Realty Vision


Posted by Realty Vision on 3/2/2017

After a lot of thought, you've decided to add your house to the real estate market. However, as a first-time home seller, there's plenty you'll need to know to ensure you can maximize your house's sale price. Here are three tips that every first-time home seller needs to know before you list your house on the real estate market: 1. Be realistic when you price your house. What is your home worth? It's the million-dollar question that every home seller needs to consider, because how a home seller prices his or her house may determine how quickly a residence sells. Ultimately, you'll want to be realistic when you price your house. You'll want to find the sweet spot, i.e. a price that makes your house attractive to prospective homebuyers yet ensures you receive fair value for your residence. To price your residence appropriately, be sure to get your house appraised. Also, you'll want to look at the prices of similar homes that currently are listed on the real estate market or sold recently, as this will enable you to determine the right price. Of course, pricing your home competitively will increase the chances that it will generate a lot of interest. And if you do your homework, you're sure to find a fair price that meets your needs as well as the needs of prospective homebuyers. 2. Think about what you'll want to do with your appliances. Do you want to bring your major appliances (like your refrigerator, washing machine and dryer) to your new address? If not, you'll want to account for these items and include them in the price of your home. Comparatively, you may be able to use your appliances in a home negotiation. For instance, you might seal the deal with a homebuyer who is on the fence about making an offer on your home if you offer to include your appliances in the purchase price. On the other hand, if you're in love with your appliances, you need to be ready to bring them with you to your new home. As such, you may need to lower the asking price for your house to account for the fact that a homebuyer will need to buy new appliances. 3. Take a proactive approach to promoting your house. When it comes to selling your house, you'll want to make it as simple as possible for homebuyers to find all of the information they need to understand why your residence is a great choice. For instance, using high-resolution photographs to showcase your residence online can be exceedingly valuable. You also can eliminate clutter from your home and maintain a clean, spacious residence, one that homebuyers can view at any time. Don't forget to collaborate with a first-rate real estate agent, too. With an experienced real estate professional at your side, you'll be able to promote your home to the right homebuyers at the right time consistently. Use the aforementioned tips to get ready to sell your house, and you can increase your chances of optimizing your residence's value in any real estate market.





Posted by Realty Vision on 9/5/2013

The recent drop in homes prices, affordable mortgage rates and the popularity of television shows showing investors turning over homes has many people wondering if they can make money flipping homes. Flipping a house simply means buying and then selling a home quickly for profit. There are different ways to do this, but if you are interested in buying and selling houses, or just want to find a good deal to invest your money in. You will want to follow some tips on how to make sure you make money and not end up busting the budget. 1. KNOW THE AREA It is not just about the house you want to buy but also the area. Focus on buying homes in an area that holds value and where homes sell quickly. The golden rule of a home, location, location, location, applies here as you will want the home to be able to be sold quickly. Get to know the average costs and days on market for homes in that area. The more information you have about the market you have chosen, the better decisions you can usually make when it comes time to buy. 2. DO NOT GET EMOTIONAL This is a business venture; your goal is to make money. Emotions and money rarely mix well. Do not get emotional about house flipping. When choosing colors, fixtures and carpets go neutral, you will not be living in the home. Be careful of becoming too attached to the flip. Choose a price to sell the home, do not overprice the home. Overpricing typically leads to you holding the flip longer thus reducing your profit. 3. KNOW YOUR LIMITS If you are new to flipping homes, it is important to know your financial and work limits. The budget will always be more than you anticipate, plan for unexpected problems. Start with homes that mainly have cosmetic problems. Look for houses that need new, modern paint or updated fixtures. Homes where the outside yard and landscaping are unappealing are usually a great buy and can yield more profit. Curb appeal is usually a problem that can be fixed very easily and relatively inexpensively while greatly increasing the value of the home. 4. HAVE AN EXIT STRATEGY The point of flipping is to get in and out as quick as possible. Every day that you own the homes costs you money. Have a plan and know exactly what you're going to do with the home before you buy. Make a schedule of when work will get done and drop dead date of the house going back on the market. If you don't know if you can sell it quickly, don't buy it.







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