Bo Lee - Coldwell Banker Residential Brokerage

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Posted by Bo Lee on 8/30/2020

If your home has lingered on the real estate market for many months, there is no need to worry. Revisit your home selling strategy, and you can find innovative ways to promote your house to the right groups of buyers.

Now, let's take a look at three tips to help you revamp your home selling strategy.

1. Consider the Homebuyer's Perspective

One of the reasons why your house might have failed to generate interest from homebuyers is you have not effectively accounted for the buyer's perspective. Fortunately, now is a great time to take a fresh approach to highlight your home to dozens of prospective buyers.

Think about why you bought your house in the first place. Then, you may be better equipped than ever before to prioritize home upgrades and ensure your residence matches or exceeds buyers' expectations.

Furthermore, it may be beneficial to cut down on clutter inside your house. Because if you have a clutter-free home, you can make it easy for buyers to envision what life may be like if they purchase your residence.

2. Assess Your House Listing

A home listing is important, particularly for a seller who wants to stir up significant interest from buyers. If at first your home listing misses the mark with buyers, you can always revise it as needed.

Ensure all of the information included in your home listing is accurate and up to date. That way, you can help buyers make an informed decision about your residence.

In addition, include high-resolution photographs in your home listing. With top-notch photographs incorporated into your home listing, homebuyers can view each room of your house at their convenience. Plus, these photographs may help you differentiate your residence from other available houses.

3. Reinvent Your Home's Curb Appeal

Curb appeal can make a world of difference in any housing market, at any time. If you enhance your house's curb appeal, you may be able to move one step closer to selling your house.

Trim the hedges, mow the lawn and perform other home exterior improvements as soon as possible. Also, if you need assistance with home exterior upgrades, you can always reach out to landscapers and other home improvement professionals for support.

Hiring a great real estate agent may help you streamline the home selling journey too. In fact, a real estate agent who understands the ins and outs of the housing market can offer lots of guidance as you sell your home.

A great real estate agent will set up home showings and open house events, negotiate with a buyer's agent on your behalf and help you prepare for a home closing. And if you ever have concerns or questions along the home selling journey, a real estate agent is available to respond to them.

Accelerate the home selling journey use the aforementioned tips, and you can rework your home selling strategy and boost the likelihood of a fast, profitable home sale.





Posted by Bo Lee on 8/23/2020

For those who want to sell a house, it helps to plan ahead as much as possible. By doing so, you can identify potential home selling hurdles and address such problems.

To better understand how to prepare for the house selling journey, let's take a look at three questions that every home seller needs to consider before listing a residence.

1. What is my home worth?

What you originally paid for your house likely is very different from your home's current value. Fortunately, a home appraisal makes it simple to receive an accurate property valuation based on the current condition of your residence and various real estate market factors.

A home appraisal report generally can be prepared in just days. To obtain this report, a home seller will need to hire a property appraiser to analyze his or her residence. Also, a property appraiser will evaluate the current state of the real estate market, the prices of comparable residences that recently sold and other relevant housing market data.

Once you receive a home appraisal report, you can establish a competitive initial asking price for your residence. And with this price in place, you may be able to speed up the home selling journey.

2. Is my home an attractive option?

Think about what sets your house apart from others you'll be happy you did. Because if you can differentiate your residence from the competition, you may be able to stir up lots of interest in your house as soon as it becomes available.

Oftentimes, it is beneficial to conduct a house inspection prior to listing a home. An inspection enables you to identify any underlying problems with your home. You then can prioritize and complete home repairs based on the inspection results.

You may want to allocate time and resources to bolster your house's curb appeal too. Remember, your home only gets one chance to make a great first impression on prospective buyers. If you enhance your residence's curb appeal, you can boost the likelihood that potential buyers will immediately fall in love with your home.

3. How can I maximize the value of my house?

There is no one-size-fits-all solution to promote a house to buyers. Lucky for you, real estate agents are available who can help you craft a custom home selling strategy.

A real estate agent is a home selling professional who understands what it takes to promote a house to the right groups of buyers. He or she will work with you throughout the home selling journey and do everything possible to ensure you can optimize the value of your house.

Best of all, a real estate agent is an expert home selling resource. And if you ever have concerns or questions as you sell your house, a real estate agent can respond to them at any time.

Want to streamline the home selling process? Hire a real estate agent today, and you can move one step closer to listing and selling your house.





Posted by Bo Lee on 6/28/2020

Image by Chris Goodwin from Pexels

Your luxury home is a major investment, so it’s important to make sure that you’re approaching the selling process the right way. Selling a luxury home comes with certain challenges that you’re less likely to encounter with a non-luxury home. Luxury homes aren’t as numerous overall, so you’ll have to work harder to attract more buyers. According to the National Association of Realtors, only 13 percent of first-time and repeat home buyers purchased homes costing $500,000 or more, and only 9 percent purchased homes measuring 3,501 square feet or more. Keep the following tips on selling luxury homes in mind before putting yours on the market.

Get the Pricing Right

Determining the right price for a luxury home can be a challenge. You might not have other comparable homes nearby to help you figure out your listing price, or your home might have special features that could make it worth more. Asking for too much for your luxury home could mean that it ends up staying on the market longer than you expected, especially since the number of buyers for these homes overall tends to be smaller. Asking too little means you’re missing out on getting what your luxury home is worth. 

