How to Avoid Risks During the Home Selling Journey

by Joyce Powers 12/08/2019

Navigating the home selling journey can be difficult, regardless of whether you're an experienced or first-time property seller. Fortunately, we're here to help you limit the possibility of encountering home selling problems that otherwise may prevent you from achieving your desired results.

Now, let's take a look at three tips to help you avoid risks during the home selling journey.

1. Learn About the Housing Market

What sets your residence apart from others on the real estate market? Ultimately, if you allocate time and resources to learn about the local real estate sector, you can promote your residence to the right groups of prospective buyers.

Take a look at the prices of homes that are similar to your own and are located in your city or town. With this real estate market information, you can narrow the price range for your residence.

Also, check out the prices of recently sold houses in your area and find out how long these homes were available before they were sold. This real estate market information will enable you to determine whether you're about to enter a buyer's or seller's market.

2. Establish an Aggressive Price for Your House

An aggressive initial home asking price can be a difference-maker during the home selling journey. Because if you have an aggressive asking price in place for your home, you could boost the likelihood of a fast house sale.

Conducting a home appraisal enables you to understand the value of your house based on its age, condition and the current state of the housing market. This appraisal is performed by a property expert, and it may help you establish an aggressive initial home asking price from day one of the home selling journey.

In addition, it may be beneficial to complete a home inspection. If a home inspector analyzes your residence both inside and out, he or she can help you identify potential problems. Then, you can perform various home upgrades to boost the value of your home.

3. Remain Flexible

The home selling journey typically varies from seller to seller. However, if you remain flexible as you proceed along this journey, you may be better equipped than other home sellers to identify and address problems before they escalate.

If you require extra assistance during the home selling journey, you may want to hire a real estate agent as well. This housing market professional can guide you along the home selling journey and take the guesswork out of listing your residence.

A real estate agent will help you add your residence to the housing market, promote your house to potential buyers and set up open house events and home showings. Plus, if you receive an offer to purchase your residence, a real estate agent will help you review this proposal and make an informed home selling decision.

Avoid problems throughout the home selling journey – use the aforementioned tips, and you can quickly detect and resolve any potential home selling issues.

About the Author
Author

Joyce Powers

 After leaving a successful career in the financial industry, I did much soul-searching and found myself drawn to the real estate industry. When you consider that the most important investment most people make is their primary residence, I thought this would be a perfect second career for someone with my background.

I became a licensed NYS Realtor and I am currently a NYS Licensed Associate Real Estate Broker affiliated with KMS Realty Group and a member of the Staten Island Board of Realtors. I've also obtained the following Designations and Certifications: ABR (Accredited Buyer's Representative), CIPS (Certified International Property Specialist), CNE (Certified Negotiation Expert), CSSP(Certified Short Sale Professional), GREEN (National Association of Realtors GREEN Designation), SFR (Short Sale and Foreclosure Resource), SRES (Seniors Real Estate Specialist). Since 2010 I've been a Top Producer of the Staten Island Board of Realtors. I’ve also served on various committees at the Staten Island Board of Realtors, including the Grievance Committee and the Professional Standards Committee and I'm currently a Director of the Staten Island Board of Realtors.

As a professional full-time Realtor, I will guide you through one of the most important financial decisions you will make - whether it is buying or selling your home or investing in real estate properties. I will be by your side every step of the way.