We live in constantly changing times, with technological advances affecting all ways of life including the real estate market. Therefore, real estate professionals must stay on top of all factors that affect home sales to remain successful.
Because the real estate market constantly changes and sellers may hesitate to enter the fast-moving waters without knowing just where to step, we’ve compiled the most recent data together to help you navigate the five ways selling a McAllen house has changed.
Pricing
In the past, sellers had more margin when listing their homes and could hope for counteroffers if they were pricing high. So the first way selling a house in McAllen has changed is that there is not much room for error when you set your listing price. Today’s buyers are very tech-savvy, able to assess a listing , research and review other similar properties on the internet, including if the house is priced right, and will simply move on, knowing exactly how much house they can buy with their money. Therefore, you’ll need to carefully research your real estate market and analyse recent and current home sales in your neighborhood. The internet can even provide you pictures of the houses so you can compare apples to apples. Homes need to be similar to yours in order to determine the correct price. Again, a relevant listing price point will help you sell your property faster. You want to avoid lingering on the market because the number of days listed can severely affect your final sales price. Once listed, the info stays on the web so you won’t be abe to make corrections down the road
Inspection
Surprises are the last thing anyone wants during the negotiations, let alone the buyers walking away from the deal over a failed inspection. Even worse, buyers often take advantage of a poor inspection report and demand a discount on the asking price far above what the repairs would cost. An inspection is often used as a negotiation tool to lower the price! Another way that selling a house in McAllen has changed, is the importante of ordering an inspection before listing. A pre-inspection allows you as seller to get an idea about what things may come up when a potential buyer presents an offer and the lender requests the inspection. To avoid too many contingencies you will need to decide if you want to invest more into the repairs up front or wait and face the issues when you find a qualified buyer. If you don’t make some major repairs, the deal can go south and you may have to start the process all over again. If you count more than 2 months on the market to get a buyer, plus the time to get inspection and appraisal, then you start counting the days all over…. that is a lot of time to keep paying the holding costs of the property (taxes, utilities, mortgage payments, insurance, etc.).
Showings
Selling a house in McAllen has also changed showings. Although typically, only the most serious buyers will be walking through, one way to achieve this is by only allowing buyers with proof that they are pre-approved for financing to circumvent needless exposure. In addition, in-person showings now include a systematic approach geared towards the health of the buyer and sellers. Not all the homeowners are comfortable letting potential buyers walk through their house, especially because of health concerns. To solve this, many sellers provide a virtual house tour through the services of a professional drone pilot and 360-degree videos.
Marketing Methods
Another way that selling a house in McAllen has changed, in addition to virtual tours, is the necessity for a professional photographer to create high-quality images for your marketing campaign. Also virtual staging can improve the house appeal on the web. There are many choices and when buyers screen the listings on the Internet if the photos are not up to par, they will simply continue scrolling past your listing. Before the photography sessions, you must get you house ready to show in its best light. Updating older appliances, painting some areas, bringing some accent plants to the front to increase curb appeal, and strategic lighting go a long way to brighten up any home. Top real estate agents can attest to the power of staging, so you should take advantage of this strategy when prepping your home for listing. They may suggest to place part of your furniture in storage to make your home more spacious and to put away some personal pictures and decorations to make it more neutral.
Options
The methods available for selling a house in McAllen have changed. With the traditional options of hiring a real estate agent or selling your home yourself to save the commissions, sellers may now sell directly to professional investors. Professional investors are usually home buyers that have access to financing, so they can make a cash offer on the property without inspections or the requirements that traditional lenders have. Even better, you will have no out-of-pocket expenses to pay before your cash sale, and a direct sale is for your home as-is. A direct sale saves sellers both time and money because you avoid the prep work, inspection, repairs, and all of the headaches of showings. As a bonus, by selling directly, you will have a guaranteed closing date, typically within a matter of days. Not only do sellers save the commissions, but direct buyers, like Dolfin RGV, don’t charge any fees.
The pros at Dolfin RGV stay on top and ahead of how selling a house in McAllen changes daily. Dolfin RGV understands how overwhelming it is to sell your home nowadays. Dolfin RGV invites you to talk to us about any concerns you have or ask any questions about selling your home, with no obligation. Dolfin RGV will handle everything for you and make the process simple, with a straightforward contract and transparency about reaching our cash offer that you will agree is fair. Contact Dolfin RGV today at (956) 904 5234 to learn more.