Houston Real Estate BlogRecently posted or modified blog posts in the category - Selling Your Homehttps://www.realtykingsproperties.com/blog/Copyright RealtyKingsProperties.com2023-03-23T08:23:14-07:00tag:realtykingsproperties.com,2012-09-20:17486What to Do When Your Home Doesn’t Sell: Top 5 Reasons<img src="https://assets.site-static.com/userfiles/1798/image/Expired_Listing.jpg" width="700" height="366" alt="Expired Listing - Home Didn't Sell" />
Are you a homeowner struggling to sell your property? Do you want to make a lot of money, put in minimal time and effort, and sell your home quickly? While these are common expectations, selling a home is rarely that simple. Many homeowners can end up with a property that hasn’t sold even months after listing. In this post, we’ll discuss the top five reasons why homes don’t sell and provide action steps you can take to overcome each issue.
Poor Timing<br />One reason why your home may not have sold is due to poor timing. Real estate markets are subject to the law of supply and demand, and this means that timing can play a significant role in whether or not your property sells.
During a seller's market, there is a shortage of inventory, and demand is high, which means homes sell quickly. In contrast, a buyer's market occurs when there are more homes for sale than active buyers, which often leads to homes sitting on the market longer and selling for less.
Economic factors, such as interest rates, affordability, and unemployment rates, can shift the market from a seller's market to a buyer's market. Seasonal factors and unexpected events like natural disasters or a stock market crash can also impact buyer activity.
If you suspect that timing is an issue, delaying relisting your property may be an option. However, most sellers are eager to sell their homes, and there are ways to motivate buyers, such as through improvements, incentives, and pricing.
Ineffective Marketing<br />Did your home get a steady stream of showings when it was on the market? If not, you may need to try a new promotional strategy. A well-written description that utilizes best practices for search engine optimization (SEO) can entice buyers to visit your property. Additionally, high-quality listing photos are crucial to showcasing your home's features and attracting potential buyers. In fact, studies show that 85% of buyers find photos "very useful" in their home search. If your photos didn't showcase your property in the best possible way, it could have kept potential buyers from taking the next step.
It's also important to consider whether your listing reached the right audience, especially if you have a unique or highly-customized home. While the Multiple Listing Service is a good place to start, some properties require a more comprehensive marketing approach.
So, what should you do if you suspect ineffective marketing was to blame for your home not selling? Consider turning to a skilled professional with a proven approach. At Realty Kings Properties, we employ a strategic <a href="https://www.realtykingsproperties.com/sellers/why-list-with-us/">Property Marketing Plan</a> that uses the latest technologies to optimize for search engine placement, position your home for the best possible impression, and connect with the right audience.
Our team knows what buyers in this market want and can craft a persuasive description that piques their interest. We also have an in-house photographer and videographer to ensure your listing photos are visually stunning and showcase your property's best features. Plus, we utilize both online and offline marketing channels to ensure your property gets maximum exposure to your target market.
Poor Condition<br />If your property received a lot of foot traffic but no offers, you may need to examine the impression you made on buyers who visited your property. Ensure that your home is in top condition and looks appealing to potential buyers. Put yourself in the buyer’s position and make sure that your home is move-in ready.
With so many homes on the market, your property has to stand out and compete with others, including brand new properties. To increase your chances of a quick sale, it's essential to make your home look as appealing as possible to buyers.<br />Start by examining the structure and systems of your home. Are there any significant cracks in the foundation, or doors and windows that don't function correctly? These issues can be major red flags that deter buyers. Also, check the condition of your home's paint and flooring. Any issues with these can make your home look poorly maintained.
Next, assess your home's curb appeal. Is there any peeling paint or damaged siding? Are the lawns and gardens well-maintained, does your property look well-cared for?
Now What? At Realty Kings Properties, we will walk through your property with you and provide recommendations on repairs, updates, and decluttering to enhance its sales potential. We will also provide tips on how to prepare your property before each showing.
We may also recommend staging techniques to highlight your home's best features and help buyers imagine themselves living in the space. Home staging is one of the hottest trends in real estate, and it works! Professionally-staged homes sell, on average, 9 days faster and for $40,000 over list price, according to the Real Estate Staging Association. In addition, the National Association of Realtors suggests that staging can help push up your final sale price by as much as 20%.
Wrong Agent or No Agent <br />Hiring the wrong real estate agent, or worse, attempting to sell your home without professional assistance to save costs may result in losing more money in the long run.
While most agents have good intentions, not all possess the skills, experience, instincts, or local market expertise needed to create a successful sales strategy, especially in today's challenging market.
In fact, research by the National Association of Realtors found that For Sale By Owner (FSBO) homes tend to sell for less than homes represented by a professional agent. For example, in 2021, the average FSBO home sold for $105,000 less than the average home sold with the assistance of an agent. Don't make the same mistake - work with an experienced real estate agent to maximize your chances of a successful sale.
Overpriced <br />Selling a home can be challenging, especially if it's overpriced. With interest rates increasing, many buyers are hesitant to pay a high price for a new home. If your home’s original asking price was set during the market's peak, then it may be time to rethink your pricing strategy.
Additionally, pricing a home can be tricky even in a stable economic climate, as several factors can impact how much buyers are willing to pay. Unique and luxury properties are particularly difficult to price because there may not be many comparable homes to compare them with.
