Category Archives for "Selling Tips"

Is Your Home the One Buyers Want?

Boost your home’s sales appeal by adding key amenities and playing up hot features.

When it comes time to sell your home, whether you’ve lived there for three years or 30, you need to see it as a product for sale. And just like an item on a store shelf, you want your home to stand out from the competition.

Of course, your feelings and emotions about your home — and all of the memories you made there — may make it difficult to detach and view your home as a product. But sellers who quickly transition away from the emotional connection and into investment mode will reap the financial benefits many times over. Homes that go into contract quicker and with few (if any) price reductions ultimately sell for more money. And isn’t that every seller’s goal?

5-common-housing-loan-mistakes-to-avoid

What’s on buyers’ wish lists

Homes that sell quickly probably have many of the features today’s buyers find desirable. Smart retailers try to understand better what consumers want, and then deliver to them. Home sellers should do the same.

When you’re preparing to sell your home, consider small renovations, updates, cleaning and even some light staging. I’ve seen sellers make significant upgrades to their home before listing, leaving them to question if they actually want to move.

Today’s buyers look for move-in ready and turn-key homes. The more bells and whistles, the better.

Reverse Mortgage Pros And Cons

Focus on kitchens and baths

It’s a pretty well-established fact that kitchens and baths sell a home. If your kitchen or bathroom is tired or outdated, consider modest upgrades that pack a punch.

Painting cabinets white gives the kitchen a clean and fresh look. Consider new stone countertops like quartz or granite. And replace old faucets with shiny new ones.

Spending a modest sum can reap incredible benefits — tenfold.

Buying Property Overseas: Do-It-Yourself or Find An Agent?

If you’ve got it, flaunt it

Research shows that certain features help sell a home faster. Even if you don’t have time for renovations, you might luck out and already have some of the items on buyers’ wish lists.

For example, subway tiles in the kitchen or bathroom, barn doors, and craftsman features are proven to help homes sell faster. If your home has these, play them up, because today’s buyers want them.

Just like companies figure out the next hot car, handbag or shoe for their respective industries, smart home sellers must know their audience and market their product to meet customer demand.

When it comes time to sell, consider your buyer, and try hard to make your home into a top-notch product.

Source: WMAPROPERTY

It’s not about property ownership it’s about control! To get more details, visit 👉 Property Millionaire Intensive

Winning Tips for Buyers and Sellers in Sellers’ Markets

For sellers, success is all about managing the offers, while buyers must strategize and be prepared to compete.

In a market with limited inventory and lots of willing and able buyers, we find a hot sellers’ market. Phrases such as “bidding wars” and “non-contingent offers” are music to sellers’ ears — and enough to scare a buyer into renting for another year. Here are some tips to make the most of a sale or purchase in a sellers’ market.

Sellers still need to make the effort

Just because it’s a sellers’ market doesn’t mean that the traditional real estate rules get thrown out the door. Sellers still must put their best foot forward in order to get top dollar and complete a timely sale. The well-priced homes that show in their best condition will sell instantly in a sellers’ market.

If you price your home higher than the comparable sales or you don’t put in the right effort to make the house show well, you may not get the most mon

Buyers will always flock to the well-priced homes that show well — period.

Dealing with multiple offers

If you have the luxury of multiple buyers making offers, choose the best buyer right out of the gate. How can you tell who that is? The best buyer is the one who is most experienced in the market, is working with a local agent, has their loan lined up, and makes the most aggressive offer, soon after you list. Often they are the first buyer in the door.

Also get a backup offer (or two) lined up and in writing when you accept the first offer. The last thing you want is to have to go back on the market. It signals that there could be something wrong with your home. And once you’ve lost that initial momentum, it’s hard to recoup it when you go back on the market.

Buyers need to plan and strategize to win in a sellers’ market

There is nothing more frustrating than being a buyer in a sellers’ market. A buyer who wants to purchase, has their financing lined up, and has done their research may be unable to do so. This is frustrating, and there is little they can do but wait for inventory and have their ducks in a row.

Don’t wait around

The early bird approach works in real estate. Once a good listing hits the market, the interested buyer should see it instantly. If it comes on the market on a Wednesday, don’t wait for the open house. A more aggressive buyer will see it Thursday morning and make an offer within hours. Come Sunday you will be disappointed.

