Thomas Murphy - Pine Shores Real Estate



Posted by Thomas Murphy on 4/25/2021

As a home seller, your goal is to optimize your property sale earnings. Yet doing so may prove to be difficult, particularly for those who are operating in a fierce real estate market. Lucky for you, we're here to help you differentiate your residence from the competition and boost the likelihood of a profitable home selling experience.

Now, let's take a look at three tips to help you optimize your home sale earnings.

1. Enhance Your House's Curb Appeal

How homebuyers perceive your residence when they view it for the first time may impact your ability to maximize your home sale earnings. If buyers see a home with a pristine front lawn, dazzling garden and other stunning exterior features, they may set up home showings right away. Then, after buyers see all that your residence has to offer, they may submit homebuying proposals that match or exceed your expectations.

Ultimately, your house's curb appeal can make a world of difference during the home selling journey. If you allocate time and resources to trim the hedges, mow the lawn and perform other home exterior upgrades, you can boost your residence's curb appeal in no time at all.

2. Remove Clutter from Inside Your Home

Although you may have collected many antiques, paintings and knick-knacks over the years, these items may actually do more harm than good when you try to sell your house. In fact, your personal belongings may make it tough for buyers to envision what life may be like if they purchase your home.

Oftentimes, it helps to rent a storage unit before you list your residence. This will enable you to keep assorted personal belongings safe and outside your home until your residence sells.

You also may want to host a yard sale or list items online prior to selling your house. This will allow you to simultaneously remove clutter from your house and earn extra cash.

3. Hire a Real Estate Agent

For home sellers who want to maximize their home sale earnings, it pays to hire a real estate agent. This housing market professional will work with you throughout the home selling journey to ensure you can get the best price for your home.

Typically, a real estate agent will meet with you, learn about your house and craft a home selling strategy. He or she then will host home showings and open house events to promote your residence to potential buyers. And if a buyer submits an offer to purchase your house, a real estate agent can provide a recommendation about whether you should accept, reject or counter this proposal.

A real estate agent can respond to your home selling concerns and questions too. As a result, he or she can help you make informed decisions throughout the home selling journey.

Ready to list your home? Use the aforementioned tips, and you should have no trouble enjoying a quick and profitable home selling experience.




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Posted by Thomas Murphy on 3/28/2021

Many sellers rely on agents to help them to deal with the task of selling their home. If you’re looking to buy or sell a home, a real estate agent isn’t required. There are many advantages and disadvantages to selling your home as a “For Sale By Owner” (FSBO). Read on to discover the good and bad of selling your home on your own. 


The Pros


Avoid Paying Commission


Real estate commission is the main reason that many sellers choose to go it alone. You’ll pay about 6% commission on the sale of your home between buyers and sellers agents. When figuring out the asking price for your property, this number that you’ll pay for a commission is included. This sale price also should be enough to pay off the remaining balance on the property. If you don’t have a lot of equity in your home, an FSBO may be your only option if you can’t afford the commission. Another option is to wait to sell your home until you have built up enough equity for the transaction to make sense for you. 


You Can Find Other Resources To Help You Sell The Property


There are so many resources available to FSBOs in today’s market. Yards signs aren’t the only thing that sellers can use to get people interested in their property. Many websites and resources assist people taking the FSBO approach. You still may not be able to get your property listed everywhere if you’re not a real estate agent. 


Cons


You Won’t Be Able To List The Property Fully


Only licensed real estate agents have access to the MLS, where buyers' agents and other websites pull available properties.  Not having access to this can be a deterrent to the marketing of your home. You could miss out on getting many home showings that you otherwise would if your house was listed on the MLS. 


There’s No One To Help You With Paperwork And Negotiations


Real estate agents certainly earn their commission. There is a lot of work in both selling and buying a home. If you hire an agent, he’ll be taking phone calls, sending off forms, and dealing with the negotiations on the property. An agent will also coordinate home showings and have the ability to show your property when you’re unavailable. If you go it alone, you won’t have that assistance and may be a bit overwhelmed during the selling process.


A real estate agent also understands the lingo better than someone who has been outside of the business. There are many advantages to paying his fee if you decide to hire him for the sale of your home.           






Posted by Thomas Murphy on 1/31/2021

If you plan to sell a house for the first time, it pays to think about how you'll price your house. By doing so, you can establish a competitive price for your residence and boost your chances of a fast, profitable home sale.

Now, let's take a look at three pricing tips that every first-time home seller needs to know.

1. Perform Housing Market Research

Although you may have bought your home in the peak of a buyer's market, it is important to note that the real estate sector constantly fluctuates. This means the value of your home today is unlikely to match its value from a few years ago.

Before you price your house, you should take a look at a variety of housing market data. This information is readily available and will enable you to take an informed approach to the real estate market.

For example, a first-time home seller should examine the prices of available houses that are similar to his or her own. With this housing market data, a home seller can find out how his or her residence stacks up against the competition.

It also helps to review the prices of recently sold houses in your city or town. That way, you can determine whether you're about to enter a buyer's or seller's market and set realistic pricing expectations for your residence.

2. Conduct a Home Appraisal

A home appraisal is exceedingly valuable, particularly for a first-time home seller who is uncertain about the value of his or her house.

During a home appraisal, a property appraiser will examine a residence's condition, as well as various housing market data. Then, this appraiser will provide a comprehensive report that includes a property valuation.

