Empty Nester Report
Empty Nester: How to Sell the Place You Call Home Are you an “Empty Nester” who needs a home for the future? Is it time to downsize or to move into another home more suitable for your glorious retirement years? Like thousands of homesellers, you may be discovering that after years of non-stop child traffic in and out of your doors, toys on the floor, music floating throughout, suddenly you can hear a pin drop over the quiet hum of the refrigerator. Your rooms are filled with pictures and memories of this wonderful time in your life, but there are many empty rooms gathering dust now that your children have moved on. The freer years ahead are exciting ones to look forward to, and it may be time for you to move as well. If you find yourself in this situation, you’re in vast and good company. And what that means is that there are many wonderful opportunities for you to create this new chapter in your life . . . if you know what it takes to get the most out of the equity you’ve built up in your current home. To help you understand the issues involved in making such a move, and how to avoid the most common and costly mistakes most Empty Nesters make, we’ve prepared this special report to help you identify and plan for the move ahead. Selling your home is one of the most important steps in your life. This 9 step system will give you the tools you need to maximize your profits, maintain control, and reduce the stress that comes with the homeselling process: 1. Know why you’re selling, and keep it to yourself The reasons behind your decision to sell affect everything from setting a price to deciding how much time and money to invest in getting your home ready for sale. What’s more important to you: the money you walk away with, the length of time your property is on the market or both. Different goals will dictate different strategies. However, don’t reveal your motivation to anyone else or they may use it against you at the negotiating table. When asked, simply say that your housing needs have changed. 2. Do your homework before setting a price Settling on an offering price shouldn’t be done lightly. Once you’ve set your price, you’ve told buyers the absolute maximum they have to pay for your home, but pricing too high is as dangerous as pricing too low. Remember that the average buyer is looking at 15-20 homes at the same time they are considering yours. This means that they have a basis for comparison, and if your home doesn’t compare favorably with others in the price range you’ve set, you won’t be taken seriously by prospects or agents. As a result, your home may sit on the market for a long time and, knowing this, new buyers will think there must be something wrong with your home. 3. Find Out What Other Homes are Selling For (In fact, your agent should do this for you). Find out what comparable homes in your own and similar neighborhoods have sold for in the past 6-12 months, and research what current homes are listed for. That’s certainly how prospective buyers will assess the worth of your home. 4. Find a “good” real estate agent to represent your needs Nearly three-quarters of homeowners claim that they wouldn’t use the same realtor who sold their last home. Dissatisfaction boils down to poor communication which results in not enough feedback, lower pricing and strained relations. 5. Maximize your home’s sales potential Each year, corporate North America spends billions on product and packaging design. Appearance is critical, and it would be foolish to ignore this when selling your home. You may not be able to change your home’s location or floor plan, but you can do a lot to improve its appearance. The look and feel of your home generates a greater emotional response than any other factor. Before a showing clean like you’ve never cleaned before. Pick up, straighten, unclutter, scrub, scour and dust. Fix everything, no matter how insignificant it may appear. Present your home to get a “wow” response from prospective buyers. Allow the buyers to imagine themselves living in your home. The decision to buy a home is based on emotion, not logic. Prospective buyers want to try on your home just like they would a new suit of clothes. If you follow them around pointing out improvements or if your decor is so different that it’s difficult for a buyer to strip it away in his or her mind, you make it difficult for them to feel comfortable enough to imagine themselves an owner. 6. Make it easy for prospects to get information on your home You may be surprised to know that some marketing tools that most agents use to sell homes (eg. traditional open houses) are actually not very effective. In fact only 1% of homes are sold at an open house. Furthermore, the prospects calling for information on your home probably value their time as much as you do. The last thing they want to be subjected to is either a game of telephone tag with an agent, or an unwanted sales pitch. Make sure the ads your agent places for your home are attached to a 24 hour prerecorded hotline with a specific ID# for your home which gives buyers access to detailed information about your property day or night 7 days a week without having to talk to anyone. It’s been proven that 3 times as many buyers call for information on your home under this system. And remember, the more buyers you have competing for your home the better, because it sets up an auction-like atmosphere that puts you in the driver’s seat. 7. Know your buyer In the negotiation process, your objective is to control the pace and set the duration. What is your buyer’s motivation? Does s/he need to move quickly? Does s/he have enough money to pay you your asking price? Knowing this information gives you the upper hand in the negotiation because you know how far you can push to get what you want. 8. Make sure the contract is complete For your part as a seller, make sure you disclose everything. Smart sellers proactively go above and beyond the laws to disclose all known defects to their buyers in writing. If the buyer knows about a problem, s/he can’t come back with a lawsuit later on. Make sure all terms, costs and responsibilities are spelled out in the contract of sale, and resist the temptation to diverge from the contract. For example, if the buyer requests a move-in prior to closing, just say no. Now is not the time to take any chances of the deal falling through. 