Classified Realty Group



Posted by Classified Realty Group on 2/12/2019

An open house can have a significant impact on the property selling journey. As such, it is important for a property seller to allocate time and resources to prepare for an open house. If a seller plans for an open house, he or she may be able to boost the likelihood of a fast, profitable property selling experience.

Now, let's take a look at three things that every seller needs to know about open houses.

1. There is no shortage of open houses held on weekends in cities and towns nationwide.

Many open house events are held throughout the year in cities and towns across the country. These events commonly take place on weekends and enable sellers to showcase their residences to dozens of prospective buyers at the same time.

Ultimately, it is important to find ways to differentiate a home from the competition. If a seller can promote his or her residence to the right groups of potential buyers, this individual may be able to convince buyers to attend one open house over another.

2. An open house gives a seller a great opportunity to make a positive first impression on buyers.

As a seller, it is paramount to embrace the opportunity to connect with buyers. An open house allows a seller to do just that, as it ensures this individual can provide buyers with a stress-free opportunity to view his or her residence.

When it comes to getting ready for an open house, it generally is a good idea to clean both inside and out. Also, a seller should perform home repairs and remove home clutter. Because with a neat, tidy residence, a seller can make it easy for buyers to envision what life may be like if they decide to purchase a particular residence.

3. Every open house provides a seller with a valuable learning experience.

Regardless of how much a seller prepares for an open house, there is no telling how this event will turn out. However, a seller who sets realistic expectations for an open house can plan accordingly.

In the worst-case scenario, no buyers will attend an open house. If this happens, there is no need to worry. In fact, a seller can learn from the experience and use it to find new ways to promote his or her residence to prospective buyers going forward.

For those who need help selling a home, it may be beneficial to hire a real estate agent. In addition to helping you get your residence ready for an open house, a real estate agent will offer tips and guidance so you can achieve the optimal property selling results. Perhaps best of all, if you ever have concerns or questions during the home selling journey, a real estate agent is ready to address them at any time.

Streamline the home selling process – hire a real estate agent today, and you can receive comprehensive assistance as you navigate each stage of the property selling journey.





Posted by Classified Realty Group on 12/17/2018

As recently as 20-25 years ago, most people thought “staging” was for the theater and model homes. The idea of professionally temporarily decorating a home to sell it was not on the average homeowner’s radar. All that changed with the advent of TLC, HGTV, and other networks dedicated to home buying/selling and renovating shows.

If you’re selling a home after years out of the housing market, you may balk at the idea of the added expense of hiring a stager, but last year’s National Association of Realtor’s report ‘Profile of Home Staging’ indicated that a massive 77 percent of buyers’ agents believe staging contributed to their client’s ultimate purchase.

Visualization is key
Living in a visual world means most people make snap judgments by what they can see. If buyers cannot “see” themselves living in the home, they’ll keep looking. First-time buyers, especially, may need that extra nudge to make the plunge. Staging for the online photos is even more important. Potential buyers indicated they were more likely to walk through a home that had staged online images.

Faster is better
While some studies completed in the past few years indicate that staging does not change a buyer’s perception of a home’s value, it does help the home sell more quickly. In the world of real estate, where the seller is balancing the mortgage on the current home with the new mortgage on the home they want, selling the home more quickly for a fair price pays for itself. After all, who wants to be carrying two mortgages?

More is also better
Ultimately, it comes down to the outcome. Yes, the house may sell more quickly when staged, but does it sell for a higher price? Is the cost of staging recouped? The evidence is less clear here, but in the same NAR study, 49 percent of agents believed staging got the seller a higher offer. And while most of those indicated the increase was in the one to five percent range of the sale price, that was more than enough to cover the cost of staging.

Is this a time for DIY?
Binge-watching renovation and real estate shows may give a seller a false sense of their own ability to effectively stage their home. Professional stagers and design professionals can cast that critical eye that allows them to minimize a home’s flaws while accentuating its features. They also have a plethora of furnishings to utilize. To do it yourself might not be worth it on balance for what you get with a professional.

The most important key is to be on the same page as your local agent. They know your local market and are aware of the comparable homes for sale in your area. They know the potential buyers and what they expect to see in your home’s price range. Put their knowledge to work for you.





Posted by Classified Realty Group on 5/2/2017

Bathroom renovations can be costly, particularly for home sellers who lack the skills and know-how to perform bathroom repairs on their own. Fortunately, there are many effective ways to revamp your bathroom and give it a distinct look and feel. Here are three tips that you can use to reinvent your bathroom on a budget: 1. Give Your Cabinets a Facelift. Drab, unattractive bathroom cabinets can be a major eyesore, particularly for home sellers who are trying to generate interest in their residences. Conversely, you can replace the hardware for your cabinets and sand, prime and paint these cabinets without having to worry about breaking your budget. New cabinet door knobs and pulls can help you transform bland cabinet doors into dazzling ones. Plus, it often is easy to replace cabinet door knobs and pulls, and you may be able to remove and install new cabinet door knobs and pulls in only minutes. Furthermore, you can sand, prime and paint cabinets to with ease. This will enable you to give your cabinet doors an eye-catching appearance quickly and effortlessly. 2. Replace Cracked or Broken Tile. Even a single cracked or broken tile can impact a homebuyer's decision to purchase your home, and you'll want to ensure that every tile looks great before you get ready to show your residence to prospective buyers. Replacing cracked or broken tile will require you to break up any loose tile with a hammer or cold chisel. Then, you'll need to clean the affected area, apply mortar to the new tile and set it in place. Also, don't forget to use a grout sealer to ensure your new tile stays in place. By doing so, you'll be able to make the tile in your bathroom look as good as new. 3. Add an Awe-Inspiring Mirror. Who says your bathroom mirror can't blend form and fashion? With a stunning mirror, you can give your bathroom a hip, chic look, one that may help your home stand out from others in a highly competitive real estate sector. Of course, you always can keep an existing bathroom mirror in place and transform its appearance with moulding as well. There are many kinds of moulding at your disposal, giving you a variety of options to choose from as you search for the best way to enhance your bathroom's appearance. No bathroom would be complete without an outstanding mirror. And if you dedicate the necessary time and resources to complete bathroom renovations, you should have no trouble adding an exquisitely designed mirror or using moulding to improve the appearance of your bathroom's existing mirror. Bathroom repairs, like many home improvement projects, can be tricky. However, your real estate agent may be able to help you figure out which repairs are critical to help you improve your chances of a quick sale. As such, you should consult with your real estate agent before you embark on any bathroom renovations to ensure your repairs will enable you to boost the value of your residence. Use bathroom renovations to make your home more attractive to homebuyers, and you may be able to give homebuyers another reason to consider your residence.





