Millennium Realty



Posted by Millennium Realty on 1/14/2021

Selling a house may prove to be problematic, particularly for individuals who fail to allocate time and resources to learn about the real estate market. Lucky for you, we're here to help you navigate the housing sector and ensure you can avoid home selling crises.

Now, let's take a look at three tips to help you list your residence and maximize its value.

1. Create an Informative House Listing

Think about your house's pros and cons. Then, you can put together an informative home listing that makes it easy for buyers to fall in love with your residence.

Of course, when you craft a home listing, it pays to be honest. If you include pertinent, accurate house information in your listing, you can help buyers determine whether your residence is the right choice.

Don't forget to incorporate high-resolution photos into your house listing too. If you include home listing photos that showcase the size and beauty of your house, many buyers soon could set up showings to view your residence.

2. Conduct a House Appraisal

When it comes to selling your house, it helps to establish an aggressive initial asking price. That way, you can list your house at a price that matches or exceeds buyers' expectations.

Establishing an aggressive initial asking price for your home, however, may prove to be difficult. But if you conduct a house appraisal, you can get a home valuation from a property expert to help you set a fair price for your residence.

In many instances, a homeowner can receive a house appraisal report within a few days. Once you have this report at your disposal, you can review your property valuation and set an aggressive initial asking price for your home.

3. Employ a Real Estate Agent

There is no need to embark on the home selling journey alone. Thankfully, you can hire a real estate agent who is unafraid to be honest with you at each stage of the home selling cycle.

A real estate agent understands exactly what it takes to sell a house, regardless of the present housing market's conditions. As such, he or she will work with you to determine the best way to streamline the home selling journey.

Oftentimes, a real estate agent will learn about you and your home selling goals. He or she then will craft a custom home selling strategy designed to help you achieve the optimal results. Next, a real estate agent will promote your residence to dozens of potential buyers and set up home showings and open house events. And if you receive an offer to purchase your home, a real estate agent will help you examine the pros and cons of this proposal and make an informed decision.

Don't let problems get the best of you during the home selling journey. Instead, use the aforementioned tips, and you can reduce the risk of problems that otherwise can prevent you from enjoying a fast, profitable house selling experience.




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Posted by Millennium Realty on 1/7/2021

If your home is on the market, you may wonder why it hasn’t moved off the market. There are many ways to make adjustments to the price of your home, but if not done correctly, you could sabotage the sale of your home. Let’s say that you have your home as an FSBO (For sale by owner.) Buyers may wonder what’s behind the price of the house. Does the seller genuinely want to move the home to the sold category quickly? Why has the home been for sale so long? 


You could face the same problems if you’re working with an agency. The difference is that s a seller, the agency is by your side, helping you to make the right decisions when it comes to pricing your home.


Realistic Expectations


You need to be realistic when pricing your home as a seller. Of course, you want to make a return on your home. Of course, you think your home has great value. The critical point is that you need to understand the state of the market along with the neighborhood your home is located. So much goes into the pricing of a house. 


Investigate


Along with your agent, you can do some investigating to see where some improvements could be made in marketing your home. Look at the following:


How has the house been received on the MLS?

Are the significant benefits of the home highlighted?

How many open house opportunities did buyers have?

Are there good pictures of the house online? 

Do the signs leading to the house stand out? 

Can you add anything to the marketing of the home like a virtual tour? 


While real estate agents have general guidelines as to how a home at a certain price point should be marketed, you can always be your own advocate.


The Consequences Of High Pricing


If you price your home too high, there are some consequences. Your home will stay on the market for an extended period of time if it's overpriced. Buyers will wonder why the house has been listed for so long, wondering if there’s something wrong with the property. Buyers will wait even longer to bite on the home in these circumstances because they are waiting for a price drop. 


The Solution


The best thing you can do in this circumstance is to take your home off the market. Work with your real estate agent. He can let you know whether it’s a good time to re-list the home. Perhaps you can make some improvements to the property in the meantime. A fresh listing and a clean look at the house may help buyers to find the property more easily at a price that pleases them!      




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Posted by Millennium Realty on 12/10/2020

If you plan to sell your house and need to declutter quickly, hosting a yard sale may prove to be ideal.

Ultimately, a yard sale enables you to get rid of excess items and earn extra cash at the same time. It also may help you connect with neighbors and lay the groundwork for long-lasting friendships.

When it comes to hosting a yard sale, it is important to sell the right items to the right buyers. By doing so, you can increase your chances of transforming an ordinary yard sale into a successful one.

Now, let's take a look at three items to sell during your yard sale:

1. Clothing

If you're moving from a warm-weather climate to a cold region – or vice-versa – you should sell clothing that you no longer need.

Wash any clothes that you plan to sell as part of your yard sale. This will ensure all clothes are stain-free.

Furthermore, consider the buyer's perspective as you determine which clothing to sell. And if you find that some of your t-shirts, turtlenecks and other clothes are faded or ripped, you may want to dispose of these items altogether.

2. Electronics

TVs, video game consoles and other electronics often prove to be popular yard sale purchases. As such, if you have excess electronics, you should sell these items at your yard sale.

If you plan to sell an old desktop or laptop computer, make sure to clear the hard drive. This helps eliminate potential cybersecurity headaches down the line.

Also, test any electronics to ensure they work properly. If electronics are battery-operated, install batteries to make it easy for yard sale shoppers to test these items. Or, if electronics require an electrical outlet, set up a power source that allows potential buyers to try these electronics.

