Many sellers skip this important step that does not take too much time. Ask you and your family the following
A trust worthy agent is vital in selling your home. Determine questions to help you find the right selling agent. We believe a trust worthy agent is more valuable than an agent that specializes in your city or community. With the world of internet and the MLS the trustworthy agent can familiarize quickly the market condition of your community, school rating, brokers in the area and much more to help reach your selling objective.
They will also share with you’re their honest opinion of the condition of your and compare it to homes that sold for top dollar. The agent will not over promise but share potential realistic outcomes.
A trustworthy agent is key to your selling success
Your agent will work in your best interest, so it’s essential to sign a contract with them to guide you through the selling process and help you achieve your goals.
Our Recommendations for the Exclusive Residential Listing Agreement:
In preparing your home for sale, your agent can provide examples of recent top-dollar home sales in your neighborhood to help you determine what needs to be done to your home. This might include decluttering, painting, or making repairs. If your current furniture is in good condition, you might be able to stage your home with it. If your furniture is outdated or if you’re selling a high-value home, professional staging could be a worthwhile investment.
The next step will be to determine your price with your agent’s guidance. While online home evaluators like Zillow and Redfin are popular, they might not always provide the most accurate estimates due to outdated comparables. These platforms may also overlook key factors like pools, solar panels, and recent home upgrades. This is where your agent comes in, offering a more current and accurate evaluation based on true comparables.
We recommend listing potential costs to help you determine your net profit from the sale. Common costs include:
Once the price is determined, your real estate selling agent will start marketing your property through MLS, scheduling open houses and other strategies.
Note: The most accurate valuation is always provided by a professional appraiser, and your agent can help you navigate this process.
Accepting an Offer
This is an exciting and crucial decision. Here’s how to approach it:
Note: While your agent can guide you, they cannot guarantee the accepted offer will close due to factors beyond their control. It’s also wise to inform your second-choice buyer that they’ll be updated if the first-choice offer falls through.
You accepted the offer, so what is next?
(Be patient it can take 30-60 days to close escrow if buyer is using a lender)
As homeowners we itch to know the value of our home and know the potential equity we have made. We also may check weekly or monthly as if it is the stock market. Which draws us to use internet appraisal sites like Zillow, Redfin or many other internet sites.
Unfortunately, Zillow themselves explain there are many factors their algorithm does not consider in their estimate and recommend for user to use a real estate agent. You can visit this link https://www.zillow.com/z/zestimate/#acc and see the average margin of error for each large metro city. In Los Angeles it is close to 2% margin of error which means if you are selling your home between $500k-$1million, Zillow may under or over value it between $10k-$20k. Also many independent articles have written that Zillow estimate is off by 10% -20%.
Zillow will not consider conditions of your home such as upgrades to your home or if your neighborhood is near the beach or your home has a pool.
Lastly, the sale data is the most updated. With an agent you will know what was sold on the same day while Zillow can take days, weeks sometimes months to report the sale and add it as part of your valuation.
NOTE: The most accurate valuation of your home is to hire an appraiser who works with lenders
In 2009, the owner of Vistura founded the business with a focus on investing in California income properties and flipping houses. Over the years, the company began receiving inquiries from first-time homebuyers and investors seeking advice. In response, Vistura has opened its doors to share its extensive experience in working with first-time homebuyers, property flippers, Luxury Home Sellers, Dream Home Buyers and income property investors. Our team strives to unlock your VISion to your fuTUre!