Buying or selling College Station homes can be an exciting time, yet the process of buying or selling can seem overwhelming if not managed properly. Participating in the real estate market takes care and consideration to ensure that your best interests are being promoted and protected. Whether you’re thinking about selling an apartment or luxury home, or are ready to explore the College Station real estate market for the property that best suits your needs, I’ve put together a few thoughts to get you started.
These helpful tips for buying or selling your College Station home come from my decades of experience in the College Station real estate market. During my real estate career, I’ve helped hundreds of clients navigate the real estate market; these tips are just the beginning. Let’s take a look.
Sellers: Get a jump on the process.
If you want to sell a house this year, start planning now. While partnering with a local real estate expert can expedite the sales process, many sellers say that the sales process takes longer than they expected. There may be unseen repairs to address, financing to take into consideration, and let’s not forget the time it takes to declutter, clean and stage the home. It’s also a great idea to attend a few open houses in your area to get an idea of the competition and how to stage your own home for showings.
Buyers: Get your credit in order.
Competition in the market is growing each day. Be ready to make an offer on the home of your dreams by being credit-ready. Get your credit report and start repairing any blips. Many buyers choose to obtain a prequalification letter from their lender, yet a preapproval, which comes after a much more thorough evaluation of your finances, can give you a leg up on the competition. It can show a seller that you’re good to go and can close quickly thanks to taking many of the financing steps in advance of your offer.
Sellers: Choose a real estate professional, and then follow their advice.
One of the easiest ways to lose time and money is by choosing a real estate professional that is not suited for the job. Always interview potential agents. Finding a full-time professional that is technologically savvy and a proven performer in your market is key. The more the agent knows about schools, communities and other local details, the better. Once you’ve selected your agent, accept their advice on pricing, marketing and negotiation.
Buyers: Have realistic negotiating expectations.
As the real estate market continues to improve, lowball offers are eliminating buyers from the market. Be realistic with your offer and always respond to counteroffers quickly to keep other buyers from entering the picture. If a pricing war ensues, be prepared to get fewer concessions. It is always best to have a backup home in mind so you can be willing to walk away if necessary.
Sellers: Don’t over renovate.
Yes, renovating that old kitchen or outdated bathroom is a great return on investment. However, recent studies show that large projects like these only return about two-thirds on investment. If you’re planning on selling soon, focus your attention on smaller projects such as new doors, basic paint colors, curb appeal, pressure washing, fence replacement and others to enhance exteriors. First impressions can go a long way in this market.
Buyers: Find a good home inspector.
As your real estate professional, I can point you in the direction of several good home inspectors you can trust. A knowledgeable home inspector is just as important as a great real estate agent. And a proper home inspection can save you thousands of dollars in the long run.
There is a lot to think about when buying or selling your College Station home, but remembering these tips should help you navigate the process and avoid potential pitfalls. Always take your time, do your research and don’t let anyone pressure you into buying or selling when you’re not ready.
For more helpful tips on buying or selling your College Station home, please do not hesitate to browse the resources found throughout this website. Should you have any questions or would like to schedule a consultation regarding your specific needs, I am always just a phone call or email away. Connect with me, Myke Leatham, today to get started! I look forward to hearing from you soon.