9. Don’t move out before you sell Studies have shown that it is more difficult to sell a home that is vacant because it looks forlorn, forgotten, simply not appealing. It could even cost you thousands. If you move, you’re also telling buyers that you have a new home and are probably highly motivated to sell fast. This, of course, will give them the advantage at the negotiating table.
What Are The Benefits Of A Cash Offer On A House For A Seller?
If you’re thinking about selling your house quickly, a cash offer might be your best option. When you’re looking to sell fast, a cash offer has many benefits over a traditional seller-financed sale. Here’s the key benefits of a cash offer on a house for a seller. Key Takeaways: Cash offers provide faster closing timelines, often within weeks instead of months There is less risk of a cash sale falling through before closing Cash buyers typically purchase homes in as-is condition, saving sellers repair costs and negotiations Speed of Closing One of the biggest benefits of a cash offer is the speed of closing. With a cash buyer, there’s no need to deal with financing approval or bank appraisals. This means the sale can close within a few weeks or even days instead of the typical 30-60 days. As a home seller, this means you can save on mortgage, maintenance, utilities, and other carrying costs. You’ll also receive payment and be able to move on much faster. If you’re looking for faster cash in hand from your sale, a cash offer can make that happen. Certainty of Closing Another major benefit is the certainty of closing. With traditional buyers financing the purchase, many things can fall through to derail or delay the closing. If the buyer’s financing ends up falling through, you have to go back to square one. With a cash offer, there’s much less risk of your buyer backing out of the deal. If you’ve ever had a deal fall through before closing, you know how frustrating this can be. A cash buyer can provide much more peace of mind that the sale will successfully close. Fewer Repairs and Negotiations Cash buyers are often investors looking to buy homes in “as is” condition. This means fewer demands for the seller for home repairs and replacements. It also means fewer deals falling through due to inspection issues. With a cash offer, you can avoid discussions around credits for repairs, replacements, or renovations. There’s also less room for price negotiation since the buyer doesn’t have to factor in awaited appraisal levels. All this saves you considerable time, money, and hassle as a home seller. As-Is Condition As mentioned, cash home buyers often purchase the home “as is”, faults and all. This convenience allows you to sell without making any expensive repairs or improvements to get top dollar. You also avoid the headache of coordinating and scheduling contractors. If you were already planning to move out soon or the property requires major repairs you don’t want to handle, a cash buyer is the way to go. Benefits Of A Cash Offer On A House For A Seller Final Thoughts Accepting a cash offer on a house provides numerous advantages for sellers. The benefits include a quick closing process, reduced risk, and the avoidance of costly fees associated with traditional home sales. Cash offers are particularly appealing for their efficiency, certainty, and fewer contingencies, making the overall transaction smoother for sellers. As highlighted by various sources, these advantages contribute to a faster, more straightforward, and potentially more profitable selling experience. Call Your Home Sold To Get Multiple No Obligation Cash Offers On Your House A cash buyer can provide a major convenience in terms of less negotiation, more closing certainty, waived repairs, and a significantly faster overall sale. In today’s shifting market, more and more homeowners across North America are considering this option when selling. If you want to sell your house for cash, Your Home Sold Guaranteed Realty can help. With over 35 years of real estate experience, our real estate team has helped thousands of our clients sell fast and for top dollar. But you don’t have to take our word for it. Our track record speaks for itself. On average, we sell homes 48% faster and for 2.4% more money compared to other realtors. We’re able to do this because of our extensive database of over 8,000 pre-qualified home buyers, including cash home buyers. With this database, we can match you up with an interested cash buyer almost instantly. On top of our network and industry connections, we also offer several seller guarantees to protect your interest, like our Guaranteed Sale Program and Guaranteed Cash Offer Program. Sell your home guaranteed with Your Home Sold Guaranteed Realty.
