Posts Tagged ‘Selling’

The Top Five Reasons why Homeowners Sell their Homes

Wednesday, February 10th, 2010

Is it time to sell your home?

Well, you may be the only person who can answer that, but the reality is that there are a near-endless number of reasons why people decide to sell their homes. However, there are five, top reasons why people sell their homes:

  1. Upgrade – One of the most popular reasons for selling a Coppell property is simply to upgrade. We all begin our homeowner lives in a starter home, which is often small and unassuming. Once we have established careers and growing families, many of us are ready to move onto a larger home, perhaps with more rooms, more bells and whistles, and located in a better neighborhood. We can often afford this upgrade because of an increase in salary or because of an increase in our home’s equity.
  2. Upsize – If your family is growing, but your home is not then it may be time to upsize your current home. Many families look for larger homes with more bedrooms and more bathrooms, while many families choose to upsize to a home with a bigger yard, a bigger kitchen and simply more space to move around.
  3. Job Opportunity – Job opportunities and career changes often place us into different homes. From relocation to new careers, job opportunities are one of the top reasons why many people choose to sell their homes.
  4. Empty Nest – If your kids are grown and you find yourself rattling around a house that once seemed like it was too small but now feels grandiose then you may consider selling your home and downsizing. Many empty nesters also decide to sell in favor of homes in communities where maintenance is taken care of and yard work is a thing of the past.
  5. Marriage Changes – Unfortunately, divorce is a reason why many people sell their homes. However, marriage is also another reason. In today’s society, there are many individuals that own separate homes and then sell them in favor of a new home. The trend in marriage being one of the top reasons people sell their homes is perhaps because many individuals are simply waiting until later in their lives to marry.

Economical Ideas for Sprucing up your Home for Sale

Monday, November 23rd, 2009

We all want to get the most money for our home, but we don’t want to spend a great deal of money to achieve this.

There are certainly many things you can to do prepare your home for sale to ensure that you receive top dollar; however, for the sake of finances, you can often forgo the large remodels or renovations in exchange for simple, and often inexpensive, fixes that will provide maximum impact for a fraction of the cost.

Cost-Effective Measures to Increase your Home’s Value:

  • Scrub it down – This may seem like a no-brainer, but the fact of the matter is that many buyers are turned off by a dirty home, no matter how great the surroundings are. From cleaning the windows inside and out, to scrubbing down the appliances and cleaning the grout in the bathtub, now is the time to give your home a thorough cleaning so that the first thing buyers notice is a well-cared-for home.
  • Clear out the clutter – Potential home buyers can not focus on your Coppell home when clutter is getting in the way. Remember: buyers should focus on your home, not the clutter that they must walk around or look past. There is no better way to make your home show better than to clear out the clutter and present a clutter-free environment to buyers.
  • Remember curb appeal – Perhaps the one thing that many home sellers neglect to focus their efforts on is the exterior of the home. You must remember that your home’s exterior is the first thing buyers will notice when they pull up to your home. If the home’s exterior gives them a bad impression, they may have already made up their mind about your home even before they walk through the door.
  • Painting, painting, painting – Don’t ever underestimate the impact that a nice paint job can have on your home. Now is the time to show your buyers fresh, clean walls, free of marks, holes or other defects. There is no better way to instantly give every room of your Coppell home an instant facelift!

An Emotional Guide to Selling your Home

Friday, November 6th, 2009

If you are like most sellers these days, the process of selling your home – often for much less than you ever thought possible – is quite unappealing. However, for many individuals, their options are limited and they must sell.

With that said, there is a way to sell and a way not to sell, particularly in today’s market. There are those sellers who stress every day that their home hasn’t sold; there are those sellers who hound their real estate agents even when there is simply no news to report; and there are those sellers that simply refuse to believe that their home is no longer worth what is was when they bought it three years ago.

None of the above mentioned homeowners are doing themselves any good. In fact, they could be causing themselves loads of undue stress and pressure, both of which are counterproductive when trying to sell a house.

