A lot of homeowners may not be first-time homebuyers. Some may not even be first-time home sellers. While many beginners to the real estate market gain a significant amount of knowledge during their first interactions with the market, there are some key reminders for those who may be a little more seasoned. Regardless of your status as a home seller, remembering these checklist items will help keep the stress to a minimum.
Here are three reminders when selling your home.
Acknowledge the Market
Knowing what type of market you’re currently in, be it buyer’s or seller’s, is the first step to a tactical advantage when selling your home. For example, if you’re in a buyer’s market, you may run into a plethora of competition and need to price your house with a competitive edge. If the market is a seller’s market, you’re more-than-likely in a decent position to price the home closer to what you imagined you would.
Work with a Professional Real Estate Agent
If you’ve sold a home before, it may be tempting to post your home for sale as “For Sale by Owner” or FSBO. While this is a viable option, working with a licensed, professional real estate agent is a great way to ensure that you’re completely caught up in all the nuances of the industry. Things change quickly in real estate. Agents must keep up with new regulations and trends. Imparting that knowledge to their clients and ensuring home transactions go smoothly and according to said regulations is a key component to their every day experience.
Remember Acceptable Concessions
There’s a chance that there will be an offer or two that requires you to amend your final resolution about your home. Remember, some concessions are acceptable, especially when dealing with multiple offers. Depending on the offer you and your agent deem fit, you’ll want to acknowledge and talk through any altering concessions your chosen buyer may have. Make sure that you adhere to them before the final meeting to ensure you get exactly what you want out of your home sale.
Remembering a few key elements like these, regardless of sales experience, is an efficient and lower-stress way to sell your home. Always remember that there could be curveballs and look to your hired professional real estate team for any guidance in newer or more niche areas of the sale.
About the Author
Carolyn Andrews
Carolyn Andrews has over 30 years licensed Brokerage experience in both California and Colorado. Born in England, Carolyn moved to California in 1980, then relocated to Denver, Colorado in 1991. Carolyn has also received recognition for Top Sales at RE/MAX Alliance Aurora in 2007-2008 and is a member of the RE/MAX Hall of Fame & Chairman’s Club, as well as a recipient of the ReMax Lifetime Achievement Award. Carolyn has sold over 2000 homes personally in her career. Carolyn has been actively involved in many aspects of the Real Estate business including investment property, luxury homes, mountain resort property, skiin/ski out, REO/default management, loss mitigation, valuations, and disposition. She has been a speaker and panelist at several conferences and has been consulted on many occasions by various organizations in the REO/financial industries for her expertise and served on many boards. She has attended numerous ongoing classes to stay abreast of changes in the ever-evolving Real Estate industry. She is the prior State Director for Colorado for VAREP(Veterans Association of Real Estate Professionals). She is a member of 3 boards of Realtors including Metro Denver, Colorado Springs and Summit County mountain areas. She heads up The Andrews Group and is or has been an active member of NAR, CAR,REOMAC, CIPS, CRS, AREAA, NAPW, NAHREP, and is an original member of the ELITEReal Estate network. She was ranked #1 for most homes sold in Denver 2007 by Denver Board of Realtors, #2 for 2008, and #2 for 2009, #5 in 2010 and #4 in 2011 and has been consistently in the top 10 ever since. Carolyn Andrews has been a top rated Endorsed Local Provider for the Dave Ramsey Organization and also a Top Producing agent for 2018 for the Homelight Company.
