Downsizing your home can help you simplify your life, open new options and potentially change your lifestyle. It is also hard work. There’s a lot more to it than “channeling your inner minimalist”, and it’s best to approach downsizing with your eyes wide open. Since it inevitably means pairing down a lot of your belongings – stuff you’ve collected for years or decades – downsizing triggers a lot of emotions. Let’s look at all the facets of downsizing so you can get started.
A comparative market analysis is a bit like a Swiss Army knife – it’s a multifunctional tool that can help both buyers and sellers as they enter the real estate market. It helps buyers understand the pricing of homes, including factors that have nothing to do with the actual structure. For sellers, it’s vital for arriving at an appropriate listing price. Misjudging the value of a home can result in financial losses, which underscores the importance of a reliable CMA.
Whether it is a buyers or sellers market – now and in the near future – will be the topic of conversation for anyone buying a new home or selling their current home. The real estate market is an ever-changing landscape that can shift between favoring buyers or sellers at different times. Understanding whether it’s currently a buyers’ market or sellers’ market is crucial for both home buyers and sellers. Let’s dive into the definitions of buyers and sellers markets. Then we will look at some helpful tips for sellers in a buyers market and buyers in a sellers market. Finally let’s discuss important questions to ask your agent in each scenario.
Residential real estate is an industry word that describes what most of us are doing – buying new homes and selling our previous homes. It’s the default. Most real estate agents deal with residential real estate, so it’s a term that describes 73% of the market (according to the National Association of Realtors). What are residential properties and what makes them different? What makes them special?
A sellers market is a situation in which the housing demand exceeds the number of homes available for sale. While that’s the simple definition, there is nothing simple about getting the best price for your home in a seller’s market. This kind of market creates an environment in which home sellers have the upper hand, as they can set higher prices and receive multiple offers on their properties. If you’re considering selling your home in a seller’s market, there are some important things to keep in mind.
How to choose a real estate agent may seem like a simple question, but it’s really two questions. First, we will look at how to find a real estate agent using the tools that are out there. Second, we will look at finding the right fit between you and an agent.
“Should I downsize my home?” is a question retired Baby Boomers are asking with increasing frequency. It’s not, however, just for retirees. Downsizing your home can work for you for a lot of reasons. If you are simplifying your life, looking to enhance your income, or just taking a break from your current trajectory, a small home and downsized lifestyle might be for you.
If you are asking yourself “what is radon testing?” followed by “what is a safe radon level?”, you are probably in the final stages of selling your home (or buying one). Radon testing has become a standard for all home inspections, so if you are the seller, you’re going to need to pass this test. If you are a buyer, pay close attention to the results because it could affect negotiations with the seller.
The difference between the right questions to ask a real estate agent and the wrong questions, can make all the difference in your outcome – whether buying or selling a home. Ideally you are going to be working very closely with this individual throughout the buying or selling process, so good communication will be one of the primary characteristics you will want to foster early in the relationship. One of the best ways to open up the communication channels is to ask them questions, answer their questions and keep everything as clear as possible. Read on for tips about things to discuss with your agent.
Staging a house to sell is one of the best ways to increase the sale price of your home, so it may be worth hiring professional home stagers to impress potential buyers. Home staging companies cost money so it would be an investment toward receiving that extra $5,000-$10,000 on a purchase offer from a potential buyer who really wants your home. That means choosing a staging company that has the right services and products to match your home and your budget. Here’s how to find talented home stagers to maximize your home value.