By completing a home appraisal, a first-time home seller can receive expert property insights. Plus, the appraisal enables a home seller to identify a property's strengths and weaknesses.

3. Collaborate with a Real Estate Agent

A real estate agent is a housing market professional who is committed to client results. As such, a real estate agent will go above and beyond the call of duty to help a first-time home seller set the right price for his or her house.

Typically, a real estate agent will meet with a home seller and learn about his or her property selling goals. This housing market professional then will provide extensive housing market insights to ensure a home seller can establish a competitive home price from day one.

Let's not forget about the support that a real estate agent provides throughout the home selling journey, either. A real estate agent will set up home showings and open houses and do everything possible to help a home seller optimize the value of a residence. Also, if a home seller has questions, a real estate agent is ready to respond to them at any time.

Take the guesswork out of pricing your residence – use the aforementioned tips, and a first-time home seller can establish a competitive price for his or her home.





Posted by Thomas Murphy on 11/29/2020

Home sellers sometimes struggle to stir up interest in their residences. Fortunately, there are lots of things you can do to help your residence capture buyers' attention, such as:

1. Craft an Engaging Home Listing

A home listing should engage and inform buyers. Otherwise, an ineffective listing may make it tough for a seller to effectively promote his or her residence to the right groups of buyers.

To craft an effective home listing, it is important to consider the buyer's perspective. Think about why you purchased your home in the first place, and you may be able to identify unique property features that you can highlight in your listing.

Also, ensure your home listing is clear, concise and easy to understand. You may want to incorporate high-resolution images of your home into your listing as well.

2. Boost Your Home's Curb Appeal

As a home seller, it is crucial to upgrade your house's curb appeal. Because if your home makes a positive first impression on buyers, you could speed up the property selling journey.

To bolster your house's curb appeal, you should mow the lawn, trim the hedges and perform other lawn care tasks. You may want to repair or replace any cracked or damaged home siding, too.

For those who want extra help with home exterior upgrades, you can always hire local contractors. In fact, these professionals will streamline the process of upgrading your house's curb appeal.

3. Eliminate Clutter

If your home is loaded with a wide array of personal belongings, you may want to remove these items. That way, you can help buyers envision what life may be like if they purchase your house. You also can show off the full size of your residence during open house events and home showings.

Cutting down on clutter can be simple. If there are items you no longer need, you can donate them to a local charity, sell them at a yard sale or online or give them to family members or friends. Conversely, if there are items that are broken or damaged, you can safely dispose of them.

As you get set to promote your residence to buyers, it often helps to have an expert real estate agent at your disposal. A real estate agent understands the ins and outs of the property selling journey. Therefore, he or she can help you achieve your desired home selling results as quickly as possible.

If you are committed to getting the best price for your residence, for example, a real estate agent will help you do just that. Or, if you are unsure about how to price your home, a real estate agent is happy to provide pricing recommendations. Perhaps best of all, if you ever have questions during the home selling journey, a real estate agent can respond to them.

Want to generate interest in your home? Use the aforementioned tips, and you can boost the likelihood that your house will capture buyers' attention.




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Posted by Thomas Murphy on 11/8/2020

A successful home selling experience likely concludes with a profitable transaction. However, plenty of work lies ahead before a home seller can achieve the best-possible results.

Ultimately, there are several things that a home seller can do to ensure that he or she receives top dollar for a residence, and these are:

1. Conduct a Home Inspection and Appraisal

If you want to maximize your profits, you should complete a home inspection and appraisal prior to listing your house. That way, you can identify any underlying structural problems with your home and receive an accurate property valuation based on your residence's age and condition.

During a home inspection, a property expert will examine your residence both inside and out. Then, you can use an inspection report to prioritize assorted home improvements.

Meanwhile, a home appraisal enables you to receive a valuation of your residence. With this valuation in hand, you can establish a competitive initial asking price for your home.

2. Perform Home Improvements

Your home's condition may have deteriorated over the years. Fortunately, there is no time like the present to perform myriad house improvements.

If necessary, it may be beneficial to hire a professional landscaping company to mow the lawn, trim the hedges and improve your house's exterior. A professional landscaping company will make it easy for you to boost your house's curb appeal.

To enhance your residence's interior, it generally helps to declutter as much as possible. If you host a yard sale or sell excess items online, you may even be able to simultaneously remove clutter from your house and earn extra money.

3. Collaborate with a Real Estate Agent

If you're uncertain about how to earn top dollar for your house, there is no need to worry. In fact, you can hire a real estate agent who can help you optimize the value of your residence.

A real estate agent understands all aspects of the housing market. Therefore, he or she will develop a custom home selling strategy, one that ensures you can maximize your earnings.

Typically, a real estate agent first will meet with you to learn about your home. This housing market professional then will offer recommendations to help you get your residence show-ready. And once you list your house, a real estate agent will host home showings and open house events to showcase your residence to prospective buyers.

Let's not forget about the guidance that a real estate agent will provide throughout the home selling journey, either. A real estate agent will offer recommendations about whether to accept, reject or counter a homebuying proposal. Perhaps best of all, this housing market professional is happy to respond to any of your real estate questions at any point during the home selling journey.

When it comes to selling a house, it helps to plan ahead. Take advantage of the aforementioned home selling tips, and you can boost the likelihood of earning top dollar for your residence.




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