Thinking about selling your home in Rochester? Doing so can be an excellent decision, especially if it’s a place you seldom use and are tired of the upkeep that comes with it. In order to maximize your sales profits and ensure a smooth transition of real estate, there are five things to do first.
1. Calculate the Fair Market Value
To know whether or not selling your property is worth it, you’ll need to calculate its fair market value. Look at the recent selling prices of properties in your neighborhood, divide by square footage, then multiply that by your own home’s square footage. Using an appraiser is a good idea.
Market value is crucial when it comes to determining what people will be willing to pay. Take a close, hard look at the type of area your property is in and how people spend their time there. For example, the average selling price of a timeshare in America falls around $20,040, whereas houses and condos can go for over $1 million depending on location.
2. Determine What You Can Do to Increase the Property Value
Once you have a clear idea of your real estate’s value, it’s time to see what you can realistically do to increase that value. Of course, this will largely depend on how much work, time, and money you’re willing to spend on doing so. Common ways to do this include the list below.
Add fresh coats of paint
Repair any damaged areas
Do landscaping for curb appeal
Consider renovating outdated areas
Make the property more energy efficient
3. Choose a Real Estate Agent
It can be tempting to try to sell your property yourself in order to avoid paying realtor fees. However, this is both highly risky from a legal sense and may also prevent you from getting the price you deserve. Always talk to different real estate agents in your area and get a feel for their style and experience. The right one for you will have experience selling vacation properties and will be willing to put in the time and effort it takes to help you get the best price possible.
4. Consider Taxes
You’ll have to pay tax on the sale of your home, as it will be considered a type of income. Rather than leave yourself open to some unwelcome surprises later on, you’ll want to calculate the taxes you’ll owe and build them into your planned costs for the sale as a whole. The average person already spends some 11 hours calculating what they owe at tax time. Make sure you give yourself enough time to prepare for this.
5. Get the Home Showroom Ready
First and foremost, a property must be emptied of your personal stuff and cleaned prior to taking listing photos and scheduling showings with potential buyers. Not only will it look its best when clean, but buyers and realtors will feel more comfortable. Even basic furniture and personal items like computers can be host to a whopping 21,000 germs per square inch!
In addition to cleaning, you may want to work with your real estate agent to stage the property by adding accent furniture that doesn’t get in the way, fresh curtains, a new welcome mat, etc. The ideal props used here will depend on your home’s location. A parlor palm can look appealing in tropical locations, for example.
Selling any real estate property can feel overwhelming. It helps to sit down and make a list of all the things you need to do before, during, and after the process. Additionally, the right time to sell depends both on the market and your personal needs. If things are feeling off, it may be best to reevaluate the situation and wait until the timing is better for you. Likewise, enlisting the right real estate agent in the first place will go a long way in ensuring you get the best outcome.
If you’re planning on doing a home improvement, it’s important to pick the right one and know how to go about doing it so you get great results. Use these five tips to guide you on your next Rochester home improvement.
If you have remodeling plans for your Rochester home, you’ll need to plan. Your home is one of the best things to invest in. You add value to your property, and, of course, you can improve your lifestyle with a few remodeling projects around the house. However, there are some things you need to know about home remodeling in Rochester before you get started.
When you consider selling your home, it’s important to take steps to ensure that the process goes through without complications. One way to do this is to ensure you’ve done all the necessary contracting work. Keep reading to learn what you need a home repair contractor for.
I have always had an affinity for the mansions on east avenue, which is why I jumped at the opportunity to tour, video tape and photograph the house at 935 East Ave. While it has been used as offices since the 1950’s, they maintained much of the original character of the house. Many of the mansions on East Avenue have been converted into apartments, condos or offices. While the outsides have mostly maintained their original appearances, the insides have been divided, and even in one building I have been in, they have covered or painted woodwork and used office ceiling tiles. Some have even had “additions” attached. There are still a few that remain single-family residences though.
