrubs should accent and enhance your house, not hide it. With a good eye, the right tools and a little time, basic shrub and tree trimming and pruning can yield impressive “curb appeal” results.
            •  Manicure your lawn: Keep your lawn freshly mowed, trimmed and edged. Give it special attention before weekend showings. If you don’t have the time or the inclination to do it yourself, consider hiring a reliable, professional yard service to keep your lawn show ready.
            •  Plant some color: Flowering plants are a quick, inexpensive and effective way to make your home look bright, fresh and inviting. Get advice as to which plants do best given the time of year and the amount of daily sunlight they will receive.
            •  Paint the house:Painting an entire house can be expensive, but may be justified if the current paint is in bad shape or the colors are simply dated. From a curb appeal standpoint, painting only the trim can give your home a fresh, clean, updated appearance for considerably less than the cost of painting the entire home. Color choice is key (whether painting the entire house or just the trim); a professional color consultant can help you select the color scheme that will likely appeal to the most buyers.
            • Clean the roof and gutters:Buyers notice roofs, and it goes beyond curb appeal. The roof is a major home maintenance and expense item. Tree branches on the roof, clogged, sagging, gutters and algae growth detract from the home’s appearance and give the impression of the roof (and the home itself) being neglected. Clean debris from the roof and gutters, have any moss or algae growth removed and reattach any loose gutters.
            • Freshen walkways and driveways: Pressure wash brick and concrete walkways, patios and drives. Put a fresh coat of sealant on black top driveways. 
            • Freshen walkways and driveways: Pressure wash brick and concrete walkways, patios and drives. Put a fresh coat of sealant on black top driveways. 
            • Address your mailbox: Your mailbox is one of the first things a buyer may notice. If the box is on a wood post, freshen the stain or paint the post a neutral color. If the mailbox itself has seen better days, replacing it is fairly easily and inexpensive.
            • Address your mailbox: Your mailbox is one of the first things a buyer may notice. If the box is on a wood post, freshen the stain or paint the post a neutral color. If the mailbox itself has seen better days, replacing it is fairly easily and inexpensive.
            • Your Front Door:Your front door is the first thing that buyers will see before walking into your home. You want to start with a good first impression. You want to make sure the front door’s paint isn’t peeling, or weathered. Major dings or dents are a no-no. Hardware like door handles should be in good condition, and weatherstripping should be intact, and most homeowners can fix those issues themselves.

2. Declutter & Staging Your Home

Before you can successfully show off your house to anyone (or even take listing photos) you need to ensure you have a home that people will want to live in: one that’s well organized and filled with ample storage space. To help, we’ve put together a list the most important places to de-clutter as you prepare to sell your home. And though we can’t promise it’ll shorten the length of time your home spends on the market, we can assure you it’ll make the staging process go a whole lot smoother.

There’s a common belief that rooms will feel larger if all the furniture is pushed against the walls, but that isn’t the case. Instead, furnish your space by floating furniture away from walls. Reposition sofas and chairs into cozy conversational groups, and place pieces so that the traffic flow in a room is obvious. Not only will this make the space more user-friendly, but it will open up the room and make it seem larger.

 

3. Have a Clean & Tidy Home

Most people expect you to clean the home before closing the deal. But also, a lovely and clean home can leave a favorable impression on every potential buyer. Remember that they will be poking around and looking through every inch of your home, searching for every detail.

While you could sell a house in poor condition and messy, it might be a bad financial decision. Unless you are selling your home “as is,” keeping it in top shape is important to raise the asking price.

4. Small Touch Up’s and Repairs

It is easy to miss a lot of the wear and tear that happens to your house over the years. But when you start thinking about selling, the state of your home becomes much clearer. You know that there are things that need to be fixed and cleaned up. However, you only have so much money and time to make repairs. So, what should you fix?

           1. Paint: Paint is one of the cheapest, easiest ways to update the look of your home before you list it. And you don’t need to be a professional painter to make this work for you, either. Watch a few videos online, pick your colors and go to town!

