Let's face it – selling a home in a buyer's market is far from ideal. In this scenario, a home seller likely will compete with many property sellers to promote his or her residence. And despite a home seller's best efforts, there are no guarantees that he or she will be able to maximize the value of a residence.
A buyer's market often is a dream come true for property buyers and a worst nightmare for property sellers. Lucky for you, we're here to help you navigate a buyer's market and ensure you can get the best price for your home.
Now, let's take a look at three tips that every home seller who is operating in a buyer's market needs to know.
1. Complete a Home Appraisal
A home appraisal offers a valuable opportunity for a home seller because it enables this individual to identify a property's strengths and weaknesses. That way, a home seller can find the best ways to enhance a residence and help it stand out from other available properties.
Typically, a home appraiser will inspect a residence both inside and out. After the evaluation is completed, the home appraiser will provide a home seller with a report that describes problem areas that were identified during the assessment.
A home appraisal report can make a world of difference for a home seller, particularly in a buyer's market. With this report in hand, a home seller can work toward enhancing a house's interior and exterior.
2. Establish a Competitive Price for Your Residence
What you paid for your home a few years is unlikely to match the value of your house today. Meanwhile, a home seller should set a competitive price for a residence to ensure that his or her house stirs up plenty of interest from homebuyers.
To determine a competitive price, examine the prices of comparable homes that are currently available in your area. This will help you establish a price range for houses similar to your own.
Furthermore, check out the prices of recently sold homes in your city or town. This housing market data can help you make an informed decision about how to price your residence.
3. Work with an Experienced Real Estate Agent
An experienced real estate agent is unafraid to list a home in a buyer's market. In fact, this housing market professional knows exactly what it takes to sell a residence in any real estate market, at any time.
Thanks to an experienced real estate agent, you can streamline the home selling process. This real estate professional will showcase your house to the right groups of property buyers consistently. He or she also will set up home showings and open houses, negotiate with property buyers on your behalf and do everything possible to help you optimize the value of your residence.
Take the guesswork out of selling a home in a buyer's market. Use these tips, and you can keep things simple as you sell your residence.
Curb appeal, the illusive secret weapon that enamors potential buyers from afar and draws them into your home. There have been several attempts to nail down the “secret formula” for curb appeal.
In reality, the best approach to improving your home’s presentation from outside is to take the time to consider what fits.
In this post, we’ll give you some budget ideas to help you find the curb appeal boosters that will match with your home.
1. Fresh paint
One well-known curb appeal strategy is to repaint some of the notable components of the outside of your home. The places that have to most impact?
Front door - a front door that pops, but that also fits with the style of your home and complements its main color will make your home stand out from the neighbors.
Shutters - repainting your shutters is another inexpensive area to add some color to your home. However, be wary of choosing bright colors for your shutters if they’re going to clash with or disrupt the overall style of your home.
Mailbox - a neglected, dented, and a dirty mailbox is a huge turn off for potential buyers. Buying a new one, or adding a fresh coat of paint to your old one that matches one of the highlight colors of your home, can be a great way to add a sense of continuity to the exterior of your house.
2. Sparse decorations
Just like the inside of your home, less is often more when it comes to decoration. There are a number of things to add to your yard that will improve its overall presentation. But, just be sure that it doesn’t appear out of place or tacky. A single, small, and brightly colored bird house in a tree is usually a safe bet.
3. Simple landscaping
There’s no need to hire contractors for elaborate landscaping or to purchase expensive plants and shrubbery. A well-manicured yard is enough to make your home stand out. And, remember that potential buyers will most likely be looking for a home that is low-maintenance. A simple lawn and walkway say just that.
Also be sure to trim and prune your current trees, bushes, and flowerbeds. You might find that a cleanup is all they needed to be impressive once more.
4. Pressure washing
Most of us grow accustomed to how our home looks and might not notice the accumulation of dirt on the siding. By hiring or renting a pressure washer for a day, you’ll be able to update a number of aspects of curb appeal. From siding and decks to walkways and driveways, you can cover a lot of square footage with a pressure washer.
