How to Make the Most Money When Selling Your Home

Before selling your home, it's essential to set the right strategy to stay ahead of the competition, especially in today's housing market. Here are some tips to ensure you sell your home for the highest possible price. The post How to Make the Most Money When Selling Your Home appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

How to Make the Most Money When Selling Your Home

What’s the number one thing buying and selling a house has in common? Getting the best price possible. Buying a home is one of the most significant financial investments you’ll make, so there’s no surprise why so much time is spent tracking mortgage rates, researching , the best location, and even the types of homes that can make good investments. But, when it’s time to sell your home, too often, sellers list their home on the market and hope for the best offer. 

Before you sell your home, it’s essential to set the right strategy to stay ahead of the competition, especially in today’s . And putting in the work beforehand can make all the difference in setting you ahead of the selling curve and make your listing more desirable. Here are some tips to help you sell your home for more money and get the best possible offer. 

Make sure you can afford to sell

It only makes sense to sell your house if you’re going to make money, so it’s important to figure out the cost of selling a house in your area before putting your home on the market. However, figuring out how much you’ll make from selling your home isn’t as easy as subtracting your outstanding mortgage from the price you hope to get. Keep in mind that you’ll have to pay several fees when selling your home, including agent commissions, excise tax, , and other , which vary by region. Using an online that estimates these variables is a good place to start. However, working with an agent will give you a better understanding of how much you can hope to get in proceeds since they’ll know the current market conditions and the amount your home can sell for.

Work with a local real estate agent 

The housing market can be difficult to predict, and unless you’re an investor or real estate expert, you’ll benefit from having professional help and guidance from a real estate agent. A has the know-how to help you get the most money out of your home sale and can be an asset when navigating the ins and outs of the selling process. Your real estate agent can also be an asset when it comes to staging, marketing, negotiating, and staying on top of the local market conditions and laws.  

Set a competitive asking price

Nothing deters homebuyers more than an overpriced listing. A good place to start is finding out and researching real estate to figure out how to price your home for the market. That way, you’ll have a general idea of what homes are selling for in your area. Once you’ve done your research, this is where having a real estate agent on your team can help sell your home for more money. Ask your real estate agent for a comparative market analysis (CMA), which will help you determine a reasonable price based on sales of similar homes in your area. Your agent can also work with you to determine the best price to motivate buyers to and generate the necessary exposure for your listing. 

Also, be sure not to overprice your home. compared to the day after a price reduction. The goal is to set a good price the first time, so you don’t have to drop the price later. Your home may not get the same attention the longer it sits on the market and can even cause some buyers to be skeptical of the discounted price. Plus, if you play your cards right and price it competitively from the get-go, you may even to encourage buyers to bid higher. 

Homes get 64% more views the day they first hit the market

Time it right

Listing your home for sale at the right time can help maximize the sale price, so it’s important to consider which month may be the best time to list your home. Spring is widely considered to be the best time to sell a house, and for a good reason. According to Redfin data,. The average home listed in April will sell 14 days faster and for $2,750 more than if the same home were listed in November. However, if your timing is flexible, March and May are excellent options to help you sell your home for more money. 

You’ll also want to consider which day of the week you list your home as well. The is on a Tuesday, Wednesday, or Thursday since homes listed for sale midweek sell for an average of $1,700 more than homes listed on the weekend. 

Spruce up your home to help you sell for more

It’s no surprise that kitchens and bathrooms are the main hotspots buyers look at when touring a listing. So, if you’re considering which , a kitchen or bathroom remodel is some of the smartest investments you can make to increase the value of your home. However, there are many other you can do to make a great first impression, including replacing your front door, installing dual-pane windows, adding a fresh coat of paint to the exterior, and maintaining the yard. 

Don’t forget that a deep clean inside and outside your home can go a long way in refreshing its appearance. Washing the windows, steam cleaning the carpets, pressure washing the deck, and scrubbing down your appliances will help your home look well-maintained to eagle-eyed buyers. A clean and orderly house has a higher perceived value than one that needs attention and can help your home sell for more money.

Use professional listing photos to sell your home for more money

Enhance your listing with staging and professional photography

Staging is commonly used when selling a home and should be a key component of your strategy, especially if you want to sell your house for the most money. A professional stager can help neutralize the space to help buyers visualize themselves in a move-in-ready home. Plus, stagers have the knowledge needed to highlight your home’s best features and make it feel warm and welcoming.

Once your home is looking its best, hire a professional photographer to take the listing photos as . Most people start their home search online, so photos are crucial to getting their attention. Eye-catching listing photos are integral in showing off your home’s features and can include some buyers are looking for, making all the difference in swaying buyers into viewing your listing or passing on it completely.

