Three Tips for a Quick Home Sale

6Did you know that 9 out of 10 buyers will begin their search for homes for sale in Pensacola online? In today’s hyper-connected world, you may be wondering how sellers can be just as savvy as the online house hunters.

When it comes time to selling your home fast, and for the right price, the best solution is to work with an agent who understands local market conditions. Sure, we all know that right now it is a seller’s market and that price gains are slowing. It is still important to look at local conditions, right down to the homes and condos that sold next door and down the street.

Another tip for a quick home sale is to focus on the first few weeks. Because there’s not necessarily an overwhelming amount of inventory to look over, buyers often become suspicious of homes that site.

Lastly, put yourself in a buyer’s frame of mind. Because 9 in 10 buyers search online, they know what features are standard in homes like yours. Before you list it is important to see how your home compares to the competition, and realistically think about repairs that would be worth while.

Are you interested to see what your home is worth? Check out this free property analysis tool that will compare your home or condo to others in the area!

Selling Your Home? Avoid these Common Mistakes…

Picture1 (2)Sometimes, it is helpful to learn from your own mistakes. In most cases, especially when it comes to selling your Perdido Key or Orange Beach real estate, it is better to learn from somebody else’s mistakes. That is really one of the many benefits of hiring a professional agent – learning from their past mistakes and avoiding some of the very common pitfalls to follow…

(1) Pricing Your Home Too High. When it comes to setting a price, it’s important to do so correctly from the start. Listing your home to high and reducing it several times can lead to an even lower sales price than you originally intended. There’s a method to the madness and a savvy Southern Real Estate Agent can help you set a competitive price so that you receive the best possible offer.

(2) Stressing Over the Little Things. Selling your home is a huge decision and an even bigger financial consideration. It’s easy to get wrapped up in dollar signs and repairs, but you shouldn’t let these things derail what you have set out to accomplish.

(3) Letting Emotions Overcome You. Speaking of stress, another common pitfall is allowing your personal feelings cloud your judgment. Memories made in your recently listed home aren’t going to affect a buyer’s decision. Don’t let these heartfelt stories impede your ability to sell strategically.

Avoid these common home selling mistakes and hire a Alabama real estate agent for smooth sailing from start to finish.

Real Estate Pricing Guide

Picture1 (2)If you are a real estate agent in Orange Beach, Perdido Key or Pensacola Beach you are likely asked, “How should I price my home?” That may sound silly to you and you may be thinking not too high, not too low, just right… Right?

Pricing a home is harder than it appears. There’s always a little more strategy to it than you would think, and one very big factor always comes into play: market conditions.

Home prices are up. Mortgage rates are low and housing supply is stretched thin. It’s safe to say we’re in a tight market. In this case, history tells us to price low and spark a bidding war, but REALTOR.com‘s recent study suggests pricing a home higher might end up selling even higher.

The study performed by the Journal of Economic Behavior and Organization relates it to a physiological tendency called “anchoring.” For example, if we find jeans with an $80 price tag marked down 20%, we think it’s a steal even if another store sells jeans at $60.

It’s an interesting theory, with some caveats of course, but in the end up it’s to the seller.

Seal the Deal – Tips for Sellers

Picture1 (2)Whatever you are in the market to buy, it is generally safe to assume that you will look for the deepest discounts, some surprising specials and novel ways to save. The same is true for real estate, and not just for buyers. Sellers too, look for different ways to get the best price for their homes and usually in the quickest way possible.

While the the concept may not be hard to grasp, the execution has potential to be. So, how do you entice prospective buyers to seal the deal and buy your Perdido Key real estate that is listed for sale?

The tired, but true phrase “Location, location, location,” is a good place to start. There is no doubt that a home’s location can affect how much it sells for and how long it sits. Let us be honest though, not everyone’s home is located in community with a pool next to a supermarket. While you cannot fix the proximity of your home to the interstate, you can adjust the price.

A correctly priced house can make all the difference in a home that sits and one that sells. There is a fine line that between a house that is priced too high and one that is too low.

For more tips on how to sell your home, contact one of our Gulf Coast real estate agents today.