Tips for Sellers

While it's true that the housing market has cooled somewhat, there is still time to take advantage of the increased value of your home if you plan to sell. But before you set an asking price, our real estate agents want to help you maximize your profits by considering the hidden costs associated with the sale. Here are a few expenses they consider to be some of the most critical:

• Identify problems that could derail the sale.
  A pre-inspection will help you make any necessary repairs before the house is on the market. You can expect to spend a few hundred dollars for a professional inspection, but you won't need to worry about surprises that could delay or prevent closing the sale.
  
  
• Make necessary repairs.
  Lenders will only approve a loan if the property is a sound investment, which means they expect it to be in good repair. You should make most repairs before you attempt to sell the home. Sometimes the cost can be split between the buyer and seller. They will negotiate a pre-determined amount, and either can back out of the deal if cost estimates exceed that amount. 
  
  
• Verify property lines.
  Newer residential developments generally have definitive property lines, but many North Canton homes for sale are more than 40 years old, and boundaries may be questionable. You may need to pay for the property to be surveyed to assure the lender and buyer that the property lines are accurate. This service can cost anywhere from about $250 to $1,000, depending upon the size and shape of the parcel. 
  
  
• Consider possible concessions.
  Potential buyers frequently request that certain items be included in the sales price. Besides appliances, some Akron homes for sale have furnishings or unique items that the buyer feels add to their love of the house. The buyer may ask that the seller pay a portion of the closing costs. These are all open to negotiation, and it will be your option to agree or not. 
  
  
• Estimate closing costs.
  Several fees will be split between the buyer and seller at closing. These include loan processing fees, title insurance costs, property tax, and recording fees. The seller's portion will be deducted from the proceeds when the sale closes. 
  
  
• Cost of vacancy
  If the house is unoccupied while on the market, you must maintain the property in good order, from mowing the lawn to post-weather cleanup. You may also benefit by purchasing a special insurance policy for a vacant house that will protect you from the cost of any vandalism while the house is empty. 
  
  
• Pay off the existing mortgage.
  Your lender will work with your real estate agent and the closing company to provide an accurate pay-off amount so that when you receive the sale's proceeds, your mortgage balance will already be deducted. Your agent will provide you with an estimate of the total amount you will receive. 

As you can see, your real estate agent will play an important role in helping you manage the sale and guiding you through the process. Contact us today to find an experienced professional that you can trust.

While the hot seller's market of the last few months has begun to cool down, there are still many people out there looking for North Canton homes for sale or Akron homes for sale. Today's Ohio homeowners easily benefit from the great interest in the local area and meet qualified buyers.

Our real estate agents know you want to get the most value for your home and finish the sales process as quickly as possible. In fact, it's usually for the best when the sale is complete within 30 days. After the 60-day mark, buyers may wonder if something is wrong with the home.

At 90 days, most homes need to be re-listed, which can add months to your timeline.

How can you avoid these issues? To get the results you want, it's crucial not to go it alone.

Many homeowners have been exploring "FSBO" – for sale by owner, the name given to selling without a real estate agent. They may feel that they'll make more money without paying a commission, but the situation is a little more complex than it looks at first.

Selling without an agent can cost you both time and money. On the other hand, the insights of an experienced agent help you maximize your returns, no matter what the housing market looks like.

Let's dive deeper and see how sellers like you benefit from working with an agent:

• An Agent Attracts More Offers for Your Home
  One of your agent's biggest roles is managing your home's marketing. Agents work hard to publicize your home and keep you in the loop about what's been done on your behalf. They'll lead in developing your listing, open house events, virtual tours, staging, and much more.
  
  
• An Agent Is Your Interface to Buyers
  Any time a home goes on sale, some people will only show up out of curiosity. Your agent helps separate serious and qualified buyers from the rest,  saving dozens of hours you would otherwise spend having conversations that might not go anywhere.
  
  
• An Agent Helps You Price Your Home to Sell
  For the best results, pricing any home needs to be done scientifically. A "priced-to-sell" home is aligned with recent sales of similar homes in the same area. Your agent will do all the research to find a price point that meets your needs while still being enticing enough to draw people to the property.
  
  
• An Agent Helps You Avoid Legal Liabilities
  One detail many buyers and sellers alike aren't aware of is the way an agent protects you from serious paperwork errors. A small oversight in how you describe your home or the forms required for closing can leave you vulnerable to fines, legal problems, and much more.
  
  
• An Agent Helps You Negotiate
  A "bidding war" is the dream scenario for many sellers—it means you have plenty of buyers engaged and interested. But that doesn't mean you simply sit back and watch the sparks fly. Whether you need to consider multiple bids or make a counter-offer, an agent's expertise is invaluable.
  
  
• An Agent Supports You in Informed Decision-Making
  During the selling process, emotions can run high for parties on both sides of the transaction. Your real estate agent is an ally who brings a useful outside perspective to every major question. This has helped countless sellers throughout Ohio make decisions they feel truly confident about.

Contact us at DeHoff Realtors to learn more about your selling opportunities.

Our real estate agents know it's never too early to get your home ready for market. If your plans for 2022 include moving to a new home in the spring, now is the right time to put a plan together so that your home is ready to go when you're ready to make your move. You can take the following steps now to ensure the process isn't overwhelming later.

• Go Easy On the Cosmetic Upgrades
  It's a seller's market, so you don't have to spend a lot of money to attract an offer. While you can still paint the walls of the main living areas and bedrooms a neutral color, you can skip the installation of pricey appliances, new windows, etc.

• ...But Clean Thoroughly
  While you don't have to undertake any major renovations, you will want to give the home a professional cleaning. Have the carpets steam cleaned, scrub bathrooms and kitchens, clean out the garage, and make sure the windows are crystal clear. It's also a good idea to make sure the air within the home is regularly refreshed.

• Start Packing Up Personal Items
  Before you paint, pack up any family pictures and bric-a-brac cluttering your home. This will declutter the home and help personalize it, making it easier for prospective buyers to imagine their photos and artwork on the walls. Further, declutter the closets, basement, garage, etc., by removing their contents and placing them in your new home or a self-storage facility. This has the added benefit of helping buyers get a true feel for how much storage space is in the home.

• Keep An Active Eye On Property You Want to Purchase
  Start looking at new homes well before you are ready to list your home. If you are financially able to purchase a home you are interested in before your current home sells, do so. This will help ease some pressure and give you the flexibility to wait for the best offer.

• Price Your Home Strategically
  The more time you spend looking at listings in the area, the better feel you will have for what your home is worth. Keep a close eye on similar North Canton homes for sale and Akron homes for sale. This will help you price your home to align with buyer expectations and current market conditions. Your real estate agent will also be invaluable in helping to set the right price for your home.

• Limit Access
  Supply is low, and demand is high. By limiting showings and availability to view the home, you will create a sense of exclusivity to your home. Like fine wines and fancy purses, the more exclusive the home feels, the more interested buyers will be to own it.

• Prepare For a Bidding War
  Current market activity means that you will likely receive multiple offers shortly after listing your home. Work closely with your real estate agent to map out a strategy for navigating a bidding war. Be sure to factor in price, prequalification, down payment, contingencies, concessions, etc. The more planning you put into this, the more likely you will secure the most advantageous offer.

Contact us when you are ready to prepare your home for the market. We will help guide you through the process and help you secure the best offer for your home.