The peak season for buying and selling is here! For some, just the thought of diving into the real estate market can be stressful. The ever-changing real estate landscape and lingo can be confusing, especially if you’re a first-time homebuyer or seller.
With some preparation and the help of your real estate agent, you can have a smooth transaction. Here are some helpful tips for both buyers and sellers to get you ready for your next closing:
5 Tips for Buyers
1. Your First Offer Has Meaning
Think through your first offer carefully. The price you send first will set the stage for future negotiations, or could put a stop to the deal immediately! Speak with your agent about finding a fair price; they’ll be able to tell you the range the property should fall under.
2. Consider Ordering An Inspection
Even if the seller has done a pre-listing inspection, it won’t hurt to get one of your own to be sure that nothing has been missed or has changed since the initial inspection.
3. Do a Title Search
A title company or an attorney can run a title search for you. This search can turn up any potential roadblocks in the transaction such as liens or back-taxes that could get in the way.
4. Budget for Closing Costs
Remember that there are out-of-pocket expenses typically shared by both buyer and seller. Account for paying about 3-4% of the home price in closing costs.
5. Trust Your Agent
Your real estate agent will be there for you every step of the way and has market insight and experience you can rely on!
5 Tips for Sellers
1. Realistic Pricing
With guidance from your real estate agent, put together a fair price based on the current market. Going too high or too low may be seen as a red flag to buyers, so be careful!
2. Stage Your Home
Staging is a very important part of the selling process that shouldn’t be overlooked. Take a look at current design trends and see if you can incorporate some of them into the staged look. You’ll want buyers to be able to picture their own life and belongings in the space, so be sure to keep clutter away and try not to overdecorate.
Want more staging tips? Check out the following articles for tips on staging:
3. Invest in Updates & Repairs
Think of updating those old appliances and fixtures as investments rather than expenses. A couple updates can make your space more attractive to buyers and raise the value of your home.
4. Schedule a Pre-listing Inspection
In order to address any issues early in the process, consider scheduling a pre-listing inspection. That way, you’ll be prepared and won’t run the risk of having any last-minute surprises to resolve.
5. Trust Your Agent
Your real estate agent will be there for you every step of the way and has market insight and experience you can rely on!
Whether you’re looking to buy or sell, I’m here for you! Please don’t hesitate to call me at 480-355-8645 with any questions you have about the process or current market.