Invest the time

Buying a home requires lots of time and energy. You need a good agent on your side and a serious investment in time to watch the market and see homes quickly.

If you like a home, move fast with an offer, and make it a strong one — not just in price, but also in terms. Knowing that you may face other buyers, find out what is important to the seller. Maybe they want a quick close, or they need time to find a home. Structure your offer to meet their needs.

Make a good first impression and a strong offer

The first buyer is nearly always the best buyer. By moving quickly, these buyers show sellers they mean business.

If you want to submit an offer, make your contingencies and timeframes swift, and take as much risk as possible off the table for the seller. If you need to inspect the property and have an appraisal, get those done within days of getting into contract, not weeks. If you are aggressive, have the home inspected prior to submitting the offer. Inspections pose the biggest risk or uncertainty in the eyes of the seller. If you inspect before you make the offer, you can make your offer not contingent on inspections.

Loans take longer today than they did 10 years ago. When obtaining financing, work closely with your mortgage professional well in advance. Submit a full file and understand what is needed. The more complete your file, the quicker the loan will close. If you need to ask the seller for a month for a financing contingency, you won’t be able to compete with someone who can do it in half the time, simply because they planned better.

Know before you go

Part of what makes a buyer successful in a sellers’ market is being aware from the outset what they are in for, and then planning accordingly. If you find yourself being beat out by other buyers or too late to the game, you simply may not be ready to buy. Think long and hard about your personal and financial situation, and take a step back if you aren’t prepared to compete.

Source: WMAPROPERTY

It’s not about property ownership it’s about control! To get more details, visit 👉 Property Millionaire Intensive

Selling Your House? Avoid These Mistakes

Selling your home – especially if you’ve never done it before – can be surprisingly time-consuming and emotionally challenging. Strangers will come into your home and poke around in your closets and cabinets. They will criticize a place that has probably become more than just four walls and a roof to you, and then, to top it all off, they will offer you less money than you think your home is worth. With no experience and a complex, emotional transaction on your hands, it’s easy for first-time homesellers to make lots of mistakes, but with a little know-how, many of these pitfalls can be avoided altogether.

Read on to find out how you can get the highest possible price for your home within a reasonable time frame – without losing your mind.

Mistake No.1 – Getting Emotionally Involved

Once you decide to sell your home, it can be helpful to start thinking of yourself as a businessperson and a homeseller rather than as the home’s owner. By looking at the transaction from a purely financial perspective, you’ll distance yourself from the emotional aspects of selling the property that you’ve undoubtedly created many memories in.

Also, try to remember how you felt when you were shopping for that home. Most buyers will also be in an emotional state. If you can remember that you are selling not just a piece of property but also an image, a dream and a lifestyle, you’ll be more likely to put in the extra effort of staging and perhaps some minor remodeling to get top dollar for your home. These changes in appearance will not only help the sales price, they’ll also help you create that emotional distance because the home will look less familiar.

Mistake No.2 – Not Hiring an Agent

Although real estate agents command a hefty commission (usually 5-6% of the sale price of your home), trying to sell your home on your own, especially if you haven’t done it before, is probably ill advised. A good agent will help you set a fair and competitive selling price for your home that will increase your odds of a quick sale. An agent can also help take some of the high emotion out of the process by interacting directly with potential buyers so you don’t have to, and eliminating tire kickers who only want to look at your property but have no intention of putting in an offer.

An agent will also have more experience negotiating home sales than you do, potentially helping you get more money than you could on your own. Further, if any problems crop up during the process – and they commonly do – an experienced professional will be there to handle them for you. Finally, agents are familiar with all the paperwork and pitfalls involved in real estate transactions and can help make sure the process goes smoothly.

Mistake No.3 – Assuming You Must Hire an Agent

On the other hand, some people do manage to sell their homes themselves. You’ll need to do your own research on recently sold properties in your area and properties currently on the market to determine an attractive selling price, keeping in mind that most home prices have an agent’s commission factored in and you may have to discount your price as a result. You’ll be responsible for your own marketing, so you’ll want to make sure to get your home on the Multiple Listing Service (MLS) in your geographic area to reach the widest possible number of buyers. This costs about $300. You’ll also be the one showing the house and negotiating the sale with the buyer’s agent, which can be time-consuming, stressful and emotional for some people.

