If you are planning to sell your home but you still don’t have any idea how things work in the real estate world, the best way for you to acquire knowledge is to ask as many questions as you can. Cristina Diez, a renowned real estate broker in Miami, shares some of the common questions home sellers should ask when selling their home.
There is no general rule as to the perfect timing in selling a home. Some real estate agents say that the best time for selling real estate properties is during the spring. This is why the real estate market is booming during this season. However, this does not mean that you can not sell your home during winter, summer, or fall.
Talking about competition, the best time is during summer or winter as only a few real state owners sell their properties during this time. This means that the possibility of having your property sold faster is higher than during the peak season. But as for real estate broker Cristina Diez, the right time to sell your home is whenever you are ready. Of course, you can’t push through the selling process even if it is already peak season if you are not yet ready.
There are different factors that can affect how fast you can be able to sell your home- price, condition of your house, and location are just among these factors. Fortunately, there are many tricks that can help you close a deal more quickly. Some of these are:
⦁ Avoid overpricing.
⦁ Do necessary repairs, maintenance, and improvements.
⦁ Get everything ready for home staging.
⦁ Hire a professional real estate broker.
The process of selling a home can be quite lengthy and complicated depending on different factors like the location and condition of your property, the current market trend, and whether you are working with a realtor or not. Generally, the process of selling a home involves things like:
⦁ Deciding on the price.
⦁ Preparing a marketing strategy.
⦁ Researching about the current real estate market trend.
⦁ Listing your property.
⦁ Dealing with prospect buyers.
⦁ Preparing your home for staging and doing necessary repair and maintenance works.
⦁ Handling paperwork.
If you are not sure what to do yet, it is best to seek advice or guidance from a professional real estate broker.
This quite a personal preference. However, it is always recommended to work with an experienced real estate agent who knows the ins and outs of the local real estate market. The agent will guide you through the entire process and will also help you sell your house faster.
There are different values that you need to know of and understand when selling a home. Values like the assessed value, fair market value, and appraised values, and prices like sale price and list price, can be quite confusing. To give you an overview of each of these items, let us start by defining them.
⦁ Assessed value – the value of a real estate property that is determined by the local tax assessor’s office for tax purposes. It is relatively lower than the fair market value.
⦁ Fair market value – the value of your home considering the current local real estate market conditions.
⦁ Appraised value – the value assigned to you home as a result of home appraisal considering both the current local real estate market trend and the condition of your house.
⦁ List price – is the price you assign for your home when listing it.
⦁ Selling price – is the actual price you received from the buyer when you sold your home.
Before deciding on the price, it is best to talk with a professional appraiser to know how much your home really worth it.