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:
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:
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.
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.
From the outside, it's easy for home valuation to feel like one big mystery. Even though you might be familiar with many of the ingredients that go into a home valuation, you might be wondering how your real estate agent mixes them all together to identify the right listing price for the home. Our real estate agents are here to provide an industry perspective and help you unravel the mystery of home valuation.
Understanding What Goes Into a Comparative Market Analysis (CMA)
Let's say you're trying to price a home to compete with other Akron homes for sale. A CMA is one of the most important tools that your agent will use to help determine the value of the home. By comparing the home with similar properties that were part of recent real estate transactions in the same market, you can find an asking price that fits that market. A CMA takes into account homes that are currently for sale, homes that have recently sold, and homes that were listed but didn't sell. The process works best when there are more homes in your market with a similar size, amenities, and features.
Bedrooms, Bathrooms, and Amenities
While the size of a home is an important factor in the price, two similarly sized homes can still have very different values. The condition of the home is naturally an important factor, but so is how the space in the home is used. The number of bedrooms and bathrooms, along with garage space, are all key factors for buyers to consider. Of course, any added amenities will also influence price. A home with a swimming pool, ultra-modern kitchen, and outdoor dining space will be worth more than a similarly sized home without those features.
Neighborhood, School District, and Local Attractions
It's not just the amenities within the home that impact the valuation. The amenities, attractions, and characteristics of the neighborhood also play a key role. A home that is conveniently located with nearby shopping, dining, attractions, and a short commute to work will have more value than a home located in a neighborhood without all of those perks. Buyers with kids will also tend to be very interested in the quality of the local school district, and may be willing to pay a premium for homes in the best school districts.
The Impact of Market Conditions on Home Values
The home itself is a huge factor, but the market where that home is located can also have a significant impact on a home valuation. If you're pricing a home to compete with North Canton homes for sale, then your price needs to fit within the realities of that market. In a market where homes are selling fast and inventory is low, you may be able to ask for a higher price than in other markets.
How Flexible Are Your as a Seller?
Do you have the time to be patient with your home sale, or do you need to meet a specific deadline in order to move on to your next home? If a buyer makes an excellent offer but needs to complete the sale ASAP, will you be able to accommodate their needs? Your flexibility as a seller can impact the value you can expect to receive, and is especially important once you get into negotiations with a potential buyer.
When it's time to buy or sell your next home, our team is here to help you analyze the market with expert advice. Contact us to buy and sell homes throughout the Canton, OH area.
Adding storage to your home isn't limited to grabbing plastic bins and stacking them in the attic or garage. Innovative storage solutions enhance the aesthetic appeal of your home while cleaning out the junk drawer. Our real estate agents are familiar with some fun and nifty ways to add innovative storage options to your home.
Storage is a balance between efficiency and aesthetics. You don't want to live in a warehouse, but you also need to keep your house under control. Contact us if you would like to learn more nifty storage solutions for your home.
Winter is typically a slow season for real estate transactions. With the holidays, family gatherings, and cold weather, the housing market usually plunges into hibernation, with sellers and buyers putting their real estate plans on hold until spring. However, this year's winter real estate market is shaping up to be different from what we're used to. The coronavirus pandemic saw the housing market grind to a near halt. But with the economy recovering, the 2020 holiday season could be an excellent time to sell your home. Here are some of the reasons why our real estate agents believe a holiday home sale could be more likely this year.
At DeHoff Realtors, we can help you prepare your home for sale and brew up a great deal. Contact us today to get started.