What Are the Steps to Buying a House?
Are you a first-time home buyer? If so, you might be wondering about the steps to buying a house. Buying your first home is an exciting milestone, but it can also feel overwhelming if you don’t know what to expect. In this post, our team at Your Home Sold Guaranteed Realty will break down the process into simplified steps, so you can be prepared for success. Key Takeaways: Evaluate your income, savings, debt, and expenses to figure out how you can afford to spend on a home. Getting pre-approval before you start house-hunting is important to make sure you have an official budget to guide your decisions. Before finalizing an offer, you’ll need to schedule a professional home inspection. A qualified inspector will thoroughly evaluate the property’s condition. What Are the Steps to Buying a House? Getting Ready for House Hunting Prepare Your Finances: Evaluate your income, savings, debt, and expenses to figure out how you can afford to spend on a home. If you have time to save up more money before starting the buying process, start putting aside money for the down payment. Hire a Realtor: A knowledgeable realtor is crucial because they’ll be familiar with the local housing market trends and dynamics, home prices, and know which neighborhoods fit your criteria and budget. They also help with all aspects of the buying process, from submitting offers and negotiating to keeping track of legal documents and closing. Get Pre-Approved: Getting pre-approval before you start house-hunting is important to make sure you have an official budget to guide your decisions. It also makes your offer more appealing to sellers, compared to buyers without pre-approval. Your realtor can help you find the best lenders. Searching For Houses Research the Housing Market: Work with your realtor to research neighborhoods that fit your lifestyle and homeownership goals. Look at property prices, and housing trends, and consider factors such as location, nearest amenities, and proximity to schools, parks, and shopping centers. Start Looking for Homes: Find some listings you’re interested in and start scheduling showings to view homes in person. In addition, attend some open houses to get a better idea of what types of homes you’re interested in. Your realtor can help you find properties that meet your criteria, including off-market homes, and schedule viewings. Make an Offer: Once you find the perfect home, submit a competitive yet fair offer. Include the purchase price, contingencies, and any special terms or conditions. Your realtor will present the offer to the seller’s agent and negotiate on your behalf to help you get the best possible deal. Finalizing the Deal Schedule a Home Inspection: Before finalizing an offer, you’ll need to schedule a professional home inspection. A qualified inspector will thoroughly evaluate the property’s condition, including its structural integrity, mechanical systems, and safety features. Review the inspection report carefully and address any concerns with the seller. Close on Your New Home: During closing, you’ll sign all necessary paperwork, pay closing costs and fees, and officially take ownership of the property. Buy a House with Your Home Sold Guaranteed Realty By following these steps and working with a knowledgeable realtor, you can navigate the process with confidence and achieve your homeownership dreams. If you’re looking for the top realtor, look no further than Your Home Sold Guaranteed Realty. Working with us is a unique experience compared to other realtors because we offer unique buyer guarantees that make the process risk-free. This includes our Buy it Back Guarantee, which gives you the option to return your home in the event you’re unsatisfied with it for any reason. To learn more about working with Your Home Sold Guaranteed Realty to buy a house, call 678-894-9744 or message us at success@yhsgr.com. To Discuss Your Home Sale or Purchase, Call or Text Today and Start Packing!
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