So far, you’ve invested a small fortune in remodeling work. You’ve spent hours and hours cleaning, polishing and de-cluttering. You’ve taken the prettiest pictures of your home and uploaded them on different websites. You’ve spread the word about your upcoming relocation and organized open houses. And still, 90 days and a few thousands of dollars later, you find yourself in an awkward position: the phone isn’t ringing. Buyers aren’t knocking at your door. What went wrong? Don’t blame it on bad karma. Here are a few reasons why your actions aren’t returning the desirable results.
You’ve Made Costly, Unnecessary Changes. You have decided to bend over backwards to attract buyers. But can those new, insanely expensive custom cabinets be considered a wise investment? Was it a smart decision to replace your flooring material, repaint all your rooms and purchase new artwork just to impress someone whom you don’t really know? Truth be told, very few buyers assess your interior décor when it comes to making a final decision. They will change the style of your home anyway, simply because they want their new house to reflect their own taste and personality. In this context, it becomes obvious that buying expensive extras (furniture, decorations and so on) is never a good idea, especially if you’re relocating on a tight budget. Pricy new additions seldom pay for themselves. And you can’t just add another 20,000 dollars to your initial asking price simply because you had to have those paintings, rare marble countertops and designer bamboo cabinets.
You Have Overpriced Your Home. Don’t let your emotional attachment dictate the price of your home. Keep your feelings under control and try to evaluate your property in an objective manner. Go online and check out various listings to discover the price tags of similar homes located in your neighborhood. When in doubt, count on the expert opinion of a local real estate agent. An overpriced home instantly deters a large category of clients simply because it leaves very little room for negotiations.
You’ve Neglect Crucial Repairs. Some homeowners go the extra mile to implement unnecessary, pricy additions (gym rooms, pools, indoor spas, walk-in closets) and focus less on repairs and home improvements that are actually mandatory. Before putting a ton of money in your property to boost its curb appeal and attract more prospects, pay attention to potential flaws that could impact its electrical and plumbing systems. Leaks, clogged toilets and damaged wires posing an elevated risk of electrocution will put your buyers on the run and delay your home selling. If you don’t know how to evaluate the current condition of your house, don’t hesitate to call a professional who can conduct a meticulous home inspection. After a thorough inspection, you will manage to identify and address concerns affecting the end value of your property.
In many ways, California is the Promised Land where residents have access to great amenities, some of the very best entertainment options in the world and fantastic accommodation alternatives. Who wouldn’t like to spend a few relaxing days in this sunny state? But buying a home is a completely different story. Undoubtedly, ownership has its incontestable advantages; however purchasing a property isn’t something that should be taken lightly.
A Californian house would most likely be one of your most valuable possessions involving huge expenses and maintenance costs. Moreover, California is home to some of the most impressive real estate jewels that you could ever have the opportunity to check out, so the selection process is not going to be easy. In this context, how could you simplify your home buying process? Furthermore, how could you reroute a house hunt that isn’t going according to plan? Here are a few tips that you may want to consider before making a big change in your life by relocating.
1. Talk to Your Spouse. In some cases, the house hunt turns into a lengthy, stressful and tedious process simply because prospects don’t communicate with their family members. Before attending open houses it is crucial to sit everybody down and discuss your options. How big do you want your new home to be? Does it have to be located in a specific neighborhood or as close as possible to certain key facilities (schools, hospitals, shopping centers and so on)? Could your kids share their bedroom or is this option out of the question? What kind of amenities are must-haves in your book? Share your ideas and let your loved ones express their own points of view as well. A flawless communication fueled by your realistic needs and demands will stop you from wasting valuable time.
2. Make a List. To narrow down your search, it wouldn’t hurt to put your thoughts on paper. Create three columns designed to highlight three different categories: essentials (amenities that you couldn’t live without), handy extras (additional features that may stimulate you to buy a certain property) and deal-breakers (negative aspects that force you to ignore certain Californian houses that have been put up for sale). Use these 3 criteria to rate every single property that you inspect during your home hunt. A list will enable you to stay organized and focused on details that could influence your final call.
3. Get a Good Agent and Set up a Deadline for Your Home Buying Process. When it comes to purchasing a property, there are plenty of factors that may encourage you to stall over your decision. Big expenses, lack of experience or your ties with the past could become major obstacles standing in the way of your new plans. To escape this vicious circle, set up a strict deadline for your home buying process and count on a savvy realtor to spot the most attractive properties in your price range in record time.
