When to Lower the Asking Price for Your Home

Is now the right time to lower the asking price for your residence? If you’ve studied the housing market closely, set an aggressive price for your home and are still struggling to generate interest in your residence, the answer to this question may be a resounding “Yes.”

Ultimately, there are many reasons why you may want to consider lowering the asking price for your house, including:

1. It has been many weeks or months since the last home showing.

Although your home listing initially may have stirred up plenty of interest, homebuyers have shied away from your residence over the past few weeks or months. Thus, there may be no time like the present to lower your house’s asking price to widen your net of prospective homebuyers.

Reducing your house’s asking price by even a few thousand dollars may help you generate interest in your residence. And in the days following a price drop, you may notice a significant increase in the number of requests for home showings as well.

2. Your home asking price no longer corresponds to the current real estate market’s conditions.

A seller’s market can quickly morph into a buyer’s market. As such, you should evaluate the real estate sector regularly to ensure your home asking price corresponds to the current housing market’s conditions.

Take a look at available houses that are similar to your own – you’ll be happy you did. This housing market data can help you determine if your house is priced appropriately based on the competition.

Also, examine the prices of recently sold houses in your city or town. That way, you can see how long these residences were available before they sold, find out whether you’re operating in a buyer’s or seller’s market and plan accordingly.

3. You need to sell your house as soon as possible.

If you face a time crunch to sell your home, you should establish an aggressive price for your residence from the get-go. However, if you fail to generate substantial interest in your residence, you may need to act fast to lower your home asking price to meet your deadline.

For those who want to avoid the possibility of lowering a house’s asking price, it often pays to work with a real estate agent. This housing market professional can help you establish a fair, competitive price for your residence, one that should help you stir up significant interest in your home.

In addition, a real estate agent will work with you throughout the home selling process. He or she will set up home showings, host open houses and negotiate with homebuyers on your behalf. Perhaps best of all, a real estate agent is happy to respond to your home selling questions and ensure you can make informed home selling decisions.

Before you lower your home asking price, consult with a real estate agent. By doing so, you can get the expert home selling advice that you need to determine whether to wait out the current housing market or reduce the price of your residence.

Avoid a House Selling Crisis

Selling a house may prove to be problematic, particularly for individuals who fail to allocate time and resources to learn about the real estate market. Lucky for you, we’re here to help you navigate the housing sector and ensure you can avoid home selling crises.

Now, let’s take a look at three tips to help you list your residence and maximize its value.

1. Create an Informative House Listing

Think about your house’s pros and cons. Then, you can put together an informative home listing that makes it easy for buyers to fall in love with your residence.

Of course, when you craft a home listing, it pays to be honest. If you include pertinent, accurate house information in your listing, you can help buyers determine whether your residence is the right choice.

Don’t forget to incorporate high-resolution photos into your house listing too. If you include home listing photos that showcase the size and beauty of your house, many buyers soon could set up showings to view your residence.

2. Conduct a House Appraisal

When it comes to selling your house, it helps to establish an aggressive initial asking price. That way, you can list your house at a price that matches or exceeds buyers’ expectations.

Establishing an aggressive initial asking price for your home, however, may prove to be difficult. But if you conduct a house appraisal, you can get a home valuation from a property expert to help you set a fair price for your residence.

In many instances, a homeowner can receive a house appraisal report within a few days. Once you have this report at your disposal, you can review your property valuation and set an aggressive initial asking price for your home.

3. Employ a Real Estate Agent

There is no need to embark on the home selling journey alone. Thankfully, you can hire a real estate agent who is unafraid to be honest with you at each stage of the home selling cycle.

A real estate agent understands exactly what it takes to sell a house, regardless of the present housing market’s conditions. As such, he or she will work with you to determine the best way to streamline the home selling journey.

Oftentimes, a real estate agent will learn about you and your home selling goals. He or she then will craft a custom home selling strategy designed to help you achieve the optimal results. Next, a real estate agent will promote your residence to dozens of potential buyers and set up home showings and open house events. And if you receive an offer to purchase your home, a real estate agent will help you examine the pros and cons of this proposal and make an informed decision.

Don’t let problems get the best of you during the home selling journey. Instead, use the aforementioned tips, and you can reduce the risk of problems that otherwise can prevent you from enjoying a fast, profitable house selling experience.

Enjoy a Worry-Free Home Selling Experience

Selling a house should be an enjoyable experience – not a stressful one. Yet problems may arise that cause a home seller’s stress levels to rise. Fortunately, we’re here to help you identify and alleviate home selling issues before they get out of hand.

Now, let’s take a look at three tips to help you enjoy a worry-free house selling experience.

