As a first-time home seller, you may feel the need to make a counter-offer based on a homebuyer's initial proposal. However, if the homebuyer rejects your counter-offer, you may be forced to return to square one in your efforts to sell your house and obtain the best price for it.
A homebuyer's rejection of a counter-proposal is not the end of a home selling journey. And for home sellers who know how to proceed after a counter-proposal is rejected, they may be able to streamline the process of getting the optimal price for any residence, at any time.
Now, let's take a look at three tips that a first-time home seller can use to handle a rejected counter-proposal on his or her house.
1. Consider the Homebuyer's Perspective
Why did a homebuyer reject your counter-proposal? A first-time home seller should consider why a homebuyer decided to move on from a house after a counter-proposal was submitted and learn from the experience.
For example, if a home seller held firm on his or her home price, a homebuyer may have been unwilling to pay this amount. Thus, a home seller may want to consider lowering the price of his or her residence in to help stir up interest from large groups of potential homebuyers.
2. Review All of Your Options
A first-time home seller who submits a counter-proposal and receives a rejection from a homebuyer still has plenty of options, regardless of the current state of the housing market.
For instance, a home seller can keep the price of his or her house intact. Then, this home seller can await potential offers that match or exceed his or her expectations.
On the other hand, a home seller may choose to conduct assorted home improvements to upgrade his or her house's interior and exterior. These upgrades can make a world of difference in the eyes of homebuyers, and as a result, may make a home more attractive than other residences that are currently available.
3. Collaborate with a Real Estate Agent
A real estate agent is a difference-maker for a first-time home seller, and for good reason. This housing market professional can offer expert guidance that a home seller may struggle to obtain elsewhere and ensure that a property seller can make informed decisions at each stage of the home selling journey.
With a real estate agent at your side, you can map out your next steps in the home selling journey accordingly.
Typically, a real estate agent will be able to tell you why a homebuyer rejected a counter-proposal on your residence. As such, you can learn from the experience and gain the insights you need to prevent the same problem from happening once again.
Selling a home can be difficult, particularly for those who have listed a residence for the first time. A real estate agent will help you take the guesswork out of selling your residence and do everything possible to ensure you can get the best possible price for your house.
Ready to overcome a rejected counter-proposal on your home? Use these tips, and you can proceed with confidence along the home selling journey.
A home showing offers a wonderful opportunity for a home seller, as it enables this individual to promote his or her residence to a potential homebuyer. But after a home showing is finished, how should a home seller proceed?
Ultimately, there are several steps that a home seller should expect following a home showing, including:
1. Waiting for a Response from the Homebuyer
The time between when a homebuyer views your home and when he or she provides feedback about a home showing may seem endless. However, home sellers should remain patient and understand that what happens immediately following a home showing often is beyond their control.
Remember, you only get one chance to make a positive first impression on a homebuyer. And if you went above and beyond the call of duty to enhance your residence before the home showing, you've likely done everything you can to put your best foot forward.
On the other hand, if you failed to clean up the kitchen, remove clutter from the basement or perform other home repairs and maintenance, there is no time like the present to get started on these home improvement tasks. Even if an initial home showing was far from perfect, you can always learn from it and allocate time and resources to enhance your house's appearance for future showings.
2. Consulting with Your Real Estate Agent
Your real estate agent will serve as a liaison between you and a homebuyer and keep you up to date with feedback about the home showing.
If the home showing was successful, your real estate agent may come to you with an offer on your house. In this scenario, you'll have a short period of time to decide whether to accept, reject or counter the proposal.
Or, if the home showing was unsuccessful, there is no need to fret. Your real estate agent will be able to share a homebuyer's feedback with you, which may help you discover ways to improve your home.
3. Enhancing Your Home
As a home seller, you may need to host many home showings to stir up lots of interest in your property. And with an experienced real estate agent at your disposal, you should have no trouble getting your home ready for home showings.
Your real estate agent understands what it takes to garner interest from homebuyers. Thus, this real estate professional will offer recommendations and suggestions to help you improve your home quickly and effortlessly.
Also, your real estate agent is available to respond to your home selling concerns and queries. That way, if you're uncertain about how to make your home stand out from the competition, your real estate agent will be able to provide insights and tips to help you do just that.
Collaborate with a real estate agent, and you can streamline the home selling process. This housing market expert will do everything possible to assist you before and after a home showing and ensure that you can promote your residence to the right homebuyers consistently.
Selling a house should be an enjoyable experience – not a stressful one. Yet problems may arise that cause a home seller's stress levels to rise. Fortunately, we're here to help you identify and alleviate home selling issues before they get out of hand.
Now, let's take a look at three tips to help you enjoy a worry-free house selling experience.
1. Learn About the Real Estate Market
Take a look at the prices of houses in your city or town. By doing so, you can see how your residence stacks up against comparable houses and determine how you should price your home.
Furthermore, evaluate the prices of recently sold houses in your area. This housing market data enables you to see how long it takes houses to sell and whether property sellers are receiving offers to purchase at or above their residences' initial asking prices. Then, you can find out whether you are preparing to enter a buyer's or seller's market and plan accordingly.
2. Identify Your House's Strengths and Weaknesses
Conduct a home inspection – you'll be glad you did. An inspection takes only a few hours to complete and enables a property expert to review your residence both inside and out. After the inspection is finished, you'll receive a report that highlights any underlying problems with your residence. You then can use this report to prioritize home repairs and transform property weaknesses into strengths.