If you’re forgoing an agent, consider hiring a real estate attorney to help you with the finer points of the transaction and escrow. Even with attorney’s fees, though, selling a home yourself can save you thousands. Keep in mind, however, that the buyer’s agent will expect to be compensated, so you won’t be able to save the entire commission, as you’ll need to pay 1-3% of the home’s sale price to the buyer’s agent.

Mistake No.4 – Setting an Unrealistic Price

Whether you’re working with an agent or going it alone, setting the right asking price is key. Remember the comparable market analysis you did when you bought a home to figure out a fair offering price? Buyers will do this for your home, too, so as a seller you should be one step ahead of the game.

Absent a housing bubble, overpriced homes do not sell. Don’t worry too much about setting a price that’s on the low side because, in theory, this will generate multiple offers and bid the price up to the home’s true market value. In fact, underpricing your home a bit can actually be a strategy to generate extra interest in your listing.

property-asking-price

Mistake No.5 – Expecting To Get Your Asking Price

Any smart buyer will negotiate, and if you want to complete the sale, you’ll have to play the game. Most people want to list their homes at a price that will attract buyers while still leaving some breathing room for negotiations. This will allow the buyer to feel like he or she is getting a good value and allow you to get the amount of money you need from the sale. Of course, whether you end up with more or less than your asking price will likely depend on whether you’re in a buyer’s market or a seller’s market and on how well you have staged your home.

Mistake No.6 – Selling in Winter (When You Have the Option Not To)

Winter, especially around the holidays, is typically a slow time of year for home sales. People are busy with social engagements and the cold weather makes it more appealing to just stay home. Because fewer buyers are likely to be looking, it may take longer to sell your home and you may not get as much money. However, you can take some consolation in knowing that while there may not be as many active buyers, there also won’t be as many competing sellers.

Mistake No.7 – Skimping on Listing Photos

So many buyers look for homes online these days and so many of those homes have photos that you’ll be doing yourself a real disservice if you don’t offer photos as well. At the same time, there are so many poor photos of homes for sale that if you do a good job, it will set your listing apart and help generate extra interest. Good photos should be crisp and clear, should taken during the day when there is plenty of natural light available, and should showcase your home’s best assets. Consider using a wide-angle lens if possible – this will allow you to give potential buyers a better idea of what entire rooms look like.

Mistake No.8 – Not Being Properly Insured

With the above-average number of people who will be on your property, you want to make sure you are insured in case someone has an accident on the premises and tries to sue you for damages. You also want to make sure that there are not any obvious hazards at the property or that you take steps to mitigate them (keeping the children of potential buyers away from your pool and getting your dogs out of the house during showings, for example).

Mistake No.9 – Trying to Hide Significant Problems

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Any problem with the property will be uncovered during the buyer’s inspection, so there’s no use hiding it. Either fix the problem ahead of time, price the property below market value to account for the problem, or list the property at a normal price but offer the buyer a credit to fix the problem. Realize that if you don’t fix the problem in advance, you may turn away a fair number of buyers who want a turnkey home. Having your home inspected before listing it is a good idea if you want to avoid costly surprises once the home is under contract.

Mistake No.10 – Not Preparing Your Home for Sale

Sellers who do not clean and stage their homes are throwing money down the drain. If you can’t afford to hire a professional, that’s OK – there are many things you can do on your own. Failing to do these things will not only reduce your sale price, but may also prevent you from getting a sale at all. For example, if you haven’t attended to minor issues like a broken doorknob, a potential buyer may wonder whether the house has larger, costlier issues that haven’t been addressed. Have a friend or agent with a fresh pair of eyes point out areas of your home that need work – because of your familiarity with the home, you may have become immune to its trouble spots. Decluttering, cleaning thoroughly, putting a fresh coat of paint on the walls and getting rid of any odors will also help you make a good impression on buyers.

Mistake No.11 – Not Accommodating Potential Buyers

If someone wants to view your house, you need to accommodate this person, even if it is inconvenient for you. And yes, you have to clean and declutter the house before every single visit. A buyer won’t know and won’t care if your house was clean last week if it isn’t clean when he or she views it. It’s a lot of work, but stay focused on the prize.

Mistake No.12 – Signing a Purchase Contract With an Unqualified Buyer

It’s more than reasonable to expect a buyer to bring a pre-approval letter from a mortgage lender (or proof of funds for cash purchases) showing that he or she has the money to buy the home. Signing a contract with a buyer whose purchase of your home is contingent on the sale of his or her own property may also put you in a serious bind if you need to close by a particular date.