Posted by Classified Realty Group on 4/25/2017

Want to sell your small town home? You're in luck, as many homebuyers are interested in relocating to residences in small towns across the nation.

As a home seller, it is important to do everything possible to differentiate your small town house from the competition. By doing so, you'll be able to streamline the process of adding your small town residence to the real estate market and stirring up plenty of interest from homebuyers.

Get the best results out of the home selling journey – here are three tips that you can use to simplify the process of selling your small town residence.

1. Understand Your Home's Strengths and Weaknesses

Complete a home appraisal – you'll be glad you did. This assessment will enable you to learn about your home's strengths and weaknesses and act accordingly.

After a home appraisal, you can set priorities for home improvement projects. That way, you can enhance your small town house both inside and out.

Also, be sure to review comparable homes that are available in your town. With this housing market data at your disposal, you can find out how your house stacks up against the competition.

2. Establish a Competitive Price

Ultimately, you'll want to establish a "fair" price for your small town house. To accomplish this feat, you'll want to examine the local real estate market closely.

Check out the prices of houses that recently sold in your small town. This will enable you to determine whether you're operating in a buyer's or seller's market.

In addition, set realistic expectations as you consider how to price your home.

What you paid for your small town home a few years ago is unlikely to match what your house is worth today. However, if you assess your house from a homebuyer's perspective, you may be better equipped than ever before to price your home appropriately.

3. Collaborate with an Expert Real Estate Agent

For a home seller, it can be difficult to navigate the home selling journey on your own. Fortunately, you can hire an expert real estate agent who can help you overcome any potential home selling roadblocks.

An expert real estate agent understands the challenges commonly associated with selling a small town home and will do everything possible to eliminate these hurdles. He or she will promote your residence to the right groups of homebuyers, set up home showings and open houses and negotiate with homebuyers on your behalf. As such, this real estate professional will take the guesswork out of selling a small town residence.

Perhaps best of all, an expert real estate agent is happy to provide honest, unbiased home selling recommendations. And if you ever have concerns or questions about selling your small town house, this real estate professional is available to assist you at any time.

Add your small town residence to the local real estate market today – take advantage of these home selling tips, and you should have no trouble maximizing the value of your small town house.




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Posted by Classified Realty Group on 4/4/2017

After you receive an offer on your home, how should you respond? Ultimately, there are many questions for a home seller to consider before accepting a proposal, including:

1. What is my home worth?

Did you get your home appraised before you added it to the real estate market? If so, you may want to review a home offer in contrast to your home appraisal. This will give you a better idea about whether the offer is "fair" based on your home's condition.

If you have not received a home appraisal, there's no need to worry. In fact, there are many ways to assess your home to determine whether to accept or decline a proposal.

Check out the prices of comparable residences in your city or town. This will enable you to see how these houses are priced and better understand how to proceed with an offer.

Also, review the prices of homes that recently sold in your area. With this information, you can learn about the current state of the housing market.

2. Are there any other offers to consider?

As a home seller, you'll likely have 24 to 48 hours to respond to an offer on your residence. But if you receive multiple offers at the same time, you'll want to evaluate these proposals in conjunction with one another.

Even if you receive two offers for the exact same price, these proposals may differ.

For example, a homebuyer who has financing in hand will be able to streamline the process of going from homebuyer to homeowner. On the other hand, a homebuyer who submits an offer without financing in hand may require additional time to secure a mortgage from a bank or credit union.

Take a close look at all of the offers on your home. Review these proposals with a fine-tooth comb, and you'll be able to make an informed decision.

3. Does this offer meet or exceed my expectations?

An offer on your home may fall short of your initial asking price, but this offer can still meet or surpass your expectations.

Consider what you hope to accomplish as a home seller as you review an offer.

For instance, if your goal is to sell your home as quickly as possible, you may be more inclined to accept one of the first offers you receive. Or, if you can afford to remain patient, you may want to take a wait-and-see approach to ensure you get an offer that matches or exceeds your initial asking price.

4. What will happen if I accept the offer?

After you accept an offer on your home, a homebuyer likely will want to complete a home inspection.

If the home inspection goes well, the homebuyer probably will proceed with his or her purchase. If it does not, you may need to complete home maintenance or repairs to finalize the purchase agreement.

Remember, if you accept an offer, there are still several steps that will need to be completed before you sell your house. With an expert real estate agent at your side, you'll know exactly what to expect at each stage of the home selling process.




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