One note on pressure washers: the better ones can be dangerous. That means hiring a professional could help get the best results for your money. Also, while you can buy a pressure washer, you might find that for the amount you use it, it’s easier just to hire or rent every few years.
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Once you have moved into a new home the first thing you might want to do is paint the walls. After the paint dries, however, you’re left with bare walls. You’ll need to find some great pieces to fill up that wall space. You don’t want to choose just anything to hang on your walls. Here’s some tips to help you find the perfect artwork for your home.
Find What You Love
You shouldn’t base your art purchases solely on value. If you like something and it inspires you, you should buy it! Anything that you will enjoy looking at in your home each day should be a part of it.
There’s More Than One Kind Of Art
You don’t need to fill wall space with all pictures or paintings. You can choose from a variety of types of artwork. From sculptures to photographs to canvas art, by using a variety of pieces, you’ll add layers of depth to every room of your home.
There’s so many places to buy art. From local shops and vendors to wider selections in common retail stores, there’s plenty of art to choose from. Find pieces to help you express yourself and keep good vibes flowing throughout your home.
Find The Right Size
You’ll need to measure the dimensions of your walls and bring a photo of the room you’re trying to decorate with you to the art stores. This will make it easier to help you envision what the art will look like in your home.
Keyword: Focal Point
The most important thing to determine in decorating any room is to find the focal point. You will either need to find a central piece for the room, or find some pieces to complement what’s already there. The design elements of the room need to be spaced accordingly in order to help you avoid a cluttered room.
What’s Your Color Scheme?
You may want to choose your art based on its “wow” factor. Everything has a color within a room, and this will be one element in choosing your artwork as well. You’ll need to think of everything from the wall color to the throw pillows. Art that is within the same shades of the room can work well, but sometimes you need something that gives the room a bit more “pop.”
What’s In The Picture?
You don’t want to buy a picture of a palm tree if the room has a country theme! Consider the theme and mood of a piece of art in order to have it complement your room.
Most of all, shopping for art should be fun! Find pieces you love. You can even use what you already have. As long as it inspires you and won’t add clutter, you should keep the art in your home.
When you are looking to arrange your living room, there’s a few tips that you need to adhere to in order for it to be a well-functioning, flowing room.
Arrange The Room So Face-To-face Conversation Is Possible
You should place the seating so that when people are filled in the room, everyone is able to participate in the conversation. If seats face each other over a coffee table or an ottoman, it keeps drinks and appetizers within reach when company comes, creating the perfect setting for conversation.
There’s many different apps and websites that you can use to plan your furniture arrangements ahead of time. There’s nothing worse than moving furniture once, only to have to move it again to get it in just the right spot. Changing up your living room will be much easier if you have a plan in place.
Divide The Room Up Using Furniture
If you have a home with an open floor plan, divide your spaces into separate parts using your furniture. Face your sofa towards the living room, with its back to the dining room in order to create a separation of the two rooms with a stylish flair. If conversations are going on in both rooms, it will also help to divide them up.
No Sofa? No Problem
If you don’t have the space for a sofa, or don’t want one, use your comfy chairs in a strategic way. Set four chairs in a way that will suit the room. There’ll be plenty of seating available for everyone, even in a small room. The room may even seem more open than if you had a sofa.
The TV And The Fireplace Can Coexist
If you have both a TV and a fireplace, there’s a few different arrangement strategies that you can use to make both pieces look good in a room. You may place the television over the fireplace for a dual look. The best strategy to use is perhaps to place each on opposite walls of the room. Then, arrange seating accordingly so that there’s some chairs facing the fireplace and some facing the television. In the offseason for the fireplace, you can move the seating accordingly.
A Rug Makes The Room
You can easily put the room all together by placing a rug in the center of the room. These area rugs help to group a space, denoting that it’s all the same area. Try to choose a rug that’s large enough to contain all of the seating pieces.