American Eagle Realty's Blog
If you want to enjoy a successful home selling experience, it generally is helpful to establish a competitive initial asking price for your residence. With an aggressive price, you can stir up lots of interest in your home. As a result, you can increase the likelihood of a fast home sale.
Now, let's take a look at three tips to help you set a competitive initial asking price for your house.
1. Conduct a Home Appraisal
A home appraisal enables you to receive a property valuation. Then, you can use this valuation to determine how to price your house.
In addition, it often is beneficial to conduct a home inspection prior to listing a residence. An inspection allows you to receive insights into any home problems. Once you have a home inspection report in hand, you can prioritize house repairs and upgrades, improve your home and get the best price for your residence.
2. Evaluate the Local Housing Market
Take a look at the prices of available houses in your city or town that are similar to your residence. By doing so, you can establish a price range for comparable homes and use this information to decide how much to ask for your house.
Also, you may want to take a look at the prices of recently sold houses in your area and find out how long these residences were available before they sold. This housing market data can help you differentiate between a buyer's and seller's market.
3. Consult with a Real Estate Agent
Pricing a home can be difficult, particularly for those who are listing a residence for the first time. If you work with a real estate agent, however, you can receive in-depth house selling insights and ensure you are better equipped than other sellers to optimize your home sale profits.
A real estate agent is happy to help you set an initial asking price for your home that hits the mark with buyers. He or she first will learn about you and your home and create a custom property selling strategy. Next, a real estate agent will help you prepare your residence for the real estate market. And when you're ready to sell your house, a real estate agent will add your residence to the local housing market and promote your home to buyers.
Of course, a real estate agent provides lots of assistance throughout the home selling journey too. A real estate agent will offer honest, unbiased recommendations at each stage of the home selling journey. Best of all, he or she will respond to any of your home selling concerns and queries.
As you get set to enter the real estate market, you should consider how to price your residence. Thanks to the aforementioned tips, you can set a competitive initial asking price for your home. That way, you can generate significant interest in your house as soon as it becomes available.
For home sellers, it may be easy to fall into the trap of overpricing your property. And if you're not careful, you may encounter a number of price-related problems, including:
1. Homebuyers will shy away from your house.
Homebuyers want to find high-quality and affordable residences that they can enjoy for years to come. However, if you overprice your house, you risk alienating large groups of homebuyers instantly.
Price represents a key factor for homebuyers, and as such, you'll want to offer a price that matches homebuyers' expectations and budgets. If you assess the real estate market closely, you should have no trouble establishing a fair price for your home.
For example, home sellers can compare and contrast their houses with residences that currently are listed on the housing market. By doing so, home sellers can evaluate the prices of comparable houses and set prices for their houses based on the current real estate market's conditions.
2. Your home may remain on the real estate market for an extended period of time.
Overpriced homes frequently take longer to sell than other residences. This means your house may linger on the real estate market for months, weeks or years if you fail to price it appropriately.
When it comes to pricing your home, you'll want to make a great first impression on homebuyers. Ultimately, if you establish a fair price from the get-go, you can accelerate the home selling process.
It also is important to note that homebuyers frequently can sense desperation. And the longer your home remains on the market, the more likely it becomes that a homebuyer may assume that a home seller is desperate to get rid of a property. Thus, you might wind up receiving offers far below your initial expectations if you overprice your house.
On the other hand, if you price your house aggressively, you can boost your chances of generating plenty of interest in your residence and receiving multiple offers that meet or exceed your expectations.
3. Your home will be difficult to promote.
There are many great features that help you home stand apart from others. Conversely, an above-average price will hurt your chances to differentiate your home in any real estate market and detract from your real estate agent's ability to promote your house.
For home sellers, it is crucial to listen to your real estate agent. This professional understands what it takes to promote a house and will be able to offer pricing recommendations based on the current housing market. Furthermore, your real estate agent has your best interests in mind and will do everything possible to help you optimize the value of your house.
Work with an experienced real estate agent to ensure you can determine the ideal price for your home – you'll be glad you did. With a real estate agent at your side, you can set a fair price for your residence and move one step closer to selling your residence.
If you find your dream house, there is no need to leave anything to chance. But if you submit a "lowball" homebuying proposal, you risk missing out on the opportunity to acquire your ideal residence.
Putting together a competitive offer to purchase can be easy. Now, let's take a look at three tips to help you craft an aggressive homebuying proposal.
1. Study the Housing Market
The housing market fluctuates constantly. If the real estate market favors buyers today, it may shift into sellers' favor tomorrow, or vice-versa. As such, you should study the housing market, determine whether it favors buyers or sellers and craft a homebuying proposal accordingly.
Oftentimes, it helps to look at the prices of recently sold houses in your area, as well as how long these homes were listed before they sold. With this housing market data in hand, you may be better equipped than ever before to differentiate a buyer's market from a seller's market. And as a result, you can boost the likelihood of submitting a competitive homebuying proposal.
2. Know Your Budget
If you know how much you can spend on a house, you can minimize the risk of submitting an offer to purchase that stretches beyond your financial limits.
To establish a homebuying budget, it generally is a good idea to get pre-approved for a mortgage. Banks and credit unions can teach you everything you need to know about different mortgage options and help you select the right mortgage. Plus, if you have any questions as you evaluate your mortgage options, banks and credit unions are happy to respond to your home financing queries.
3. Collaborate with a Real Estate Agent
If you hire a real estate agent, you can submit a competitive offer to purchase on any house. In fact, a real estate agent can offer in-depth housing market insights to help you put together an aggressive homebuying proposal that may receive an instant "Yes" from a seller.