If your home has been on the market for months without an offer, it’s essential to reevaluate your asking price. But don't worry, there are steps you can take to increase the perceived value of your home and attract potential buyers.
Firstly, consider adjusting the timing or marketing of your home to attract new potential buyers. Additionally, repairs, upgrades, and staging can make a significant difference in how your home is perceived, which may be enough to attract a buyer at your original list price.
However, if you need to sell quickly or have already exhausted other options, a price reduction may be necessary to attract the right buyer. It may be difficult to reduce the price of your home, but it’s crucial to get the attention it needs to sell.
By reevaluating your pricing strategy and taking steps to increase the perceived value of your home, you can get your home sold quickly and at a fair price.
Selling a home can be a complex process, and there are many factors to consider. If your home didn't sell, don't panic! By understanding the top reasons why homes don't sell and taking appropriate action steps, you can increase your chances of a successful sale. <a href="https://www.realtykingsproperties.com/contact/">Contact</a> Realty Kings Properties for a free, no-obligation assessment and action plan to get your home sold.2023-03-20T06:00:00-07:002023-03-23T08:23:14-07:00Yolonda Kingtag:realtykingsproperties.com,2012-09-20:16286What Are The Tax Implications Of Selling A House?<img src="https://assets.site-static.com/userfiles/1798/image/Accounting_and_Taxes.jpg" width="775" height="517" alt="Accounting and TAxes" />
The time has finally come when you are thinking of <a href="https://www.realtykingsproperties.com/sellers/adding-value/">selling your property</a>. You likely find that it’s too long a commute from your workplace or your children’s school or even too far from your family. You will likely use the money towards a down payment for your <a href="https://www.realtykingsproperties.com/for-sale/foreclosures/">new home</a>. However, are you aware that there may be tax implications of selling your home? It is important to take note of this as you could end up overestimating your gains. This article will take you through the ins and outs of taxes for selling your home.
Will I Be Taxed For Selling My Home?
The answer is it really depends. The primary residence exclusion enables sellers to exclude as much as $250,000 from their taxation. For those who file joint taxes, they can exclude up to $500,000 in taxes. There are a few conditions, however. You must have lived in that home for at least 2 of the prior five years. Additionally, you must have owned the home for two years and it must have been your primary residence. Let’s consider a scenario. Suppose Jack and Jill bought their home for $400,000 and lived there for five years. They would not need to pay any taxes should the sale of their home be less than $900,000.
Capital Gains Tax
Hold your horses because it is not as easy as subtracting your selling price from your cost price. There are some more nuances. Your capital gain is defined as the price difference between your net proceeds and cost basis. The former refers to how much you’ve sold your house for after accounting for miscellaneous fees like real estate commission. The cost basis is how much you paid for your home taking into account major renovations. This usually works out in favor of the buyer.
Ultimately, your capital gains tax is paid on any amount larger than $500,000. Suppose in the earlier example, Jack and Jill managed to sell their home for $1,000,000, they would need to pay taxes on $100,000. There are three categories of capital gains tax depending on your income tax bracket. For couples with a joint income of less than $89,250 per annum, their tax would be 0%. Should their joint income be between $89,251 and $553,850, their taxable amount would be 15%. Finally, 20% is incurred on any amount above $553,850.
If Jack and Jill were to have a combined annual income of $200,000, they would fall under the 15% category. Thus, they would be paying 15% of $100,000 i.e., $15,000. This amount should be paid when the tax deadline is due. You could choose to pay a lump sum or pay in increments throughout the year.
Can I Avoid Taxes?
Simply put, yes! There are a few ways you can do this.
1031 Exchange
Tax loss harvesting
Not selling your property
Of course, the last one would only work if you do not need to sell your current home to buy another!
*Capital Gain tax amounts noted above are based on IRS 2023 Long Term Capital Gain Tax Chart. Please consult your CPA for current year amounts and state specific capital gain tax breaks.2023-01-30T07:00:00-07:002022-12-27T02:20:33-07:00Yolonda Kingtag:realtykingsproperties.com,2012-09-20:16285Home Staging Tips To Sell Your House Fast<img src="https://assets.site-static.com/userfiles/1798/image/Interior_Design.jpg" width="775" height="517" alt="Interior Design" />
Consider this scenario that is all too familiar to Americans. The spring or summer months are approaching, and you want to be able to sell your home fast. However, although you have listed your home on the right pages and have a fair asking price, people do not seem interested in what you have to offer. What do you do then? With these <a href="https://www.realtykingsproperties.com/sellers/showing-your-home/">home staging tips</a> that we offer, you are sure to be prepared to sell your home with confidence. So, let’s dive in!
What Is Home Staging?
Many people may not have heard of home staging, but this is a key part of the process that can make all the difference! It is a kind of visual set-up that flatters your home without it being too obvious! For those familiar with beauty trends, home staging is akin to a no-makeup makeup look! That’s right, you don’t want to be too obvious about staging but want to make your home aesthetically appealing to potential buyers. It can help hide flaws and use the space creatively.
How Can Home Staging Help You?
Did you know that staging can affect nearly 50% of buyers’ views of a home? Moreover, it makes it easier for the potential buyer to visualize the space. If buyers notice a lot of issues with the home, it could reduce their offering price or cause them to pass on your home. Staging is so vital to help you make the most money from your transaction!