Carefully consider offers, and be prepared to negotiate

An experienced listing agent will know a good offer when they see it. They’ll also guide you through the offer process and advise you on when to negotiate prices and terms. While the highest bid will grab your attention, especially if it’s close to or above your asking price, it doesn’t mean that it’s the best offer. Your agent will know what’s “normal” when it comes to offers and know when someone is trying to get a bargain. You should consider all the terms of the offer, not just the price, to make sure you get the best deal. If a buyer has included , you’ll want to be sure to review those carefully as they’re the deciding factor in when you get paid. With the right planning and real estate agent on your side, you can begin your home selling journey with the confidence you’ll get the best offer.

The post How to Make the Most Money When Selling Your Home appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

Source : Red Fin More   

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Should You Buy a House with Popcorn Ceilings?

There are many variables that homebuyers, especially first-time homebuyers, must consider when purchasing a home. Factors such as location, schools, finances, the style of the home, and yes, whether the house has popcorn ceilings. Popcorn ceilings shouldn’t be a deal-breaker, but it is one more variable to consider and what to look for when buying … Should You Buy a House with Popcorn Ceilings? Read More » The post Should You Buy a House with Popcorn Ceilings? appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

Should You Buy a House with Popcorn Ceilings?

There are many variables that homebuyers, especially , must consider when purchasing a home. Factors such as location, schools, finances, the style of the home, and yes, whether the house has popcorn ceilings. Popcorn ceilings shouldn’t be a deal-breaker, but it is one more variable to consider and buying a house. 

Deciding whether or not to buy a house with popcorn ceilings will depend largely on the conditions of your local , and your own comfort level either living with popcorn ceilings or using one of the methods mentioned below to get rid of them. For example, if there are several similar houses for sale in the area you’re looking to buy, then that doesn’t have popcorn ceilings could certainly save you some money and time. However, if the home you’re looking at is located in a hot market and will most likely receive multiple offers, then understanding exactly what you can do about popcorn ceilings so you can buy a home this year is a great way to go. 

What are popcorn ceilings, and why were they popular?

Remember bell-bottom jeans and moccasins? How about bouffant hairstyles for ladies and slicked-back hair for men? Just as in fashion and beauty, the housing industry goes through fads and trends too. For example, shag carpet and popcorn ceilings were extremely popular from the 1950s through the 1970s. But what are popcorn ceilings, and why were they such a popular home trend?

Popcorn ceilings are bumpy, textured ceilings that came into vogue beginning in the 1950s. The sprayed-on technique used to apply these ceilings was less expensive than a hand-troweled, smooth finished plaster ceiling. The popularity of this cottage cheese-like texture was spurred on because the style provided camouflage for ceiling imperfections and a measure of noise-canceling benefits, hence, their actual name, acoustic ceilings.

However, popcorn ceilings have fallen out of favor in many parts of the country as they can collect dust, dirt, and even cobwebs. Also, the rough texture of the material makes the ceiling very difficult to clean, paint, or repair. 

Another reason popcorn ceilings have fallen out of popularity is that many of them in older homes contain , which we now know is a health hazard.

There may be asbestos in the popcorn ceiling. Here’s how to know for sure 

Asbestos is a naturally occurring fibrous silicate mineral. It was a very popular material used in making popcorn ceilings until it was banned in 1978 because it became a health hazard. While it doesn’t pose a risk unless disturbed, once disturbed, it lets off microscopic fibers that can if inhaled.

Due to the continued selling of asbestos-containing ceiling materials after the ban, it’s estimated that popcorn ceilings even made as late as the mid-1980s could still be ladened with asbestos.

Before attempting to make any changes to your popcorn ceiling, it’s important to determine whether there’s any asbestos in the material, which can only be confirmed through a lab analysis. The has guidelines that address the steps to take when considering removing potential asbestos-laced popcorn ceilings. They involve hiring a properly trained and accredited asbestos professional (inspector) to obtain a sample of the ceiling material. The sample is then forwarded to an for analysis.

Once you receive the results from the lab, you’ll have a better idea of how to proceed with the removal of the popcorn ceiling. If your results come back positive for asbestos, don’t panic. Remember, an undisturbed popcorn ceiling with asbestos will not affect your health. 

However, if you do decide to remove the popcorn ceiling, it’s recommended that you hire a professional asbestos remediation company to do the removal. If there’s no asbestos in your popcorn ceiling, you can do it yourself without the added worry of possible contamination.

Have your popcorn ceiling removed by a professional.

How much does it cost to remove a popcorn ceiling? 

Hiring a professional to remove a popcorn ceiling

The cost to remove a popcorn ceiling will differ depending on whether asbestos needs to be removed. If your lab results come back negative and there’s no asbestos, a professional will charge approximately $1 – $3 per square foot for labor and materials depending upon the size of the job and the area you live in.  

That means if you own a 1,500 square foot home in , for example, you’ll need to budget between $1,500 – $4,500 for a professional to remove the popcorn ceiling. Remember, this doesn’t include any costs to repair the ceiling or apply paint or another covering once the popcorn ceiling has been removed. You’ll also want to be sure to check that the company you hire is licensed and insured. 