You’ve made incredible efforts to afford it and you’ve spent some of the happiest years of your life in it. And still, at this moment you feel ready to replace your Californian home with a cheaper, smaller, less pretentious substitute. Would this be an inspired decision? You don’t need to be a real estate expert to realize that house prices are bouncing back in some of the most sought-after metros, including San Francisco, New York City and Los Angeles. This means that you will most likely be able to advertise and sell your home at a profit in no time. In a buyer’s market, it can be difficult to seal a great deal, especially when your prospects are Internet savvy, conduct proper research and drive a hard bargain. Even under these circumstances, sometimes you just have to take chances. If you feel that it’s time to relocate and start your own house hunt, here are a few reasons that could justify a potential home selling process.
Your Property Doesn’t Match Your Everyday Needs. Are you getting ready to have your fourth child? Do you plan to receive your elderly parent in your home at some point in the future? All these changes can turn your current property into an overcrowded, stressful environment. If you feel ready to expand and grow your family but don’t really count on too much extra space right now, perhaps it may be a good idea to sell your elegant home located in an upscale neighborhood and opt for a more spacious house with a large garden located in the suburbs.
Your Family Is Shrinking. On the other hand, if your kids are all grown up and getting ready to leave for college, it really doesn’t make much sense to stay with your spouse in a 5-bedroom house. Your old mansion will seem empty without your youngsters; plus you will spend a lot of money on utilities and maintenance work; a smaller crib could ensure a more intimate, cozy and soothing ambiance and allow you to reduce your monthly expenses and save for the things that you have never dared to dream about until now, like that 12-days cruise on the Mediterranean or a new sports car.
You Can’t Keep up with the Rising Maintenance Cost. How much does your property cost you on an annual basis? If your answer is “too much” perhaps it may be wise to implement a few essential lifestyle changes and ditch the unnecessary caprices that burn holes in your pocket. Instead of spending a fortune on an ultra-glamorous Californian home requiring an army of housekeepers, landscapers, decorators and handymen, you could always start fresh in Southern California, in a prosperous suburban community that will boost your independence and help you see your entire life from a different perspective. In the suburbs you can get great deals on well-built 3-bedroom homes used by current owners as vacation residences. For around $60,000 you could find a gorgeous property where you could retire comfortably and keep your monthly expenses under control.
Your house is definitely one of your most valuable possessions. You’ve worked extra your entire life to be able to afford it. You have decorated and redecorated it over and over again to match your taste and personality. You’ve watched your kids grow up in it. But even the most beautiful stories have an ending. If changes in your life are forcing you to move to a different city, consider selling your Californian house with a little help from a realtor. We know what you are going to say: real estate agents don’t do pro bono work. Even so, there are at least 5 great reasons why you should let a realtor represent your best interest.
- Experts Provide an Insight into the Local Real Estate Market. Are you worried that you may underprice or overprice your property in the absence of solid numbers allowing you to compare properties similar to the one that you currently own? A realtor will be able to tell you how much your home is actually worth at a first glance and help you price it right to attract buyers looking for fair deals.
- Agents Can Point You Towards Minor Cost-Effective Improvements. Does your roof need patching? Should you repaint your exterior walls to increase the curb appeal of your home? Sometimes, when you’re overly stressed with the moving process, you can neglect quite a few simple, yet extremely important details that could make or break your real estate transaction. For instance, how many buyers do you think that a house with a leaky roof could attract? Several fixes demanded by homes can be conducted on time and on a budget; moreover, in some cases minor improvements related to landscaping or a new paint job can put your home in the center of everyone’s attention and speed up the house selling.
- Real Pros Use All the Available Tools to Help You Seal the Deal in Record Time. Are you any good with computers? Do you know how to browse through different real estate directories, take the most amazing pictures of your house, post them on various websites and add video tours to make it easier for potential buyers to analyze the features of your property? A good realtor will know how to promote your property in both online and offline environments fast and at a fraction of the costs that you would have to deal with.
- Realtors Know How to Handle Hardball Strategies. In case you didn’t know, you are trying to sell in a buyer’s market. This means that most prospects will explore all the tricks in the book to make you lower your asking price. A competent, experienced real estate agent is basically your neighborhood expert. Real pros have amazing negotiation skills and the ability to anticipate and address any conceivable tactic developed by potential clients to get a great property for less than its actual value.
- Real Estate Experts Let You Avoid Hassles and Focus on Your Relocation. Let’s face it: when you’re about to start a new life in a different city, the last thing that you want to worry about is your home selling process. A good realtor will simplify your mission, by showing you the steps that you should follow to sell your house at a profit on any market.
A short-term collaboration with a friendly, dependable, goal-oriented real estate agent is a great support during a period of transition. By relying on professional services you could actually turn the selling process into an enjoyable experience.