Home Sellers Advice In Selling Fast And Getting Top Dollar

Home Sellers Advice In Selling Fast And Getting Top Dollar

This BLOG On Home Sellers Advice In Selling Fast And Getting Top Dollar Was UPDATED On February 22nd, 2018

It is highly recommended home sellers list their homes with a professional real estate agent when they decide to sell their homes. When it comes for a homeowner to sell their home, they normally interview several realtors.

  • Having the right realtor to represent sellers is extremely important
  • Unfortunately, many professional experienced realtors sometimes do not get the listing agreement because the sellers do not like what they hear from the realtor
  • Sellers want to hear that their homes will sell quickly at the highest price
  • Many sellers do not like to hear when a realtor tells them that they need to remove clutter and spend money in doing minor repairs
  • Minor repairs such as basic window dressing like landscaping and painting prior to officially listing their home can make a big difference on how fast a home sells 
  • More time than not, and unfortunately, there are a percentage of uninformed home sellers that choose the realtor who is not from the area and recommends the highest listing price
  • Initial pricing on a home is extremely important if the most important factor for home sellers

Pricing Home

One of the most important factors in selling home is pricing it right.

  • Over pricing a home is one of the worst mistakes home sellers can make
  • A realtor will most likely do extensive research on comparable sales of homes that sold in area
  • The realtor will also have homes that are currently on the market and how long they have been in the market comparable to subject home and make adjustments compared to home

Bidding War For Homes That Are Under Priced

Homes sell for a price the home buyer is willing to pay and for a price the seller is willing to accept.

  • If the subject home has been priced below market value, the home seller will most likely be receiving multiple offers resulting in driving up the price to its current market value
  • In the event if home sellers price their property too low, the risk is minimal because the market will drive it up
  • Pricing it too high is a problem because sellers do not want property listed for over 90 days
  • If home is priced right, home sellers should be able to get a purchase offers within 90 days of the listing

Home Sellers Advice In Hiring The Right Realtor Who Knows The Area

I strongly recommend to hire a real estate agent who is from your area and knows the area well.

  • Hiring a realtor who is not familiar with the area and does not have many listings in surrounding area will not be as effective as a realtor who concentrates his or her business in neighborhood of subject property
  • Location is key in the real estate business
  • A realtor who consistently represents buyers and sellers in local area will know how to appropriately price home in order to have it under contract within 90 days

Home Sellers Advice In Changing Realtors?

I have a close friend of mine who had his home in the market for the past 6 years.

  • He had over 7 real estate agents as well and recently fired his latest realtor and signed up with a new agent
  • It is a unique higher end property which is listed for $2.7 million
  • The property was purchased for $1.20 million back in 2005
  • My friend has been trying to sell it for since 2008
  • Every single one of his 7 real estate agents did not have a single showing in the past 6 years
  • Not even a call
  • Marketing? 
  • The property was marketed via every available means
  • All of the 7 real estate agents were all reputable full time realtors who were all top producers
  • The problem here is that the property has been listed too long and the price is overpriced
  • The home is gorgeous
  • But the market is dictating that the parcel is overpriced
  • If he gets a potential buyer, the buyer will see that the property has been listed for 6 years and will be weary of why the property is not selling
  • In a way, the property has been tainted for being overpriced
  • Will it sell at $2.7 million? 
  • Maybe but the probability is likely not anytime soon
  • Every realtor has advice my friend to lower the price
  • But my friend strongly feels that the home is worth every bit of $2.7 million
  • Home Sellers Advice is sellers cannot be overly attached to their home
  • Home Sellers need to have an open mind what the market is
  • There is a reason why there is not a single phone call of interest

Home Buyers or homeowners who need to qualify for mortgage with direct lender with no lender overlays on government and conventional loans, please contact us at The Gustan Cho Team at USA Mortgage at 262-716-8151 or email us at gcho@loancabin.com. We are available 7 days a week, evenings, weekends, and holidays.

By Gustan Cho

www.gustancho.com

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