It may be beneficial to remove clutter from inside your house and enhance your residence's curb appeal too. That way, you can make it easy for homebuyers to fall in love with your house whenever they view it.
3. Collaborate with a Real Estate Agent
A real estate agent is a home selling professional who is happy to help you navigate the property selling journey. In fact, he or she will make it easy to minimize stress from the moment you list your house to the day you complete your home closing.
Usually, a real estate agent will learn about you and your home selling goals and craft a custom property selling strategy. A real estate agent next will set up home showings and open house events to promote your residence to prospective buyers. And if a buyer submits an offer to purchase your home, a real estate agent will help you decide whether to accept, reject or counter this proposal.
Let's not forget about a real estate agent's industry expertise, either. A real estate agent understands the ins and outs of the house selling journey. And if you ever have concerns or questions about selling your home, a real estate agent is ready to respond to them.
The home selling journey may seem daunting at first. But ultimately, there is no need to stress as you prepare to list your house. Take advantage of the aforementioned tips, and you can boost the likelihood of a worry-free home selling experience.
If plans for selling your home are in the near future, you’re going to want to start strategizing the most cost- and time-effective ways to make your home irresistible to potential buyers. One of the most proven ways of giving your home the edge it needs to stand out from the competition is good photography and attractive staging.
In today’s post, I’m going to share my tips on home staging that can be achieved on a budget and in a short period of time. That way you can focus more time on finding a new home and stop worrying about selling your current one.
Tip 1: Start packing
Before you start worrying about arranging furniture, it’s important to make sure you have a clean slate to work with. Start by packing personal effects into boxes and labeling them accordingly.
Staged homes are homes that look appealing to the widest audience as possible. Having personal reminders, like family photos, trophies, etc., makes it harder for viewers to picture themselves living in the home.
Most of us keep our homes arranged in a way that is convenient to our lives. And. let’s face it--life can be messy. But, when it comes to staging, less is usually more.
Not only will this cleaning process help you reduce clutter and make the home look better for staging, but it will also make your moving process easier since many of your boxes will already be organized and sealed.
Tip 2: Color scheming
Expertly staged homes tend to have one thing in common--a cohesive color scheme. Think of choosing your color scheme like creating an artist’s palette. You want a few colors that compliment one another and that will work together to brighten up your home.
If you have any furniture that appears worn, dated, or that clashes with the scheme of the room, it’s a good idea to place them in storage while you prepare for photographs and visitors.
Tip 3: Decorate sparingly
Now that you’ve packed away your family photos, you might be wondering what to put on the walls in their place. The best answer is often nothing. However, that doesn’t mean the walls need to be completely bare.
For smaller rooms, you can make them appear more spacious with the use of hanging mirrors (just make sure you can’t see yourself in any of those mirrors when you take your photos!).
Tip 4: Don’t forget the outside of your home
The value of curb appeal can’t be overemphasized. The exterior of our homes, along with our yard and driveway, are essentially what we show the world about our lives. Since most home buyers want their house to look nice, fit in with the neighborhood, but have its own unique flair all at the same time. They want to know that your house has that potential.
Furthermore, the driveway and yard are two of the first things people see when they visit. You’ll want to take advantage of this moment by making a good impression.
There are a number of reasons you may want to sell your home quickly. Whether you’re hoping to avoid making two mortgage payments, or if you are moving a long distance and have a limited time to close on your old home, it can become imperative to sell quickly.
Many homeowners in a rush to sell their home are at a loss for what they can do to increase their chances of selling quickly without substantially lowering the price.
If you’re in a competitive buyer’s market it can be even more difficult to make a quick sale. Fortunately, there are things you can do to help expedite the selling process. In today’s article, we’ll show you how to do just that.
Read on for tips on selling your home faster so you can move on to focusing on your new home.
To give yourself the best chance of attracting buyers, you’ll want to focus on cleaning and staging your home.
Many sellers leave their belongings in the home and simply fill up their closet and basement while selling their home. A better approach is to rent a storage unit to keep your belongings in. This will make sure you can showcase the size of your closet and other storage areas in viewings and in your photography.
When it comes to photography, using high quality photos that show off the lighting and spaciousness of your home will attract more leads on your home. Spending money to hire a photographer for the day can save you valuable time and give you quality, marketable photos of your home.
Rethink your pricing
If you need to sell quickly, the easiest way to do so is to make sure you’ve priced your home reasonably. Many sellers have a tendency to aim high, thinking that they will be haggled down by a buyer.
However, fewer people will reach out if your home is outside of their budget. Set your home price close to its market value and make adjustments accordingly.
Add quick curb appeal
Curb appeal is the measure of how welcoming and desirable your home looks upon driving by or pulling into the driveway. This can be achieved with landscaping, paving the driveway, and cleaning the house’s siding.
However, you don’t have to spend thousands to clean up the outside of your home. Sometimes simply mowing and edging the lawn and adding fresh mulch goes a long way toward improving curb appeal.
Another thing to consider is the best time to take outdoor photos of your home. If you have a great view or sunsets, try taking photos at different times of the day to show off all your property has to offer.
Remove personal items
You want your home to appear livable--not lived in. Make sure family photos and other personalized items have been removed for real estate photography, open houses, and viewing.
Similarly, if you have any rooms painted colors that others may find jarring, re-paint them in a neutral, calming color. And, if any of your walls are painted a dark color, brighten them up to make the room appear larger.
This approach stands true for the driveway and garage as well. You want potential buyers to imagine how they could use the space--not how you’re currently using it. Make sure your vehicles and outdoor equipment are out of sight in your photos and during showings.