Conclusion

Even if you do all of these things when selling your home, it’s best to prepare mentally and financially for less-than-ideal scenarios. The house may sit on the market for far longer than you expect, especially in a declining market. If you can’t find a buyer in time, you may end up trying to pay two mortgages, having to rent your home out until you can find a buyer, or in dire situations, in foreclosure. However, if you avoid the costly mistakes listed here, it will go a long way toward helping you put your best foot forward and achieving that seamless, lucrative sale every homeseller hopes for.

Source: WMAPROPERTY

It’s not about property ownership it’s about control! To get more details, visit 👉 Property Millionaire Intensive

5 Home Remodels That Increase Resale Price

If you’re considering improvements to your home this winter, first consider which will pay the most back when you sell the home down the road. Remodeling Magazine recently released its 2015 Cost vs. Value Report, which outlines the 35 most popular home additions, remodels and replacements in 101 U.S. cities. Its recommendations will help you determine which projects will yield the greatest return on your home improvement investment:

1) Front door replacement

One of the most surprising replacements topping the list was steel entry doors. Homeowners who replaced their existing wood entry doors with steel saw a 101.8% return on investment during resale. Steel doors can be made hollow or solid, as well as soundproof and fireproof. They also come in a range of colors in addition to the default silver, which can be matched to any color scheme in a variety of paint grades.

2) Installing manufactured stone veneer

A new addition to the Cost vs. Value list this year is manufactured stone veneer, which yielded a 92.2% return on investment. Stone veneer mimics the look of natural stone or brick for a fraction of the cost. It is useful in many areas of the home and can be used to treat siding, fireplace mantels and bathtub enclosures, among other things. It is most often used in the fabrication of siding or fireplace overlays to create an old-fashioned masonry appearance.

3) Replacing the garage door

Homeowners also saw a high return on investment when they replaced their garage doors. Garage door replacements yielded an 88.4% return on investment, up more than 4% from last year. Replacement increases the value of the home from a curb appeal perspective — especially if the doors are upgraded from manual to automatic. Options to choose from include doors made of wood, metal, glass or plastic. Doors also come in a variety of designs and colors, which can be matched to the garage and home exterior. The average national cost for a new garage door is $1,100.

4) Replacing the siding

Sellers who replaced old siding with new vinyl siding saw an 80.7% return on their investment, according to this year’s data. The cost to install siding varies, but it can make or break a sale. If siding looks dilapidated or is peeling off, it significantly decreases the offer a buyer will make on the home. Vinyl siding mimics the look of wooden clapboard and varies in thickness, which allows for higher resistance, flexibility and durability.

5) Adding a deck

A new deck, while a major landscape addition, will certainly attract buyers. Wood deck additions yielded homeowners an 80.5% return on investment. The average cost of building a deck is $7,800, depending on materials and square footage. Wood deck additions have the combined ability to allow for additional entertaining or relaxation space while blending in well with the natural landscape of the backyard. Depending on their size and material, they can hold grills, tables, chairs, a hot tub or sauna, and potted plants.

The Bottom Line

Every improvement that is done to your home presents an opportunity to reap a return on investment. A homeowner who remembers that resale of his or her home is a possibility will keep these tips in mind to ensure not only that these improvements yield satisfaction and comfort at the present time, but that, in the event that the home is sold, the effort to add value to the house was a profitable move.

Source: WMAPROPERTY

It’s not about property ownership it’s about control! To get more details, visit 👉 Property Millionaire Intensive

5 Ways To Sell Your Home Fast

When the time comes to home selling, its quite headache for many seller. Selling your property isn’t as easy as you think, you will need to check on the current property market and decide the housing price and you will also need to check on whether how many profits you can get while your property is sold out and many others problems and matters are waiting for you to solved.

Besides, its quite difficult should you have no any experiences in home selling. While for the experienced seller, apparently they are mastered in negotiation skill so they can make the selling process goes smooth and quickly. So how you going to do if you are new seller, you have no negotiation skill that as good as the experienced seller. No more worries! Today, we share with you the 5 ways to sell your home fast which come out from an author’s experiences and these ways are usually works even you are new seller;

Post a Video

1. Post a Video Love Letter About Your Home on The Internet

Get your hands on a cheap digital camera and film the entire place. Make a cute short film showing the doorways, alleys, rooms, terrace, lawn, window view and et cetera from the house.

