Katie McBride's Blog
For home sellers, renting a storage unit may prove to be a great idea, and perhaps it is easy to understand why.
A storage unit will make it simple to keep personal belongings like artwork and photographs out of sight while you sell your house. Plus, a storage unit offers a secure space for your personal belongings, one that you can quickly and effortlessly access at any time.
Although there are many wonderful reasons to rent a storage unit, choosing the right-size unit can be difficult, particularly for a first-time home seller. Lucky for you, we're here to help take the guesswork out of selecting a storage unit that suits you perfectly.
Now, let's take a look at three tips to help a home seller choose the right-size storage unit.
1. Take a Look at the Items That You Need to Store
A home seller must do everything possible to remove clutter before listing a house. And with a storage unit at your disposal, you should have no trouble keeping excess items outside your residence.
Ultimately, it is important to make a list of the items that you want to place in storage before you rent a storage unit. This will help you determine exactly how much space you'll need based on the items on your list.
For example, if you need to store a bicycle, treadmill or other large items, you may want to choose a 10' x 15' storage unit. Or, if you need to store boxes of kitchen utensils, bathroom supplies and various small items, a 5' x 5' storage unit may prove to be the ideal choice.
2. Consider How Long You'll Need a Storage Unit
With the right-size storage unit, you can protect various personal belongings until a homebuyer purchases your residence.
As you explore your storage unit options, it often helps to create a budget. That way, you can ensure that you'll have sufficient finances available to cover the costs of a storage unit for an extended period of time.
If you are unsure about your long-term finances, you may want to rent a small storage unit, thereby resulting in affordable monthly storage unit rental costs. On the other hand, if you feel comfortable with your financial situation, you may be better equipped than others to select a large storage unit.
3. Consult with a Real Estate Agent
Determining how much space you'll need in a storage unit can challenge even the most diligent home seller. Thankfully, a real estate agent can help you prepare your residence for the housing market as well as make it easy to decide how much storage space you'll need.
A real estate agent can put you in touch with storage unit providers in your city or town. In addition, he or she can offer home decluttering tips and help you get excess items into the right-size storage unit in no time at all.
Ready to rent a storage unit? With the aforementioned tips, you can select the right-size storage unit to safeguard myriad personal belongings while you sell your house.
The number of showings a seller needs to host varies. In some instances, a buyer may submit an offer to purchase a house following an initial showing. Or, in other cases, a seller may host dozens of showings without receiving any offers to purchase his or her house.
Ultimately, there are lots of things that a seller can do to boost the likelihood that a home showing leads to an offer to purchase his or her residence, such as:
1. Perform Home Upgrades
A faulty light in your kitchen or chipped paint on your bathroom's wall may be problematic. But if you perform home upgrades, you can complete myriad house repairs. Perhaps most important, you can address various home problems before they otherwise slow down the house selling journey.
Oftentimes, it helps to take a room-by-room approach to identify home problems. If you make a list of house issues, you can address these problems over the course of several days or weeks. Then, when your house is ready, you can add it to the real estate market and host showings.
2. Clean Your House
A neat, tidy house is sure to make a great first impression on buyers. If you devote time and resources to clean each room in your house, you could make it easy for buyers to fall in love with your residence.
Of course, if you need help with home cleaning, you can always reach out to professionals for assistance. If you employ home cleaning professionals, you can upgrade your residence's appearance in no time at all.
3. Eliminate Clutter
Antiques, paintings and other decorations may help you transform a house into a home. However, you should remove these items before you host a house showing. Because if assorted personal belongings are scattered across your residence, it may be tough for buyers to envision what life could be like if they purchase your house.
If you have lots of personal belongings, you can rent a storage unit where you can keep these items safe until your residence sells. Or, if you have excess items, you can sell these items or give them to family members or friends.
Lastly, as you get set to list your residence, you may want to hire a real estate agent. This housing market professional will offer tips and recommendations to help you get your residence show-ready.
A real estate agent understands how to promote a residence to the right groups of buyers. He or she will schedule showings on your behalf and provide feedback after buyers view your residence. Plus, if a showing results in an offer to purchase your residence, a real estate agent can offer suggestions about whether to accept, reject or counter this proposal.
If you prepare for a home showing, you could accelerate the house selling journey. Thanks to the aforementioned tips, you can get ready for any showing, as well as make your home an attractive option to buyers.
For those who plan to list a house in the foreseeable future, it often is beneficial to track the real estate market. By doing so, a home seller can identify real estate market patterns and trends and quickly address any potential property selling hurdles.
Now, let's take a look at three tips to help you analyze housing market data so you can accelerate the property selling journey.
1. Review the Prices of Recently Sold Houses in Your Area
Check out the prices of recently sold houses in your city or town. That way, you can find out whether sellers are accepting offers to purchase at or above their initial home asking prices.
Furthermore, it may be a good idea to see how your house ranks against recently sold residences. With this housing market data in hand, you may be better equipped than ever before to establish a competitive initial asking price for your home.
2. Determine How Quickly Houses Are Selling
As a home seller, you should find out whether you're preparing to enter a buyer's or seller's market. If you look at how quickly houses are selling in your city or town, you can distinguish a buyer's market from a seller's one.
In a buyer's market, you will find many sellers and few buyers. Conversely, in a seller's market, there is an abundance of buyers and few sellers.