3. Appliances

If you are moving to a new house that already has a refrigerator, washer, dryer and other appliances, a yard sale provides an excellent opportunity to sell your current appliances.

Be realistic when you set prices for your home appliances. Check out the prices of brand-new and used appliances, and you can establish a price range for your appliances based on their age and condition.

In addition, don't hesitate to negotiate with buyers on appliance prices. Because if you fail to sell your appliances at your yard sale, you may be forced to move these big, heavy items on your own.

Those who understand which items to sell at a yard sale should have no trouble stirring up plenty of interest in any yard sale, at any time.

Lastly, if you want extra help as you plan for a yard sale, a real estate agent can offer expert assistance. This housing market professional can provide home decluttering tips to ensure you can sell the right items during your yard sale.

Start planning for a yard sale today, and you can move one step closer to decluttering and selling your house.




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Posted by Millennium Realty on 8/27/2020

If you encounter home selling challenges, there is no need to worry. In fact, if you know how to approach potential house selling hurdles, you may be better equipped than others to enjoy a seamless property selling experience.

Now, let's take a look at three tips to help you hone your approach to home selling challenges.

1. Remain Calm

A home selling challenge may seem like the end of the world. But it is important to remember that home sellers like yourself likely have faced similar problems in the past. And as such, there is probably a viable solution to address any home selling challenge, at any time.

When a home selling challenge presents itself, it often helps to take a deep breath. Then, you should try to remain calm, cool and collected and approach the challenge from an objective point of view. By doing so, you may be able to find a way to resolve this challenge in no time at all.

2. Be Persistent

Let's face it – no one said selling a house would be easy. But for those who are persistent, even the toughest home selling challenges can be overcome.

If you approach a home selling challenge with persistence, you'll be ready to explore every potential solution to address this issue. As a result, you may be able to quickly identify the right solutions to various home selling challenges and move one step closer to achieving your property selling goals.

3. Consult with a Real Estate Agent

For those who face a home selling challenge, it generally is a good idea to seek out expert guidance. Fortunately, real estate agents are available in cities and towns nationwide, and these housing market professionals are happy to help you address any home selling challenges head-on.

Typically, a real estate agent offers plenty of support throughout the property selling journey. He or she first will learn about your home selling goals and provide a personalized home selling strategy. Next, a real estate agent will promote your residence to the right groups of prospective buyers. And if you receive an offer to purchase your home, a real estate agent will help you analyze this proposal and decide whether to accept, reject or counter it.

A real estate agent is prepared to respond to any concerns or questions that you may have during the home selling process too. If you are unsure about how to price your home, for example, a real estate agent can offer housing market data to help you establish a competitive initial asking price. Or, if you face a time crunch to sell your residence, a real estate agent will do everything possible to help you sell your house as quickly as possible.

There is no reason to let home selling challenges get the best of you after you list your residence. Thanks to the aforementioned tips, however, you can boost your home selling confidence and determine the best course of action to resolve any house selling challenges.




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Posted by Millennium Realty on 6/11/2020

If you receive an offer to purchase from a property buyer and decide to submit a counter-offer, it is important to err on the side of caution. Because if your counter-proposal fails to meet a buyer's expectations, you risk missing out on the opportunity to sell your house and maximize your home sale earnings.

When it comes to reviewing an offer to purchase and submitting a counter-proposal, it helps to prepare as much as possible. Fortunately, we're here to help you perform a full analysis of a homebuying proposal and ensure that you can submit a counter-offer that matches the expectations of both you and a buyer.

Now, let's take a look at three tips to help you put together a "fair" counter-proposal to a buyer's offer to purchase your home.

1. Use Housing Market Data to Your Advantage

Take a look at local housing market data – you'll be glad you did. If you take a data-driven approach to craft a counter-offer, you may be better equipped than ever before to put together a counter-proposal that meets the needs of all parties involved in a property sale.

Analyze the prices of recently sold houses in your city or town that are similar to your own. Furthermore, find out how long these residences were available before they sold. With this housing market data in hand, you should have no trouble crafting a fair counter-proposal.

2. Consider the Buyer's Perspective

As you examine a buyer's initial offer to purchase, think about why this individual chose to submit the proposal. Try not to get emotional if you feel the offer is too low; instead, think about how you can work with a buyer to find common ground.

Oftentimes, it helps to maintain open communication with a buyer. If you put together an counter-proposal that accounts for the buyer's perspective and keep in touch with this individual, you and a buyer may be able to work together to come to a fair agreement.

3. Consult with a Real Estate Agent

If you are unsure about what to propose as part of a counter-offer, there is no need to stress. In fact, if you collaborate with a real estate agent, you can get the assistance you need to craft a counter-proposal that may lead to an instant "Yes" from a buyer.

Usually, a real estate agent will inform you about an offer to purchase your home and provide recommendations and suggestions as you craft a counter-proposal. He or she also will negotiate with a buyer's agent on your behalf. And if you ever have concerns or questions during the property selling journey, a real estate agent is happy to address them.

Allocate time and resources as you craft a counter-offer. If you consider the current state of the real estate market and the buyer's perspective, you could increase your chances of putting together a counter-proposal to close a deal on your home. Perhaps best of all, you can submit a counter-offer that allows both you and a buyer to achieve your respective goals faster than ever before.




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