Classic Properties REALTORS ®



Posted by Classic Properties REALTORS ® on 6/7/2020

If you’re selling your home it can be frustrating when you aren’t receiving any offers. Perhaps you’ve heard that it’s a seller’s market and that the offers on your house would be flying in. However, it’s more complicated than that.

Whether or not your house receives offers is determined by a number of reasons--some that in your control, others that aren’t. But, that doesn’t mean you have to give up and sell your house at a low price.

In this article, we’ll discuss what to do if your house just isn’t selling. We’ll talk about some reasons why people may be hesitant to bid, to inquire about a showing, and to seal the deal and purchase your home.

Revisit the comparable properties

If your home has been on the market for a while, it’s a good idea to check out the other recent homes in your neighborhood to see how their prices compare to the listing price of your home. Since the market fluctuates, other sellers could be adjusting the cost to reflect the current rates, leaving yours higher than it should be.

When pricing your home, make sure you are comparing your house to those that have actually sold. Using houses that have been on the market for a while as a baseline might mean you’ve priced your home too high to sell just like theirs.

Also, make sure you are using houses that share many of the common features that yours does. This can include:

  • Square footage

  • The year the house was built

  • Number of bedrooms and baths

  • The lot size

  • The condition of the home

Remember, it isn’t all just about location.

Getting more leads

If people aren’t making inquiries about your home, there are a few things you should check up on. First, make sure your listings are updated and accurate. The contact info should be easy to find, and you or your real estate agent should provide multiple means of contact (email, cell phone, text, etc.).

Next, ensure that you’ve given enough details about the house. If people are searching for a specific number of rooms but your listing doesn’t mention the number of rooms you have, you might be missing out on several inquiries.

Finally, make sure your photos are high resolution and well-lit. You want to make sure visitors to your listing can get a clear idea of what your home looks like. If your photos are small, dark, blurry, or if they make the house look cramped and cluttered, you should retake your photos or consider hiring a photographer.

Getting more offers

If you’ve had plenty of inquiries and showings but you aren’t getting any offers there may be a deeper, underlying issue that needs to be addressed. Usually, this means your home needs important repairs and upgrades that buyers simply don’t want to make.

If your house is priced to be move-in ready but it’s not, you’ll have to make some upgrades or lower the price.

Not working with an agent

Sellers can also have a difficult time getting offers if they attempt to sell the home themselves without using a real estate agent. If your home is FSBO (For Sale by Owner), you’re missing out on a number of listing services and connections that an agent can provide.





Posted by Classic Properties REALTORS ® on 4/12/2020

If you plan to sell your home, you should consider how you can stir up interest in your residence. Because if you know how to promote your house to buyers, there may be no shortage of home showing requests as soon as your residence becomes available.

Ultimately, it is important to give buyers lots of reasons to view your home. If you promote your residence to the right groups of buyers, you could reap the benefits of a quick, profitable house selling experience.

To better understand how to achieve the best-possible home selling results, let's take a look at three tips to help you showcase your residence to buyers.

1. Focus on Curb Appeal

Your home only gets one chance to make a positive first impression on buyers. Fortunately, if you allocate time and resources to improve your house's curb appeal, you may be able to differentiate your home from other available residences in your city or town. And as a result, you may receive lots of requests to view your home.

To enhance your house's curb appeal, you can mow the lawn, trim the hedges and perform other lawn care tasks. Don't forget to repair or replace any damaged home siding as well.

Remember, the better your home looks to buyers, the more likely it becomes that buyers will want to check out your house in-person. If you prioritize your home's curb appeal, you could make your house an attractive option to dozens of buyers.

2. Craft an Engaging Home Listing

A home listing often represents a great starting point for buyers to learn about your home. Thus, if you craft an engaging home listing, you may be able to transform your house into a must-see residence for buyers.

As you create a home listing, consider your house's features. Include relevant information about any distinct house features in your listing, and you may be able to help your home stand out from other available residences in your city or town.

Provide accurate information in your home listing, too. If you make it simple for buyers to use a listing to learn about your house, you can help these individuals determine if your residence matches their expectations.

3. Work with a Real Estate Agent

For those who want expert assistance as they promote a home to buyers, it generally is a good idea to hire a real estate agent. In fact, if you have a real estate agent at your side, you can seamlessly navigate the house selling journey.

A real estate agent understands how to generate interest in a house. He or she will help you promote your residence to the right groups of buyers. Plus, a real estate agent will set up home showings and open house events, ensuring you likely won't have to wait long before you receive an offer to purchase your residence.

Take advantage of the aforementioned tips, and you can make it easy for buyers to fall in love with your home.





Posted by Classic Properties REALTORS ® on 3/22/2020

Believe it or not, selling a home may prove to be a good idea. In fact, there are many reasons why selling a residence could be beneficial, and these include:

1. You can earn a profit from your home sale.

If you have allocated significant time and resources to maintain your residence, you may find there will be lots of interest in your house if you add it to the real estate market. As such, you could earn a profit from the sale of your home.

Of course, it often helps to craft a home selling strategy before you list your house. This strategy will enable you to determine the steps you'll need to take to optimize your home sale earnings.

2. You can downsize or upgrade.

In some instances, a homeowner may find his or her current residence is now too big or too small. If you encounter this situation, there is no need to worry, as you can always list your residence and downsize or upgrade as needed.

