Should You Buy or Sell First?
Is it better to buy a new home or sell your existing home first? Both options have their advantages and their risks. By carefully examining the pros and cons, and by providing alternatives in case of setbacks, you will be able to make an informed decision.
Selling First
By selling your current home before buying a new one, you’ll know the exact amount you’ll be receiving from the sale. You’ll therefore have a very good idea of how much money is available to buy your new home.
You might start feeling an urgent need to find a new home right away. But keep in mind that you’ll already have all the information needed to make your promise to purchase. For example, you’ll know when the buyers of your current home are moving in, and can therefore easily establish when you’ll need to take possession of your new home. If ever the dates don’t coincide, you can always plan for temporary accommodation.
Buying First
When you buy first, you’ll know your new address, the exact price of your new home, the date on which you’ll become owner and the transaction date. You’ll be able to consider these things when you receive a promise to purchase for your current home.
You can also make a promise to purchase that is conditional on the sale of your home. In this case, the owner of the property you’re interested in might receive another offer without any conditions. In order to give yours priority, the owner will ask you to withdraw your condition. You will therefore have to decide whether you’d rather buy that property before selling your existing home, or withdraw your offer.
One way or another, it’s a good idea to plan a temporary source of financing in case your current home isn’t sold when you sign the purchase contract for your new home.
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Guide For a Seller : How to sell a house ? Download The PDF – GUIDE * If you can’t view the PDF file, You can download Adobe Reader. |
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About Your House: Getting Your House Ready to Sell Download The PDF – GUIDE 63236 |
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The goal of the Home staging is to make a home appealing to the highest number of potential buyers, thereby selling a property more swiftly and for more money. Staging techniques focus on improving a property’s appeal by transforming it into a welcoming, attractive product that anyone might want.
Do you know that the potential homebuyers make their decision on whether to purchase a house within the first 90 seconds. That 9 out of 10 times the buyer makes his decision following the fall in love.
The first impression is the key factor in selling your home. Typically, a potential buyer has made up their mind ten seconds after they step in the front door. They were already forming an opinion as they pulled into your driveway! That really doesn’t leave too much room for fault.
To achieve the greatest possible outcome a home should always be presented at its best the first time around.
That first impression is everything. Home staging is not decorating. Home staging is marketing. It is not important whether or not you like the style of décor featured in your staged home. It is important that this décor appeals to a wide audience of potential buyers who can now enjoy the benefit of seeing themselves living in your home, in an ideal setting, enjoying a virtually perfect lifestyle. More buyers are interested in your property, greater the chances of selling and get the best price are.
The way how you live in your home and how you show it and sell it are two totally different things. That is why you have to present your property to sell quickly and at the best price.
The main principles of Home Staging
• De-cluttering rooms and maximize storage space.
This is the golden rule of home staging. This helps to show the potential of the space and not the objects. The piles of furniture and accessories have the effect of distracting visitors and do not allow them to visualize the living space.
• De-personalize the interior of the house.
You have to make your property look neutral to be able to make the buyer can imagine living there. This will allow the buyer to feel his own paradise and to appreciate the visit.
• Remove some furniture to show the potential of the space.
• Fix all small details and make your house have a contemporary look.
These repairs can decrease the value of your property. For the buyers the minor negligence may look a major. This gives to the visitors the impression that the house is not well maintained.
The buyers always tend to reduce the offered price with a higher amount than the repair cost. By investing in the repairs you’re more likely to get maximum results from the sale.
• Neutral colors are best for marketing your home for sale.
The painting offers the best value for resale. It improves the house appeal and shows that it is well maintained. It is an economical way to harmonize the interior.
• Focus on home lighting.
The buyer will have a better impression of a bright place. The low investment in fixtures of all kinds is usually easily recovered from the sale.
• Improve the external appearance of the house.
The exterior of your property is very important to create a good first impression.
• Pay attention to the ambient odor of your property.
Some odors are more likely to appeal and promote real estate deals.
• Perform a deep cleaning in all parts of the property.
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