Mistakes People Make When Buying a Home in Southwest Florida

4 Mistakes That Plague First-Time Home Sellers and How to Avoid Making Them

Are you thinking about selling your home in Southwest Florida? If this is your first time going through the selling process, you may be wondering just how well things are going to go. Selling a home is usually a smooth process – there are thousands sold each day – but issues can arise if you're not careful. Let's explore four mistakes that are commonly made by first-time home sellers and how you can avoid them.

Trying To Sell Without Experienced Representation

The first and most significant mistake that some first-time sellers make is to try to go it alone. Selling a house is a major financial and legal transaction and one where experience is crucial in getting things right. Invest in an agent who has a track record for quick, efficient sales and you're going to have an advantage.

Choosing Emotion Over Reason

Next, you'll want to avoid letting your emotions control how you react or respond during the selling process. Many homeowners become emotionally attached to their homes, which is fine while you're living there but can be a problem when you're selling. It's important to let logic and reason guide the sale. Don't let yourself get caught up emotionally or you may make a critical mistake.

Pricing Outside Of A Realistic Range

Asking too much – or too little! – for their home is another common mistake made by first-time home sellers. It's critical to understand that the local real estate market has a lot of influence on the correct asking price for your home. Current listings and recent sales of similar homes in the area tend to set a price range in the minds of buyers, so these will need to be observed. Your real estate agent will be a big help in choosing the right sale price. 

Selling At The Wrong Time

The final mistake we'll cover today is listing your home for sale in the wrong environment. The local real estate market is in constant state of change due to a variety of factors. The seasons, other local home listings, interest rates, new home construction, local municipal zoning changes and all sorts of other factors can influence your sale. Unless you are under a time constraint, it's best to let your agent advise you when it's a good time to list your home. 

Selling your first home can be a daunting experience, but with the right frame of mind and professional representation, it will go smoothly. To learn more about the home selling process or to list your home for sale, contact us today. Our real estate team is happy to assist.
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Southwest Florida

Real Estate Agent Negotiations in Southwest Florida

Know if we are in a buyer or seller market
It is very important to know the “pulse” of the market when negotiating a real estate deal. When you go into real estate negotiations on a property there are many variables and it is a fluid situation. There was a time in the Southwest Florida real estate market over the last few years that a seller could get away with an awful lot. Those days have passed for the most part. It still isn’t a buyer’s market but sellers can’t really demand as much as they once could. There was a time, especially in Fort Myers, Sanibel, Bonita Springs and Cape Coral a seller could basically name their price, name 95% of the terms and have 1 hour showing windows every 3 days and still receive multiple cash offers over asking price. That gave the seller great negotiating position. Those days are in the past for now. So we will discuss negotiation strategy in a more level and sane market.