Colleen Griffin - RE/MAX Vision



Posted by Colleen Griffin on 6/25/2017

Selling a home may seem simple at first, but negotiating with a homebuyer sometimes can be problematic. Fortunately, home sellers who understand the art of negotiation may be better equipped than others to accelerate the home selling process and optimize the value of their residences.

What does it take to become an expert home selling negotiator? Here are three negotiation tips for home sellers:

1. Stay Patient

It is easy to become emotionally attached to your residence, especially if you have lived in a home for many years. However, a home seller will need to do everything possible to keep his or her emotions in check during negotiations with a homebuyer.

In some instances, emotions can get the best of a home seller. And if this happens, a potential deal with a homebuyer may collapse.

For home sellers, the goal of a home selling negotiation is to maximize the value of a residence. Keep this goal in mind as you navigate negotiations with a homebuyer. By doing so, you may be able to maintain a calm, patient approach as you work toward selling your house.

2. Evaluate the Real Estate Market

Although you've allocated substantial time and resources to enhance your home over the years, the value of your residence may fluctuate based on the current real estate market's conditions. But if you conduct plenty of housing market research before you enter negotiations with a homebuyer, you can understand exactly what your home is worth today.

Conducting a home appraisal usually is a good idea. This appraisal will enable you to learn about your home's pros and cons and identify potential issues that may prevent you from maximizing the value of your property.

Furthermore, study the prices of comparable homes in your area. With this housing market insights at your disposal, you can enter a home selling negotiation with the information that you need to make data-based decisions.

3. Hire an Experienced Real Estate Agent

Home selling negotiations can be tricky, and for home sellers who want extra help, hiring an experienced real estate agent is essential.

An experienced real estate agent understands the ins and outs of home selling negotiations. As such, he or she will share expert negotiation insights with you to ensure that you can get the optimal price for your residence.

Your real estate agent will provide recommendations and suggestions throughout the home selling process and may even help you avoid negotiations altogether. Plus, this real estate professional is happy to negotiate on your behalf. That way, you can avoid the stress and anxiety commonly associated with negotiating directly with a homebuyer.

With an experienced real estate agent at your disposal, you may be able to accelerate your journey through the home selling process. Your real estate agent will keep you up to date about offers on your home and ensure you can get the best results possible.

Employ an experienced real estate agent, and ultimately, you can boost your chances of stress-free home selling negotiations.




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Posted by Colleen Griffin on 5/21/2017

Comparative market analysis is a tool that helps sellers to know about how much their home is worth. It gives an overview of what a good price for the home is in the current market based on comparable properties. Different realtors have different practices as to how they present this information. CMAs can vary from a two page list to a 50-page guide. The reports vary as to how in-depth they get as well. The important things is the information that they contain. 


What Data Does A Comparative Market Analysis Contain?


  • Active listings of homes currently for sale
  • Homes that are pending being listed
  • Homes that have sold in the past 6 months
  • Off market homes
  • Homes that have withdrawn from the market
  • Cancelled listings


Why Homes May Have Been Taken Off The Market


Homes can go on and off the market for a variety of reasons. These reasons include seller’s remorse, high pricing, requests for repairs, or the seller may have hired a completely new agent.


Looking At Comparable Sales


Comparable sales are the homes that have recently sold and are most closely related to your home. You’ll want to find the homes on the list that are most like your home. When finding comparable homes, take the following into consideration:


  • Similar square footage
  • Same rough age
  • Comparable condition
  • Similar upgrades
  • Close proximity to the same neighborhoods, schools, and amenities


It’s important when you’re using these comparative reports that you find homes on the list that are very similar to your own. You don’t want to be comparing the price of an 8-room split level with an 11-room colonial. You also need to keep in mind that there are some neighborhoods that are more desirable than others. If one house is much closer to a sought after school than your home, you’ll need to take that into consideration for a price point. 


Location


Location may be one of the most valuable things about your home that you can’t really change. Buyers seek to live in a certain area of town and are willing to pay top dollar to do so. If you find that nearby homes are selling for much more or much less than homes even closer to yours, the location of your home may be a huge factor.  


The comparative market analysis is just one tool that your real estate agent uses to help you price your home just right and use the right marketing tools to sell it. These reports help you to be an informed seller. Comparative market analysis reports are just one more good reason that you need a real estate agent to help you sell your home.





Posted by Colleen Griffin on 3/19/2017

Want to transform your ordinary bedroom into a fabulous living space that grabs homebuyers' attention instantly? Stage it before your next home showing. By doing so, you'll be able to accentuate the positives of your bedroom and increase your chances of selling your home. Staging a bedroom can be fast and simple – here are three tips you can use to stage your bedroom effectively: 1. Clean up and organize your bedroom. Your bedroom represents a sanctuary from the outside world, a room where you can rest, relax and get the Zzz's you need to remain productive and efficient day after day. Home sellers who hope to pass on these feelings to prospective homebuyers, meanwhile, will need to organize their respective bedrooms immediately. A messy bed and dirty floors certainly will give a bedroom a lived-in look and feel but will do more harm than good as you try to sell your residence. Instead, clean every inch of your bedroom and ensure the space looks immaculate. And if you encounter clutter, be sure to get rid of unnecessary blankets, clothing and other items or find storage units for these items that won't take up too much space. 2. Use neutral colors. When it comes to your bedroom's décor, neutral colors will serve you well. Adding a fresh coat of neutral-colored paint to your bedroom's walls may help make your bedroom appear larger and brighter. And ultimately, neutral colors could help your bedroom make a long-lasting impression on prospective homebuyers. Remember, when it comes to promoting your bedroom, you'll want to do whatever you can to leave a distinct impression on homebuyers. And with the use of neutral colors, you can give homebuyers the opportunity to envision what life could be like if your bedroom was a part of their new home. Incorporate neutral colors into your bedroom's décor, and you may find that many homebuyers will view your bedroom as a positive feature that helps differentiate your residence from others that are available. 3. Avoid the temptation to overfill. As a home seller, there may be a natural inclination to try to make your bedroom appealing to as many prospective homebuyers as possible. However, you'll want to do everything you can to avoid overfilling your bedroom in the hopes of generating significant interest in your residence. Ideally, your bedroom should be able to speak for itself, creating a wonderful first impression that makes it an attractive option for homebuyers. And if you can avoid the temptation to overfill, you'll be able to show homebuyers that your bedroom can serve as a superb oasis from the outside world. Staging your bedroom might seem difficult, but the aforementioned tips can help you keep things simple as you prepare to showcase your bedroom to prospective homebuyers. Plus, keep in mind that your bedroom is merely one room in your house, and other factors likely will influence homebuyers' decisions as well. With the right staging process, you'll be able to show homebuyers exactly what your bedroom is all about. As a result, you can use staging to your advantage and improve your chances of a quick sale.





