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It’s chaos from the very start when Trenton Miller swings open the wooden doors of a four-bedroom home in McLean, Virginia, a suburb of Washington DC.

Miller, a 19-year-old real-estate agent, takes the viewer on a frantic jog through all three floors of the $3.4 million property.

He plays rock-paper-scissors with himself in the mirror, pretends to have a distressing trip to the toilet, and falls not once, but three times, on the hardwood floor.

Miller calls it a speed tour.

For the recent high-school graduate, it’s become an important calling card as he starts his career in his hometown of Chambersburg, Pennsylvania, a small county seat west of Gettysburg.

In a stagnant real-estate market, Miller, like other agents, has been forced to get creative to make his listings stand out and find potential buyers. Enter the speed tour. Now, other agents have asked Miller to film his run-throughs of their listings, some even paying as much as $1,500 for a single speed tour posted to his account @trent_miller__, which has 1.3 million followers.

“It’s been a blessing,” Miller told Business Insider. “I really want to make sure I capitalize on the opportunity.”

Miller started posting ‘speed tours’ when he was feeling stuck

Miller intended to invest in rental properties, inspired by real-estate entrepreneurs he admired on YouTube like Grant Cardone, but determined the experience he’d gain as a broker was a good place to start.

Early on, Miller realized that a traditional home tour — where a broker calmly narrates a walk-through of a home for sale and points out commonplace details like the height of the ceilings or finishings on a sink — would get lost on TikTok.

It was also difficult to find homebuyers prepared to endure relatively high mortgage interest rates and expensive home prices.

“Business was slow getting started,” Miller told Business Insider. “I was like, ‘Man, I got to do something different.'”

In April, he showed up to a rental listing in Chambersburg with two ideas: a speed tour, where he would run through the house, and a teleporting tour, where he’d pop up in each room.

He filmed both, but posted the speed tour first later that day. When the clip went viral — it has nearly 5 million views as of July 23 — Miller knew he’d struck gold. He never even got to post the teleporting footage.

Now, his running tours routinely rack up millions of views — some as high as 34 million. He even sells T-shirts with his signature catchphrases for $20 apiece. (One is “Most bathrooms have that!” which he says when he points to mirrors above vanities in bathrooms.)

The viral videos are slowly translating into real-world leads. Someone who watched a speed-tour video of a $600,000 home in Annapolis, Maryland, reached out as an interested buyer, Miller said.

The viral fame has opened doors for his real-estate career

Miller tries not to overthink the alchemy of his tours.

He’ll do one walk-through with a cameraman to map out their course, but purposely tries to go in with as little preparation as possible.

“I think people want to see a raw reaction to the home,” he said. “They want to see personality in videos.”

Miller said he doesn’t edit out the times he falls on camera and tries to make as few cuts in the video as possible to preserve the authentically manic energy.

Other agents representing sellers have reached out, asking Miller to run through their listings. He’s traveled to Florida, Virginia, and Maryland over the last three months to film speed tours of homes.

He told Business Insider he’s leaving for a trip soon to film speed tours for a vacation rental agency, showing off their luxury villas.

Miller said the connections he’s been able to make from his viral fame have put him in touch with the very real-estate investors who inspired him to enter the industry.

Recently, he added, he’s been in touch with one of his original heroes: Grant Cardone.





This article was originally published by a www.businessinsider.com . Read the Original article here. .


Even in a seller’s market, where inventory is scarce and bidding wars are common, it still pays to invest some time and energy in positioning your home to sell for top dollar. This can involve a variety of steps, from working with a real estate agent who truly understands your local market to spending some money to make sure your home looks its best for buyers. Here are 10 tips for selling your home that Realtors say will separate you from the competition — and help you bring in a higher price.

1. Find a real estate agent

Working with a skilled local real estate agent who knows your area inside and out can help you sell your home more quickly, and often, for more money. In fact, data from the National Association of Realtors shows that between July 2022 and June 2023, homes listed without the assistance of a Realtor sold for a median price of $310,000, while those sold with one fetched a median of $405,000. Interview several candidates before you commit to one agent — the better you get along, the smoother the process is likely to be.

2. Invest in value-adding improvements

Determining which home improvements to invest in can be daunting, and the costs can add up quickly. The key is to spend your money on projects that will provide the most return on your investment.

Minor kitchen upgrades are typically a wise choice, says San Diego–area Realtor Jade Lee-Duffy. “The heart of the home is the kitchen, and many buyers will judge a property by its kitchen,” she says. Just don’t go overboard: “While a complete overhaul of this space can run into the tens of thousands, a minor update is where you can gain the greatest return,” she says. “Think about resurfacing cabinets, replacing countertops, a fresh coat of paint or updating the fixtures and hardware.”

Updating a bathroom is another smart investment, says Katie Severance, a Realtor with Douglas Elliman in Palm Beach, Florida, and author of “The Brilliant Home Buyer.” “Renovated kitchens and baths are the ‘money rooms’ — those that add the most value to a home,” she says.

3. Up your curb appeal

As the saying goes, you don’t get a second chance to make a first impression. “Make sure your front yard is free of debris, the bushes are pruned and the grass has been cut,” says Lee-Duffy. “Also, add some bright potted plants by the front door to make buyers feel welcome.”