          2. Exterior: The exterior is the first thing buyers will see, so you want it to look good. Replace missing fence boards, add sod if the yard is looking the worse for wear, and clean up any junk that may have accumulated in the yard or on the outside of any storage sheds.

         3. Lighting: Lighting can make even the smallest home seem open and inviting. You want to maximize the perception of space, so you will want to take advantage of the many lighting options now available. You can learn more about lighting different spaces online and find a variety of affordable lighting options that will be far superior to the current overhead or stand lights in your house.

         4. Functionality: Go to your home and make sure everything works as it should – from the small things like doorknobs and locks to bigger stuff like your garage door.Everything doesn’t have to be new for a home to be desirable to buyers, but all the functional aspects of the home must be in good working order to fetch the best price. A few broken components are all it takes to start driving the price down, so get them fixed.

        5. Flooring: Bad flooring can quickly turn away home buyers because it’ll be one of the first things they notice when entering your house. Costs to replace flooring mainly depend on the material that you choose.

       6. Water Stains: You’ve learned to live with the results of a long-fixed plumbing snafu, but for buyers, a water stain suggests there could be a dozen pesky problems hidden beneath the surface. That’s why this is one of the things to do before putting your house on the market.

 

5. Depersonalize The Home

As hard as it sounds, you need to depersonalize the house to sell it. Try to see it through a stranger’s eyes and think zero clutter, warm wall palettes, soft textures, and small bursts of color—you’re aiming for neutral, but still charming!

Depersonalizing your home is overwhelming, we know. So, what are a few things to focus on when depersonalizing your home? 

            • Remove personal photos and family portraits
            • Start taking down those prized trophies, awards and framed certificate
            • Pack up your ‘collections’
            • Put away toys and sporting or exercise equipment. They are also considered personal items
            • De-personalize your bathrooms
            • Remove magnets from your fridge 

When you live in a home, especially for a long time, it’s easy to overlook the things that can make or break an offer. Selling your home is about taking an objective look from a buyer’s point of view. Remove yourself and your memories from the equation, and imagine that you are seeing your home for the first time.

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5 Best-Kept Strategies To Make The Most Money When Selling Your Home

5 Best-Kept Strategies To Make The Most Money When Selling Your Home

Savvy home buyers and sellers often have the same goal: to get the best price possible for and out of their biggest investment. For many sellers specifically, it means selling their home for top dollar and within their predetermined time frame. 

To achieve this, it’s necessary to implement the right strategies to make your listing stand out and stay ahead of the competition while spending as little extra time and money as possible. Here are five best-kept tricks of the trade to ensure you get the most out of your home sale:

1. Work with a local real estate agent.

The main thing to remember when listing your home for sale is that your time is money. So even if you’ve done it before (unless you’re an investor), you will likely benefit from the talent, expertise, and guidance you can get from a local real estate agent. They can steer you in the right direction to help you get the most money possible. And with the unpredictability of the current housing market, it’s even more critical to work with an expert so you can stay on top of things.
With a realtor by your side, it will be much easier to navigate the ins and outs of the selling process. They also have the know-how when it comes to staging, marketing, reviewing offers, handling negotiations, explaining the complicated terms in legal documents, and more. Before deciding to sell your home, make sure you connect with a local and experienced real estate agent.

2. Time your sale.

Timing is critical when selling your home to maximize your sale price. Generally speaking, spring is widely considered to be the best time to sell since many people want to move during the warmer months when the kids are out of school. However, seasonal trends vary by market so it’s important to do your research. You’d want to make sure that the conditions of the market where you’re selling (and subsequently buying) are working in your favor.

Likewise, there are other factors to consider as well to maximize your profit. For example, is the sale of your home going to conflict with other life events like relocating to a new job, retirement, or other family milestones? If that is the case, even if it’s already the peak selling season, you might want to consider before listing especially if there will be a negative financial impact. Other factors to consider are whether you have built enough equity in your home to offset buying, closing, and moving costs, as well as the current condition of your home, from which you can decide how much time and effort it will take to prepare it for sale.

