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4 Tips to Setting an Accurate Asking Price

Thursday, July 3, 2014
by Tom Stachler,ABR,CDPE - Group One Realty Team

There are many emotions and tough decisions that are present when selling a Home. Perhaps one of the toughest decisions involves how to price your home. While a seller never wants to price a home too low, they also don't want to price themselves out of the market. Use these four tips to setting an accurate asking price when selling your home:

 

  • Living in an age where information is available in an instant can be both a wonderful and an awful thing. Use the information available by gathering enough data to make a smart decision. Educating yourself about the selling process and local market trends, helps you elect the best asking price.
  • While understanding the current market is a great way to begin, it often takes seeing comparable homes to understand what asking price is appropriate for your home. Ask that your Realtor set up showings for other homes in the area so that you can see what those homes have to offer in relation to their price.
  • A bidding war is a seller's dream. Help to ensure multiple offers on your home by staging it effectively. Showing buyers the potential that your home has will increase the amount of offers that you receive on your home. Also be sure to sell the key features of your home. Mentioning the little touches that make life easier goes a long way in securing offers.
  • Selling a home is an emotional time. When pricing a home, it is important to take your emotions out of the process. Buyers are not interested in paying you for the sentimental value of the home. They only want to secure the perfect home at a fair price.

These four tips to setting an accurate asking price will hopefully provide you with the information that you need to make a decision about the selling price of your home. It is important to remember that your real estate agent is someone that possesses the information to assist you through every step of the process, including determining an accurate asking price. Rely on their experience during this difficult decision.

 

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The Importance of Seller Disclosures

Monday, June 23, 2014
by Tom Stachler,ABR,CDPE - Group One Realty Team

The decision to sell a house is filled with important things to know about. One of those items is the importance of seller disclosures. The state and federal laws regarding those disclosures are strict. A buyer cannot see what is behind the walls of a house that they are interested in, so it is necessary that the sellers are honest about the condition of the Home. Follow these tips to help make the disclosure process as easy as possible:

  • One of the first things that a real estate agent will do when selling your home is to give you a Real Estate Disclosure Statement. This statement asks you to disclose items like lead, asbestos, radon and other toxic substances.
  • While the form asks you to disclose issues like lead or radon, it does not require you to test for those substances. It is important to remember that the buyer's lender always has the right to request proof of testing.
  • You are required to fill out the forms yourself. Your real estate professional cannot fill out the forms for you, but they can provide assistance with helping you understand what each item is asking for.
  • It is always best to fill out the form as completely as possible. Putting too much information is always better than not putting enough information. It is also important to remember that while the form has an "I don't know" box, it is best not to check that box unless you really have no idea. Having a home inspection is sometimes the best way to feel confident about filling out the form.
  • Be sure to keep all work orders and reports to share with potential buyers.

If you've never considered the importance of seller disclosures before, consider how you would feel if a seller didn't inform you about major issues with a home that you were Buying. This is one place in the real estate market where trust is crucial.

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The Biggest Turnoffs for Homebuyers

Thursday, May 22, 2014
by Tom Stachler,ABR,CDPE - Group One Realty Team

When you have your Home on the market and you're looking for a buyer, every little detail counts. You need to be aware of the biggest turn-offs for homebuyers so that you don't have to worry that a small detail you've overlooked is scaring off buyers who might otherwise be ready to make a decent offer on your property. A few simple touchups on your home will make a big difference if you've unknowingly left one of the following turn-offs visible to those who come to view your home.

  • Outdated décor features– When was the last time you put some thought into the interior décor of your rooms? Potentials buyers might be making note of the dated look of your home. Even subconsciously, buyers might be put off from making an offer on your home because you need to have your appliances, furniture, or décor modernized.
  • Cluttered interiors– If you've always preferred a comfortable sloppiness in your home, you might want to reconsider while your home is on the market. A cluttered interior can detract from the appeal of your home in a variety of ways. It could make your home look less spacious and less clean. Take a look around. If you can't see a lot of open floor or table space, you might want to put some thought into clearing away the clutter and letting your beautiful property shine through.
  • An unrealistic asking price– Of course, everyone who is trying to sell a home wants to get a good offer that will make their original home purchase a good investment. However, it's important to realize that you might come across as overly demanding if your asking price is something that no one is possibly going to be willing to offer you on your property. If your home has been on the market a while without any offers, try lowering your asking price and see what happens.
  • Overdue maintenance– When you're showing your home, you might assume that simply explaining that a bit of imminent maintenance is needed will be considered an inconsequential detail by would-be buyers. However, they might actually read a lot into the fact that you've been putting off maintenance and become suspicious that the property has not been well maintained throughout your residency.

Once you've remedied the biggest turn-offs for homebuyers mentioned above, you might be presently surprised to receive a long-awaited offer.

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Four Spring Projects to Boost Your Home's Curb Appeal

Tuesday, May 13, 2014
by Tom Stachler,ABR,CDPE - Group One Realty Team

Spring is a great time to get to work on the following four spring projects to boost your Home's curb appeal that can help improve the exterior appearance of your home. The warm weather means that more people will be out and about in your neighborhood, and you might want to put some effort into making your home look presentable from the road- especially if it's currently on the market and you're looking for a buyer.

Consider the following four maintenance projects if you're keen on making your home look great this spring:

  • Implement a landscape design- Unfortunately, many homeowners engage in landscaping efforts as something of an afterthought. Yet if you get started in the spring, you can revolutionize your home's landscaping and make it so that you're home's surroundings grab the attentions of passersby.
  • Make some touch-ups- As time goes on, the paint job on your home will begin to look aged. A great way to drastically change the appearance of your home through one simple home improvement job is to repaint or touch up the paint job on the exterior of your home. You should also consider pressure washing the surface of your home's exterior to prevent infestations of mildew or mold.
  • Fix up your roof- Any flaws on the roof of your home are very noticeable to those viewing the exterior of your home from a distance. Not only do saggy gutters and missing or damaged shingles look bad, but they can also make your home susceptible to the elements. Protect your home from leaks and other water damage caused by an aging roof by fixing up your roof and gutters this spring.
  • Fence off your yard- If there is a fence that marks your yard's boundaries, you should pay attention to how it's looking. A fence that looks old and damaged can give a home a rundown look. A simple paint job or a pressure washing can work wonders in improving the appearance of your fence. Best of all, this job doesn't typically take up much time. Fixing up your fence should be doable in a weekend, but it makes a big difference in the appearance of the exterior of your home.

You're got plenty of time to engage in one or all of these four spring projects to boost your home's curb appeal to make your home look great this summer!

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