Clean Your Home
efore you can start to flatter your home, you need to ensure that you have a clean canvas to work with. This means that everything from the floors to the ceilings, the living room, and the washrooms should be spotless. Cleaning automatically makes your <a href="https://www.realtykingsproperties.com/sellers/adding-value/">home look newer</a>.
Time To Declutter
Clutter is important to remove especially if your home is small because it makes your home look like it has less space! Moreover, it makes it harder for the potential buyer to visualize the area. It’s time to pack away or even throw items that are unnecessarily taking up valuable space.
Remove Personal Trinkets
That photograph of you or your spouse from your last holiday may not be regarded as fondly by potential buyers. Remember the psychology of buyers: they are trying to envision themselves in your space. Help them by removing all personal items like photographs, clothes, and even your children’s toys.
Odors Make A Difference
Your sense of sight is but one of your senses so ensuring that you appeal to all of them is key. Think about your favorite places and surely, you’ll recall what they smell like. Similarly, for staging a home it is important to ensure your home smells good by lighting a scented candle or baking cinnamon buns.
Think About Your Exteriors
This is important because your potential buyers will view your home from the outside before going in. Do ensure that your lawn, hedges, and trees are properly trimmed and that there are no overgrown weeds in your garden.2023-01-23T07:00:00-07:002022-12-26T06:38:17-07:00Yolonda Kingtag:realtykingsproperties.com,2012-09-20:16283How Long Does It Normally Take To Sell A House?<img src="https://assets.site-static.com/userfiles/1798/image/Selling_Home_Meter.jpg" width="617" height="535" alt="Selling Home Guage" />
You have decided that this year you are finally going to move homes. It must be a stressful time, what with juggling multiple aspects of the process, both as a buyer and a seller. Likely, you are looking to sell off your place as fast as possible to ensure that you can put in the down payment for your new home and move there before the fall. If you’re wondering how long it takes to sell a house, you have come to the right place. Here, we will discuss the average amount of time homes stay on the market, the breakdown of the time you’ll spend, and tips to sell your home faster.
How Long Does It Take To Sell?
As always, there are a number of factors that you’ll have to look at it arrive at a precise figure. Whether the market is flourishing in general, the time of the year, and your location. A cocktail of these factors will ultimately decide the projected time it’ll take for you. Let’s look at these in turn. Firstly, in 2020, the average amount of time that homes sold was 25 days, but it varies greatly by year. In warmer months, homes tend to sell much faster and the converse is true for winter months. If you are residing in places like Columbus, OH or Salt Lake City, UT, your home may sell even faster than the average. To find out what the average is like for your location, do reach out to your real estate agent and keep an eye on listings in your area.
What Is The Process Of Selling?
Having an idea of what entails selling your home will give you a good gauge of how long each part of the process will take.
Listing and waiting for offers: On average, your home will be on the market for less than a month before you <a href="https://www.realtykingsproperties.com/buyers/making-an-offer/">accept an offer</a>. Of course, this can go up to 2 months too.
Accepting an offer: It’s good practice to respond to an offer as soon as possible. Most buyers will include an expiration of 1 to 3 days.
Counteroffers: This happens after you have had the chance to stage your home or present it for an inspection. Depending on the state of your home, buyers will renegotiate the offer. This can happen in a matter of days.
Closing: From the time you agree to an offer to when you officially hand over the keys, it can take a month to 45 days. This is to complete the necessary paperwork.
How To Sell Your Home Quicker?
Ensure that it doesn’t spend too many days on the market as buyers may be wary of this.
Remember not to <a href="https://www.realtykingsproperties.com/sellers/pricing-your-home/">price your home</a> too high else you will not receive offers.
Ensure that the big repairs in your home are undertaken before you decide to sell.
Try not to list your home in the winter months if you are trying to make a quick sale.
With an idea of the selling process and some handy tips, you should be able to sell your home in no time!2023-01-09T07:00:00-07:002022-12-26T06:15:57-07:00Yolonda Kingtag:realtykingsproperties.com,2012-09-20:12679 What Do Home Appraisers Look For In A House?<img src="https://assets.site-static.com/userfiles/1798/image/Hands_with_Magnifying_Glass.jpg" width="999" height="667" alt="Hand with Magnifying Glass" title="Home Appraisals" />
Are you wondering what home appraisers look for in a house? A house appraisal is an important part of the <a href="https://www.realtykingsproperties.com/buyers/first-time-buyers/">home purchasing process</a> since it establishes the worth of a property. Understanding how the appraisal process works may help both buyers and sellers properly prepare since an appraiser will check for many essential aspects while performing a house appraisal. Read on to learn more.
Property Age
One factor that many people overlook that appraisers consider is the age of the home. Because both new and old homes have pros and cons, a new home isn't necessarily guaranteed to appraise well. Some older homes are well kept and located in historic areas, while some modern residences may have issues. Nonetheless, the age of the house will be considered throughout the appraisal process. New construction is usually more valuable than residences built a century ago.
Location
The location of the home will be considered by appraisers. When completing an appraisal, the appraiser will take into account the location of the home and its crime rate. The location of a property is very important in determining its value. They will consider the home's proximity to schools, police station, fire station, and hospital. They will see whether the house is on a busy street and if it is close to any owner-occupied, renter-occupied, or repossessed houses. They will also take note of whether it is in an urban, suburban, or rural area. The adjacent homes in the neighborhood will also be considered by appraisers.
