Are you one of the first time home sellers in Pensacola? Don’t worry I’m here to guide you in the best way possible in my article to avoid delays and waste of you valuable time. Walk with me in this article to make your life a lot easier when planning to list your house for sale. In our latest post, I will offer tips for first time home sellers in Pensacola and beyond. Find out what to watch out for before trying to sell your house!
If you have never sold a house before, the process can feel burdensome and overwhelming. There is a lot to do, and without the right people on your team, you can find yourself overwhelmed and unsure of how to proceed. There are many expenses to consider, as well as red-tape and delays often caused by lenders. Below, we offer some of our best tips for homeowners who are ready to sell a house in Pensacola and the surrounding areas!
Get The House Ready
If you decide you want to list the property with a Pensacola real estate agent, you’ll need to prepare the house for the market. This means you will need to possibly paint the walls, replace old carpet, update hardware, replace old fixtures, swap out appliances, and make any repairs the property needs. You’ll also need to clean the house, keeping that way for property showings. Your costs can add up quickly, so if you choose to hire an agent, make sure the upfront costs are taken into consideration before signing a listing agreement.
When you want to sell your house. You need to have the right start from day one. What’s the first thing you need to start with? To avoid any time wasting first, you need to have the right people with you. Like the right agent if you’re planning to list your house on the market. But what’s the right agent for you? Let me start by the characteristics of the right agent.
For first time home sellers in Pensacola. The agent has to have a positive attitude. Not only it will make your life easier when dealing with him/her. But your agent will attract the right home buyer agents and their home buyers in Pensacola! Second, Agent has to be responsive. Any agent that respond to you a day later or more in some cases, you definitely need to look for another one.
Third, they have to be respectful to you and your decisions. Fourth, the agent not acting like Mrs./Mr. know it all. Just because they know more than you’re in real estate, doesn’t make them an expert in real estate, nor that it makes them expert in selling your home. But if you have an agent always looking to learn and adding knowledge, then you have someone in your team to better guide you on what repairs you need to pay intention to, and what king of updates you need to make in your house to get the best bang for your buck when you get your house sold.
Let me take it from here to tell you what kind of upgrades you need to make to get the most money when selling your home. Listen first time home sellers. I do this for living. I flipped many houses and I can guide you here better than your agent. First you need to make sure your house that you’re selling in Pensacola, Florida or anywhere nationwide for that matter is free from repairs in the case you’re listing your house on the market. However, you can always reach out to us at Quality Properties Of Northwest Florida LLC to sell your house in AS-IS condition.
Second, you need to upgrade your house based on the location and area your house in located. What do I mean about that? I mean if your house is in an area where the ARV (After repair value) in the 100k-200k range of ARV then you need to make the house free from repairs and upgrade your home to make it look nice but without over kill or over spend. The reason why is because no matter what you do to the house if you did expensive upgrades and your median selling price in your neighborhood is $125 PSF (Per square foot) then all the expensive upgrades money you spent is going to a waste. Why?? Because no matter what you do to the house. This is what you’re going to get for it when you’re selling the home!
On the other hand. If you have a house you want to sell in Pensacola beach or Pensacola down town where the prices are sky high, then you get to get expensive upgrades to get the top dollar possible, because when the area you selling the house is great on the asking price for home sellers. Anything you add to the house to make it nicer, it will bring you the money in multiply.
While all of this work seems to be a lot to analyze and in some cases overwhelming for some first time home sellers in Pensacola, and it’s because it’s a lot to analyze. And this is will take me back why you should have the right team with you. Whether we’re talking about agents, or if you decide to sell your house off market with a reliable home buyer that will give you a fair cash offer for your house. The you look no further. At Quality Properties Of Northwest Florida LLC, we take a pride on serving homeowners in Pensacola, Florida and in the surrounding cities.
Learn About The Market
When selling your house in Pensacola, it’s imperative that you know a bit about current market conditions. Take some time to research trends and recent sales. Determine what your property is really worth and how those amounts have changed over time. By having a realistic picture of what your property is worth, you’ll be able to negotiate for the price you want. The best investors out there make it a point to learn as much as possible about current properties for sale and what’s going on in the local market.
The current real estate market we’re in has a lot to do with where’s the asking price should be form the beginning. You need to understand the current real estate market to make the right decisions. When it comes to pricing your home and what to expect when listing your house. You need to price your house right from the start. Because if you price your house too high, then it will stay on the market for too long which will make a lot of home buyers think that there’s something wrong with the house. If that happens, then the only option you will have from there is going down on the price to get some home buyers through the door to get the house sold.
On the other hand, if you listed too low, you will sell the house fast but you will leave money on the table. You get what I mean? You want to list your house just right where you have home buyers coming in without throwing home buyers off with a price is too high or a price is too low where you lose money. When you’re a first time home sellers in Pensacola, this would be a great tip for you to learn from other people mistakes like mine when I first got started in the real estate business.
Price Your Property Correctly
You need to price your house right from the start. Because if you price your house too high, then it will stay on the market for too long which will make a lot of home buyers think that there’s something wrong with the house. If that happens, then the only option you will have from there is going down on the price to get some home buyers through the door to get the house sold.On the other hand, if you listed too low, you will sell the house fast but you will leave money on the table. You get what I mean? You want to list your house just right where you have home buyers coming in without throwing home buyers off with a price is too high or a price is too low where you lose money.
