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Five ways to be a savvy first-time seller

 

Homes have been in huge demand in the Houston market over the past several months, with many listed properties drawing multiple offers from would-be buyers and some sellers getting more than their original asking price. The hefty sales activity has driven housing inventory down to levels not seen since 1999. This is an excellent time to sell a home, so what are you waiting for?

Remember when you were a first-time home-buyer? Were you excited but overwhelmed? It’s not unusual to feel that way as a first-time seller either, and it’s just as involved of a process – if not more so. But knowing what to expect can make the selling process go smoothly. Here are five ways to be a smart first-time seller.

1. While it may sound appealing to try to sell your home on your own, keep in mind the challenges you could face if you’re not a real estate expert. Hiring a REALTOR can save you time, reduce hassles and will help you avoid the legal risks that come with selling property. Pricing your home is easier when you have a REALTOR who can provide you with information on comparable property prices and current market conditions. Asking too little for your home is a costly mistake, but pricing it too high can cause your property to languish and ultimately sell for less than it might have had it been priced right.

2. Selling a home often involves buying one, too. As a first-time seller, understand that timing your sale and your new purchase can be tricky. Your REALTOR can walk you through your options and help you make a decision on timing that is in your best interest. He or she can also help you keep track of progress made on the sale of your home and the purchase of a new one.

3. If you find a new home you want to buy, you might include a contingency clause in your offer. This means your purchase of the new home depends on the sale of your current home. But using a contingency clause can also put you in a weaker position as a buyer, since another buyer without a contingency may be more attractive to a seller. Again, your Texas REALTOR has the experience to guide you through difficult decisions such as this.

4. If your selling agent doesn’t serve the new location you’re moving to, they may be able to give you a referral for a REALTOR who can help you locate your next property to purchase. That referral can save you time while matching you up with another professional ready to help you achieve your goals.

5. Remember when you bought your first home and had a lot to learn? Selling also has a learning curve, since your to-dos during the home-selling process won’t be exactly the same as when you bought your home. Even though there is much to learn on the selling side, your buying experience can still be valuable. Putting yourself in a buyer’s shoes can help you position your home as an attractive property to purchase and help you make that first-time sale.

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Whether you're interested in buying your first home, your next home, or just want to know more about home-ownership in general, I encourage you to check out a couple of great online resources:http://www.texasrealestate.com/ or http://www.har.com/. And for all of your Pearland, TX and Northern Brazoria and Galveston County real estate needs, please visit my site at:http://www.danfrankrealty.com. All of these sites offer tons of useful, real estate-related information geared specifically for Texans.

Remember, Danny Frank is always looking to hire new and experienced real estate agents for the team at Prudential Anderson Properties.  Are you ready to move to the next level in your career?  Call me to join today.  You can see my entire blog at: http://www.pearlandrealtyblog.com

Call Danny Frank, at 713-581-4702 to start looking for the JUST right house or to sell your house at the best price ever and in the quickest amount of time.

 

 
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Comment balloon 3 commentsDanny Frank • April 08 2013 08:34AM
Five ways to be a savvy first-time seller
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Homes have been in huge demand in the Houston market over the past several months, with many listed properties drawing multiple offers from would-be buyers and some sellers getting more than their original asking price. The hefty sales… more