A real estate agent is a homebuying expert who understands what it takes to purchase a home in any housing market. He or she first will meet with you, learn about you and your homebuying goals and create a personalized property buying strategy. Next, a real estate agent will help you pursue houses in your preferred cities and towns until you find one that matches your expectations. And after you discover your ideal residence, a real estate agent will make it simple for you to submit an offer to purchase that fulfills the needs of all parties involved.
Of course, if your offer to purchase your dream home is accepted, a real estate agent will guide you through the final steps of the homebuying process. Or, if your homebuying proposal is rejected, a real estate agent will help you reenter the housing market.
Avoid the danger of submitting a lowball offer to purchase your dream house – use the aforementioned tips, and you can craft a competitive homebuying proposal and move one step closer to acquiring your ideal home.
If you want to accomplish your desired results during the home selling journey, you should strive to host lots of showings. Fortunately, we're here to help you prepare for home showings and ensure you are ready to host showings at any time.
Now, let's take a look at three tips to help you prepare for a home showing.
1. Keep Your Home Neat and Tidy
Let's face it – maintaining a pristine home can be difficult. But if you allocate time and energy to perform various home maintenance tasks daily, you can keep your home show-ready.
Cleaning up after yourself can make a world of difference. For instance, wiping down kitchen countertops after cooking a meal enables you to avoid a long, arduous kitchen clean-up at a later time.
You also may want to create a home cleaning schedule. By planning daily or weekly chores like vacuuming the rugs or cleaning the bathroom, you can ensure your house will look great at all times.
2. Be Flexible
If a homebuyer submits a last-minute request for a home showing, it generally is a good idea to try to accommodate the buyer's request. By doing so, you can show your home to many prospective buyers and increase the likelihood of receiving an offer to purchase.
A flexible home seller usually is a successful home seller. Therefore, if a buyer wants to view your home, it is important to remember that each showing brings you one step closer to selling your residence.
Ultimately, if you maintain flexibility, you can make it easy for dozens of potential buyers to view your residence. And as a result, you may be able to accelerate the home selling process.
3. Eliminate Clutter
Clutter is something that all home sellers can live without. Because if a home is filled with clutter, it may be tough for prospective buyers to appreciate the full size and beauty of a residence.
For home sellers, it is important to remove clutter immediately. A home seller can rent a storage unit to hold excess items until his or her residence sells. Or, it may be beneficial to host a yard sale or list excess items online to cut down on clutter.
As you prepare to sell your home, you may want to hire a real estate agent as well. In fact, a real estate agent will do everything possible to help you achieve the optimal results during any home showing.
Typically, a real estate agent will offer recommendations and tips to help you prepare your residence for the housing market. If you receive a request to view your home, a real estate agent will notify you accordingly. And after a home showing is complete, a real estate agent will provide you with unbiased feedback to ensure you can update your property selling strategy as needed.
Ready to host a home showing? Use the aforementioned tips, and you can get ready to showcase your residence to potential buyers and bolster your chances of enjoying a fast, profitable house selling experience.
For some people, caring for the lawn is a tedious, but necessary chore. For others, it’s a quiet way to enjoy the outdoors on the weekends.
Regardless of your feelings on lawn care, it’s important if you want your grass to look green throughout the warm months.
There’s a lot more to lawn care, however, than simply mowing and pulling weeds. In this article, we’re going to focus on one factor in particular: soil quality.
How can you ensure your grass remains well-fed and watered during those hot summer months? The answer is underground, in your yard’s topsoil.
Read on for tips on caring for your soil.
Salvaging your soil
Most people don’t have the time or money to remove their entire lawn and start from scratch with seeding or turf. So, how can you begin to help your soil now?
There are several ways to improve soil quality to encourage grass growth. Let’s start with the consistency.
Regardless of whether your soil is more sand, silt, or clay-based it can become compacted throughout the years. Compacted soil makes it difficult for roots to take hold and to reach vital nutrients.
Furthermore, when soil compacts it often builds a layer of debris on the top called thatch. A small amount of thatch isn’t a bad thing. It can help build your grass’s resiliency to impact, namely the feet of your pets or children when they’re playing in the yard. However, if you have too much thatch, it can create barriers to new growth.
There are two ways to manage thatch effectively: remove and prevention. To prevent the buildup of thatch, avoid mixing too much fertilizer and clippings into your lawn. While clippings and fertilizer are both useful ways to improve the quality of your soil and protect your grass, too much can be suffocating to the lawn.
Removing thatch is more difficult than prevention, but you can achieve it will a vertical mower, as well as by raking and collecting trimmings when necessary.
Why acidity matters
In the same way that we need proper nutrients to maintain or health, grass needs the right fertilizer and pH level to grow. Acidity levels range from 0 to 14, with 0 being the most acidic (things like battery acid, lemon juice, and vinegar are all acidic), and 14 being the most alkaline (things like lye and ammonia).
A good pH for grass varies depending on the type of grass you have in your lawn, but a base level would be 6.5 or slightly acidic.
To test your soil pH, you can purchase a kit online or you can send a sample to a lab and they will report back to you. Once you know the pH of your soil, you can find the right type of fertilizer.
Choosing a fertilizer can seem difficult, but there are a few main things you’re looking for. Nitrogen, phosphorous, and potassium are the three main nutrients required by most plant life, and they are the top three ingredients in most fertilizer. There are, however several “micronutrients” that grasses need as well. These include copper, iron, boron, and zinc.
Follow the instructions on the formula you choose. Over-fertilizing your soil can cause harm. You might notice that the tips of the soil like “burnt” or that the blades turn yellowish. This is a good sign that you’re applying too much fertilizer.