FIRST-TIME SELLERS ADVICE

WHY SHOULD YOU SELL YOUR HOME NOW? If you’ve considered this on any scale, it’s advisable that you become informed about the equity you have in your home. You may be surprised to find you’re sitting on more dough than you expect.

Let’s explore the steps to get you started:

• Identify your motivation for selling. There are many motivations to sell, the common goal is to achieve the highest return on investment. If you have a property you’re looking to sell, make sure you research and identify your primary motivation to sell. A seller may have sentimental value attached to a property, therefore it’s crucial that they are able to hone in on the key factors that would make selling a worthwhile venture. 

• Hire a trustworthy realtor. It’s important that sellers know what to look for when hiring a listing realtor. A well-prepared realtor knows their area, this includes the comparable marketing analysis data for your home. They should be able to thoroughly explain your home’s value in comparison with similar homes by its price per sqft; per the market activity for your area. These numbers~ purchase price, closing costs, brokerage fees, etc~ debits minus credits, gives you an estimate of your check at closing. Make sure to check the agent’s references from past clients to get a sense of their communication, professionalism, and honesty.

• Set the right asking price. Overpriced homes simply don’t sell. It’s of the utmost importance that the seller sets a realistic selling price to maximize their net proceeds. Homes that sit on the market for too long become “stale”. An adequately priced home should sell fairly quickly in our current market of low inventory, so make sure to keep that in mind to achieve seller’s success.  

Now that you’ve been briefed, allow your agent to handle the rest. Sit back and know you've chosen the right agent to help you make an informed decision to get your home sold and ensure you receive a formidable check at closing. 

-Krystal Menser

Associate Real Estate Broker