The COVID-19 pandemic has impacted the finances of families everywhere, causing record-setting unemployment rates and the shuttering of many local businesses. Strangely enough, the real estate market in Rochester hasn’t been taking hits like many of the other sectors of the economy. In fact, Rochester real estate is downright hot right now.
Not only did realtor.com rank the Rochester area zip code 14617, which includes West Irondequoit, number three on their list of the 10 hottest zip codes in the United States, but houses across the area are flying off the market almost as soon as they hit it. Buyers have been in a frenzy to snatch up a home in Rochester, with houses getting multiple offers within hours of going on the market. According to Tysharda Thomas, Realtor at New 2 U Homes, homes have been selling for $10,000 to $50,000 above list price.
It will actually be warm soon—and stay warm. But, when you live in upstate NY you don’t necessarily wait for the ground to thaw to start your housing search. Smart shoppers know the best spots don’t last long on the market, whether it’s a new build, a fixer upper or a historic landmark. Now there’s another tool you can add to your home buying tool box.
The City of Rochester, City Council, and the Rochester Coalition for Neighborhood Living have launched Celebrate City Living , a new program to help homebuyers and renters learn about the benefits of living in the city and find the resources to make it easier to buy or rent a home in Rochester…
Today I’d like to take a slight departure from our normal Filling In fare. No, I don’t propose to fill in all the banks in Rochester, although that’s not such a bad idea, now that I think about it. What I’d like to talk about is banks and buying stuff. Well, not just any stuff, specifically real estate…
Rochester is loaded with fun things to do and see including many festivals, shopping, entertainment, art and culture. Our city is consistently ranked highly on national “quality of life” lists. We’ve got exciting neighborhoods. Great people. And great old homes – at crazy affordable prices.
Here comes another great home buying opportunity for anyone looking to move into the area, or anyone who may be growing tired of renting. Let’s look at 279 Field Street in the Swillburg Neighborhood…
Dear readers, we interrupt our three part Charlotte series to give you a small morsel of something different before the grand finale. Consider this a palette cleanser, an intermezzo, if you will.
I looked up tired in the dictionary, and found this picture of 34 King Street in the Susan B. Anthony neighborhood. Seeing as the Carriage Factory lofts are being built immediately behind, I think it’s time for a major upgrade here. Allow me to present the all-new 34 King Street…
First, a note from RochesterSubway.com…
A month or so ago, local realtor Rich Tyson submitted an article about Rochester’s active North Winton Village and showed a home-buying opportunity for anyone who might be looking for a great deal in a great city neighborhood.
Some people saw this as a cheap “knock-off” of what the Landmark Society does in the City Newspaper each week. To that I say, so what? This was not intended to be a knock-off. But if that’s how you feel, stop reading. On the other hand, if you’re interested in learning a bit about Rochester’s various neighborhoods and in seeing the full range of what Rochester’s real estate market has to offer, enjoy.
The homes featured by Landmark Society are fantastic architectural specimens. The homes featured by Rich Tyson are not perfect, but they are also great city homes that need good owners. And if you are a real estate agent or a homeowner looking to sell your city home, you are quite welcome to submit an article as well… [email protected]
Ok, enough of that. Let’s check out some other homes for sale. This time in the gorge-ous Maplewood neighborhood…
Winter, spring, summer and fall, Rochester is loaded with fun things to do and see …festivals, shopping, entertainment, art and culture. Our city is consistently ranked highly on national “quality of life” lists. We’ve got exciting neighborhoods. Great people. And great old homes – at crazy affordable prices.
This is the first entry in a new series for anyone looking to move into the area, or anyone who may be growing tired of renting. RochesterSubway.com has teamed up with realtor Rich Tysonwill happily team up with ANY realtor or homeowner to highlight home buying opportunities in the City of Rochester.
Let’s check out 26 Marion Street in the very walkable North Winton Village…
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After the Erie Canal was rerouted south of downtown Rochester, the Rochester
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