Lorraine Kuney's Blog
For home sellers, maximizing the value of a property remains a top priority. However, finding the best ways to boost the value of a residence quickly can be an uphill climb for many home sellers, and for good reason.
In most instances, home sellers have limited time and resources at their disposal. Thus, dedicating substantial time and resources to complete a full home overhaul rarely, if ever, is an option.
Fortunately, there are many quick, easy ways for home sellers to make the most of their time and resources and boost their value of any home in any housing market. Here are three tips to help home sellers enhance a property's value.
1. Focus on the Kitchen.
The kitchen often represents the main attraction in a home. As such, you may want to allocate time and resources to revamp your kitchen over other areas of your house to boost your residence's value.
Updating your kitchen hardware and cleaning the kitchen floors often requires minimal time and resources but can make a major difference in the eyes of homebuyers. Thus, a home seller who focuses on kitchen enhancements may be able to move one step closer to maximizing the value of his or her house.
2. Paint the Bedroom Walls.
Adding a fresh coat of paint to the bedroom walls can make a world of difference in your bedroom's appearance. Plus, you may be able to paint the walls in only a few hours, which means you won't have to worry about allocating substantial time and resources to complete this task.
Remember, you only get one chance to make a first impression. And if you paint your bedroom walls, you can minimize signs of wear and tear on your walls and give your bedroom a new look and feel. As a result, your bedroom may help your home stand out to homebuyers and enable you to optimize the value of your residence.
3. Keep Your Home's Exterior Clean.
Simple home exterior upkeep can deliver long-lasting benefits, particularly when it comes time to add your house to the real estate market.
Mowing the lawn, trimming the hedges and performing other landscaping tasks will boost your home's curb appeal instantly. In addition, if you power-wash your home's siding and driveway, you can may be able to transform your ordinary house into an attractive one that stirs up plenty of interest from homebuyers.
When it comes to finding ways to boost your home's value, don't be afraid to ask your real estate agent for help. Your real estate agent is an experienced housing market professional, and as such, may be able to offer tips to ensure you can improve your home without breaking your budget.
Furthermore, your real estate agent can provide honest feedback about your home. That way, you can establish realistic expectations and get your house ready to show to potential homebuyers.
Use the aforementioned tips to bolster the value of your home – you'll be glad you did. By doing so, you can enhance your house's appearance inside and out and improve your chances of a quick home sale.
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A great read was an article from Realty Times printed March 2015 on the topic Individual Agent Vs. Agent Teams. The article talks about how agents on both sides of that coin are very passionate about which side they are on. The agent who wrote the Realty Times article is in favor of Individual Agents as opposed to Teams. The graphic that was included in that article showed a photo of The 3 Stooges! Appropriate as to my thoughts on the subject.
As a strong listing agent myself, I believe that teams can be more of a negative than a positive to a seller. The only benefit I see to having a team is to boost numbers and ranking in MLS. Are all those agents on that team really benefiting the seller? And, are they all representing the seller? If the team concept is pushed as a plus for your seller and that the entire team is working for the seller, then yes they should all be seller’s agents. But what happens when one of those many team members has a buyer? That agent now needs to be a Dual Agent, which means the agent neither works exclusively for the buyer nor the seller. For that reason, I am not a fan of Dual Agency, it does not benefit the seller at all. A seller hires an agent to represent them, fiduciary responsibility and all. Why would they want to hire an agent who does not represent them fully?
I know agency law in my state, if I go into a listing appointment already having a possible buyer for that home I disclose it. But that is rare, I primarily work with sellers. If I get a buyer after having listed a property I clearly disclose to that buyer that I am a sellers agent and therefore I do not have to succumb to Dual Agency. Can teams promise that? I find that hard to believe.
It is much better when only one person is communicating, negotiating and representing the sellers. There is less liability when less people are involved. Do you really know what those team members are saying and doing all the time? I see it becoming too risky unless the team is set up with only one agent as the Listing Agent and the others as Buyers Agents. An individual agent with a support team is the best way to represent a seller.
In that same article a partial quote from Teresa Boardman from a post to Inman, Feb. 2015, “as an agent and a Realtor- it doesn’t take 9 women to have a baby faster” and to that point, it does not take a team to sell a house faster. With teams, using agents to “fill in” is not good, in fact it is exactly what you would expect. There is a big difference between quality and quantity….