Kim Duke - WEICHERT, REALTORS® - Briarwood Real Estate

Posted by Kim Duke on 3/12/2018

Looking to add your home to the real estate market sooner rather than later? Ultimately, you'll want to look beyond the potential price of your residence as you get your house ready for the real estate market.

For home sellers, price is one of several factors to consider before they list their houses. In fact, some of the top home selling factors to evaluate beyond price include:

1. A Home's Location

A home's location may dictate how quickly you're able to sell your residence. And if you understand the benefits associated with your house's location, you should have no trouble promoting your residence to the right groups of homebuyers consistently.

For example, a home that is located near a big city may prove to be an ideal choice for those who work in the city. On the other hand, a house that is located near top schools could prove to be an ideal option for families.

2. A Home's Condition

Although you've tried to maintain your house's interior and exterior over the years, you may still be uncertain about how your residence will stack up against other houses in a competitive real estate market.

Fortunately, a home appraisal can help you take an in-depth look at your house's condition and map out your home selling journey.

During a home appraisal, a property inspector will examine your residence. The appraisal may take several hours to complete, as a property inspector will investigate your house's interior and exterior.

When a home appraisal is finished, a property inspector will provide you with a detailed report that describes his or her findings. Then, you can use the home insights contained within this report to prioritize myriad home improvements.

With a home appraisal, you can gain deep insights into your house's condition. That way, you can better understand your house's strengths and weaknesses prior to adding your home to the housing market.

3. The Current State of the Housing Market

The current state of the housing market may impact your ability to sell your house, and for good reason.

For instance, if you're operating in a seller's market, there may be an abundance of homebuyers and a shortage of top-notch houses. This means there will be high demand for the best residences, and you may attract plenty of interest in your house as soon as it becomes available.

Let's not forget about a buyer's market, either. In a buyer's market, there are many home sellers and few homebuyers. Therefore, a home seller may need to allocate significant time and resources to stir up interest in his or her property.

For those who are unsure about how to navigate a seller's or buyer's market, hiring a real estate agent usually is an excellent idea. A real estate agent can teach you about the current state of the housing market so that you can get the best results possible during the home selling journey.

Look beyond price before you list your residence, and by doing so, you can boost your chances of a fast home sale.

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Posted by Kim Duke on 12/11/2017

Adding a residence to the real estate market can be stressful, particularly for a first-time home seller. Fortunately, we're here to help you maintain a positive outlook as you await offers on your house.

Now, let's take a look at three tips to help a first-time home seller remain calm, cool and collected after he or she lists a residence.

1. Set Realistic Expectations

Although a first-time home seller might expect dozens of offers in the days following a house's addition to the real estate market, it may take some time to stir up interest in a residence. However, a home seller who establishes realistic expectations from the get-go will know how to stay the course throughout the property selling journey.

A first-time home seller should understand both the best- and worst-case scenarios. That way, a home seller will know how to respond to any potential pitfalls that may arise.

Furthermore, a first-time home seller should have a plan in place for what will happen after a home offer is accepted. This will ensure a home seller is fully prepared to vacate a house as quickly as possible.

2. Learn About the Housing Market

The housing market is exceedingly complex, especially for those who are selling homes for the first time. Conversely, a first-time home seller who takes a diligent approach can gain the real estate market insights to make confident decisions.

For example, a first-time home seller should analyze the competition closely. By looking at the prices of similar houses that are available, this home seller can establish a competitive price for a house and increase his or her chances of a quick home sale.

A first-time home seller also should check out the prices of recently sold houses in his or her city or town. By doing so, this home seller can find out whether he or she is entering a buyer's or seller's market and plan accordingly.

3. Collaborate with a Real Estate Agent

Selling a home may seem like a simple process on paper, but challenges can quickly arise that prevent a first-time property seller from achieving his or her desired results. But with support from a real estate agent, a first-time home seller can get the assistance that he or she needs to remain confident at each stage of the property selling journey.

A real estate agent understands the challenges associated with selling a house and will help a property seller avoid such problems. In fact, a real estate agent is happy to provide expert guidance to help a first-time home seller operate like a home selling professional.

Perhaps best of all, a real estate agent will respond to a first-time home seller's concerns and queries. This guarantees a home seller can obtain unparalleled insights into how to set a competitive price for a residence, how to bolster a house's interior and exterior and much more.

Want to keep things positive as you proceed along the home selling journey for the first time? Use the aforementioned tips, and you can maintain a positive outlook as you navigate the home selling cycle.

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Posted by Kim Duke on 12/4/2017

If you recently sold your house, you may have only a short amount of time to sell some of your large, heavy belongings before moving day. Among these items likely are the couches, chairs and other furniture that you have collected over the years.

Ultimately, selling furniture prior to your move can be quick and simple – here are three tips to help you find furniture buyers and maximize the value of your furniture.

1. Establish a Competitive Price

A competitive price for a dining room table, bed or other home furniture can make a world of difference. If you establish an aggressive price from the get-go, you should have no trouble stirring up interest in your furniture from many potential buyers.

Consider the age and condition of your furniture before you set a price for it. If your furniture is only a few years old and remains in great shape, you may be able to fetch a lofty sum for it. Comparatively, if your furniture shows signs of wear and tear, you may need to lower your pricing expectations.

It often helps to be flexible with the price of your furniture as well. And if a furniture buyer makes an offer that falls below your initial asking price, you may want to consider all of your options closely to determine whether to accept, reject or counter this proposal.

2. List Your Furniture Online

Craigslist and other online marketplaces make it simple to list your furniture on the web in just seconds. Then, you can sit back and await responses from potential furniture buyers.