General Condition
Before going too specific, the appraiser will take note of broad facts in the home, such as the materials utilized throughout the home, the property's condition, and any worrisome physical aspects of the property that may affect its habitability. They will take note of anything that appears structurally unstable or hazardous to live in. They will also inspect the general care of the home, such as leaking faucets, missing doorknobs, and other maintenance concerns. While they will not search for indicators of cleanliness, they will look for signs of neglect, such as shredded carpets, broken doors, cracked walls, broken appliances, damaged flooring, broken windows, and so on.
Home Improvements
The appraiser will take note of any areas in the house have been upgraded, particularly the bathrooms and kitchen. Energy-efficient appliances and other environmentally friendly components of the home are advantageous. They will also notice whether there is a fireplace or if there is a fence, patio, or porch outside the house.
Certain upgrades increase the value of a home while others do not. Any further home improvements, such as new siding, a new roof, a new front door, or new hardwood flooring, will influence your property's appraisal.
Choose Realty Kings Properties
Do you require the services of a top-notch real estate agent? Count on Realty Kings Properties to represent you in <a href="https://www.realtykingsproperties.com/sellers/">selling a property</a>. We offer the greatest degree of integrity, results, expertise, and efficiency. Our staff has years of experience, which gives us a thorough awareness of the local market as well as buyer and seller attitudes. 2022-04-15T14:09:00-07:002022-04-17T06:16:28-07:00Yolonda Kingtag:realtykingsproperties.com,2012-09-20:12678Steps To Selling A House Fast And Get The Most Money<img src="https://assets.site-static.com/userfiles/1798/image/Home%20Sale%20Auction.jpg" width="999" height="667" alt="Home Sale Auction" title="Fast Home Sale" />
The amount of work and effort you put in before putting your property up for sale will play a role in selling it quickly for the largest sum of money. To ensure that you are properly preparing your house for sale, it is recommended that you consult with a top local real estate agent. If you want to sell a house fast and get the most money, here are some tips for you.
Add Value with Home Improvement
When preparing to sell your house, there are a variety of home renovations that will <a href="https://www.realtykingsproperties.com/sellers/adding-value/">add value to the property</a>. Cleaning and depersonalizing a property are two excellent strategies to guarantee that your home is in top condition and will appeal to the greatest number of purchasers. Doing so will increase the value of your house whether you are selling by yourself or with an excellent local agent. Keep in mind that working with an agent gets sellers 25% more money on average. These tips can help you speed up the sales process and get the maximum money for your house.
Proper Pricing
Pricing your house to appeal to the greatest number of buyers is one of, if not the, most crucial aspects of selling your home quickly for the most money. Your pricing approach will play a significant role in the selling of your house, so be sure you and your agent are on the same page. Your Agent will not always have the right price, but it will be an outstanding price for achieving your specific goal of selling your property quickly. Pricing errors are common among sellers, and they will prevent your house from selling fast.
Good Marketing
Realtors utilize specific marketing methods to ensure that your house sells quickly and for top money. The greatest method to market a property is to reverse engineer the attention of purchasers. You may get every email address of a realtor who has clients who match the residence you want to sell. When you plug it into a Facebook ad, it places your home in front of every realtor who has a buyer looking for a property like yours.
Negotiate Professionally
Negotiations are not a conflict. Rather, they are a gathering of minds to see whether there is a situation that is beneficial to both the buyer and seller. There is a time and place to fight for a client, but if a real estate agent negotiates in an unprofessional manner, the deal will be lost. Deals break apart if you do not negotiate effectively.
Choose Realty Kings Properties
Realty Kings Properties represents the region's best properties by combining exceptional skills and the most cutting-edge technologies available today. We offer the utmost in integrity, results, expertise, and efficiency. Our team has years of full-time experience which have given us a deep awareness of the regional market as well as a good comprehension of the attitude of house buyers and sellers. You can count on us to represent you in <a href="https://www.realtykingsproperties.com/sellers/">selling a property</a>.2022-04-15T14:04:00-07:002022-04-17T06:41:10-07:00Yolonda Kingtag:realtykingsproperties.com,2012-09-20:12378Tips For Getting The Best Price For Your Home<img src="https://assets.site-static.com/userfiles/1798/image/plan-your-savings-to-buy-the-best-home.jpg" width="750" height="410" />
As a home seller, you would naturally want to fetch the best price possible for your home. As such, it is imperative to equip yourself with relevant industry knowledge to prevent your home from being sold at an undervalued rate. <a href="https://www.realtykingsproperties.com/sellers/pricing-your-home/">Unsure of how much your home is worth</a> and how to gauge the best price for your home? Fret not, this article will address the different factors that come into play when it comes to pricing your home for sale.
Physical Strategies
Fetching the best price for your home involves two different types of strategies: physical and pricing strategies. As the name suggests, physical strategies consist of actions you can take to increase the value of your home. This includes cleaning up every corner of the home, replacing broken furniture, sprucing up the lawn, repainting outdated walls, and others alike. All of these can help increase the valuation of the home, helping to fetch a higher price for your home.
One thing to take note of, however, is to spend wisely on renovation. You would not want to end up overspending on the renovation as it would defeat the original purpose of trying to increase your home’s value.
Pricing Strategies
Below are some tips that you can adopt when deciding on the selling price of your home.
