Are you thinking of selling your home? You are asking the usual questions. What’s my home worth? How long will it take to sell in today’s market? How much will I net from the sale? With market conditions changing, will there will be more emphasis on the position the home for sale, and due diligence.
You should know the real estate market in the Las Vegas Valley is still a great market for sellers of existing homes. You may not see the days of selling your home in one day with bidding wars at this point. The following are 5 tips to help you be prepared to sell your house for the highest price.
1. You get what you pay for
Full service experienced professional Realtors reach the broader buyer audience with their marketing plan of action. Ask to see the plan. Also ask what their average list price to sales price ratio is. This information comes from the Multiple Listing Service.
Remember this the net proceeds from your sale are ultimately more important than the commission you pay. It’s what you put in your pocket that counts.
For example: If an agent is closing 2 percent higher sales prices on average than the MLS, then you are essentially getting a 2 percent gain already with the benefits of a full-service agent.
2. Avoid price reductions
Statistics have shown that homes listed at market value ultimately sell for a higher price than homes with a history of price reductions.
Realtors can track how many consumer views are obtained on internet sites, and it’s clear the biggest audience of buyers peaks the first 14 days a home hits the market.
3. Relying on online websites for estimate of value
Needing an appraisal to fund a loan has never been more important and has never changed. The fact is your home is the collateral for the lender who finances the sale. Your lender wants to be assured by a licensed and certified appraiser for a good reason. For real estate professionals, online valuations are one of the most frustrating obstacles we face in our industry today. Your Realtor spends hours on a market analysis before meeting with a seller. Trust your real estate advocate to assist you with determining the list price of your property.
4. Making repairs.
It’s common when a Realtor looks over your home to accepting the listing they will explain to you what needs to be done to your home to make it sell faster and for the best price. It is important that you listen and be prepared to do the repairs or cosmetic items your Realtor suggests. It will be to your benefit in the long run.
5. Check online reviews
The Las Vegas Valley had quite a real estate ride in Las Vegas since the early 2000s. Realtors who have navigated market conditions through recessions, a foreclosure crisis, pandemic and extreme appreciation or depreciation are going to have experience, and their versatility and savvy will show in their online reviews. Do your diligence, and vet and communicate with listing agent candidates about what is important to you. It will make for a smoother transaction and peace of mind.
If you are selling your home please contact the Smith King Team.
Keep in mind that whether you are interested in buying a home or selling a home, a Realtor should represent you– this person is working for your benefit and will help you navigate through the buying or selling process. We have celebrated selling both New and Resale Homes for over thirty years…..
We are here to answer any questions you might have – just email jennifer@smithteamlasvegas.com
Thanks and make it a terrific day…………The Smith King Team