If there’s asbestos in your ceilings, you can expect to pay between $3 – $7 per square foot, and again, the amount will vary depending on how many rooms you have and the total amount of square feet involved. To remove asbestos-laced popcorn ceilings in a 1,500 square foot house, the cost would be anywhere from $4,500 – $10,500.

Removing a popcorn ceiling yourself

If there’s no asbestos in your ceiling, you may opt to remove it yourself. The primary costs involved will be your time, labor, and any tools and supplies needed to do the job.

How to remove a popcorn ceiling yourself 

Before you decide to tackle this project, remember the job is difficult, messy, and labor-intensive. You’ll need a ladder tall enough to reach the ceiling so that you can get close enough to scrape off the popcorn material. You will also need something to scrape with, such as a wide putty knife or a popcorn ceiling scraper that you can find at most hardware stores.

Other possible supplies include an extension pole, depending on how tall your ceilings are, plastic bags fitted to the scraper to catch debris, along with safety items such as goggles for eye protection and a respirator to prevent inhaling fine dust particles. You may also want to invest in drop cloths for the floors and long plastic roles to separate rooms so you can further contain any mess. 

Some professionals recommend spraying the ceiling with water to make scraping easier. The key is to apply a light amount of water so that it’s only absorbed by the popcorn material. Do not soak the ceiling as this could cause water to seep into the sheetrock or underlayment and cause damage that would need further repair

Begin by lightly spraying water on a small section of the ceiling where you will be working. Allow the water to soak in for several minutes, and then position yourself close enough to the ceiling so that you can scrape at an angle, being careful not to gouge the sheetrock underneath. Continue working around the room until you have removed all the popcorn material.   

If your popcorn ceilings have been painted over, they’ll be harder to remove. If this is the case for the home you’re buying, you may want to hire a professional to do the work or leave the ceilings as is and drywall over the top of the popcorn ceiling instead.

Here’s what to do after removing your popcorn ceiling 

Once you have removed your popcorn ceiling, it’s time to decide on the type of finish you want on your new ceiling. Before getting started with the actual finish, you will need to repair any gouges or damage to the substrate material. This can be done by applying a thin covering of joint compound over the ceiling and then sanding the whole area until it’s smooth.

If you plan on painting the ceiling, you will need to apply primer paint since drywall will absorb any initially applied paint and could lead to an uneven look once it’s been fully painted.

You could also opt to finish off your new ceilings with a lightly textured look instead of a smooth, painted finish. These ceilings go by different names, such as skip trowel, Santa Fe look, or stipple, and offer different variations on the style and amount of texture provided.  

Keep in mind that asbestos is still legally distributed in the United States today, though its production and overall use have significantly declined. Because it’s still being used in products, it’s advisable to check the Safety Data Sheet (SDS) of any product you use when replacing your old popcorn ceiling. 

How to cover a popcorn ceiling without removing it 

Covering a popcorn ceiling is another great option if your ceiling has had paint applied to it or if it contains asbestos. Another benefit of covering the ceiling is that you won’t have all the messy work or expense of removing the popcorn ceiling.  

There are a couple of options you could choose to cover the popcorn ceiling, such as covering it with drywall or tongue and groove planks or possibly apply a skim coat, but only if the ceiling does not contain asbestos.  

This is what popcorn ceiling looks like.

Covering popcorn ceilings with drywall

An alternative to deal with popcorn ceilings that have asbestos is to encapsulate the ceiling with drywall. This can be done using a ceiling-grade gypsum board instead of regular wallboard. Standard wallboards weigh significantly more than gypsum boards and are not a good choice for ceilings.

Affix the gypsum board right over the top of the popcorn ceiling and securely screw it into the framing. You’ll then need to mud and tape the joints for a smooth, seamless job. Once that’s completed, you’re ready to finish the ceiling by either priming and painting it or by applying texture to create a new design.

Covering popcorn ceilings with a skim coat (plaster) 

Another way to remove dirty, outdated popcorn ceilings is by using joint compounds to cover them, also known as skim coating. Similar to replacing a popcorn ceiling with a lightly textured ceiling, this technique uses a joint compound to give a smooth, finished look by spreading a thin layer directly on top of the acoustic ceiling. Once it is completely dried, a second layer is spread to fill in all the crevices, thereby creating a smooth surface.

Does removing a popcorn ceiling increase property value? 

Removing popcorn ceilings can increase the value of your home, considering removing them could range into the thousands. There are, however, several factors to consider before you make plans to remove popcorn ceilings with the expectation that it will increase your property value.

For instance, if popcorn ceilings are a common within your home’s price point and location, removing them may be an expense you can forgo. However, if you would prefer to remove the popcorn ceiling, it may be that the cost to change out the ceilings ends up equalling any increase in sales price when you go to sell your home. In any case, consulting with a before you sell will help you better understand which home improvements to consider so you can and for more money. 

The post Should You Buy a House with Popcorn Ceilings? appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

Source : Red Fin More   

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