Competitive Pricing. Pricing your home’s listing is the single most important decision when selling your home. Pricing a home can be a challenging task to do right, going too low leaves money on the table while going too high turns potential buyers away. One widely-used practice in the industry to price a home is to evaluate the prices of similar homes going on sale. Put yourself into the shoes of a buyer and decide what would be a fair price for your home.
Strategic Price Points. Homebuyers typically have a stretched target price range when looking for homes. As such, pricing homes at $177,900 would likely get you the same number of offers as if you would have priced them at $179,900. Make good use of this by pricing your homes at such strategic points, which typically lies just below a “pleasant-sounding* whole number.
Hiring Experienced Real Estate Agents. Every real estate agent is different in their way and offers different value propositions. When looking for real estate agents, be sure to find one that is familiar with your local market and find out comparable homes that the agent has sold recently.
Hiring a real estate agent is highly recommended for those that have no experience or find no luck in selling homes. Real estate agents help to evaluate your home, give an estimate on the value of your home, take professional photographs for listings, as well as other relevant work alike to ensure your home is successfully sold at the highest price possible. If you are on the lookout for experienced real estate agents that you can rely on, then we highly recommend that you consider Realty Kings Properties. Being a team brokerage, clients working with them have a whole team supporting the sale of their homes instead of one individual agent. <a href="https://www.realtykingsproperties.com/sellers/pricing-your-home/">Work with us today</a> to experience an unparalleled real estate sale experience. 2022-03-29T22:34:00-07:002022-03-20T23:14:09-07:00Yolonda Kingtag:realtykingsproperties.com,2012-09-20:124035 Features Most Homebuyers Want In A House<img src="https://assets.site-static.com/userfiles/1798/image/home-owners-admiring-their-home.jpg" width="750" height="410" />
One of the simplest yet widely-ignored advice in selling homes is to put yourselves into the shoes of homebuyers. Only when you genuinely understand the needs and concerns of your customers, then will you be able to put together an <a href="https://www.realtykingsproperties.com/sellers/marketing-your-home/">attractive home package to attract their interests</a>. If you are looking to sell a home, then this article will entail some of the most important things people look out for when buying a home.
Air Conditioning
Ranking in as the number 1 most important thing to have in a property is none other than an air-conditioner. Americans love comforts and want to live in a home that keeps them and their family as comfortable as possible. In a survey conducted to find out must-have home features, 42% of respondents mentioned air-conditioners as part of their top three must-have items, while another 47% wouldn’t even consider buying a home that lacked an air conditioner. This is especially so for properties in areas that have a warmer climate such as Texas.
If the home you are looking to sell does not have a working air-conditioner or is extremely worn out after many years of use, it might be a good idea to replace them with a new one. A new air conditioner will largely increase the appeal of your living space during home visitations, increasing the odds of deals being closed.
Garage
Understandably, most buyers want to purchase large houses that come with a spacious garage to set up a workbench and stow their cars. Apart from accessibility and convenience factors, a garage also increases the security of your home and protects vehicles from unprecedented weather.
Hardwood Floors
In recent years, hardwood floors have become a hot favorite in the real estate industry. As compared to outdated carpets, hardwood floors are much easier to maintain and also add to the appeal of the home. Hardwood floors are perfect for families with toddlers that tend to make a mess, as well as for families that own pets like dogs.
Dine-in Kitchens
For convenience’s sake, many families prefer to have their dining area located in the kitchen as opposed to the old days where formal dining rooms are allocated. Dine-in kitchens make it easy not only for the family to dine together, but can also be a convenient way to entertain and watch over kids as they do their homework.
Good Lighting
The atmosphere of a home is largely dependent on how well-lighted the apartment is. As such, many buyers are on the lookout for homes with many windows that bring in good lighting. Windows can also be complemented with the use of window treatments and blinds.
With the information above, you now know what factors matter the most to home buyers. If you are seeking for real estate agents to help sell your home at a good price in a short period, then there is no need to look further from Realty Kings Properties. At Realty Kings, each client has a team of professional agents working to help sell the home, each with their specialized skillset. <a href="https://www.realtykingsproperties.com/sellers/">Work with us today</a> to experience top-notch real estate selling services.2022-03-22T22:54:00-07:002022-12-26T07:05:21-07:00Yolonda Kingtag:realtykingsproperties.com,2012-09-20:12402Increase Your Home Value With These Green Features<img src="https://assets.site-static.com/userfiles/1798/image/property-investment-and-house-mortgage-financial-concept.jpg" width="750" height="410" />
When it comes time to let go of your home, you are highly encouraged to do up preparation work to <a href="https://www.realtykingsproperties.com/sellers/adding-value/">increase the value of your home</a>. Properties in good condition sell much faster in comparison to properties that appear worn out. The condition of properties plays a big part in gathering the interest of homebuyers, possibly even more as compared to the size of the property. Over the past years, surveys have estimated that 70% of millennials and 71% of Gen-Xers would rather choose a home in good condition over a larger-sized home in worse conditions.
Looking to increase the value of your home? Why not consider making use of green features. Green features not only bring about amazing energy-saving benefits but also help the home appear much more appealing. Read on to find out more about using green features to increase your home’s value.
Upgrading to Energy-Efficient Appliances
If you’ve lived in your apartment for a long time without updating your appliances, chances are that they are outdated. These include items such as refrigerators, air-conditioning units, washers, and others alike. Not only will outdated appliances appear worn-out and prone to malfunctions, but they also tend to be less energy-efficient. If you find yourself constantly having to fix leaks, then it might be time to get a replacement.