Selling a home allows you to reconsider your living situation. Thus, if your current house is too big, you can sell your home and move into a smaller residence. On the other hand, if you need more space than your current home offers, you can list your residence and pursue a bigger home in the city or town of your choice.

3. You can find a new home close to family members and friends.

If you have to travel great distances to visit family members and friends, you may want to consider moving closer to these loved ones. Thankfully, you can sell your residence and relocate to a new home near family members and friends.

Clearly, there are many reasons why selling a home may be a good idea. If you hire a real estate agent, you can receive comprehensive assistance throughout the property selling journey.

A real estate agent will do whatever it takes to help you achieve the optimal home selling results. First, he or she will meet with you and find out why you are selling your house. A real estate agent next will offer tips to help you prepare your residence for the housing market. Then, when you're ready to sell your home, a real estate agent will promote your residence to prospective buyers. And if you receive an offer to purchase your house, a real estate agent will help you analyze this homebuying proposal and make an informed decision.

In addition, a real estate agent is a home selling expert. He or she will respond to any of your home selling concerns and questions, and by doing so, ensure you can achieve your desired results.

If you decide to sell your residence, you may want to hire a real estate agent. Because if you have a real estate agent at your disposal, you can get the help you need to simplify the property selling journey.





Posted by Classic Properties REALTORS ® on 12/22/2019

Although a home seller wants to enjoy a quick, seamless home selling experience, problems sometimes can arise along the way. And if a home seller is not careful, these issues may cause him or her to encounter one of the dreaded home selling worst-case scenarios.

Ultimately, there are many home selling worst-case scenarios that a seller should try to avoid at all costs, and these scenarios include:

1. A home is priced too high.

A home seller should establish a competitive price for his or her residence from the get-go. Because failure to do so could force a residence to linger on the housing market for weeks, months or years.

To determine a competitive price, it helps to conduct plenty of real estate market research. Looking at the prices of recently sold houses in your city or town can help you determine whether you're preparing to enter a buyer's or seller's market. Also, examining the prices of comparable houses in your area can help you narrow your price range.

Furthermore, a property appraisal is a viable option for all home sellers, at all times. During an appraisal, a home expert will assess your residence and provide a property valuation. Then, you can use the property valuation to price your home accordingly.

2. A homebuyer requests a price reduction or major repairs after an inspection.

A home inspection generally takes place a few days after a seller accepts a buyer's offer on a residence. If this inspection reveals a wide array of home problems, it could jeopardize a potential sale.

It often helps to complete a home inspection before listing a residence. This inspection allows a seller to identify any home problems and resolve these issues immediately.

In addition, a home seller should understand his or her options after an inspection that reveals myriad home problems.

If a buyer requests a price reduction or home repairs after an inspection, a seller can agree to the buyer's terms or counter a buyer's proposal. Or, if a seller feels a buyer is being unreasonable, he or she can walk away from a home sale and relist his or her residence.

3. A home seller hires a real estate agent who lacks comprehensive industry experience.

If a seller hires a real estate agent who lacks comprehensive industry experience, he or she risks a long, arduous home selling experience.

There is no need to hire an inexperienced real estate agent. In fact, dozens of top-notch real estate agents are available nationwide, and these housing market professionals can help you achieve your home selling goals in no time at all.

The ideal real estate agent will know the ins and outs of the housing market. Plus, he or she will be able to guide you along each stage of the home selling journey and do whatever it takes to promote your residence to the right groups of buyers.

Enjoy a fast, profitable and worry-free home selling experience – consider the aforementioned home selling worst-case scenarios, and you can minimize risk throughout the home selling journey.





Posted by Classic Properties REALTORS ® on 11/3/2019

As the new year approaches, you may wonder what changes are ahead for you and your family. If you have been thinking about selling your home in the coming year, there are a few pretty good reasons to do so. Read on, and you may find some new real estate goals for the new year. 


There’s Not A Lot Of Inventory


If the inventory is low, you’ll find that it’s a great time to put your home on the market. Your home will sell a bit faster and attract more buyers. If the market is particularly busy, you may get an even better price than expected for your home. 


People Want Homes Fast


Certain times of year bring a bit more urgency to the market. Employees may be more apt to have transfers within their company. Families may be looking to move in before the start of the school year. These situations can get your home off the market fast for the right price.


The Seasons Of Real Estate Are Different


While we typically think of spring as starting in late March, spring in the real estate world actually begins in January. Once the holidays are over, it’s believed that people are ready to make moves with their properties. This early season holds especially true in warmer climates. It’s thought that the earlier in the year a home is listed, the more it will stand out on the market. If you’re listing a house in a warmer climate, keep in mind that people who are looking to escape cold climates are looking to buy in the early months of the year.  


Keep in mind that if you do live in a colder climate and plan to sell and your property has some great outdoor space, you may want to wait until a warmer time of year to sell. 


The Lower The Price Of The Home The Faster It Moves


If your home is on the lower end of the price spectrum, you may be able to sell whenever you’d like., These home are attractive to first-time buyers and move fast off the market. They’re great for starter homes, fixer uppers, and house flippers.


The bottom line is that in a hot market there may be no wrong time to sell. If you speak with a REALTOR® and they believe the time is right, and you’re itching to move on to another property you should. Real estate agents have the knowledge and experience that can help you to find the right time to sell as well as the sweet spot for pricing your home.