Selling Process

Thinking About Selling?

When selling a home, everyone has different goals in mind that need to be taken into consideration when determining the marketing price. Factors such as market conditions and comparable sales wil play a role in setting the sales price of your house. We wil take into account how quickly houses are selling in your area, current interest rates (which impact the buyers looking at your home), the amenities of the area in which your home is located, and finally whether it is a buyer's or seller's market. Based on all of these factors, we will recommend a price at which to begin marketing your home that takes into account your goals as well as the local market.

If you could provide us with some brief information in the fields below or click on live chat, we will contact vou at a time that is convenient for you to view vour home and prepare a Comparative Market Analysis. Alternatively, you can click the link below to receive an instant home value estimate.

Improvements That Pay

If you're considering making home improvements such as remodeling your kitchen or finishing your basement, you probably want to ensure that you get a good return on your investment when you eventually sell your home. However, the profitability of home improvements can vary greatly. Several factors are involved in determining how well a project will pay back, and this includes the current market conditions in your neighborhood. In a hot market where homes are selling fast, you can expect to receive a higher payback value compared to a slow market.

The type of project vou undertake and how it fits in with other homes in the area can also have a significant influence on the payback value. Investing in the wrong type of improvement can result in not getting your money back, but fi you make smart choices, you can add value to your home that will make marketing it in the future easier. Improvements that are in demand and conform to o u r neighborhood's standards provide a higher payback. For example, adding a second bathroom in a neighborhood where most homes have two bathrooms will give a good return on investment.

Conversely, building a large addition that makes your home twice as big as other homes on your block is unlikely to pay back very well. Additionally, the popularity of a project will also factor into how much it pays back. An improvement heavily customized to your wants and needs may not pay back as well as something more common in other homes in the neighborhood and desirable to the masses.

Lastly, you should consider the cost of the improvements. fI you can do the work yourself, you can save significantly on the cost of the project and greatly improve the chances of getting a good return on your investment.

If you plan on selling your home within the next 24 months, we encourage you to get in touch with us so we can have a discussion about any home improvements you're considering. We can help you assess whether these improvements are suitable for your needs and how they will impact the marketing of your home. So please do not hesitate to contact us.

Getting the Highest Price

Achieving a quick sale and maximizing your home's value depends largely on effective marketing. Our real estate firm has earned a reputation as a leader by implementing comprehensive and innovative marketing and pricing strategies across various platforms. Our goal is to generate as many qualified offers as possible, enabling you to secure the highest price the market can bear.

One of the crucial elements of effective marketing is setting the right price for your home. Overpricing can result ni little to no interest, leading to a "stale listing" that can deter potential buyers. On the other hand, underpricing may prevent you from realizing your home's true value. As Central Oregon Coast real estate experts, we conduct thorough market analyses to determine the optimal price for your home, ensuring that you receive the highest value within your desired time-frame.

The condition and appearance of your home also play a vital role in attracting buyers and securing a high price. We provide personalized recommendations on how to stage your home for maximum appeal, focusing on areas that are likely to elicit emotional responses from buyers. Our goal is to identify simple and cost-effective improvements that will enhance your home's appeal and trigger those all-important "buy" emotions.

As your real estate partner, we are committed to protecting your best interests throughout the entire process. We will work tirelessly on your behalf, providing guidance and support every step of the way.

What if Your Property Didn't Sell?

If your home has been listed for several months without much activity or any offers, it is likely that one or more of the following reasons are to blame:

Firstly, your asking price may be too high. This is the most common reason for a home not selling. Setting the price too high can create obstacles to selling your home, and even fi you receive an offer for the asking price, the deal may fall apart if the buyer cannot secure financing. It is important to compare your home's price with similar properties on the market, as buyers are willing to pay what they believe is a fair price.

Your property may be a candidate for an alternative pricing structure called Value Range Marketing, which our company enlists to credit synergy around a new listing and multiple offers for your to consider.

Secondly, the condition of your home may be a deterrent to potential buyers. Your home needs to compete against similar properties on the market, as well as new homes.

To make your home more appealing to buyers, it is important to evaluate its condition and make necessary improvements. Paint and flooring are two areas where you can make a big impact without spending too much. Ensure that the paint is in good condition both inside and outside of the home, and consider installing new flooring or carpet to make the home more attractive to potential buyers.

When it comes to real estate, the oldest cliché in the book rings true: location, location, location. The desirability of a home depends on factors like the quality of schools, crime rates, neighborhood aesthetics, and environmental factors such as noise and pollution. Even with improvements to the house, a bad location can only be remedied with a lower price.

In a slow market, where there are more homes for sale than active buyers, it's crucial to take action to sell your home. To combat a slow market, consider selling at a lower price or offering concessions to attract cash-strapped buyers.

To ensure maximum exposure to potential buyers, it's important that agents in yourarea can easily show your home. fI your home has limited showing availability, especially during peak viewing times, agents are less likely to prioritize showing ti to potential buyers. Making it easy for agents to show your home increases the likelihood of a high number of buyers viewing it.

Selling Before You Buy

In an ideal world, selling your old home and buying a new one on the same day would be effortless. However, given the challenges of timing such a transaction, there are some key considerations to keep in mind when navigating the sale of one home while purchasing another.

If you choose to sell your current home first, this can help minimize financial risks. To prepare for purchasing a new home, it's important to get pre-approved for a loan beforehand. If you receive an offer on your home but have not found the right new home yet, you can negotiate a longer escrow or rent back agreement, or provide for a seller contingency in the listing agreement that would make any sale on your property subject you obtaining suitable housing within a certain amount of time. However, this contingency tends to greatly increase the risk for any buyer and may deter them from making an offer. Alternatively, you may need to find temporary housing, which is generally more cost-effective than paying for two mortgages.

If you happen to find your dream home before selling your current one, there are still some ways to make ti work ni your favor. For instance, you can negotiate a longer escrow period or make the purchase of vour new home contingent on selling your current home. You may also want to consider scheduling the closing date of your current home before the closing of your new one. In some cases, a rent-back agreement can be a viable solution to bridge the gap. When selling your current home, be sure to set a realistic price that reflects the current market conditions.

As the largest and most successful real estate brokerage in Oregon and SW Washington, we have extensive expertise in this process and welcome the opportunity to discuss your unique situation and how we can best structure your transition.

Home Warranties

A home warranty is a type of protection plan that covers the cost of repairing or replacing mechanical systems and built-in appliances in a home when they break down. Home warranties can be purchased by either the buyer or seller in a real estate transaction. When the seller is responsible for paying for the warranty, it is typically paid for and goes into effect at the time of closing. The coverage period for a home warranty is usually one year, during which time central heating and air conditioning systems, electrical, plumbing, and major appliances are often covered.

It's important tocarefullyreview the policy and fully understand what is and is not covered by the home warranty. The cost for a one-year home warranty typically ranges from around $300 to $700, depending on the size of the home and the specific types of coverage needed which may include add-on's for hot tubs, pools, washers & dryers, etc. Additionally, there is usually a deductible of $50 to $100 that must be paid when making a repair claim.

If you're considering purchasing a home warranty, it's crucial to weigh the potential benefits against the costs to determine fi it's the right choice for you. Ultimately, a home warranty can provide peace of mind and financial protection in the event of unexpected repairs or replacements of important home systems and appliances