When you’re a first time home sellers in Pensacola, this would be a great tip for you to learn from other people mistakes like mine when I first got started in the real estate business.
Pricing your house too high from the beginning will likely net you less money when all is said and done. An overpriced property will sit on the MLS longer, need to be reduced, and lose it’s overall appeal to potential buyers. The house will fall lower and lower in the search results, often making it an afterthought for buyers looking at houses in the Pensacola area. Incorrectly pricing a property is one of the biggest mistakes sellers make. With a direct sale to Quality Properties Of Northwest Florida LLC, you won’t have to worry about pricing or trying to determine an accurate value.
Consider Your Selling Options
There isn’t just one way to sell your house in Pensacola. It’s important that you analyze the different selling methods and factor in what each will cost and what benefits they will each provide. Listings are great for properties that need little work and that don’t need to be sold right away. Listing can take some time and there are often expenses for repairs, cleaning, marketing, and other listing costs.
A direct sale is often the better choice for properties that need work, that are burdened with liens or tax problems, or that need to be sold within a specific amount of time. Don’t assume that you need to hire and pay an agent for helping you sell. In some cases, a direct sale we be the best way to sell from a financial standpoint. Never mind all the time you will be able to save.
Moreover, listing your house with an agent is not for everyone. Because in some situations. You need a quick sale, like foreclosures, liens, tax deed sale, moving, house needs major repairs and in need for money, etc.. If you’re facing any of these difficult situations and any other homeowner facing difficult situation. We can help at Quality Properties Of Northwest Florida LLC. We can close in 10 days with no closing costs. No realtor commission fees. No clean up. And certainly no repairs.
Understand The Costs
If you choose to list, it’s important to know what it will cost you. Many people fail to factor in costs for cleaning, upgrading, or making repairs. As mentioned above, it can take a lot of work to get a property ready for the MLS. You’ll also need to factor in marketing costs and the cost of your time. How much will it really cost you preparing and showing the property? With an agent, you will also need to factor in commissions, agent fees, administrative expenses, and closing costs. Every one of these expenses can be avoided with a direct sale to Quality Properties Of Northwest Florida LLC.
One of the most overlooked costs when selling a home are holding costs and repairs. The longer you hold-on to a property when you’re selling the more it will cost you and the less money you will get at the end of the home sale. Holding costs are like utilities if the house is vacant and you’re not living there, and now you’re paying for 2 houses utilities, the house you’re living in and the house you’re selling.
Also, property taxes, insurance, maintaining the house from cleaning, lawn care, things breaking down and sending professionals for repairs. Homeowners specially first time home sellers in Pensacola or anywhere in Florida or nationwide tend to overlook this expense because they never sold a home before. Also not knowing the time it will take. A lot of homeowners who never sold a house before don’t know that it can take a lot more that they anticipated. moreover, they didn’t know because no one told them or advice them the cons of listing their homes.
The second overlooked expense is repairs for your home. The prices was 5 years ago isn’t like the prices now for both labor and materials. Prices are steady going up with the inflation but the prices for materials and labor takes the biggest jump. I’m telling you this from personal experience. My company flip on average 2-3 houses a month and I can’t tell you how much prices have went up from 5 years ago.
First time home sellers in Pensacola or anywhere might overlook this big expense. Until today I still add 20% more than the repair estimate for any project. Surprises always happens in renovations. What it looks like form the surface you need to replace a sheetrock might not be the case when you rip out the sheetrock. It will all depends on what you will find beneath the surface. This usually happens in bigger projects more than smaller ones. But in all renovations sizes. Make sure you add 20% of your estimate to be prepared.
Work With Professionals
No matter how you decide to sell, always make sure that the people you are working with are honest, professional, and passionate about what they do. If you list, your agent needs to fight for you, getting the best price possible on your behalf. If you choose a direct sale, Quality Properties Of Northwest Florida LLC knows how to efficiently close, making the selling process simple and convenient for you.
Not every real estate investor is the same. When you work with us, you can be assured you will receive the best treatment and the best prices possible. If you plan on fixing up the house before trying to sell it, make sure the contractors you are working with are known to you or come highly recommended. You don’t want to find that you are throwing your money away on repairs and upgrades that don’t offer a return.
If you’re a first time home seller in Pensacola or anywhere nationwide. You need to get get your house ready and free from repairs if you’re listing it on the market. But you always can sell the house is AS-IS condition to trusted home buyer company like Quality Properties Of Northwest Florida LLC. With having the right people on your side you will make the home sale process much easier.
Understanding the current real estate market will help you price your home better for you not to list it too high or too low. You will be able to list your home with more accurate listing price. And always look for unconventional ways to sell your house and consider all options and choose the best option for you based on your situation financially or conveniently without getting effected by you decision emotionally.
Never overlook the most overlooked expenses with first time home sellers in Pensacola or nationwide. Which are holding costs and home repairs. And last but not least. Work with the most trusted real estate home buyer professionals like Quality Properties Of Northwest Florida LLC to get a fair cash offer for your house. Or to get the best advice possible when plan to sell your house.