The following list is designed to keep you emotionally and mentally grounded when selling your Dallas County home during this tough, economic period:

  • You will get low-ball offers. Expect them and try not to be insulted. There are a certain number of buyers that assume, because of the lousy housing market, they can come in with a ridiculous offer and that it might just get accepted. You have two options when this happens: you can outright refuse their offer and tell them to resubmit a reasonable offer or you can fly off the handle and refuse to even counteroffer. Don’t let your emotions and anger get in the way of a potential sale; simply counteroffer and make it clear to the buyers that you will not, in no uncertain terms, accept an offer that low. If the buyer is serious he will submit a new offer; if not, he will walk away.
  • Your home will not likely sell in a week. Expect it and be prepared to wait it out. The housing market just isn’t what it used to be a few years ago. Homes typically do not fly off the market in a matter of days. You must accept this fact and be prepared to wait a few months to find that right buyer. Remind yourself that this is common and try not to dwell on it too much.
  • Stay in touch with your real estate agent. Trust that your real estate agent is working hard to sell your Dallas County home. Keeping in contact with your real estate agent is important, and expecting a weekly update is not out of the question. However, barraging your agent on a daily basis about the status of your home is only taking him or her away from the job of selling your home and really accomplishes nothing more than frustration on both ends.

The Top Five Tips for Selling in a Buyer’s Market

Monday, October 12th, 2009

It certainly comes as no surprise that Dallas, along with the rest of the country for that matter, is still in the midst of a buyer’s market. Although we have seen improvements over the last, couple months regarding the residential real estate market, there still remains a large inventory of homes on the market and way too many foreclosures to contend with.

Is it possible to sell quickly in today’s buyer’s market? Absolutely; but you must have a game plan and a set of rules to live by:

  • Price right from the start – You must attract buyers as soon as your Park Cities property hits the market. Otherwise, your new listing can suddenly become old news. This is not the time to “test the waters” to see if buyers will jump at a higher price; in fact, you must seriously research your listing price, along with your sales agent, so that you can offer the most competitive price on your home.
  • Wow your buyers with a move-in ready home – To compete in today’s market you must simply have a home that stands out from the rest. You can accomplish this and attract buyers by making your Park Cities property as move-in ready as possible. If your home surpasses others on the market then you are well on your way to an easy sale.
  • Remain flexible at all times – It may be quite irritating or inconvenient to accept a showing on a Sunday morning, but in today’s market you must be willing to remain flexible throughout the entire process. From offering incentives to negotiating closing costs, your flexibility may make the difference between a quick sale and months on the market.
  • Hire a qualified, seasoned real estate agent – There is simply no better way to quickly sell your Park Cities home than to use the services of a qualified real estate agent. Your real estate agent will likely have a great deal of experience selling homes in your neighborhood, which will therefore give him/her an advantage when pricing your home, marketing your home and negotiating a sale on your home.

Is it Time to Sell?

Friday, August 7th, 2009

There are several things that can garner as much attention from you family as moving.

Is the time right to move? For many families, that is the million-dollar question. A move can greatly affect your family, your finances and your current lifestyle. Many of us move in order to downsize, up-size or to take job opportunities elsewhere.

Your decision to move from your current home may also be based on finances. For many homeowners, the decision to move is based largely on finances and the inability to make ends meet in today’s tough, economic climate.

Whatever the reason for your move, you may want to ask yourself several questions before making the leap to another home:

  1. Have you outgrown your home? For many of us, a growing family is one of the reasons to make the move into a new home. If your family keeps growing and your household stuff also seems to be growing at an impressive rate, then it may be time to consider a move into a large home that can better accommodate your growing family.
  2. Has your home outgrown you? If you are an empty nester with more room than you know what to do with, then it may time to downsize. For many of us with adult children, the Irving home we once found too small is now simply too large. Empty bedrooms and a yard that is no longer used may be just two of the reasons why empty nesters may find themselves pondering the decision to downsize into a more manageable home.
  3. Are you ready to make a profit? If you find yourself in the fortunate situation where your Irving home is now worth much, much more than when you first bought it, you may want to sell it to reap the rewards of a hefty profit.
  4. Are you ready to make a life change? If you are ready to make a serious life change, like moving to another state or buying the home of your dreams, then it may be time to sell your home. Following your dreams and achieving your goals are often much easier to accomplish when you have your home’s equity to help fund it.

The Top Five Home Improvement Projects to Take on Before you Sell

Thursday, July 16th, 2009

So, you are ready to sell your home and you desperately want a quick sale. What home improvement projects should you take on and which ones should you abandon?

