selling your house on your own

The Spooky Side of Selling Your House on Your Own

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Before deciding to sell your own home, it’s important to understand the potential risks involved. Discover the spooky side of selling your house on your own now, including scarce real estate knowledge, pricing challenges and more.

Legal risks.

Real estate transactions involve complex laws and regulations. When selling your home without a knowledgeable Realtor, you may be unaware of legal obligations that can lead to legal and financial liabilities.

Things you may not be aware of can include but are not limited to:

  • Information that must be disclosed to potential buyers.
  • Knowing what to ask lenders to ensure an easy escrow process.
  • The implications of buyers changing their minds and when they are entitled to their earnest money.
  • Deadline management.

Pricing.

One of the most prominent risks of selling your house on your own is the pricing challenge. Pricing is key to a successful sale, and real estate agents have experience in the local housing market. Hence a thorough understanding of current housing trends and listing prices down to the neighborhood.

Homeowners often lack this knowledge and experience, leading to overpricing or underpricing the home.

Limited exposure.

With access to professional networks, multiple listing services and other marketing tools, real estate agents can get your property maximum exposure. With For Sale by Owner, your listing may not reach a broad audience, lengthen the selling process.

Complicated negotiations.

Coordinating with the buyer, the buyer’s agent, the inspection company, the appraiser and more can become overwhelming for an individual trying to sell their home. Plus, navigating negotiations and handling contingencies and contract terms can be challenging for sellers without representation.

Working with a Realtor can keep negotiations professional, accurate and on track to seal the deal.

Summary

Were you thinking about selling your home without a real estate agent? Now that you know more about the spooky side of selling your house on your own, consider working with Realtor for a smooth selling process.

Are you looking for a Realtor in the East Alabama area? Connect with one of our trusted Realtors! For more real estate tips and industry news, continue reading our blogs.

make your open house a success

8 Ways To Make Your Open House a Success

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As a Realtor in a competitive marketplace with inventory continually increasing, are you doing all you can to make your listings stand out? Planning an open house? Here are eight ways to make your open house a success in 2024! 

Focus on the main objectives. 

Remember the three main objectives of having an open house to make your open house a success. First, an open house generates leads. Second, it’s a time to promote your brand. And the third objective is to sell the listing. 

Hence, every step you take before, during and after the open house should help achieve those goals. 

Research the area.

Before the open house, get to know the ins and outs of your listing and those of similar listings in the area. 

Go beyond online research and do a walk-through of some of the properties, and note what features each offer that your listing may not and what your listing offers that they do not. Then, you will be ready to share your local knowledge with comparable details on your listing and others in the area if a potential buyer asks. 

Schedule appropriately. 

And when it comes to scheduling, know your market. Will an afternoon or after-work open house be best? Or are weekends more flexible? Don’t forget to check the community calendar to plan your event around other popular happenings in town. 

Use your network to partner with another local business. 

Partner with one or several local businesses for cross-promotions. Whether it’s a local restaurant or bakery providing small bites and sweets or an interior designer offering a raffle item or a free consultation, create excitement with your open house.  

Promote your open house.

Use various strategies to promote your open house. Consider writing a blog about the upcoming event and feature the home on your website. If you posted a property showcase on the home, re-share it on your homepage with a new graphic and blurb about the upcoming open house.

Share the open house details on social media, including any cool cross-promotions, giveaways and more. Create print materials to reach a wider audience. Send direct mailers to target markets. Hand out fliers, hit the streets with door hangers and post unique signage. 

Make it an event.

Showcase local talent and have live music in the living room or backyard. Display the works of local artists and host an “art exhibition.” Max out your cross-promotions with raffles and giveaways.

Have a sign-in sheet.

Start by kindly letting guests know upon entering that the homeowner requests each visitor sign in for security purposes. But instead of a pen and notebook, hand them an iPad and use an app like the Open Home Pro, for example. 

Be ready to answer buyer questions.

Demonstrate your expertise by being prepared to answer common buyer questions, ranging from house background to information about the neighborhood. A few common questions include how long the sellers have lived there, why they are moving, the age of the appliances, the average monthly utility bill and how old the roof is.

Summary

Finally, make your open house a success by having informative handouts and promotional items set out. Share statistics about the home, the neighborhood, local services, the school district and other helpful information. Have water bottles with your name and contact info printed on the labels. Bring other seasonal goodies, like sunglasses or hats, with your logo to promote your brand. Keep reading our blogs for more Realtor tips and news! 

how to stay safe when selling your home

How to Stay Safe When Selling Your Home

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Selling your home involves several moving parts, including securing your property during the process. With a focus on safety, here are some ideas on how to stay safe when selling your home.

Do a walk-through with your Realtor.

The walk-through with your Realtor is the first step in learning more about how to stay safe when selling your home. Your Realtor will review safety tips and more.

During the walk-through, Realtors remind sellers to check all entrances and exits to the home, including all window locks, ensuring they are secure and in working order. They will also review what items to remove or store while showing your home.

Secure your valuables and personal items.

After the walk-through, go through your home and prepare it for future showings. Store personal items such as valuables, paperwork, prescription medicines and family photos, for example, in a safe location.

Check your locks and security systems.

Before and after every showing, check the locks on the doors and windows. If your home is not equipped with a camera doorbell or other security system and features, consider adding some for additional safety while selling your home.

Your Realtor will always be present to show your home.

If someone is interested in seeing your home, your Realtor will work with them directly and keep you informed. Realtors should always be present for the showing. They often arrange for the sellers to be away from the property during that time.

Go over your agent’s screening process.

Part of being a Realtor is prioritizing safety, not just that of clients and their homes, but their safety. Realtors typically have a screening process to help identify serious buyers.

As a seller, ask your Realtor about the steps taken to ensure safety during showings and open houses.