If you decide to list your furniture online, be sure to include high-resolution photos. If your online posting includes photos that show off the quality of your furniture, you can increase the likelihood of a quick, profitable sale.

Furthermore, incorporate plenty of details about your furniture into your web posting. With an informative and engaging furniture description, you can make it easy for a potential buyer to determine whether your chair, ottoman or other furniture is the right choice.

3. Host a Yard Sale

A yard sale offers a valuable opportunity to sell furniture, as well as a variety of other big and small items. If you allocate the necessary time and resources to plan ahead for a yard sale, you can improve your chances of optimizing your profits.

You also may want to post flyers to highlight your furniture to neighbors. These flyers can help you showcase your furniture to individuals who won't have to travel too far to pick it up.

Don't forget to share information about your furniture with family members and friends too. These loved ones may even be able to share details about your furniture – along with other items that you plan to sell – with their friends on social media.

Lastly, when it comes to selling furniture, it usually helps to collaborate with a real estate agent. In addition to helping you sell your home, a real estate agent can provide expert recommendations to help you get rid of furniture prior to moving day.

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Posted by Kim Duke on 11/27/2017

After you accept a homebuyer's offer on your residence, he or she likely will complete a home inspection. Then, the homebuyer may choose to move forward with the home purchase, rescind or modify his or her offer or ask the home seller to complete home improvements.

Ultimately, a home seller is likely to have many questions following a home inspection, including:

1. What did the homebuyer discover during the home inspection?

As a home seller, it is important to do everything possible to enhance your residence before you add it to the real estate market. By doing so, you can boost your chances of generating substantial interest in your house. Plus, when a homebuyer performs a home inspection, he or she is unlikely to find any problems that may slow down the home selling process.

An informed home seller may conduct a home appraisal prior to listing his or her house on the real estate market. This appraisal enables a home seller to identify potential trouble areas within a residence and explore ways to address such problems.

If you failed to perform a home appraisal, there is no need to worry. For home sellers, it is important to see a home inspection as a learning opportunity. And if a homebuyer identifies problems with your residence during a home inspection, you should try to work with him or her to resolve these issues.

2. Should I stand my ground after a home inspection?

Be realistic after a home inspection, and you'll be able to make the best decision about how to proceed.

For example, a home seller who goes above and beyond the call of duty may address major home problems prior to listing his or her house on the real estate market. This home seller will dedicate the necessary time and resources to correct home problems and ensure a homebuyer is able to purchase a top-notch residence.

But what happens if a homebuyer identifies problems during a home inspection, despite the fact that a home seller already tried to correct various home issues?

A home seller should consider the homebuyer's inspection report findings closely. If minor home repairs are needed, he or she may be able to fix these problems to move forward with a home sale. Or, if a homebuyer is making exorbitant demands, a home seller may feel comfortable allowing the homebuyer to walk away from a home sale.

3. How should I proceed after a home inspection?

A home inspection can be stressful for both a home seller and a homebuyer. After the home inspection is completed, both parties will be better equipped than ever before to make informed decisions.

If a homebuyer encounters many problems with a residence, he or she will let the home seller know about these issues. Then, a home seller can complete assorted home repairs, offer a discounted price on a home or refuse to perform the requested home maintenance.

Working with a real estate agent is ideal for a home seller, particularly when it comes to home inspections. A real estate agent will negotiate with a homebuyer on your behalf and ensure you streamline the home selling process.

Posted by Kim Duke on 11/20/2017

Want to add your condo to the real estate market? As a condo seller, you'll want to do everything possible to prep your residence so you can streamline the property selling process. Fortunately, we're here to help you do just that.

Here are three tips to help you simplify the condo selling process.

1. Conduct a Property Appraisal

What you paid for your condo a few years ago is unlikely to match what your residence is worth today. Therefore, a condo seller should conduct a property appraisal to understand the true value of his or her residence.

A property appraisal may prove to be exceedingly valuable for a condo seller. This appraisal ensures a property expert will examine your residence both inside and out and help you uncover any problems with your condo. Then, you can allocate the necessary time and resources to complete any condo repairs or mainteanance to boost your property's value.

With a property appraisal, you can learn about your condo's strengths and weaknesses and plan accordingly. You'll also be able to establish a "fair" price for your home based on your property's condition.

2. Declutter Your Condo

For condo sellers, decluttering a property is paramount. With a clutter-free condo, you can make it easy for condo buyers to envision what life would be like if they purchase your residence.

To declutter a condo effectively, you'll first want to remove any personal belongings from your property. Antiques, photographs and other personal belongings can be put in storage until your condo sells.

Furthermore, don't forget to clean your condo's interior as much as possible. A pristine interior can boost your condo's chances of making a positive first impression on property buyers as soon as they walk through the front door.

If you need extra help with condo cleaning, don't hesitate to hire a professional cleaning company. By doing so, you may be able to transform an ordinary condo into an awe-inspiring property.

3. Work with a Real Estate Agent

When it comes to selling a condo, why should you be forced to leave anything to chance? Conversely, work with a real estate agent, and you can take the guesswork out of selling your condo.

A real estate agent with condo selling experience understands what it takes to promote a residence to the right groups of property buyers. This real estate professional will go the extra mile to ensure you can move quickly and effortlessly through the condo selling process.

For example, a real estate agent will set up condo showings and open houses. These events will make it easy to showcase your residence to property buyers and increase your chances of receiving multiple offers on your condo.

A real estate agent also serves as a housing market expert. He or she will be ready to respond to any condo selling queries, at any time. That way, you can receive the support you need to make informed condo selling decisions.

Leverage these tips, and you can simplify the condo selling process.

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