Posted by Competitive Edge Real Estate Services on 2/13/2018

A nightmare home selling experience is something that every home seller wants to avoid. Fortunately, we're here to teach you the ins and outs of selling a house so that you can minimize the risk of problems that could lead to a nightmare home selling experience.

Now, let's take a look at three tips to help you avoid a nightmare home selling experience.

1. Study the Real Estate Market Closely

You don't need to be a real estate market expert to find ways to maximize the profits from your home sale. Instead, you can study the real estate market closely and gain the insights that you need to price your house competitively.

Remember, a home seller's goal is to optimize the value of his or her house. To accomplish this goal, it is paramount to establish the right home price from day one. Otherwise, a home seller risks alienating buyers with a price that is too high, or missing out on profits due to a price that is too low.

Take a look at the prices of available houses in your area that are similar to your own. This housing market data will enable you to see how your residence stacks up against the competition so that you can price your house accordingly.

2. Conduct a Home Inspection

A home inspection usually is completed after a home seller accepts a buyer's offer. However, a home seller who conducts an inspection before listing his or her residence can increase the likelihood of a profitable home sale. Perhaps best of all, this home seller can avoid the danger of a buyer requesting home repairs or a price reduction later in the home selling cycle.

During a home inspection, a property expert will evaluate your residence both inside and out. This property expert then will provide a comprehensive report that details his or her findings.

Examine a home inspection report. That way, you can find out about your house's strengths and weaknesses and take the necessary steps to transform various weaknesses into strengths.

3. Hire an Experienced Real Estate Agent

An experienced real estate agent understands exactly what it takes to sell a home, regardless of the current housing market's conditions. As such, this real estate agent can serve as a guide throughout the home selling journey and help you immediately identify and resolve any potential home selling hurdles.

For example, an experienced real estate agent can provide you with a wealth of housing market data before you list your residence. This housing market professional will help you make sense of assorted real estate data and ensure that you can establish a competitive price for your house. He or she also will promote your house to the right groups of buyers and help you enjoy a quick, seamless home sale.

When it comes to selling your home, there is no need to leave anything to chance. Take advantage of the aforementioned tips, and you can avoid a nightmare home selling experience.




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Posted by Competitive Edge Real Estate Services on 1/2/2018

Selling a home may prove to be a long, exhausting journey, particularly for those who fail to plan ahead. In fact, there are many reasons for home sellers to map out the home selling journey, and these reasons include:

1. You can identify any potential home selling pitfalls.

Although selling a home should be a quick, seamless process, problems may occur without notice that prevent you from optimizing the value of your house. Fortunately, if you plan ahead for selling your house, you can take the necessary steps to identify and address potential home selling pitfalls.

For example, conducting a home inspection before you list your residence may prove to be exceedingly valuable. This inspection enables a property expert to detect any underlying problems with your home. Then, you can use the inspection findings to prioritize home improvement projects. And once you complete these projects, you can enhance your house, increasing the likelihood of a profitable home sale.

2. You can improve your house's appearance.

Let's face it – few homebuyers likely will be attracted to a home with a messy, cluttered front lawn. Luckily, a home seller who prepares for the home selling journey can revamp a house's exterior and eliminate any eyesores.

A home seller may notice assorted home exterior problems if he or she takes an objective approach. By doing so, a home seller can consider a homebuyer's perspective and devote the necessary time and resources to bolster a house's curb appeal.

With a stunning home exterior, a house is likely to stand out from similar properties that are available. As a result, a home with superior curb appeal may generate lots of interest from potential buyers as soon as it becomes available.

3. You can get the support that you need to succeed.

No home seller should be forced to move along the home selling journey alone. If you hire a real estate agent before you list your house, however, you can get the support that you need to succeed.

A real estate agent understands the ins and outs of selling a house and can help you plan accordingly. Therefore, this housing market professional will make it easy for you to get the best price for your house, regardless of the current real estate sector's conditions.

