Costs You Should Plan For When Selling A Home

When you sell something, you expect to make a profit on the sale. It doesn’t quite always work this way when you sell a home. While you may count the sale of your home as “all profit,” there will be some significant upfront costs that you’ll incur when it comes to selling your home. Planning the sale of your home can help you to manage these expenses and sell your home faster.  

Upfront Costs

The first costs that you will incur when you’re selling a home will usually be of the cosmetic and repair nature. These will include things like painting, small fixes, and 

Paint Your Home

Although you may love the bright green living room, another homebuyer may not. It would be worth your investment to stage your home well. An important renovation might include painting the rooms on the inside of your home neutral colors. Refreshing the trim on your windows also helps to make the interior of your home shine. You can paint around the windows for a quick update to the inside of your home. Paint can cost anywhere from a few hundred dollars to over $1,000.  

Clean Everywhere

If you wash your windows, it could add some value to your home and help it sell faster. When the windows sparkle, they will undoubtedly make a very positive impact on the buyer. Get rid of dust, dirt and grime, especially from the obvious spaces in your home.  

Landscaping

The outside of your home is also very important. Do some quick yard maintenance for a better look for the exterior of your home. Rake up the leaves. Trim the bushes. Mow the lawn. Make your home appear as pristine as possible. 

Repairs

Anything that needs to be repaired in the home should be. This will help you out during the inspection period. Things like leaky sinks, cracks in the walls, and holes in the roof are obvious and should be addressed before your home even goes on the market.                  

Stage Your Home

Take the time to make sure all of your furniture is arranged in a neat manner. The rugs should be streamlined with the chairs and tables. If things look a little cramped in any room, either take a piece of furniture out or move the room around in order to make it appear more spacious. 

Keep Your Utilities Running

If you need to move out before you get your home sold, make sure that you leave your utilities on. This way, there’s lights and heat available for potential buyers as they walk through the home to discover if they can see themselves living there.

Tips for Countering a Homebuyer’s Offer

Selling your home can be stressful, particularly when the time arrives to negotiate with a homebuyer.

You’ll want to ensure that both you and a homebuyer can find common ground during a negotiation. By doing so, both parties will be satisfied with the end results.

In some instances, however, a homebuyer may submit an offer for your residence that fails to meet your expectations. If this happens, you may need to submit a counterproposal to ensure you’re able to agree to home selling terms that fulfill your needs.

Submitting a counteroffer can be tricky, particularly for a home seller who is looking to complete a home sale as quickly as possible. Fortunately, we’re here to help you take the guesswork out of countering a homebuyer’s offer.

Here are three tips to help you streamline the process of submitting a counterproposal to a homebuyer.

1. Consider Both Parties’ Perspectives

Ultimately, a home selling agreement should meet the needs of a homebuyer and a home seller. As such, you’ll want to consider both parties’ perspectives before you submit a counterproposal and ensure that your counteroffer is fair to everyone involved.

Does a home selling agreement ensure that you will receive fair value for your home? And does this pact guarantee a homebuyer will receive fair value from his or her purchase as well? Consider both sides of a home selling agreement, and by doing so, you’ll be better equipped to agree to terms that work well for both you and a homebuyer.

2. Try Not to Get Emotional

If you feel like a homebuyer submits an offer that is below your initial expectations, try not to get emotional. Instead, take a step back from the home selling process and consider all of your options before you proceed.

For home sellers, it often is easy to let stress and anxiety get the best of you, particularly during high-pressure negotiations with a homebuyer. Conversely, if you take a deep breath and review all of your options after you receive a homebuyer’s offer, you can avoid making any rash decisions.

Remember, a homebuyer’s first offer may not be his or her best offer for your residence. And if you submit a counterproposal, you can show a homebuyer that you are willing to work with him or her to reach a fair agreement.

3. Get Advice from Your Real Estate Agent

Your real estate agent can guide you along the home selling journey and will help you determine if you should accept, decline or counter a homebuyer’s proposal. This professional also serves as a liaison between you and a homebuyer, which means your real estate agent can share your concerns about a homebuyer’s offer directly with this individual.

With a trusted real estate agent at your disposal, you should have no trouble reviewing a home offer and submitting a counterproposal if necessary. In addition, your real estate agent is happy to provide tips and suggestions throughout the home selling process, ensuring you can maximize the value of your residence.

Take advantage of the aforementioned tips, and you can move one step closer to selling your home.

