House As-Is for Sale: 4 Steps to Get Buyers Interested

House SellingIf ever you’re in a situation where you must immediately sell a property due to some unexpected events, you’ll realize that finding a buyer is not as simple as it may seem. There are many challenges along the way especially because you need to meet a standard to make it likeable to investors.

Fortunately, there are ways to keep buyers interested and here are some of them:

Understand What Should Be Done

Most mortgage lenders require the issuance of structural, health and safety report before they lend money to the borrower. This means you need to provide a document confirming that your house does not violate anything. If there’s any and you choose not to address them, it may limit the number of potential buyers. Apartfrom that, expect that most of them will bargain the price based on its condition.

A Complete Disclosure of the Property

Sellers fail to understand that this type of deal goes way beyond “what you see is what you get.” Based on the state law, the seller must provide a report outlining the complete information about the property. This includes the issues or problems which may or may not be visible. Along with that, the term “as is” must be clearly stated in the report to avoid future legal claims later on.

Get Closer to Your Competitors

Just like you are, there are also many homeowners out there doing the same thing. If you want to get ahead of them, you must know how to go against them. The perfect way to do that is to find out the features which matter most to buyers. When you hire a professional appraiser, tell them up front that you plan on selling your property as is so they can help set the best price for you.

Keep the Property Clean & Tidy

One good way to attract potential buyers is to keep your house neat and organized. There might be several holes in your roof or leaks in the faucets, but cleanliness never fails to impress people. The cleaner and tidier it is the faster you can sell it.

Whether you plan on selling it to agencies that buy houses or not, keeping these hacks in mind can make a big difference to the selling value of your house.

Home Selling: Challenges a Homeowner Should Always Overcome

Home SellingThough the number of house sellers is increasing each day, the motivating factor is that no two transactions are similar. The uniqueness in the home selling transactions makes each day a bright day for a homeowner. Keeping two transactions unique means there are challenges a homeowner has to overcome. One should be aware of the challenges that occur in the home selling business today and the ripe opportunities they hinder.

Handling emotions

What most people have never imagined is that home selling can be an emotional affair. Stress, nervousness, uncertainty and excitement are a handful of the emotions that homeowners go through. If you can master such emotions, you can enjoy what you do and have your peace even when a transaction backfires. As a homeowner, being sure you want to sell your home is a great way of fighting seller’s remorse. Always avoid mixing decisions with emotions.

Deciding the right pricing 

According to Gavish Real Estate, it takes practice and experience to master the science behind home pricing in the real estate world. The thing is, there is no sure way to know the selling price a home may fetch. The consequences you may experience when you overprice a home are devastating. One should be careful about the price that a home enters a market at.

An overpriced home may not receive many market showings and inquiries. Most buyers begin suspecting something is wrong with any home that sits on the market for a long time. If things get complicated and you can't find a buyer, don't hesitate to get some professional help. 

Ensuring the home is ready to sell

Knowing what house to sell is one thing and preparing it for sale is another thing. Getting a home ready to sell incorporates a lot of activities. One may need to fix, replace or repair some items and appliances before listing a home. Plumbing problems, roof leaks, and peeling paint are some of the issues a homeowner may need to fix properly before selling a home. Removing wallpaper, replacing outdated fixtures, and painting the exterior and interior are easy and budget-friendly improvements that lead to a quicker sale.

Those who assume that selling houses in the real estate industry is a simple task should be prepared to overcome certain challenges. Failure to overcome such issues may take you long before you sell a property. 

2016: Now is a Good Time to Sell Your Home

Real Estate Listing Agent

Real Estate Listing AgentFor people who wish to sell their homes, predicting the property market seems impossible. Even psychics and fortune tellers don’t always know what the future holds for the industry — but you can make predictions based on what happened in the past few years.

And it seems this year, 2016, is a perfect time to sell your home, according to both regular and flat fee realtors.

Increasing Demand, Decreasing Mortgage Rates

For starters, demand for homes has increased in recent years even if house values continue to climb up across the United States. Mortgage rates are reaching historic lows as well, making mortgages more affordable for potential buyers.

This year is also an election year in the US. There are talks that interest rates will rise even higher as well as compared to the numbers in December 2015 — the first time interest rates increased since 2006.

Home Purchase Sentiment Index

This improving financial picture drove many property owners to believe that 2016 is a perfect time for home selling, according to the latest Home Purchase Sentiment Index by Fannie Mae.

According to the survey, the number of property sellers who had higher incomes rose to 9 percent in December 2015. The increase occurred, thanks in part to consumers’ income increase, coupled with a 3 percent increase in job security confidence, as well as a 4 percent increase in the belief that now is a good time to sell a home.

PSP Strategy for Home Selling

With that, 2016 truly is a perfect time for a home sale. Before you take advantage of this upswing in seller confidence and start listing your home, however, it still pays to use the PSP strategy for home selling.

The PSP strategy involves effective pricing, staging, and promoting. With all other things equal, a well-priced home will sell faster than an underpriced or overpriced home. Get the help of a real estate listing agent to help price your home realistically. It’s also important to stage your property so that it appeals to the majority of buyers, then promote it through word-of-mouth or through a real estate agent.

No one knows for sure when the best time to sell a home is, but it seems it’s worth considering to put your home on the market this 2016.