We all want top dollar for our homes, but we also don’t want to make home improvements that will not produce a healthy return on our investment. Although the area in which you live will likely dictate which home improvements are well worth your time and investment, there are five home improvements that are sure to benefit sellers everywhere:

1.       Paint your walls. There is absolutely, positively no better way to increase the value of your home than with a coat of paint. And luckily, there are few home improvement projects that are as inexpensive. A fresh coat of paint throughout your University Park home will make it appear fresh, clean and inviting.

2.       Replace your carpeting. If your carpeting is worn, stained or has simply seen its better day, then you may want to consider installing new carpeting. An attractive, neutral carpet will do wonders for your home’s appearance. Plus, you will likely see a 100 percent return on your investment.

3.       Update your lighting fixtures. Nothing outdates a home like old light fixtures. Luckily, most lighting fixtures are relatively inexpensive and easy to install.

4.       Purchase new kitchen appliances. Buyers love new appliances, so there is simply no better way to lure them in than with new, shiny appliances. Plus, new appliances can be used as a bargaining tool during the negotiation process.

5.       Improve your home’s curb appeal. Cut back any overgrown trees, trim your hedges, remove weeds from your plant beds and plant colorful annuals. Your home may look amazing on the inside, but if the outside looks less than stellar, you may lose many, potential buyers before they even walk through the door.

The Top 10 Do’s of Selling Your Home

Tuesday, June 2nd, 2009

Selling your home takes a bit more work and planning than just putting the “For Sale” sign in your front yard. If you want to compete in today’s tough buyer’s market, and attract plenty of buyers, then there are a few things you’ll want to take care of beforehand:

http://1.bp.blogspot.com/_EiZgUovwty0/SEyeEkfgDeI/AAAAAAAAAhE/0ilvGiP53GY/s320/house_number10_lge.jpg

1.       Clean – There is no better way to begin your home selling adventure than with a good cleaning. And there is nothing that puts buyers off more than a dirty home. A deep cleaning may include steam cleaning the carpets, scrubbing down the appliances, inside and out, cleaning the windows, cleaning light fixtures, ceiling fans and other neglected fixtures in and around the home, and scrubbing down the bathrooms, particularly the bathtubs, showers, sinks and toilets.

2.       De-Clutter – Once your home is sparkling clean, you will want to consider tackling the clutter situation. Because, after all, how are your buyers supposed to appreciate your home when there is clutter distracting them? Your de-cluttering project may include cleaning out and reorganizing closets, disposing of unwanted items (now is a great time to donate or sell unwanted items!), cleaning out kitchen cupboards, removing unnecessary knick knacks from countertops, tabletops and shelves, and placing unnecessary household items and furniture in storage.

3.       Define the Rooms – Is your spare bedroom a dumping ground for unused household items? Is your dining room serving as a home office? An important part of preparing your home for sale is making sure that buyers understand what each room in the home is used for. In other words, move your home office out of the dining room and replace it with a dining room table!

4.       Apply a Fresh Coat of Paint – One of the most effective ways to immediately lighten and brighten your home is with a fresh coat of paint. A coat of paint can take a drab, unwelcoming room and turn it into a fresh breath of air. Choose soft, neutral colors to appeal to a wide audience.

5.       Depersonalize – Your personal collections and family photos may hold a special place in your heart, but they serve no purpose when selling your home. A great way to depersonalize your home and make each buyer feel like your home could be their home is to remove personal items from your home.

6.       Fix Up – Before listing your home for sale, take a walk through each room and make a note of items that need to be repaired or replaced.  If buyers see a leaky faucet or a broken light fixture, they will automatically assume that the house in not well maintained.

7.       Upgrade – Although full remodels are questionable, it is probably a good decision to replace old or outdated items around the home, particularly light fixtures, faucets, carpeting and appliances. Luckily, you will almost always see a return on your investment with these simple improvements.

8.       Stage – An excellent way of setting the tone of your Highland Park home is through staging. Staging your home enables you to highlight special features of your home and to show your home in the best light possible.

9.       Prepare for your Showing – There are many ways in which you should prepare for your showing. You may choose to open your windows and blinds to allow natural light to filter into your home; you may also choose to light candles, purchase fresh flowers and rid the home of clutter, valuable items and shoes situated by the front door.

10.   Remove your Pets – Remember: not everyone loves pets, so take Fido or Fluffy with your during a showing!

Great Ways to Catch your Buyers’ Attention

Tuesday, February 24th, 2009

With today’s housing market struggling to get by, it’s no wonder that sellers are starting to become very resourceful when it comes to selling their homes.