Typically, a real estate agent will meet with you and learn about you and your house. This housing market professional next will tailor his or her home selling efforts to ensure that you can achieve your desired results.

A real estate agent also is ready to respond to any home selling question. For a real estate agent, there is no such thing as a "bad" question. This means you can ask a real estate agent any question about selling your house, and this housing market professional will provide you with a thoughtful response.

Clearly, there are many reasons to plan ahead for the home selling journey. If you start planning to list your house, you can improve your chances of enjoying a successful home selling experience.





Posted by Competitive Edge Real Estate Services on 8/29/2017

There are countless reasons a homeowner might want to sell their home and buy another. Some want to move for a change of scenery or to relocate for work. Others are parents with a recently empty nest who want to downsize to something more affordable that meets their needs.

The good news for second time homebuyers is that you already have an idea of what to expect when buying a home. The research, paperwork, disappointments, and delays that come with buying a home can all be prepared for. However, if you have the burden of selling your old home, finding a temporary place to live, and then moving into a new one, your responsibilities can be doubled or tripled.

In this guide, we’ll go over how to prepare for selling your old home and moving into the new one. We’ll cover some common mistakes and offer some advice to keep you sane throughout this daunting (but exciting!) process.

Buying or selling first

For most homeowners, selling first makes the most sense financially. Holding onto a second house often means having to make two mortgage payments at once. Similarly, selling first will give you a much clearer idea of your budget for your new home.

Depending on market conditions, your home may or may not sell for as much as you were hoping. It’s important to keep this in mind before signing onto a new mortgage.

Moving logistics

Once you sell your home, you’ll have to work out living and storage arrangements until you are ready to move into your new home. It may seem easy at first--just rent for a couple months until your move-in date, right? It isn’t always that simple, however, as deals can sometimes fall through and you can find yourself with a move-out date from your own home without having finalized a deal on your new home. Because of this, many homeowners elect to may their current mortgage for an extra month or two until they can move in to their new home. 

Research your options for short-term living and storage in your area. See if you can work with moving companies who will give you a discount for helping you move twice; once to the storage facility and again to your new home.

One way around this is to time your move out and move-in dates so that you don’t have to worry about storage. Some homebuyers will even move into the new home before officially closing on the home (i.e., take possession before closing). While this may be convenient, it can also be dangerous for the buyer and the seller.

Plan meticulously

One of the best piece of advice we can give is to stick to your schedule and keep good records during your buying and selling processes. Make sure whoever buys your home is aware of your plans for moving out and that anything that could delay those plans (inspection issues, moving logistics) are taken care of.  

Keeping track of all this information can be difficult, so don’t be afraid to keep a daily list or planner of the things you need to take care of, and never be afraid to reach out to your real estate agent who will often be able to advise you on the best way to make your move as smooth a process as possible.





Posted by Competitive Edge Real Estate Services on 6/20/2017

Let's face it – no condo seller wants to deal with a high-pressure negotiation. Lucky for you, we're here to help you streamline the process of selling your condo so you can avoid stressful negotiations with property buyers.

What does it take to remain calm, cool and collected during a negotiation with a condo buyer? Here are three tips that every condo seller needs to know.

1. Consider the Condo Buyer's Perspective

As an informed condo seller, it is important to consider both sides of a negotiation. By doing so, you can evaluate a condo buyer's perspective and plan your next move accordingly.

For condo sellers, the goal is to get the best price for a property. As such, a condo seller who performs extensive housing market research probably understands the true value of his or her residence.

On the other hand, a condo buyer is likely to conduct real estate market research on his or her own. This property buyer also will assess the current condition of a condo in relation to his or her budget and submit an offer that accounts for these factors.

Ultimately, a condo seller and buyer should try to find common ground. That way, both parties can work together to get the best results out of a negotiation.

