Sell Your Columbus,Ohio Home Quickly With The McMichael Team
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Know Why You are Selling
If you know exactly why you are selling then it is easier for you to follow the right plan of action for getting what you want.
If you are a seller who needs to close a sale as quickly as possible, then you should know that getting the highest price possible is not one of your priorities. It does not mean that you won’t or cannot get the highest price, but it means that the price is not the deciding factor.
A buyer who can give you a quick closing time will appeal much more to you than a buyer who can offer you more money but the negotiation and closing time drag on.
It’s always good to know how low you will go, in terms of selling price. This will help to eliminate some of the offers that you find simply offensive or ridiculous. Even though you should consider all offers seriously and take into consideration the terms of each offer, sometimes, if you know the bottom line and are strict about it, you can save yourself time.
Once you know what your limits and reasons are, discuss them with your agent so that they can help you set your goals realistically. If you decide to list your home on your own, make sure you do research on the current market, and you get the proper advice you need in terms of legal issues, etc. The key is to be realistic and to know what your goals are so they can be met.
Plan of Action
- Analyze why you are selling – If you understand your motives, you will be able to better negotiate and to get what it is that you want, whether it be a quick sale, high price, or somewhere in the middle.
- Prepare your home for the buyer – Maximize the strengths of your property and fix up its weaknesses. You want the buyer to walk away from your home with a lasting good impression.
- Find a good real estate agent that understands your needs – Make sure that your agent is loyal to you, and can negotiate to help you achieve your goals. In addition, they should be assertive and honest with both you and the buyer.
- Be prepared for negotiation – Learn and understand your buyer’s situation; what are their motives? Can you demand a big deposit from them? Try to lock in the buyer so that the deal goes through.
- Negotiate for the best price and the best terms – Learn how to counter offer to get maximum value from every offer.
- Make sure the contract is accurate and complete – Be honest with your disclosures; you do not want to lose the deal because you were lying or diminishing your home’s defects. Insist the buyers get a professional inspection. This will protect both you and the buyer.
Finding the Right Agent
Not all agents work the same way. The most important attribute of an agent is that he/she is well connected to the real estate industry. He/she should know the market and provide information on past sales, current listings, his or her marketing plan, and at least 4 solid references. In addition, you also want to look for an agent that is honest, assertive, and one that best understands your needs.
Try to go with a local agent. They can better serve your needs because they should be more familiar with the local market conditions, local prices, and what’s hot or not in your community.
Considering Offers
When reading an offer, keep in mind that you are out to get the best price AND the best terms for you. If you focus solely on the price, you may overlook terms that could be favorable to you as a seller.
Some terms that may work in your favor:
higher-than-market-interest in a second mortgage for your home
the buyer will pay for most or all of the closing costs
the buyer will take care of any repairs
quick close – the buyer is pre-approved, ready to close in a timeframe that best suits you
all-cash deal
When reading through offers, remember to look at the whole package. Take the time that you need to assess what is being offered and if it meets your needs.
Setting the Price
The price is the first thing buyers notice about your property. If you set your price too high, then the chance of alienating buyers is higher. You want your house to be taken seriously, and the asking price reflects how serious you are about selling your home.
Several factors will contribute to your final decision. First, you should compare your house to others that are in the market. If you use an agent, he/she will provide you with a CMA (Comparative Market Analysis). The CMA will reflect the following:
houses in your price range and area that were sold within the last half-year
asking and selling prices of houses
current inventory of houses on the market
features of each house on the market
Questions About A Property
Quick Property Search
For Sale By Owner – A Good Idea?
FSBO (pronounced fizz-bo), or For Sale By Owner, is a way of selling your home without the use of a professional real estate agent or broker. The idea behind FSBO is that by selling your home yourself, you save the approximate 6% that would be the agents’ commission.
6% may not sound like a lot, but it can add up, especially on more expensive homes. But before you run off and decide to sell your home FSBO, you must remember that to get savings like that, there must be a cost. So what’s the catch? Selling FSBO is hard. A lot harder.
Only about 10% of sellers that decide to do FSBO are successful at it. And not all of them end up saving themselves money. FSBO sellers often end up accepting a lower price for their home than they would with an agent.
There are of course other issues as well. Can you afford to make selling your home your full-time job? Because for a lot of FSBO sellers, that’s exactly what it is. Do you have the time and capital to spend on the marketing, advertising, inspections, paperwork, phone calls, showings, and problems that come up when any home is sold?
Selling with a professional agent also has other advantages. An agent can get your home listed on the MLS (Multiple Listing Service) and other popular websites where not only homebuyers but also other agents can easily find it. Professional real estate agents also have an extensive network that allows them to more easily find a buyer.
So before you decide to sell your home yourself, thoughtfully consider just how much time and effort you can spare for selling your home, as well as how important it is that your home sell sooner rather than later.
Recent Posts
Exploring the impact of home automation on property value:
“Smart homes are not just about gadgets; they are about creating a better way of life.” - Jay Samit
Introduction:
Home automation, was once considered a futuristic concept, has now become a part of contemporary living. It involves connecting devices and systems within your home to a central hub that enables remote control. Whether its adjusting your thermostat, using a smartphone app, ensuring home security with locks, or automating lighting based on your mood, home automation provides a new level of comfort and control. However its influence goes beyond convenience; it can significantly affect the value of your property.
The ROI for home automation varies based on factors like the extent of automation and the local real estate market.
Understanding Home Automation
Before we explore its impact on property value, lets first gain an understanding of what home automation entails. At its essence, home automation revolves around the integration of smart devices and systems into your home. These devices communicate with each other and can be remotely controlled through a smartphone or other smart devices. Examples of common devices include thermostats, lighting systems, security cameras, and voice activated assistants like Amazon, Alexa, or Google Assistant.