1. Learn About the Real Estate Market

Take a look at the prices of houses in your city or town. By doing so, you can see how your residence stacks up against comparable houses and determine how you should price your home.

Furthermore, evaluate the prices of recently sold houses in your area. This housing market data enables you to see how long it takes houses to sell and whether property sellers are receiving offers to purchase at or above their residences’ initial asking prices. Then, you can find out whether you are preparing to enter a buyer’s or seller’s market and plan accordingly.

2. Identify Your House’s Strengths and Weaknesses

Conduct a home inspection – you’ll be glad you did. An inspection takes only a few hours to complete and enables a property expert to review your residence both inside and out. After the inspection is finished, you’ll receive a report that highlights any underlying problems with your residence. You then can use this report to prioritize home repairs and transform property weaknesses into strengths.

It may be beneficial to remove clutter from inside your house and enhance your residence’s curb appeal too. That way, you can make it easy for homebuyers to fall in love with your house whenever they view it.

3. Collaborate with a Real Estate Agent

A real estate agent is a home selling professional who is happy to help you navigate the property selling journey. In fact, he or she will make it easy to minimize stress from the moment you list your house to the day you complete your home closing.

Usually, a real estate agent will learn about you and your home selling goals and craft a custom property selling strategy. A real estate agent next will set up home showings and open house events to promote your residence to prospective buyers. And if a buyer submits an offer to purchase your home, a real estate agent will help you decide whether to accept, reject or counter this proposal.

Let’s not forget about a real estate agent’s industry expertise, either. A real estate agent understands the ins and outs of the house selling journey. And if you ever have concerns or questions about selling your home, a real estate agent is ready to respond to them.

The home selling journey may seem daunting at first. But ultimately, there is no need to stress as you prepare to list your house. Take advantage of the aforementioned tips, and you can boost the likelihood of a worry-free home selling experience.

Should You Approve a Buyer’s Offer?

Deciding whether to accept a buyer’s offer to purchase your house can be exceedingly difficult. Fortunately, we’re here to help you assess the pros and cons of a homebuying proposal and ensure you can make an informed decision.

Now, let’s take a look at three tips to help you determine whether to accept an offer to buy your home.

1. Examine the Current Housing Market

The current housing market may play a role in your ability to stir up interest in your house. In addition, the real estate sector may impact whether you’re able to receive multiple home offers at or above your residence’s initial asking price.

To understand the present state of the housing market, you should look at the prices of recently sold houses in your city or town. If houses are selling quickly, you may be operating in a seller’s market. Or, if houses linger on the market for many weeks or months before they sell, you may be operating in a buyer’s market.

Ultimately, a seller’s market may lead to many offers on your house in the foreseeable future. If you receive an offer that fails to match your expectations when you’re operating in this type of market, you may want to decline or counter the proposal in the hopes of receiving superior offers down the line.

On the other hand, it usually requires hard work and persistence to sell a house in a buyer’s market. And if you receive a competitive homebuying proposal in a buyer’s market, you may want to accept this offer.

2. Consider Your Home’s Condition

The condition of your house may prove to be a critical factor as you debate whether to accept an offer. If you assess your house’s condition closely, you may be better equipped than ever before to make the best-possible decision about a homebuying proposal.

If you feel a home offer is fair based on the current condition of your house, you may want to accept the proposal. Conversely, if you feel a buyer has submitted a “lowball” proposal based on your home’s condition, you should not hesitate to reject or counter this offer.

3. Consult with a Real Estate Agent

When it comes to evaluating a homebuying proposal, it generally is a good idea to collaborate with a real estate agent. This housing market professional can help you weigh the advantages and disadvantages of accepting an offer and determine the best course of action.

Typically, a real estate agent will present a buyer’s offer to you and offer recommendations about how to proceed with this proposal. As you assess all of your options regarding a homebuying proposal, a real estate agent will be able to respond to any concerns or questions that you may have too.

Ready to take the guesswork out of reviewing a homebuying proposal? Use the aforementioned tips, and you can streamline the process of deciding whether to accept an offer to purchase your home.

Tips for Countering a Lowball Offer on Your Home

As a home seller, there is always a chance that you may receive a lowball offer on your house. When this happens, you might feel disappointed and frustrated and be ready to move on to the next offer. However, a lowball offer may set the table for a negotiation, particularly for a home seller who knows how to respond to this proposal properly.

Ultimately, it is important to assess any offer on your home, even if this proposal fails to meet your initial expectations. And even though it may be tough to take a lowball offer seriously, you’ll want to consider the pros and cons of it before you make your next move.

What does it take to assess a lowball offer on your home and counter it accordingly? Here are three tips to help a home seller do just that.