Replacing worn-out appliances with brand new ones help to give your living spaces a fresh new look that will easily catch the buyer’s attention, and will only increase points during home visits. Newer models also tend to be more energy-efficient, lowering electricity and water waste.
Replacing Your Windows
A survey done by the National Association of Homebuilders suggested that 89% of home buyers today prefer to have Energy Star-rated windows. This is because energy-efficient windows like Energy Star help to keep temperatures at an ideal rate indoors. Apart from that, they also act as a layer of insulation, blocking both noises as well as cold weather on the outside.
Replacing Your Old Garage Door
Garages are known to be one of the least energy-efficient areas of a home, especially since heat often escape through uninsulated walls and windows of garages. Out of every space in the garage, the door is undoubtedly the weakest spot. On average, we open and close garage doors approximately 1500 times in a year. Needless to say, this contributes to a higher energy bill, and even more so if your garage door is old and rickety.
Replacing your garage door with new insulating ones will not help to reduce energy bills, but also maintain a stable temperature within, allowing you to do work in your garage regardless of the weather. New insulating garage doors will also decrease noise levels and increase the security of the home.
Looking to sell your home at the best rates possible? Look no further than Realty Kings Properties. At Realty, a trustworthy team is dedicated to helping you sell your home at the best rate possible in a short frame of time. <a href="https://www.realtykingsproperties.com/sellers/">Sell with us</a> and leave the work to us today!2022-03-16T11:44:00-07:002022-03-20T23:13:13-07:00Yolonda Kingtag:realtykingsproperties.com,2012-09-20:12401Most Common Mistakes To Avoid When Selling A House<img src="https://assets.site-static.com/userfiles/1798/image/house-model-with-real-estate-agent.jpg" width="750" height="410" />
Selling a home is by no means a simple feat. While the idea of transacting a sale may sound extremely simple, many factors behind the scenes come into play. Without the guidance of seasoned personnel, first-time home sellers will likely find themselves making small yet impactful mistakes that will ultimately hurt sale price as well as the duration of the sale. Read on to find out what are some of these common mistakes.
Not Setting a Firm Asking Price
Smart buyers are everywhere and will always try to negotiate for a lower price. Without doing due research on the value of your home, you might wind up agreeing to their prices to quickly complete the sale. However, this can leave a lot of money on the table as you might be selling your home at an undervalued price. As such, it is imperative to do due diligence and <a href="https://www.realtykingsproperties.com/sellers/pricing-your-home/">price your home reasonably</a> for buyers to match. If you’re unable to estimate the worth of your home, a good starting step to take would be to compare the prices of similar homes in your area.
Apart from expecting buyers to set an asking price, you should also avoid setting an unrealistic price for your home. Put yourselves into the shoes of home buyers and evaluate how the price of your home matches up against similar properties in your area. Overpriced homes usually don’t sell given the exception of a housing bubble.
Not Taking Quality Listing Photos
In today’s day and age, listing photos of properties on sale play an extremely big role in garnering the interests of potential home buyers. The majority of home buyers look for potential apartments online. As such, the only way you can gather their interests is to take high-quality listing photos that appeal to the crowd. If you are planning to take listing photos yourself, it is recommended to use a wide-angle lens that will provide viewers with a better view of what the room looks like.
Not Using a Real Estate Agent
While it is possible to successfully sell a home without real estate agents, the process can be extremely tedious. This is especially so for first-time home sellers that have no experience in selling homes. In an attempt to cut costs, some home sellers choose to sell their homes without the help of real estate agents. As a result, many unprepared home sellers let go of their homes at a value much lower than the market rate. While it may be true that real estate agents usually take a hefty commission of roughly 5-6% of the sale, most good agents will have your best interests at heart.
If you’re unsure of how to go about selling a property and are on the lookout for trustworthy real estate agents, <a href="https://www.realtykingsproperties.com/sellers/pricing-your-home/">Realty Kings Properties</a> might just be what you are looking for.2022-03-09T12:34:00-07:002022-12-26T05:29:39-07:00Yolonda Kingtag:realtykingsproperties.com,2012-09-20:12400Reasons Your House Is Not Selling And What To Do About It<img src="https://assets.site-static.com/userfiles/1798/image/real-estate-home.jpg" width="750" height="410" />
Many inexperienced home sellers become distraught when they list their properties in the market for sale, yet offers are limited and showing requests are few. If the above situation sounds familiar to you, then you have come to the right place. Read on to learn about why your home is not selling and what are the recommended ways to deal with such a situation.
Selling a home isn’t any simple task, and whether or not your home is sold depends on many more factors than just price. Before you dive head-first into lowering your asking price for a quick sale, consider if other factors are limiting the sale.
Outdated Home
If you’ve listed your home for sale in a rush out of necessity, chances are that you haven’t had the time to refurbish and update your home to be in an ideal position for sale. In this case, even lowering the asking price to what you deem to be below market value can result in difficulty in getting sales. This is because the mindset of most home buyers is fixated on buying a home in good condition that is ready for moving in anytime. It is estimated that approximately 71% of Gen Xers and 70% of millennials are willing to sacrifice home size in exchange for a home that requires no updates.