Use lockboxes.

Lockboxes secure your keys, and they are electronic, so they can track who has access to your home. They add yet another layer of security during the selling process.

Create an open house checklist.

Finally, work with your Realtor to create an open house checklist. Ask if anyone will assist your Realtor at the event, whether they collect contact information from visitors and more.

Summary

Now that you know more about how to stay safe when selling your home, it’s time to connect with a local expert! Are you in the Lee County area and ready to list your home? Connect with one of our REALTORS!

And for more real estate tips and industry news, continue reading our blogs.

things for home buyers and sellers to consider in 2024

5 Things for Home Buyers and Sellers to Consider in 2024

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Does 2024 include a big move for you? From first-time buyers to seasoned investors, here’s a list of five things for home buyers and sellers to consider in 2024 to better prepare them for the real estate journey ahead.

Interest and mortgage rates.

It’s always a good idea for potential home buyers and sellers to keep an eye on interest and mortgage rates. Since October 2023, mortgage rates have begun to steadily decline from 8% to 7–6%. But rates will most likely remain volatile.

Experts suggest paying attention to the Federal Reserve’s interest rate decisions for a hint at where mortgage rates are going in 2024. 

The long-term value of owning a home. 

Homeownership is one of the most reliable and quickest ways to build wealth for a variety of reasons. First of all, it stabilizes a homeowner’s housing expenses with fixed monthly payments. Second of all, as you continue to pay off your mortgage loan, you build equity in the home.

Hence, you add value to your net worth.

Think about what you need versus what you would like. 

Whether you are a first-time home buyer or you’ve done it before, figuring out your needs versus what you want helps you narrow your search. And, from there, you can begin adding on those wants. 

Industry experts have predicted that a few of those key features for 2024 include sustainability, luxury amenities and seamless outdoor-indoor living spaces. 

Calculate your budget. 

Knowing your budget is not a new idea, but it remains one of the top things for home buyers and sellers to consider in 2024. In general, designating about 25% of your net income toward a mortgage payment is a good rule of thumb. 

It’s a good idea to work with your local Realtor or mortgage lender to help calculate your budget. 

Working with an experienced local Realtor. 

Finally, when it comes to things for home buyers and sellers to consider in 2024, working with a knowledgeable local expert is key. In terms of finding the right Realtor for you, talk to a few different Realtors. Ask them questions, read their reviews and ask about their rates and fees, for example.

If you aren’t sure where to start when it comes to finding a Realtor in Lee County, our member search offers a listing of Realtors, real estate offices, affiliates and more. 

Summary

A new year goes hand-in-hand with new possibilities and opportunities, and that includes investing in real estate. Become more familiar with our local market and the opportunities ahead by connecting with us on Facebook, Instagram and LinkedIn, where we share local statistics, insights and more. For more buying and selling tips, local news and trends, continue to read our blogs. 

an overview of seller concessions

Real Estate Defined: An Overview of Seller Concessions

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Buying a home is a big deal. Selling a home is a big deal. There are a lot of moving parts and factors to consider on both sides, including the cost. But costs can quickly go beyond a list price. Let’s look at an overview of seller concessions as an example.

What are seller concessions?

The best way to begin an overview of seller concessions is to explain what seller concessions are exactly. To simplify, seller concessions can sweeten the deal and could help expedite the selling process.

More specifically, seller concessions cover specific costs associated with buying a house that the seller agrees to pay. Seller concessions could include certain home improvements or repairs as well as some of the closing costs.

For instance, seller concessions may include several different fees such as the inspection fees, appraisal fees and the attorney fees.

Even though seller concessions can help lower the upfront costs and attract buyers, there are pros and cons for both buyers and sellers.

Seller concessions for buyers and sellers

For buyers, the upside to seller concessions is it can save you a significant amount at the closing table, making a home more affordable. This can also allow potential buyers the chance to make a higher offer, which may have a better chance of standing out in a competitive market.

From the seller’s perspective, seller concessions may speed up the sale of your property by making it more attractive to buyers in a crowded market.

Summary

Now that you’ve read an overview of seller concessions and what they could mean for you as a buyer or seller, reach out to your local Realtor to discuss your next move within our market. You can also learn more about our local market, real estate trends and other industry news by reading our blogs!

Tips for selling your home during the holiday season

3 Tips for Selling Your Home During the Holiday Season

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Selling your home takes work, and during the holiday season, unique circumstances could come up. However, buyers during this time are often more serious, and typically there are fewer homes being listed to compete with. Check out these tips for selling your home during the holiday season.

Make your home cozy.

It is important your home feels inviting during showings; that’s why decorating is vital. Homes often look their best during the holiday season, but be careful not to overdo the seasonal decorations.

As buyers tour homes, they will want to be welcomed by an inviting environment. Add décor pieces such as candles, throw blankets, traditional holiday patterns, and even foliage when styling your home. Avoid using personalized holiday décor, such as stockings with names and personal holiday cards.

Take good listing photos. 

While these holiday decorations make buyers touring your home feel welcome, your listing photos should have a timeless feel. Make sure the photos on your listing aren’t just a snapshot of a moment in time during a holiday.

Using a holiday photo on your listing may remind buyers that your home has been sitting on the market for some time.  

Hire a dependable real estate agent.

A good real estate agent will help guide you through the process of selling your home. It is important you hire an agent who won’t disappear during Thanksgiving, Christmas, or the New Year.

Find a reliable agent by asking your friends and family if they have any recommendations. Ease your stress by doing this and utilizing other tips for selling your home during the holiday season.

Summary

Are you thinking about selling your home? Keep in mind these tips for selling your home during the holiday season. These strategies will be sure to help you prepare to list your home and get it sold as quickly as possible.

Continue reading our blogs for more real estate news and tips!