The differences between a buyer's and seller's market are significant. If you understand whether you're getting ready to sell your home in a housing market that favors buyers or sellers, you can determine how to price your residence so it will generate plenty of interest from buyers. And as a result, you may be able to streamline the home selling journey.
3. Assess the Prices of Homes That Are Similar to Your Own
Your home may be one of many available to property buyers. Thus, you should review the prices of houses in your city or town that are similar to your own. This housing market data will help you narrow the price range for your residence.
Also, you may want to review rival home sellers' property listings and see how these sellers promote their residences to prospective buyers. Because if you can find ways to differentiate your home listing from competitors', you could boost the likelihood of a successful house selling experience.
As you prepare to add your house to the real estate market, you may want to hire a real estate agent as well. A real estate agent will offer recommendations so you can enhance your residence both inside and out and help you establish a competitive initial home asking price. Plus, a real estate agent will help you review an offer to purchase your home and determine the best course of action.
Take the guesswork out of selling your house – use the aforementioned tips, and you can monitor the real estate market and use housing sector data to simplify the property selling journey.
A yard sale offers a valuable opportunity to get rid of items before you sell your house. As such, it is important to promote your yard sale effectively; otherwise, you may miss out on a chance to declutter and earn extra cash at the same time.
Ultimately, there are many quick, easy ways to stir up interest in your yard sale, such as:
1. Post flyers in your city or town
Old-fashioned flyers can help you promote your yard sale to large groups of people in your city or town. That way, you can create a buzz around your event and increase the likelihood of selling your stuff.
If you use flyers to promote your yard sale, be sure to include essential information like the location, date and time of your event. Also, using bright, vibrant paper and colorful markers may help your flyers stand out.
Ensure that all of your yard sale flyers are legible, accurate and easy to understand. This will help minimize the risk of miscommunication with potential event attendees.
Of course, it never hurts to ask business owners for permission to post flyers at local companies, either. The more flyers that you post, the more likely it becomes that your yard sale will be a resounding success.
2. Create an online posting
An online posting makes it simple for you to provide details about your yard sale to large groups of people.
Putting an online posting on Craigslist or local community websites may prove to be worthwhile. And in some instances, you may even be able to include photos of items that you plan to sell at your yard sale.
In addition, invite friends on Facebook and other social networks to attend your upcoming yard sale. By doing so, you can boost your chances of stirring up substantial interest in the days leading up to your event.
3. Select the right date and time
Oftentimes, Saturdays and Sundays are the best days to host a yard sale, and for good reason. Many people don't have to work on weekends, and as a result, may have free time to attend your yard sale.
After you know which day of the week that you want to host your yard sale, consider the date and time of your event closely.
Take a look at the holiday calendar, and you should have no trouble selecting a yard sale date that works well for most people in your area.
Think about the time of your yard sale too. And remember, if you host a yard sale that coincides with local community events, it may be difficult for some people to attend.
Lastly, if you need extra help stirring up interest in your yard sale, don't hesitate to reach out to your real estate agent. This housing market professional may be able to share details about your upcoming yard sale with clients and colleagues.
Generating buzz in a yard sale can be easy, and with the aforementioned tips, you can stir up plenty of interest in your event.
After you accept an offer on a home, you likely will only have a few weeks to pack up your belongings and vacate the premises. As such, there are many questions that home sellers need to consider at this point, including:
1. Where am I going to live?
If you haven't figured out where you're going to live after your home closing, there is no need to panic. Consider all of your potential living options now, and you can plan accordingly.
Oftentimes, friends and family members may be willing to provide you with a temporary place to live. These loved ones may enable you to stay in their houses until you buy a new residence. Or, in some instances, you may be able to permanently move in with friends and family members.
On the other hand, if you enjoy being a homeowner, you may want to kick off a home search right away. This will enable you to find a new place to live in the city or town of your choice. Also, if you work quickly, you may be able to finalize your home purchase around the same time that you sell your current house.
2. What is the homebuyer's next step?
In most cases, a homebuyer will have a set amount of time to schedule a home inspection after you accept his or her offer. Once the home inspection is complete, the buyer will receive a report that provides insights into the condition of your house.
For home sellers, a home inspection can be stressful. If a property inspector discovers problems with a residence, a buyer may choose to walk away from a home purchase or ask a seller to complete various home renovations.
When it comes to selling a house, it pays to be honest. If you provide honest responses to a homebuyer's questions about your residence, you can help the buyer make an informed purchase decision. Plus, with this approach, you can minimize the risk that a home inspection may lead a buyer to rescind his or her offer.
3. What will I need to do to finalize the home sale?
The time between accepting a home offer and reaching the closing date may seem endless. However, a patient home seller will be able to stay calm, cool and collected, even if challenges arise along the way.
As a home seller, you should try to do everything you can to reach the finish line of a property sale. If you maintain consistent communication with a real estate agent, you can seamlessly navigate all stages of the home selling cycle.
A real estate agent works on a home seller's behalf and will do everything possible to minimize potential pitfalls. Thus, this housing market professional is happy to respond to a home seller's questions to ensure this individual is fully supported in the weeks and days leading up to a home closing.
Collaborate with a real estate agent, and you can receive plenty of support throughout the home selling journey.