When selling your home, at some point the question of financial concessions will arise.
When selling your home, at some point the question of financial concessions will arise. These may be credits for closing costs, repairs, buyer’s agent commissions or upgrades and these incentives may improve your ability to sell the home, especially if the home is not in turn-key condition. Yet these do reduce the profit from your sale, so before you make the decision, consider your options.
5 Tips for Writing a Winning Offer in this Market
Everyone recognizes that this is a difficult housing market for homebuyers. With inventory shortages and low interest rates, buyers have seen a fast-paced market with strong growth in home prices. As interest rates begin to rise, the pressure for buyers to settle on a new home and lock in their rate is even stronger. With so many buyers vying for the same property, it’s important to write the best offer right up front. Here are 5 tips to help you write a strong offer.
Additional Criteria When Hiring a Listing Agent
Most sellers spend a long time considering whether they should sell their home. These same people who have considered all the financial and personal pros and cons of moving hire the first real estate agent they like. While certainly it’s important to find an agent you can communicate with, the right agent brings more than a pleasant demeanor to the transaction and it’s critical to choose the right one.
What Stays with the Home?
More than one seller has been surprised to find that their favorite chandelier is not theirs to take when they move. First-time home sellers might be especially confused when confronted with an exclusion form presented by their agent, but understanding what is, and is not included in the sale by statute is important to avoid disappointment on both sides.
Pricing Strategies
Real estate markets across the country are experiencing a strong seller’s market right now. For potential sellers, this may be a golden opportunity to get top value for their property. While it may be tempting to aim for the sky when setting the listing price, that may not be your best option.