Posted by Colleen Griffin on 3/5/2017

Want to use photos to showcase your home? Taking the right photos and cropping them effectively could help you accentuate your home's positives, and ultimately, increase your chances of generating significant interest in your residence. You don't need to be an expert photographer to photograph your residence effectively, either. In fact, here are three tips to help home sellers take great pictures of their residences quickly and effortlessly: 1. Take as many pictures as possible to get the perfect shot. Even novice photographers can avoid blurry pictures if they take a large variety of home photographs. Remember, there is strength in numbers, particularly when it comes to photographing your residence. And home sellers who take tens or even hundreds of photographs should be able to find pictures that highlight the quality and appearance of their residences. Don't forget that the pictures you take likely will be the first thing a homebuyer sees when he or she views your home's listing on the real estate market. As such, pay close attention to your photos and avoid using any that could provide a poor first impression. 2. Use lighting to your advantage. Dark, dreary photographs may leave a homebuyer confused, leading him or her to consider alternatives. Comparatively, home sellers who use plenty of lighting will make it easy for homebuyers to see exactly what their residences are all about. Lighting can help accentuate the beauty of your home's kitchen, bathroom or any other space. As a result, you should be unafraid to use lighting to highlight the value of your residence at all times. 3. Get feedback from a real estate agent. Photographs can serve as a valuable asset in your quest to find interested homebuyers. And with added support from a real estate agent, you'll be able to maximize the value of your photographs. A real estate professional can offer guidance and insights throughout the home selling process and ensure your photographs help you highlight your home to the right homebuyers consistently. Furthermore, this professional might be able to help you crop and edit photos as needed. Finding the right real estate agent is essential, as this professional will help you simplify the home selling process. For those who are fortunate enough to work with a qualified real estate expert, you'll be better equipped to promote your residence using high-quality images. How you photograph your home may seem like a minor consideration at first, but home sellers who dedicate plenty of time and resources to take outstanding pictures may benefit from an accelerated home selling process. Ideally, you'll want to do whatever you can to generate as much interest in your home as possible. And with the aforementioned photography tips, you'll be better equipped to grab images that showcase the true value of your home and will help your residence garner interest from large groups of homebuyers. Take advantage of first-rate pictures that illustrate various rooms in your home, and you'll be able to improve your chances of making your house attractive to homebuyers and selling your residence quickly.





Posted by Colleen Griffin on 2/12/2017

Although a home seller might commit significant time and resources to stage the interior of his or her home, it also is important to remember that homebuyers will want to check out your residence's exterior. As a result, you may want to consider staging your home's exterior in addition to your residence's interior. Staging your home's exterior can be simple – here are three tips for home sellers to stage a house's exterior effectively: 1. Spruce Up Your Front Lawn. A front lawn that is loaded with crabgrass and weeds is unlikely to help your house garner attention from homebuyers. Fortunately, there are many fast, efficient ways to spruce up your front lawn's appearance. For instance, mowing and watering your front lawn regularly is sure to help improve its appearance. Don't forget to use fertilizer and weed control products to further enhance your front lawn's appearance, either. When in doubt, hire professional landscapers to help you spruce up your front lawn. These landscaping experts will be able to bolster your front lawn's appearance instantly, and ultimately, boost your chances of generating substantial interest in your residence. 2. Improve Your Exterior Lighting. Ideally, you'll want to make your front entrance warm and inviting. And with the right lighting, you'll be able to impress homebuyers any time they check out your house. Pendant lighting, for example, can be hung with ease and will help you boost your home's curb appeal. This lighting will allow you to illuminate the front of your residence at night, ensuring homebuyers who drive by will be able to get a good look at your home. Furthermore, wall lighting can be placed near exterior doorways and will look and perform great day after day. Like pendant lighting, wall lighting often is easy to install and can make a world of difference in the eyes of homebuyers. 3. Clean Up Your Driveway. A driveway that is filled with chips and cracks may do more harm than good, particularly for a home seller who wants to generate plenty of interest in his or her residence. However, a home seller who spends some time improving the appearance of his or her house's driveway is sure to transform the driveway from a home selling liability into an asset. Repaving your driveway always represents a valuable option, as this will enable you to enhance your driveway's appearance immediately. Also, installing interlocking stones or stamped concrete may prove to be a viable option, especially if you want your driveway to stand out to homebuyers. Staging your house's exterior is worthwhile, and a home seller who devotes the time and resources to improve his or her home's exterior may be able to reap the benefits of a quick sale. Do what it takes to transform your home's ordinary exterior into one that will sparkle consistently. By doing so, you can boost your house's curb appeal and differentiate your residence in a highly competitive real estate market.







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