In such a situation, it is recommended for home sellers to instead turn to house-buying companies as well as real estate investors instead of commercial home buyers. Most real estate investors are willing to purchase homes that need a little work if they are being sold at a reasonable price.
Missing the Market’s Peak
If you’ve listed your home for sale for some time, the velocity of the market might have already been changed, resulting in your asking price being too high as compared to market value. One such example is the market cool-off that occurred toward the end of 2021. After almost 18 months of intense bidding wars and rising price increases, many sellers looked to rush their sales, resulting in buyers retreating from fatigue.
Depending on the situation, the home seller can either raise the standards of the home or decrease the asking price. Put yourself into the shoes of a home buyer in your area and ascertain if your home’s offer is attractive enough.
High Asking Price
Of course, in some situations, potential home buyers are simply turned off by the significantly high asking price. Homebuyers pay extra close attention to overbuying, and will rarely buy an overvalued home unless special conditions are met.
<a href="https://www.realtykingsproperties.com/sellers/pricing-your-home/">Unsure of whether your asking price is too high for the market</a>? Fret not, you are not alone. Estimating a reasonable asking price can be extremely difficult and is usually done by professional real estate experts like Realty Kings Properties. <a href="https://www.realtykingsproperties.com/sellers/">Work with us today</a> to sell your homes quickly at a desirable price!2022-03-01T23:18:00-07:002022-03-20T23:12:42-07:00Yolonda Kingtag:realtykingsproperties.com,2012-09-20:12065An Essential Home Selling ChecklistAre you getting ready to sell your property? If so, it’s time for you to get down to work because many tasks need to be completed before you could list your property. Selling a house involves much more than uploading a few pictures of the house and putting a “for sale” sign on the front lawn. Look through this home selling checklist to know what to do before going ahead to sell your house.
Find a Good Real Estate Agent
Do you believe you can sell your property on your own and save the money you would have paid a real estate agent? It may be tempting but avoid the temptation because a real estate agent may help sellers obtain 25% more money on average. That is why finding an excellent real estate agent is one of the most critical things to do before selling your home.
Do some research to identify a real estate agent who knows your particular market well, and then interview them to make sure they are a good fit. Your real estate agent should be someone with whom you feel at ease and whom you trust to sell your home for top price. Don't be scared to interview many real estate agents before deciding on one.
Increase the Curb Appeal
Buyers tend to judge a house by its appearance. You want to make sure that potential buyers have a positive first impression of your property and that it encourages them to come to the <a href="https://www.realtykingsproperties.com/sellers/showing-your-home/">open house</a> so they can see more. The outside of your property may entice prospective buyers to come inside by putting some time in relatively simple renovations, such as repainting your front door and planting vibrant flowers. If you're unsure how to improve your home's curb appeal, consult with your real estate agent about how others in your neighborhood have altered the outside before selling their homes.
Declutter
Clean tables, windowsills, countertops, and any other visible places first, then go on to cupboards, drawers, and closets behind closed doors. If the property is crammed with things, buyers may be concerned that there won't be enough room for their own items. They will not agree to pay a mortgage if they believe they would also have to rent a storage unit. Take your extra belongings and donate them or box them up to be kept somewhere. Clearing clutter can not only make your home more desirable to buyers, but it will also benefit you once you've accepted an offer and it's time to move into a new home. Moving out will be easier if some of your belongings are already packed.
Choose Realty Kings Properties
Are you looking for an excellent real estate agent? Realty Kings Properties provides the highest level of integrity, results, expertise, and efficiency. Our team has years of experience, which provides us with detailed knowledge of the local market as well as a complete understanding of buyer and seller attitudes. You can depend on us to represent you in <a href="https://www.realtykingsproperties.com/sellers/">selling a property</a>.2022-02-23T10:27:00-07:002022-02-23T23:42:37-07:00Yolonda Kingtag:realtykingsproperties.com,2012-09-20:12064Advantages Of Working With A Boutique Real Estate BrokerageChoosing the right real estate firm to deal with when buying or selling a house is a difficult decision. Working with a boutique brokerage becomes the logical choice when it comes to top-tier client care, cooperation by highly qualified experts, years of personal ties with other brokers, and local area expertise.
Experienced Agents
Even though conventional brokerages have a lot to offer, such as large teams and name recognition, clients are sometimes treated as simply another file in their drawer and sent off to the least experienced broker. A boutique real estate agency, on the other hand, allows you to deal directly with the company's agents for a more customized and thoughtful experience. Boutique brokerages often employ highly experienced and top-producing agents who are client-focused, as opposed to huge firms, where the majority of the boots on the ground are inexperienced. Agents at a boutique brokerage understand the market since they've been in it for a long time. They have completed enough transactions to be skilled at problem solving, negotiating, and <a href="https://www.realtykingsproperties.com/buyers/what-are-closing-costs/">closing deals</a>.
Dedicated Support
With an emphasis on customer satisfaction, your agent at a boutique brokerage will have the personalized support of a transaction management team to remove inefficiencies so they can deliver exceptional customer service. Your agent will work closely with the transaction team to ensure nothing gets lost in the shuffle and that you are effectively represented throughout the whole process.
Good Relationship
A boutique brokerage prioritizes developing relationships with clients, whereas huge businesses target bulk business as a method of expanding their organization. Eventually, the emphasis shifts to them rather than you. As such, an agent from a boutique brokerage will more likely care about your rights as a buyer or seller.
