Buying or selling a house can be simultaneously exciting and intimidating, But knowing how to navigate the ins and outs of real estate deals can allow you to focus only on the fun and rewarding aspects of these transactions.
Here are four tips to make your home buying or selling journey smooth and hassle-free:
Always make informed decisions
Staying objective is an important mindset for every home buyer or seller. Real estate deals can involve a lot of emotions – too much of which can sidetrack, delay, or even cancel a transaction altogether.
When you are buying, for example, getting too excited about that shiny new home can lead you to snap decisions based on first impressions. When selling, memories and sentimental biases can influence you to overprice your property.
Avoid relying on impulsive decisions and gut reactions by always equipping yourself with facts and reliable data. Be sure to review market reports, comparative analyses, and detailed documentation of negotiations and agreements before making critical decisions.
If you are a buyer, it pays to look into your financial capacity early by checking your credit scores and applying for a mortgage pre-approval. Doing research on your prospective future neighborhood – from online resources to personal visits – also counts as important preparatory steps before buying a home.
As a seller, get your property in presentable shape in time for visits from interested buyers. From minor repairs to notable updates that can increase your home’s value, you should devote ample time to get these done.
Set a realistic and reasonable timeline. Real estate deals take anywhere from three weeks to three months to complete, so it helps to keep track of developments (or lack thereof) with a set schedule.
Adjust when the situation calls for it
Even with the most careful planning and the strongest offers, there is a chance that things will not go your way. Anything can happen in the coveted and competitive Phoenix, AZ real estate market. The best you can do is to be ready to move on to the next target or a fresh strategy when Plan A falls through.
The key is to stay level-headed throughout your transaction. If you are a buyer, do not fixate on the property you are eyeing – at least, not until you are at the closing table. If you get outbid by a competing buyer, look forward to pursuing your next top option.
If you are a seller, do your due diligence to make sure that your home passes the inspection and appraisal stages without a hitch. In case a buyer still opts to renege on a buying agreement, work with your agent to find the next serious buyer.
Work with real estate professionals that truly understand you
By partnering with experienced, skillful, and dedicated real estate agents, you gain crucial advantages at every point in your real estate transaction – from searching listings or creating a marketing plan, to closing your purchase or sale.
Your agent is your best knowledge resource, your planner and strategist, your objective and steadfast voice of reason, and your trustworthy confidante. You can rest easy knowing that you have a professional looking out for your best interests when you find the right agent to represent you.
Aeris House Properties has everything you could want in a professional real estate partner. Let’s work together. Get in touch with our team today!