If your home is one of several homes for sale in your neighborhood, then it’s up to you to offer buyers something different that may catch their attention and may make your home stand apart from the crowd.

Pay Attention by AntyDiluvian.
photo by AntyDiluvian

Creating the WOW Factor

  • Consider new appliances, particularly stainless steel or those that are Energy Star Certified, both of which are very popular among new homebuyers. The money spent on new appliances will instantly transform an otherwise ho-hum kitchen into a sleek, updated space. You will also likely see a full return on your investment.
  • Improve your home’s curb appeal. The best time to get your buyers’ attention is the moment they step out of their car. If your home is neat and tidy on the outside, then most buyers will assume that it is just as tidy on the inside.

Some easy things you can do to tidy up your yard is to: add pots of colorful annuals near the front door; install new hardware on your front door; pull weeds from your flower and plant beds and lay down a thick layer of mulch; create a cozy seating area on your front porch; and give your shutters and trim a fresh coat of paint.

  • Tend to the small details. Don’t be surprised if you notice buyers checking out the small details of your home, as these can often indicate whether a home has been well maintained. Go from room to room and take note of any area which needs finished, fixed or updated.

Some areas to consider: missing or broken switch plates; dirty walls or shabby paint colors; outdated light fixtures; leaking faucets or running toilets; dirty or stained carpets; and dirty appliances.

How to Price your Home Right in Today’s Market

Thursday, January 15th, 2009

If you want to sell your home in today’s tough housing market, it’s time to get realistic. Reaping large profits may no longer be realistic; instead, pricing your home reasonably and accepting a fair price for your home may take the place of windfall profits of the past.

Most real estate experts will tell you that the number one reason homes don’t sell is because they are not priced right. In other words, you must price your home according to current market conditions.

That means that it is extremely important to price your home right – from the beginning – so that you can expect it to sell during these tough times.

The following tips will guide you when setting the listing price for your Irving home:

  • Pay attention to local real estate trends. Your real estate agent will gather a list of all houses that have been listed and sold in the neighborhood over the last six months, and he or she will use this information when determining a fair listing price for your home.

This list will also detail the difference between the list prices and sales prices of these homes, which will give you and your real estate agent a better idea of what you can safely price your home for.

  • Don’t plan on inflating the price in anticipation of lowering it should it not sell. Pricing it right as soon as it hits the market will ensure the excitement of a newly listed home and will generate much more activity than an overpriced home which sits on the market for an extended period of time before being lowered.

Don’t give buyers any reason to doubt your home – and a home sitting on the market too long will immediately create doubt!

How to Hit the Mark with Furniture Placement

Tuesday, January 6th, 2009

The arrangement and placement of your furniture in your Dallas home suits your needs, tastes and desires. Your furniture is placed according to the way you live, not according to what the decorator catalogs show. And that’s the way it should be — unless you’re trying to sell your home.
Now may be the time to assess your furniture placement and make changes that will allow buyers to (a) move about easier and (b) recognize your home’s best features.

Sonart - Dining Room Furniture Rendering by Cenk Kara - Designer.

photo by  Cenka Kara

Take an initial walk through your home and try to see it through the eyes of a potential buyer. If you are having trouble viewing your home objectively, enlist the help of a friend or your real estate agent to walk through with you.

Some questions you should begin asking yourself are: Does the floor plan flow properly so that people can easily walk throughout the home? Is the furniture arrangement conducive to multiple people walking through the home at any given time?

Some things you may want to consider include:

· Editing your furniture – Editing your furniture simply means removing any extra pieces of furniture that clutter the room and serve no purpose. Editing your furniture will not only make it easier to move about the rooms, but will also make the rooms appear larger and more spacious.

· Creating pathways for walking – If you must shimmy past the living room couch to get to the other side of the room, then you are going to need to reconsider your furniture placement. A well-designed room should create both living areas and walking areas.

Showing off your home’s best features is often easily accomplished by rearranging your furniture. If you have a fantastic view of your wooded backyard from your family room, move the furniture so that the window becomes the focal point of the room. When buyers enter the room, the furniture will almost point them to the focal point of the room.

Remember: Stepping back and viewing your home objectively is often the best way to sell your home!