2. Review All of Your Options

After a condo seller accepts a buyer's proposal, the next step likely involves a property inspection. At this point, a condo acquisition may move forward, or a condo seller might need to rethink his or her plan.

If a condo inspector discovers myriad problems with a property, a condo buyer may ask the seller to complete repairs or lower the price of the property. Meanwhile, a condo seller will need to review all of his or her options quickly.

Following a condo inspection, it is important to consider the results of the evaluation.

If a condo seller discovers major repairs are required, he or she should consider completing the repairs or lowering the price on a property.

Or, if a condo buyer asks for a major price reduction even though only minimal repairs are needed, a seller should be unafraid to say "No" to the buyer's requests.

It is important for a condo seller to feel comfortable with any decision that is made throughout the property selling cycle. Thus, if a condo seller is uncomfortable with completing property repairs or reducing the price of a residence after a property inspection, he or she should be ready to decline a buyer's demands.

3. Consult with a Real Estate Agent

A real estate agent will handle negotiations between a condo seller and buyer. Therefore, this housing market professional can play a pivotal role in a seller's ability to get the best price for a condo.

Consulting with a real estate agent who possesses condo experience is key. This real estate agent can keep you up to date during negotiations with condo buyers and ensure you are fully satisfied with the final results.

Take advantage of the aforementioned tips, and you can move one step closer to maximizing the value of your condo.




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Posted by Competitive Edge Real Estate Services on 6/6/2017

If you're planning on selling your home in the coming years, now is the perfect time to start making home improvements that will increase the value and demand of your home once it's on the market. Increasing the market value of your home, however, isn't just a matter of replacing old appliances or dressing up rooms to look more luxurious. Follow these five expert tips on how to increase your home value without wasting time or money on projects that won't pay off.

Paint everything

One basic improvement that will almost always pay off is a fresh coat of paint in each room of your home. It isn't a very costly improvement, and it can both clean up and modernize rooms that are in need of an update. Remember that your walls make up the majority of what buyers see when they walk through your home. The wall paint makes up the big picture that all of the small details of your home fit in, therefore your paint colors should be chosen to fit the style of the home and the time that we live in. Avoid colors that are too dark or too blindingly white. If you're at a loss for which colors you want to use, try out a free color palette creator online to experiment with different schemes.

Door replacement

As a new home buyer approaches your home for the first time their eyes are going to be locked on the door. Take advantage of good first impressions with a quality door. One that compliments the exterior color of your home will do wonders to improve the overall appearance of your home. Aside from their aesthetic value, doors also provide insulation and security. Choose a door that is EnergyStar certified to keep the heat in, but also make sure it has top rate locking mechanisms so the next family to live in your home feels safe.

Increase storage space

Storage capacity is highly sought after in the house market. No one wants to drive to a storage container just to get their belongings. Having all of your property in one place makes things less complicated. Increasing storage space can seem difficult or impossible, but there are a few tricks that will help convince potential home buyers that they won't run out of room. Here are four of our favorites:
  • Install storage beds in the bedrooms
  • Buy a kitchen table with a storage cabinet
  • Put a bench in the mudroom that has storage inside
  • Install cabinets in your garage or shed to take advantage of unused vertical space

Kitchen and bathroom makeover

Two rooms in your home that will attract the most attention are the kitchen and bathroom(s). The kitchen has endless opportunity for upgrades. Installing a new sink, cabinets, and a hanging pot rack can all give your kitchen a modern makeover. In the bathroom, surface level upgrades like a new toilet seat and shower curtain and bathroom mirror go a long way. Upgrading an old bathtub, shower head, and toilet are also great ways to increase the value of the room. Keep in mind energy efficiency when purchasing any of these items. Know the neighborhood Determining which home improvements will most increase the value of your home is dependent on many factors, including the neighborhood you live in. It is possible to "over-improve" your home to the point where it looks too luxurious next to your neighbors' homes. Ask the experts--real estate agents and contractors--for advice about improving homes in your neighborhood.







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