Some other easy updates that can improve curb appeal include:

Touching up exterior paint
Adding window flower boxes
Installing a new mailbox
Adding new mulch around shrubs and trees

4. Get a pre-listing inspection

Investing in a home inspection before putting your property on the market is another step to consider. “You don’t want any unexpected surprises,” says Lee-Duffy. “It’s best to find out beforehand if there are any issues that you can fix, before buyers find out on their own.” That would give them negotiating power for a lower price or, worst case scenario, a reason to back out of the deal. So it may be worth a few hundred dollars for the peace of mind.

There is, however, a downside to a pre-listing inspection: “Beware, because once a seller becomes aware of an existing defect and does not correct it prior to listing, they are obligated to disclose it to a buyer,” says Severance. “Defects that a buyer learns were known but not disclosed, prior to accepting an offer, can kill the deal.”

5. Highlight the positive with professional photos

Spending a bit of money on high-quality photography can go a long way toward helping your home sell for a higher price. “The majority of people search for properties online,” says Lee-Duffy. “If the photos pop, it can translate into a higher sale price — and sell faster, too.”

It’s OK to leave some things to the imagination when it comes to your home’s online listing, though. “I advise against photographing every square foot of the home,” says Severance. “The goal of photographs is not to give all the goodies away online; it’s to make a buyer want to see more — to whet their whistle enough to entice them to see it in person. If they don’t come see the house, they probably aren’t making an offer.”

6. Stage your home

When it comes to home staging, says Severance, there are two rules of thumb: less is more and keep it neutral. “It’s very important to capture buyers’ interest from the front door,” she says. “Pay extra attention to the entry: Repaint; place flowers; buy a new area rug, an impressive mirror or a dramatic piece of art.”

Remove objects and clutter that visually shrink a room, such as large ottomans or too many plants, and remove everything from the kitchen counters except for one or two new-looking appliances. “And don’t forget to stage the deck or patio, because that is an extension of the house that can make a small home feel much larger than it is,” Severance adds.

You can do the staging work on your own or up the ante by hiring a professional stager.  A pro will average around $1,800, according to HomeAdvisor.

7. Set the right asking price

Identifying the best price for your home can be critical to your success. “Setting the price too high can be detrimental and prevent buyers from walking through your front door,” says Lee-Duffy.

How do you find that sweet spot of pricing for profit but not overpricing? The expertise of your agent can be truly valuable here. A knowledgeable agent will understand fair market value in your area, how much your house is worth and how much you might reasonably expect to get for it in the current market.

“Good pricing requires the expertise to thread the needle,” says Severance. “List at a number that is lower than comparable properties, in order to draw attention to it, but not so low that you will be disappointed if you only get one offer right at list price.” If enough buyers are enticed, you might even set the stage for a bidding war.

8. Remove personal items

“The goal of any showing is for the buyer to envision their own belongings in the space,” says Severance. So, while family photos and other knickknacks might seem like they have no bearing on how much money your home commands, they really do matter — especially if you are still living in the home while you’re trying to sell it.

If buyers are distracted by personal items, then chances are they won’t be able to see themselves in the space, and will not end up making an offer. “Buyers are thinking of their own furniture, where it will go and how it will fit. It’s the house they came to see, not the items inside of it,” she says.

9. Be ready to move fast

Once your property is listed on the market, things can happen quickly. It’s important to be well prepared ahead of time so that you can be as responsive as possible to potential offers. “Fill out all the necessary documents, such as any seller disclosures, and have paperwork for recent repair work, home renovation costs and utility bills on-hand for any buyer requests that come in,” says Lee-Duffy.

Sellers who are slow in reaction time or unresponsive can lose buyers, adds Severance. “If the buyer feels that they are not being dealt with fairly, they are very likely to walk away,” she says.

10. Use your head, not your heart

Finally, try to remove emotion from the equation and see the process as a simple transaction — your home is no longer “home” but a product for sale. It’s not unusual for prospective buyers to request credits or repairs, and it’s easy as a seller to take offense, so try to have a clear understanding of what issues and items you may be willing to make concessions on.

“It’s important to take emotion out of it and remember that the buyer usually doesn’t expect to get everything they ask for,” says Severance. “Take a closer look at which requests are valid and fair, and offer something. The cost to you is not in giving the concession — it’s the expense of losing the buyer, putting the property back on the market, starting all over again and getting a potentially lower offer.”

FAQs

How can I maximize my net proceeds from selling my home?

To maximize how much you earn from the sale, it’s important to put in some work to get your property market-ready. This includes improving your home’s curb appeal, investing in professional listing photos and staging your home before opening it up to buyers. Your real estate agent can provide home-selling tips based on your specific situation.

Do I need a real estate agent to sell my home?

No, you don’t necessarily need a real estate agent to sell your house. Selling without one is called a “for sale by owner” transaction, and they are not unusual. However, partnering with an agent can make the process much easier for you — agents help with important tasks like determining the right asking price, creating a listing that will attract buyers and hosting showings and open houses. Later in the process, they’ll negotiate with buyers and guide you through the closing, ensuring your interests are protected.

How can I sell my house fast?

If you’re in a hurry to move, consider selling to a cash homebuying company or iBuyer. These businesses buy properties for cash, often in as-is condition, and they can close deals far faster than a traditional market sale — often in just a couple of weeks or less. The downside is that you’ll likely earn less money selling this way than you would with a traditional home listing.



This article was originally published by a www.bankrate.com . Read the Original article here. .

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