1. Stay Focused on Your Goals

For home sellers, you want to sell your home, maximize its value and move through the home selling process as quickly as possible. As such, you’ll want to keep these goals in mind any time you receive a lowball offer.

If you receive a lowball offer, remain focused on your goals, and try not to get too emotional about it. With this approach, you’ll be able to remain calm, cool and collected and respond to the proposal without the risk of burning any bridges between you and a potential homebuyer.

2. Respond to the Homebuyer’s Offer

What you might consider to be a lowball offer may be a fair proposal in the eyes of a homebuyer. Thus, you should respond to a homebuyer’s proposal, regardless of whether you consider it to be a lowball offer. By doing so, you may be able to open the lines of communication and help the homebuyer better understand what you consider to be a fair price for your residence.

After you receive a lowball offer, you may choose to pass on it and can relay your decision through your real estate agent. In this scenario, you can let the homebuyer know that you appreciate his or her offer but are going to pass on it. That way, you can decline the proposal politely and await offers that fall in line with your expectations.

Comparatively, you might decide to counter a homebuyer’s initial offer, and your real estate agent can pass along the information about what you would be willing to accept for your house. By countering a homebuyer’s offer, you may be able to begin a negotiation that could help you accelerate the home selling process.

3. Establish Realistic Expectations

Pricing your home competitively from the get-go is paramount for any home seller. With a competitive price, you’ll be able to set realistic expectations for homebuyers and may be able to avoid the risk of receiving a lowball offer entirely.

When it comes to determining a fair price for your house, consult with your real estate agent. Remember, your real estate agent possesses industry experience and can help you set a fair price for your house based on the current real estate market’s conditions.

3 Steps to Conduct a Successful Home Showing

A home showing may play a key role in your ability to sell your house. If a showing is successful, a buyer may submit an offer in the hours or days that follow. On the other hand, if a home fails to impress during a showing, a buyer likely will continue to search for the perfect residence.

It can be easy to ensure that a home showing is successful. Now, let’s take a look at three steps that home sellers can follow to increase the likelihood of a successful showing.

1. Clean Your Home

A neat, tidy home is likely to make a positive first impression on potential buyers. Therefore, you should allocate the necessary time and resources to clean your home from top to bottom prior to a showing.

Mow the front lawn, trim the hedges and perform assorted home exterior maintenance. That way, you can instantly boost your house’s curb appeal.

Also, wipe down countertops, vacuum carpets and complete various home interior maintenance. By doing so, you can guarantee that potential buyers will like what they see as soon as they walk through your home’s front door.

2. Remove Personal Belongings

The goal of a home showing is to help a potential buyer envision what life would be like if he or she purchases your house. As such, you’ll want to take down artwork, photographs and any other personal belongings before a home showing. Because if you keep these items on display, it may be tough for a buyer to picture himself or herself as the owner of your home.

Don’t forget to eliminate as much clutter from your home as possible too. If you put excess items in storage or sell or donate these items, you can cut down on clutter and show off the true size of your residence.

3. Be Flexible

After you perform extensive home interior and exterior cleaning and remove myriad personal belongings from your residence, it may be only a matter of time before a home showing is scheduled. If you remain flexible, you can boost your chances of hosting as many home showings as possible.

There is no telling when a prospective buyer will want to check out your residence. Thus, if you maintain your flexibility, you’ll be ready to leave your house at a moment’s notice to accommodate a buyer’s request for a showing.

After a home showing, you may receive buyer feedback as well. If a buyer leaves negative feedback about your residence, there is no need to worry. Use this feedback to identify and address problem areas in your house, and you can guarantee that future home showings hit the mark with buyers.

Lastly, if often helps to work with an expert real estate agent when you sell your house. This housing market professional is happy to help you get ready for a home showing and will offer honest, unbiased home selling recommendations. As a result, a real estate agent can help you get the best possible results throughout the home selling process.

Things That Scare Off Homebuyers

There’s many different things that can make or break a home sale. When you’re selling your home, you want it to be as attractive as possible to buyers. Besides proper staging, there’s plenty of things that you can do to attract buyers and get the best price for your home. 

Don’t Let Gutters Hold You Back

Routine gutter maintenance can save you a lot of grief later. Just simply taking the time to clean your gutters can prevent a lot of damage to the foundation of your home. Water will be able to run off to surface of your home properly. 

The Roof Is A Problem Area

Roofs typically last anywhere between 20 and 25 years. If it’s approaching the end of its lifespan, or if it needs repairs, you’re wise as a seller to spend money on the roof. It will keep buyers interested, and you’ll be able to negotiate a better return on the sale of your home. You can even get a certification that the roof is in good shape to help you during the inspection phase. 