Customization
Agents in major firms are frequently bound by contracts that limit their capacity to tailor their services and make choices without the consent of senior management. When you engage with a boutique business, you work directly with the owner, who may tailor their services to your specific needs and collaborate with you to find unique solutions to any challenge.
Team Support
A boutique brokerage’s small, close-knit team serves to accommodate the needs of each agent and, by extension, the demands of their clients. Everyone in the team will know your story and will be well informed and aware of your desires and needs. By selecting a boutique business, you may ensure that the whole office is focused on your best interests.
Quality over Quantity
Boutique brokerages understand that each customer has unique requirements. Instead of concentrating on the number of residences purchased or sold, the boutique brokerage may focus on customer service. They will understand that your opinion matters more than in a larger corporation and will work hard to ensure your pleasure.
Choose Realty Kings Properties
Realty Kings Properties showcases the region's finest properties with excellent talent and the most cutting-edge technologies accessible today. We provide the highest level of integrity, efficiency, expertise, and results. You can rely on us to represent you in buying or <a href="https://www.realtykingsproperties.com/sellers/">selling a property</a>.2022-02-23T10:22:00-07:002022-02-23T23:43:03-07:00Yolonda Kingtag:realtykingsproperties.com,2012-09-20:12066Tips For Increasing Your Home Appraisal ValueA house appraisal is only one aspect of the process when selling or refinancing a property, but it's one aspect that you have a lot of control over. A little preparation before an appraiser arrives will go a long way toward <a href="https://www.realtykingsproperties.com/sellers/adding-value/">increasing the worth of your house</a> for an appraisal. To prepare for an appraiser's visit, you should follow these tips in increasing your home appraisal value.
What to Do
The duty of a home appraiser is simple: assess the current fair market value of your property. As a seller, you want to do everything possible to persuade the appraiser that your asking price is reasonable. There are several things you should do to ensure that your house is properly appraised:
Find a qualified and knowledgeable appraiser.
Put yourself in the position of the appraiser. Consider your property in the same manner that they will – with a critical eye.
Use your understanding of the appraisal to properly prepare your house.
Take Care of Your Home’s Interior
An appraisal is not the time to have a toilet that is running or a dripping faucet. These are simple improvements that should be completed before an appraiser visits. Arm yourself with a paintbrush and make sure to touch up your paint from everyday wear and tear. You don't get a second chance at making a good first impression, so make sure the house looks as nice as it did on the day its photos were taken.
The cleanliness of your home should have no bearing on the appraiser's valuation of it. However, the appraiser is a human being, and whatever you can do to make the appraisal’s visit to your house as pleasant as possible helps improve the home value during the appraisal. Doing a deep cleaning of your home before the appraiser arrives will not hurt.
Don’t Forget About Your Home’s Exterior
Make sure your home's curb appeal is excellent, just as you would while showing it or preparing it for listing images. If you have a dead limb on your tree, remove it. Is that a rickety fence post? Make sure it's safe. These are modest modifications that won't cost you anything, but you shouldn't allow the appraiser the chance to create a work order. Depending on how long your property has been on the market, its exterior may benefit from paint touch-ups, new mulch, and a power washing. Make careful to check the roof so that you can replace any missing shingles before the appraiser points them out.
Choose Realty Kings Properties
Are you looking to sell your property? Realty Kings Properties promotes the greatest homes in the region by combining excellent abilities with today's most advanced technologies. We provide the highest level of integrity, results, expertise, and efficiency. Our team members have many years of full-time experience, which gives them a thorough understanding of the local market as well as a comprehensive understanding of the attitudes of both buyers and sellers. You can depend on us to represent you in <a href="https://www.realtykingsproperties.com/sellers/">selling a property</a>.2022-02-23T00:15:00-07:002022-02-23T23:43:34-07:00Yolonda Kingtag:realtykingsproperties.com,2012-09-20:6516Why You Should Consider Selling in the Winter<img src="https://assets.site-static.com/userfiles/1798/image/selling-in-the-winter-attracts-serious-buyers.jpg" alt="Selling In Winter Attracts Serious Buyers" title="Selling In Winter Attracts Serious Buyers" height="410" width="750" />
The season you sell your home can have an impact on how much you get for your home and how quickly it sells. The season that has the most success in selling homes is spring. This is a good time of year for families moving to new school districts and is also more convenient weather for moving. Because of this trend, most people will recommend waiting to list your home until after the winter is over. Avoiding the winter is a huge misconception in the housing industry and can cause homeowners to miss out on opportunities.
Selling in the winter can give you a few advantages. There will be fewer houses on the market since most people assume winter is a bad time to sell. This gives your home more attention. Potential buyers are always looking no matter the time of year. Keeping your house on the market in the winter might bring the right buyer to your door. Real estate agents also tend to be less busy during these months and commit more time to getting your home sold.
Studies have shown winter buyers are buying because they need to move right away either for a relocation or personal situation. They will want to close quickly and allow for a much smoother sale.
Bottom Line
If you need to sell your home right away, or have some time but want to see what is out there, consider listing in the winter. Most homeowners who are going to sell will list their home in the spring, making for a competitive market. The winter allows buyers who are in a hurry to move consider your home and sell for more money than you would have in the spring.2019-12-20T14:49:00-07:002022-02-28T23:54:47-07:00Yolonda King