Answers to the most common Boston condo sellers questions
How should I select a downtown Boston real estate broker?
The best method is selecting someone who was recommended to you. If you don’t know anyone who sold a Boston condo within the last year, check out real estate companies and agents Google Reviews,
What Marketing Strategies Should a Downtown Boston Real Estate Broker Use to Sell My Home?
A home that is priced properly and given maximum exposure should sell in a very short amount of time and for top dollar. Some of the top real estate marketing strategies that top Realtors® are using to sell homes include;
- Print & traditional marketing such as post cards, TV, and newspaper ads
- Online exposure
- Social media
- Content marketing blogs
These are 4 of the most important marketing strategies that top agents are using and what a seller should expect from their agent. Real estate agents who are not using the Internet or not using social media as a channel to give their sellers homes exposure are potentially costing them money and wasted time.
How Do You Determine The Market Value (List Price) Of My Home?
Many home sellers ask how real estate agents determine the market value of a home. Rightfully so, this should be something sellers should inquire about. There are many resources available for sellers to find estimated values of their home online, but it’s important to take that information with a grain of salt.
Sellers need to understand how the market value of a home is determined. One of the best questions for a seller to ask a real estate agent about is how they plan on determining the price of their home. There are several methods that can be used to determine the market value of the home, with the most effective being the comparative market analysis (CMA) approach.
Other methods for determining market value include the price per square foot method and appraisal method. It’s important that when selling a home, a seller understands how their real estate agent is going to determine the market value of their home.
What Are The Costs Of Selling My Home?
Another common question from home sellers relates to the costs of selling a home. Many home sellers don’t realize there are costs to sell a home. Since a home sale is one of the biggest transactions someone will be involved in, it’s critical to know what all the costs involved are. Below are some of the most common costs of selling a home.
- Brokerage fees/real estate commissions
- Seller concessions (if applicable)
- Title search
- Instrument survey
- Home warranty (if applicable)
- Transfer taxes
- Capital gain taxes
- Costs of various repairs from inspections
- Existing mortgages or home equity loans
What Should I Do To Prepare My Home For The Market?
Home sellers who prepare their homes for the market, in most cases, will sell their home for more money and in a shorter amount of time. There are certain steps that should be followed to make sure a home is market ready.
Not only is being market ready important there are also steps to ensure the home is “show ready.” There is only one chance to make a first impression with a buyer. There are many home selling checklists that are available for sellers to ensure their home is not only market ready but also show ready.
Should I Stage My Home Or Sell It Empty?
Many home sellers wonder whether selling a home staged or empty makes a difference. There are certainly PROs and CONs to both.
There are some buyers who cannot envision their own belongings in a home that is full of other peoples belongings while others prefer to see how a space is utilized. One of the biggest considerations when determining whether to sell a home staged or empty is the price it would cost to stage a home.
If the cost to stage a home is thousands of dollars but the sale price would be thousands higher, it is likely worth staging a home. The answer to this question is not concrete and will depend on each sellers situation. It’s important that sellers ask their real estate agent what they think and why in order to make an educated decision whether to sell their home staged or empty.
How Long Will It Take To Sell My Home?
Similar to the question about staging or selling a home empty, the length it takes to sell a home is not concrete. There are many factors that contribute to the amount of time it will take to sell a home.
For those home sellers who are wondering how long does it take to sell a home, below are some of biggest contributing factors that impact the amount of time it takes from listing date to closing date.
- Current state of real estate market (sellers market, buyers market, balanced market)
- Listing price
- Real estate marketing strategies used
- Number of inspection contingencies
- Buyers mortgage approval process
- Closing document review process
What Should I Avoid When Selling My Home?
Home sellers who are concerned about what they need to avoid are taking the sale of their home very serious, and rightfully so. There are certain home selling blunders that some sellers make that can kill a home sale before it even gets going.
It’s important to avoid home selling mistakes such as hiring the wrong agent, pricing a home too high, not accommodating showings, and being unrealistic with negotiations. By avoiding these items when selling a home, a seller exponentially increases the chance of a successful sale of their home.
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