Buyers Want Modern Appliances

While replacing some appliances doesn’t seem like that big of a deal to homebuyers, having more modern appliances in your home helps buyers to see that you have done some updating. It won’t leave buyers wondering what else needs to be replaced in the home if the appliances are from the current decade.   

The Doors And Windows Are A Pathway To Selling

When potential buyers enter your home, expect them to open your doors and windows. Any windows that are stuck or doors that don’t work properly can be red flags to buyers who are looking for homes that have been well-kept. Replacing the windows in your home can bring you a return of between 50 and 80%. Complete replacement may not be necessary if the windows are still functioning as they should. 

Maintain HVAC Units For Happy Buyers

Typical well-cared for HVAC systems can last up to 25 years. One that is aging can be a problem area for some buyers. If you don’t want to lose a sale, an old heating and cooling system can be an issue for you as a seller. Keep in mind that this could also be a place for negotiations during the sale of the home.  

The Foundation Gives Buyers An Overall Picture Of The Home

Cracks in the walls or the foundation itself can be a sign of larger problems in the home. You should fix any cracks in the foundation or issues with the walls. Definitely have a plan in place in case buyers worry about any repairs that were made to the foundation, especially after the inspection. 

Harmful Substances

One of the big areas that can be a deal breaker in the sale of a home is the discovery of radon. This is a radioactive gas that is a proven carcinogenic. It’s found in rocks, salt, soil and water. This one thing can throw both buyers and sellers for a loop, so do your research in the selling process. 

Don’t Be Overzealous In Your Listing Price


One of the biggest reasons that you won’t find the right buyer for your home is the listing price. Without a good pricing strategy, your home could stay on the market for a long time. Be sure that you’re not listing a property above the market value so you’re not missing out on the right buyers.

Avoid These Home Selling Regrets

Home selling regrets are not the work of fiction. Each year, Americans sell their house only to look back and regret that they hadn’t done something differently. Putting too much focus on a single part of the home selling process could lead to regrets. So too could rushing to find a buyer.

Mistakes that you make as a seller could haunt you for months. Before you sign a deal with a buyer, review the below list to avoid making home selling regrets.

  • Focusing only on money – Walking away with a good overall purchase price for your house is great. However, it’s not great if clauses in the contract make you responsible for all of the closing, inspection and repair costs. Don’t get consumed with the overall amount that you’reselling your house for. Pay attention to small details.
  • Pricing too high or too low – As much as you don’t want to over price your house and drive potential buyers away, you also don’t want to price your house too low. People tend to value a product based on its price. Make sure that your house’s price is competitive. An experienced,reputable real estate agent can help you with price setting.
  • Being dishonest – Not telling buyers about hidden problems could keep you up at night, especially if you know that the house has termites, a swarm of seasonal pests or a wiring problem that’s a fire hazard.  
  • Not caring about the buyer – Setting a competitive, yet fair price on your house isn’t the only way to show buyers that you care about them. It’s good for buyers to know if there have been a rash of burglaries on the street that you live on. It’s also good to select buyers who will help to keep the community strong.
  • Feeling desperate and accepting the next offer –There are times when you may have already bought another house. This could cause you to feel pressured to accept the first offer on your house. To avoid this home selling regret, wait until you sell your house to buy another home.For example, you could rent an apartment after you sell your house to avoid paying two mortgages.
  • Being too attached to the property – No buyer will seem right to you if you’re too attached to your home.
  • Trying to impress buyers – Stage to highlight the best parts of your house, not to impress buyers with your interior design skills or your economic level. You don’t have to buy expensive furniture for house staging. You could use your current furniture during staging.
  • Repairing every hole in the wall – Your house does not have to look brand new. You don’t have to repair every dent, hole and crack that you see with a magnifying glass. Get your home up to housing codes and in good condition, but, it doesn’t have to be perfect.
  • Not cleaning up pet hairs – Buyers aren’t turned on by seeing pet hairs. Get out the shampooer and vacuum cleaner and get pet hairs up.
  • Improve curb appeal – Strengthen your house’s curb appeal and you could get more money for your house. Get weeds out of the yard, treat the grass, clean up pet poop and plant flowers in your front and back yards.

There’s a lot to do when you sell your house. You have to clean, advertise that you’reselling your house, prepare your house for staging, negotiate with buyers and then pack and move to your new home. The last things that you want to deal with are home selling regrets.

Why Should You Err on the Side of Caution When You Sell a Home?

Want to sell your residence? As a home seller, you’ll want to take a cautious approach to the real estate market. That way, you can improve your chances of getting the best price for your residence, regardless of the current housing market’s conditions.