The Convenience Factor
One of the advantages of home automation is the convenience it brings to everyday life. Just imagine being able to adjust your homes temperature, lighting, and music with a voice command or a tap on your smartphone. Smart technology makes it possible to create personalized routines effortlessly saving you time and energy in your tasks.
For example, you can program your thermostat to adjust the temperature while you're away so that it becomes cozy and comfortable by the time you return. You can even set your coffee maker to start brewing as soon as you wake up. These conveniences not only make life easier, but also enhance the overall appeal of your property for potential buyers.
Enhanced Security
Homeowners prioritize security greatly and home automation provides innovative solutions to strengthen the safety of your property. Smart security systems, such as cameras, doorbell cameras, and smart locks offer real time monitoring and remote access. With these systems you can easily check who's at your doorstep, give trusted individuals access from afar, and receive alerts if anything seems suspicious.
This advanced level of security is a selling point for buyers. Having a home equipped with comprehensive smart security features not only makes it more appealing but also gives the perception of enhanced safety, potentially increasing its value.
Energy Efficiency and Cost Savings
Energy efficiency and cost savings are benefits brought about by home automation. For instance smart thermostats learn your heating and cooling preferences and adjust accordingly to save energy and reduce utility bills. Similarly smart lighting systems automatically turn off lights in unoccupied rooms to lower energy consumption.
The Impact on Property Value
So, now you might be wondering: how does home automation impact property value? Numerous studies and current real estate trends suggest that homes with smart technology tend to command higher prices compared to those without automation. Smart homes are seen as more desirable, giving sellers a competitive edge in the real estate market.
Smart Home Features Buyers Look For
According to a survey conducted by the National Association of Realtors (NAR) there is a demand for smart features like smart thermostats, security systems and lighting in properties. Having these features installed tends to increase property value and can command higher prices.
ROI of Home Automation
When it comes to the return on investment (ROI) of home automation, although there is a cost involved in installing smart devices the potential benefits are substantial. Homeowners can potentially recover their upfront expenses through energy savings, increased property value, and even a faster sale when they decide to move.
Overcoming Common Concerns
Addressing common concerns about home automation is crucial regarding privacy and cybersecurity. Educating buyers about the safeguards in place can help alleviate these concerns and make them more open to embracing the advantages of technology.
Installation and Integration
For homeowner considering home automation, the process often starts with consulting experts who can assess their needs and recommend suitable devices and systems. Professional installation ensures that everything functions seamlessly and integrates smoothly into your homes existing infrastructure.
The Future of Home Automation
As technology continues to progress, the future of home automation appears promising. We can anticipate more innovative and integrated solutions that will make smart homes commonplace rather than exceptional.
Conclusion
In summary, home automation is not a buzzword; it is a game changer for homeowners. Beyond the undeniable convenience it offers, it plays a substantial role in increasing property value. The combination of convenience, security, energy efficiency, and the potential for a hihger selling price makes home automation a wise investment for homeowners. As the real estate market evolves, embracing smart technology can set your property apart, making it more appealing to potential buyers.
FAQs
1. Is home automation suitable for older homes, or is it more for new constructions?
Home automation can be installed in both older and new homes. Retrofitting older homes with smart technology is entirely feasible.
2. Are there privacy concerns with smart home devices?
Privacy is a valid concern. However, most reputable smart device manufacturers prioritize security and offer options to protect user data.
3. Can I install home automation devices myself, or do I need professional help?
While some devices are DIY-friendly, others may require professional installation, especially if they need to be integrated into your home's electrical and security systems.
4. Do smart homes sell faster than traditional homes?
Smart homes often attract buyers faster due to their perceived value and convenience. However, several factors can influence the speed of a sale.
5. What is the average ROI for home automation?
The ROI for home automation varies based on factors like the extent of automation and the local real estate market. However, energy savings and increased property value contribute positively.
Embrace the future of homeownership by considering home automation. The benefits are not only immediate but also long-lasting, adding value to your property while enhancing your quality of life. Don't miss out on the opportunity to make your home smart, secure, and energy-efficient.
Getting the Highest Price in the Shortest Time
In order to get the highest price in the shortest time, you need to know how to market your home. The better you market your home, the more offers you will get. And the more offers you get, the more choices you have to get the price and terms you want.
The most important factor of marketing your home is pricing it right. Your price should be adjusted to reflect the market and your property’s worth. The key is to get as many people as possible checking out your fairly priced property. If your property is not priced fairly, there will be no buyers because your price is set too high.
Another important factor is the condition of your home. Make sure that your home looks ready to be sold. Fix any defects (peeling or faded paint, cracks, stains, etc.) Condition alone can sometimes prompt fast buying decisions. Not only should you fix any defects, but consider upgrading your home by making major repairs and cosmetic improvements before selling. A nice looking home triggers the emotional response that can lead to a financial response.
Learn how to negotiate the best terms for all parties involved. Terms are another factor that may be adjusted to attract buyers. If you insist on getting your asking price, think of what you can offer to the buyers. For example, improvements you’ve made or even offering seller financing at a lower than market interest rate on a portion of the sale price. Convince them why they should be paying the price you have set.
Lastly, get the buzz out about your home. List your house with a hot agent that ensures your house is listed on the MLS and on the Internet. On your own, get the word out. It should always be visible to passersby that your house is for sale, whether it is through signs, local advertisements or you telling friends, family, and acquaintances.
1349 W. Lane Ave, Suite 1125, Columbus, OH, 43221
(614) 769-7766
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