How to Share Details About Your Home Listing

You’ve officially added your home to the real estate market; now, you just need to generate interest among family members, friends and others who may consider purchasing your house.

Fortunately, there are many great ways to share an online home listing with others, including:

1. Facebook

As soon as your home listing becomes available online, feel free to share it via Facebook, a leading social network among men and women of all ages.

Sharing a link to your home listing via Facebook enables you to provide information about your residence to friends and family members instantly. Plus, Facebook enables your friends and family members to share your post with others, further increasing your reach.

Don’t be afraid to include high-resolution photos with your Facebook posts, too. This will improve your chances that your Facebook posts will be noticed, and ultimately, could help you garner attention from prospective homebuyers.

Also, each Facebook post should consist of one to two sentences. Ensure that each Facebook post is easy to understand and encourages readers to click on the link to view your home listing, and you may find that a large variety of homebuyers could become interested in your residence.

2. Twitter

With only 140 characters at your disposal, sharing information about your house via Twitter may seem nearly impossible. However, those who understand what it takes to put together a great tweet could generate significant interest in their homes by using this social media platform.

Typically, a great Twitter post should include a brief description that explains your home is now available. You also may want to highlight one feature of your home (like the style of your house, where it is located or the number of bedrooms it offers) and include a call to action that encourages readers to click on the link to view your home listing.

Like a Facebook post, you will want to incorporate a high-resolution image into your tweet as well. Remember, a picture is worth a thousand words, and a first-rate picture of your home’s exterior may encourage dozens of interested homebuyers to evaluate your home listing.

3. Email

Have friends and family members who shy away from social media? No worries, as you can send them a link to your online home listing any time you choose.

If you send an email to a friend or family member, be sure to include a clear, concise subject line. This will allow you to minimize the risk that your message could wind up in a recipient’s junk email folder.

Furthermore, be sure to include your real estate agent’s contact information in your email. Because if a homebuyer knows how to reach your real estate agent, he or she can contact this real estate professional to set up a home showing immediately.

An online home listing increases your house’s visibility. And if you share your online home listing with others, you may be able to increase interest in your home accelerate the home selling process.

How to Let Your Neighbors Select Their Neighbors

Your home represents a one-of-a-kind property, and as such, you’ll want to do everything you can to promote it to your friends, family members and, of course, your neighbors.

Ultimately, your neighbors can play a significant role in generating interest in your home. And if you incorporate your neighbors into the home selling process, you may be able to boost your chances of a quick sale and maximize your chances of optimizing the value of your house.

So what does it take to work with your neighbors throughout the home selling process? Here are three tips to help you do just that.

1. Transform an Open House into a Block Party.

If you host an open house, invite your neighbors – you’ll be glad you did! By doing so, homebuyers can learn about your house as well as experience what it’s like to live in your neighborhood.

Your neighbors may be able to provide insights into your neighborhood that homebuyers might struggle to find elsewhere. And if you invite your neighbors to an open house, you should have no trouble generating plenty of interest in your house in no time at all.

2. Share Your Home Listing with Your Neighbors.

As soon as your home listing becomes available, be sure to share it with your neighbors. This will enable you to extend your home listing’s reach and boost your chances of connecting with a broad array of interested homebuyers.

Also, encourage your neighbors to provide feedback about your home listing. A neighbor’s feedback could make or break your home listing, and any insights that a neighbor can provide may help you put your home listing over the top in the eyes of homebuyers.

3. Collaborate with an Experienced Real Estate Agent.

Employing a friendly, experienced real estate agent is paramount, regardless of whether you’re selling your residence in a buyers’ or sellers’ market. With a top-notch real estate agent at your disposal, you’ll be able to bolster your chances of connecting with your neighbors and highlighting your residence to the right homebuyers at the right time consistently.

Your real estate agent takes pride in his or her work, and as a result, will be happy to provide tips to help you incorporate your neighbors into the home selling process. In fact, your real estate agent may be able to introduce you to neighbors and help you foster positive relationships with them that may allow you to accelerate the home selling process.

Perhaps best of all, your real estate agent is ready to respond to any concerns or queries during each stage of the home selling process. That way, if you ever have questions about your home listing or homebuyers’ offers for your house, your real estate agent will be able to offer expert guidance to help you make the best possible decisions.

Spend some time getting to know your neighbors and your real estate agent. This may enable you to improve your chances of selling your home in any real estate market, at any time.