Ultimately, there are many reasons why home sellers should err on the side of caution as they prepare to add their houses to the real estate market, including:

1. The housing market constantly fluctuates.

For home sellers, it is important to differentiate between a seller’s market and a buyer’s market. By doing so, a home seller can assess the current housing market and proceed accordingly.

In a seller’s market, there is usually a shortage of high-end houses and an abundance of interested homebuyers. This means home sellers who operate in a seller’s market may be more likely to stir up plenty of interest in their houses as soon as these properties become available.

Conversely, a buyer’s market typically favors homebuyers, as it features a limited number of homebuyers and a wide range of home sellers. If you’re selling your home in a seller’s market, you’ll likely need to price it competitively to help your residence stand out from the competition.

Allocating the necessary time and resources to analyze the housing market is key. With housing market data in hand, a home seller can determine whether he or she is getting ready to list a house in a buyer’s or seller’s market.

2. What your home was worth yesterday is unlikely to match what it is worth today.

The price that a home seller initially paid for a residence is unlikely to match what the house is worth today. Thus, a home seller should perform a home appraisal to learn about the present value of his or her residence.

During a home appraisal, a property inspector will assess a house both inside and out. Then, the property inspector will identify any problem areas with a house that could negatively affect the residence’s value.

A home appraisal is exceedingly valuable to home sellers. It enables them to understand a house’s strengths and weaknesses as well as uncover ways to transform a home’s weaknesses into strengths. As a result, a home seller can use a home appraisal as a learning opportunity and find innovative ways to enhance a residence before adding it to the real estate market.

3. Homebuyers are always on the lookout for bargains.

Although a home seller will do everything possible to learn about the housing market, there is always the danger that a homebuyer will submit a “lowball” offer on a house. Conversely, a home seller who errs on the side of caution will be able to differentiate between a legitimate offer and a lowball one time and time again.

Lastly, if you need extra help as you get ready to sell your house, don’t hesitate to work with a local real estate agent.

Real estate agents are available in cities and towns nationwide. They can help you get your house ready for the real estate market and ensure you can reap the benefits of a quick, seamless home selling experience.

Become a cautious home seller, and you can move one step closer to maximizing the value of your house.

Stress Reduction Strategies for Home Sellers

Selling your home can conjure up a variety of emotions, ranging from exuberance to sadness. If you associate your home with raising a family or starting a life with your spouse, then putting it on the market can be a bittersweet experience. In addition to the emotional side of things, there’s also the stress that inevitably comes with change and uncertainty. Putting your house up for sale raises several fear-based questions in your mind, such as “How long will it take to find a buyer?” On the average, houses remain on the market for a month or two, but it’s not unusual for it to take much longer. To complicate matters: If you’re in the position of selling your home before you have another one to move into, then your stress level is probably even higher.

Although some factors are outside of your control, such as ever-changing market conditions, there are a few ways you can tip the scales in your direction.

Pick the Right Real Estate Agent

The real estate agent or Realtor you choose can make a big difference in how fast your home sells and the price it ultimately sells for. A seasoned agent can also make the whole experience a lot less stressful by providing regular progress reports and helping you navigate through the various disclosures, inspections, and paperwork that’s required. An exceptional real estate pro will also provide you with valuable advice on how to improve the marketability and appearance of your property. Since “time is of the essence” when you put your home up for sale, it’s important to get as many qualified prospects walking through your house, as possible. Good salesmanship, competitive pricing, and sharp negotiating skills can also help bring in bonafide offers on your property — possibly even multiple offers.

Stress Reduction Tips For Home Sellers

In addition to having the support of a dependable real estate agent, there are also other strategies you can use to maintain your equilibrium.

  1. Make lists of all the things that need to be done, so that you don’t wake up in the middle of the night wondering if you forgot to do something important. Staying mentally organized is one of the keys to feeling like you have some control over all the chaos that’s going on in your life. Writing things down is also the first step to getting them completed. Keeping track of appointments, documents you need to gather, and professionals to confer with can also help prevent delays, miscommunication, or confusion.
  2. Schedule time for recreation, entertainment, and physical activity. Selling a home can bring with it a lot of ups and downs, so activities like socializing with friends, going for a walk in nature, or meditating can help maintain a positive outlook and a more balanced perspective on things.

Perhaps the most desirable attitude to adopt is to expect the best, but be prepared for temporary setbacks. While it’s true that some properties languish on the market for months, countless others have been scooped up by eager buyers in the first week or two on the market. It depends on a lot of factors, including preparation, excellent timing, and a smidgen of good luck!