The Big Three for Buyers and Seller
When buying and selling a home, there are many factors that come into play. As a seller, it is pertinent to be aware of what some of these more deal-making or breaking needs are. As a buyer, it is important to be aware of the steps you can take to ensure you’re having as many as your wants and needs regarding your new home met. I’ve outlined what I believe to be the top three factors buyers and sellers should keep in mind when purchasing/selling a home—the condition, location, and price.
Purchasing a home is a quite an investment, making many buyers skeptical when it comes to the condition of the home. If you are purchasing a home, it is in your best interested to hire an inspector. While things in the home may seem clean, pristine and visually appealing, it’s what you can’t see that’s more important. An inspector will help notify you of any structural damage, as well as any issues that may be hiding behind the walls. As a seller, it’s important to listen to your agent when it comes to the condition of your home. Fixing items in your home, such as dingy carpet, peeling wallpaper, even mowing the yard, can make a vast difference in attracting potential buyer.
The location of a home can be key to many home buyers. While you can’t do anything to change the location of your home, as a seller you can certainly make it more attractive to potential buyers. By tending to the landscape, adding fences to block out certain views or harsh sounds, and simply making sure your home is in immaculate condition, buyers may be able to overlook certain aspects of the location. As a buyer, it’s a good idea to weigh what matters most when it comes to the location of a home. Is the school district your home feeds into a high priority to you? Does the distance between the home and your office play a part in your decision? Will the surrounding homes and neighborhoods affect your decision? These are all important things to keep in mind when looking at homes.
As a seller, pricing your home correctly may be the most important aspect when it comes to attracting buyers. Keep in mind the condition of your home, the location of your home, and whether or not your home is in a buyer’s or seller’s market may all affect your homes pricing. A buyer’s market has large inventories of six months’ supply or more, few offers and low offers. A seller’s market has low supply of six months or less, heavy buyer traffic, multiple offers and full price or close to full price offers. As a buyer, knowing what is in your price range is key when purchasing a home. With that in mind, it’s also helpful to be reapproved as this will keep you in your price range and.
An experience agent can help buyers and sellers alike with taking these three factors into consideration. If you’re looking to buy or sell a home, talk to me today!