3. Price your home right.

Think you can make more money on the sale by placing a higher price tag on your home? Here’s the thing: an overpriced listing deters many prospective buyers. And because of that, your home is more likely to sit on the market longer or be compelled to drop the price later, which could raise questions or skepticism about whether there’s something wrong with the property. On the other hand, price your home too low and you risk leaving money on the table.

This is why it’s crucial to set a fair but competitive price right from the start. And this can only be achieved by enlisting the help of a real estate professional. Your agent will perform a complete comparative market analysis (CMA), which will show you what similar properties in the area have sold for recently and for how much. This will give you an understanding of the price that’s appropriate for your neighborhood while also considering the current condition and value of your home. Setting a realistic initial asking price will attract more buyers that will help you sell quickly, maximizing your return.

4. Spruce up your home.

Many prospective buyers appreciate a clean and well-maintained home. Even with a limited budget, doing a thorough cleaning, as well as completing some minor repairs and upgrades before listing your house, can go a long way to helping it sell for more.
Don’t forget to do a deep clean on both your property’s interior and exterior to give it that much-needed refresh. A fresh coat of paint, preferably on neutral colors, can also give it an instant facelift. Fix minor issues like leaky faucets and cracked windows, or replace any loose hardware like cabinet pulls and doorknobs. Improve your home’s curb appeal by trimming the hedges and trees, pressure-washing the driveway, cleaning and repainting the mailbox, etc. Doing even just some of these budget-friendly projects depending on what your home needs can help make a good first impression when it’s time to list it for sale.

5. Negotiate the best offer.

If you’re on your own, you might be tempted to immediately grab the offer with the highest price thinking that it was already a good deal. But with an experienced real estate agent on your side, you’ll be guided on the ins and outs of the offer process and be advised on when to negotiate prices and terms. While the highest offer price seems good enough, it doesn’t mean it’s the best offer, especially if you’ve got multiple bidders on your property.

There are other things to evaluate in an offer aside from the asking price to make sure you get the best deal, such as contingencies—clauses or set of terms in the contract that allow the buyer to cancel the agreement if those terms aren’t met, target closing schedule, seller concessions, financing, etc. With the help of your agent, you can negotiate to limit the contingencies to what you feel comfortable with or choose only from offers that match your target closing date. Just remember to review those things carefully and understand that the most important figure is your net proceeds, which tells you how much you’ll walk away with from your home sale after paying your expenses.

How to Sell a House

How to Sell a House

So, you’re ready to sell your house. Maybe you’ve outgrown it, or you’re moving for a job. Whatever the reason, selling your house can be a complicated and time-consuming process. But don’t worry, we’re here to help. In this blog post, we’ll give you some tips on how to sell your house quickly and for the best price possible.

1. Get your house in tip-top shape.
If you want to sell your house, you need to make sure it’s in the best possible condition. That means repairing any damage, giving it a fresh coat of paint, and decluttering every room. You want potential buyers to come in and see a house that they could see themselves living in.

2. Set the right price.
You might be attached to your home and think it’s worth more than it actually is. It’s important to be realistic when setting the price for your home. If you set the price too high, you might end up sitting on the market for months with no buyers. But if you set the price too low, you might not make as much money as you could have. The best way to find out how much your home is worth is to get a professional appraisal or work with a real estate agent who can help you set a competitive price based on comparable homes in your area.

3. Find the right real estate agent.
Selling a house is complicated, and there’s a lot of paperwork involved. You’re going to want to work with a professional who knows what they’re doing and can help guide you through the process. Ask around for recommendations or look for an experienced agent who has successfully sold homes like yours in the past.

4. Market your home effectively.
You might be tempted to just put a For Sale sign in your front yard and call it a day—but that’s not going to do much to attract buyers. You need to make sure potential buyers know your home is on the market and get them interested in seeing it. The best way to do that is by working with a real estate agent who will list your home on MLS (Multiple Listing Service) and promote it through their networks and marketing channels.

Selling your house doesn’t have to be stressful—just follow these tips and you’ll be on your way in no time! Just remember to repair any damage, declutter every room, set a competitive price, find a great real estate agent, and market your home effectively and you’ll have no trouble finding a buyer in no time!

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Josh Finigan
The Finigan Group
Realtor @ eXp Realty
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