Make it extra special by adding clippings of the neighborhood as well; your favorite bakery, park, or the library in your block that you visit frequently.

Tweak the video and post it up along with important contact info and other credentials on YouTube, your Facebook profile and other social media channels. Interested buyers will be streaming in in no time!

Our thought ⇝ Its quite a good idea for selling your home fast through a video as it can gives the buyers the clearer picture of your house looking. By doing this, you have to make sure that you are using a HD camera as well as check on the light condition while filming your house area. Another tips here, if your home have any beautiful lightning features, you may film its area at night. It can attract the buyers attention to your house.

Light Up The House

Light Up The House 1

2. Light Up The House

After the location, the second thing that leaves a lasting impact on the buyer’s mind is how lighted, airy, and spacious your house is. With your furniture moved out, this shouldn’t be hard to achieve.

Maximize the lighting in your house by taking down the drapers/curtains, rubbing the windows clean, increasing the wattage of your indoor lights, and cutting overgrown bushes/branches outside to let in loads of light. In order to make it get off the market quick, make your house look cheery, bright, and presentable to buyers.

 Our thought ⇝ Before film or take picture of your house, it is important to have sufficient light in your house. It is advisable to film or take picture of your house at noon and if you have any lighting features that you would like to emphasize on, you may film or take picture of your house at night then after combine all into 1 video.

clean up the house

3. De-personalize

It is very important to take the home out of your house before opening it to buyers. Your personal stuff and taste in setting up a home makes it difficult for buyers to fit their furniture and ideas in the house. Hide away any memorabilia or personal keepsakes that might interrupt your buyer’s image of living in the house. Consider hiring a home stager who can help stage your furniture in a manner that amplifies the use of space and portrays the floor plan at its best.

Our thought ⇝ Who are the people in the world like to see the messy house if they plan to buy one? Always remember to clean up the place before film or take picture of your house. Besides, the arrangement of furniture can affect the house perfection too. You may adjust the furniture location and hide those that doesn’t really need.

Be Readily Available to Show

4. Be Readily Available to Show

Don’t expect your house off the market anytime soon if you’re not willing to show your house to every prospect who conveys even the smallest interest in buying. For that, you must keep the house well kept and ‘show-ready’ at all times.

Also, answer the doorbell for a buyer at whatever time they find convenient to check in on the house. It may sound a little inconvenient but it’s more bearable than having to wait months (or worse, years) for your house to get sold.

Our thought ⇝ If you really want to put your house on sale, it is advisable to stay at other places temporarily. Who can make sure that you can keep the house in good looking which same as the pictures or videos? It is the useful ways to keep the house in same conditions as video or pictures. And sometimes, you will need to come back to clean up the dust if there is no any buyers come over to look at your house. In addition, make sure your phone is in good condition while waiting for call from prospect and it is necessarily to return the call that you missed.

Modernize the house

5. Modernize the Place

This could be a costly investment if your house needs a lot of work, but trust me, it’s worth it. Whatever you spend on the house will come back in the form of buyer’s payment and within only a month or two!

In a heaven-like place such as Sarawak, you can make your house a luxury property for sale by adding these few contemporary touches:

  • A backyard deck
  • Gourmet kitchen
  • An inviting balcony
  • Vegetable garden
  • Open up the floor plan by bringing down unnecessary walls

Our thought ⇝ I strongly agreed with this point! If you want to sell your home fast, it is necessarily to sacrifice some of your money on home decorating. Because you can get higher return once the house is sold out successfully and you can also use this point to telling the buyers that your house is different with others.

In conclusion, the above methods can help you to sell your home fast. And I think the most useful way to sell home fast is point number 1 which is post a video. Through a video, the prospect can easily get to know the house condition and its looking. Here is my advise, before shooting film of your house, do make sure your camera is HD, house is clean and tidy, sufficient light in the house, and emphasize the area that can get buyer attention and combine the videos that filmed at noon and at night. Last but no least, try to make the video more interesting and creative. Good Luck!

Here is the example for you.

Source: WMAPROPERTY

It’s not about property ownership it’s about control! To get more details, visit 👉 Property Millionaire Intensive