Think Twice About Open Houses

Open houses are a common part of the marketing process for non-luxury homes. However, you might not want to have them for you luxury home. Anyone can attend open houses, which means you’re likely to have people stop by who have no intention of making an offer on your home. In addition to wasting your time, these open houses could also make it easy for criminals to target your home. Instead of open houses, consider arranging private showings for buyers who have a genuine interest in purchasing your home and the financial ability to do so.

Use High-Quality Photos and Videos

When marketing your luxury home, make sure you use high-end cameras for photos and videos. The quality of these can have a huge impact on how successful your online and offline marketing efforts are. High-quality photos and videos are an important part of attracting buyers and making an initial favorable impression on them.

Find an Experienced Real Estate Agent

When you work with a real estate agent to sell your home, make sure that you find one who has experience in the luxury market. Selling luxury homes involves taking different factors into consideration compared to selling non-luxury homes. A real estate agent without this experience might have a more difficult time selling your home or overlook important ways to attract the right buyer. Real estate agents with in-depth knowledge of how to sell luxury homes provide you with valuable help when your home is on the market, including helping you determine the right price for it.




Categories: Selling  


Posted by Bo Lee on 6/21/2020

If you list your home and fail to stir up interest in it, there is no reason to panic. In fact, there are many quick, easy ways to ensure your house consistently garners homebuyers' attention.

Now, let's take a look at three tips to help you showcase your home to dozens of prospective buyers.

1. Bolster Your House's Curb Appeal

How your home looks to potential buyers can have a significant impact on the house selling journey. If your residence appears drab and cluttered, buyers may be reluctant to set up a home showing. However, if you enhance your residence's curb appeal, you could make your home an attractive choice to buyers.

To upgrade your house's curb appeal, it is essential to mow the lawn, trim the hedges and perform other lawn care tasks. Don't forget to repair or replace any damaged home siding too. Because if you make your home's exterior appealing to buyers, you may find that many buyers want to check out your house as soon as possible.

2. Eliminate Clutter

Clutter is a problem that home sellers must eliminate. Otherwise, excess items scattered throughout a home may make a residence appear small.

For those who want to cut down on clutter, it may be beneficial to rent a storage unit. You can rent a storage unit close to home that enables you to keep various belongings safe until your residence sells.

If you are ready to get rid of assorted items, you can host a yard sale or list these items online. You also may want to donate unwanted items to a local charity or give them to family members or friends.

3. Employ a Real Estate Agent

When it comes to generating interest in a home, it often helps to hire a real estate agent. This housing market professional knows how to promote a residence to buyers, and ultimately, ensure a seller can reap the benefits of a quick, profitable property selling experience.

Initially, a real estate agent will walk through your home and perform an in-depth analysis. He or she next will work with you to craft a house selling strategy and showcase your residence to buyers. Finally, if you receive an offer to purchase your home, a real estate agent will help you assess this proposal and determine how to proceed.

Let's not forget about the assistance a real estate agent provides after you accept an offer to purchase, either. At this point, a real estate agent will guide you through the closing stages of the home selling journey. And if you have any concerns or questions along the way, a real estate agent is happy to address them.

If you find that buyers are hesitant to view your house, you may want to revamp your property selling strategy. Thanks to the aforementioned tips, you can revise your house selling plan and take the necessary steps to get buyers interested in your residence.





Posted by Bo Lee on 3/29/2020

In some instances, a home seller has limited time and resources to list his or her house and promote it to prospective buyers. Fortunately, there are many ways for a seller to make the most of his or her time and resources throughout the property selling journey.

Now, let's take a look at three tips to help a house seller get the most out of his or her time and resources.

1. Create a Plan

A home selling strategy can make a world of difference for any seller, at any time. Because if a seller knows what to expect after he or she lists a residence, this individual can plan accordingly.

As you put together a home selling strategy, think about your property selling goals. Then, you can determine the steps you'll need to take to achieve these goals something that may help you streamline the house selling journey.

2. Learn About Your Target Audience

Consider the buyer's perspective you'll be glad you did. If you understand why buyers may consider your residence, you can ensure your home listing hits the mark with them. And as a result, you could boost your chances of enjoying a fast, profitable home selling experience.

Don't forget to analyze your home's strengths and weaknesses too. Oftentimes, it is beneficial for a seller to conduct a house inspection before he or she lists a residence. With an inspection report in hand, a seller can identify any underlying home problems and correct these issues before they can slow down a potential home sale.

3. Hire a Real Estate Agent

If you need help to sell your home, you can always hire a real estate agent. There are many qualified real estate agents available in cities and towns nationwide, and these housing market professionals will do everything possible to ensure you can optimize your time and resources throughout the house selling journey.

A real estate agent understands the home selling journey varies from person to person. As such, he or she first will meet with you and find out why you are selling your residence. Next, a real estate agent will provide a personalized home selling strategy. A real estate agent then will promote your residence to prospective buyers, host home showings and open house events and much more.

Of course, if you receive an offer to purchase your house, a real estate agent is ready to help you determine the best course of action as well. Performing an in-depth analysis of a homebuying proposal sometimes can be difficult, but a real estate agent is happy to help you make an informed home selling decision.

For those who are looking to achieve the best-possible results during the property selling journey, it generally is beneficial to explore ways to maximize your time and resources. Thanks to the aforementioned tips, you'll be better equipped than ever before to use your time and resources to enjoy a quick, successful home selling experience.







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