Provided by Coldwell Banker Residential Brokerage
“In today’s real estate market it is always a good idea to arm yourself with information,” says Fran Broude, president and COO of Coldwell Banker Residential Brokerage. “Whether you are a buyer or seller, working with the right professionals and knowing important steps to take before you begin your search or embark to sell, will position you for success.”
Here are ten tips for buyers and sellers to help create a successful real estate experience.
Home buyers should:
1. Get preapproved for a mortgage. Pre-approval is a good gauge of how much you can borrow and it shows sellers that you‘re a serious buyer.
2. Choose a professional Realtor®. Your home is your largest investment, so you need someone you trust to guide you. A Realtor has years of negotiating experience that is invaluable when it comes to scouting out the perfect home – and closing the deal.
3. Anticipate your needs and buy for your lifestyle now and for the future. Try to anticipate how long you’ll live in your next home and plan for major lifestyle changes when possible.
4. Remember the importance of location. How far is your commute? How good are the schools and other public amenities? You can also have your Realtor inquire with your city’s planning department about new projects planned in the neighborhood so there are no surprises, such as a new freeway being built off the back yard.
5. Get a home inspection, before you seal the deal on a property. A home inspector will help reveal any potential problems with wiring, plumbing or the roof. This is especially important when purchasing an older home that may need significant updates in the near future.
Home sellers should:
1. Know your place in the market. Access to real estate information on the Internet means that buyers are walking into your home more educated than ever. Your Realtor will be able to keep you aware of the homes recently sold or for sale in your area to better negotiate with serious buyers.
2. Make sure their home has curb appeal. Showcase your home’s outdoor amenities – whether it’s a front porch, a backyard patio or a child’s play set. Work with your Realtor to stage these areas so that buyers can visualize themselves there.
3. Complete a simple facelift. Clear out clutter, add a fresh coat of paint, clean floors and windows, etc. Your home must be pristine and in show-ready condition. Keep your home picture perfect for buyers who need to be “wowed.”
4. Be organized. Provide a buyer with your history of improvements, warranties and utility bills shows that you have maintained your home. Coming to the table with an abundance of information and being transparent about your home can set you apart from other sellers.
5. Perform an online search. You can go to places like coldwellbankeronline.com and search for comparable homes in your area. Your Realtor can tell you how to make your property stand out.