Great Tips for Selling a Home for the First Time

The current housing market is nothing like it was even a decade ago, and this is something that even experienced home-sellers should realize. Today’s prospective buyer has more tools and is pickier than ever when considering Pensacola FL real estate. It is therefore prudent to keep a few factors in mind when listing a home for the first time to ensure that the process not only goes smoothly, but that you get the result you can be happy with.  

Be reasonable with your pricing

The first two or three weeks of the showing will record the most interest. Setting the price right from the very beginning increases the chances of selling your home in the shortest time possible. Check what nearby and comparable homes are going for and adjust your prices accordingly. The key is to set a reasonable price and to manage your expectations. 

Realize that losing money is a possibility

The best outcome is getting the price you hoped for, but you need to realize that it doesn’t always work this way with Fort Walton Beach real estate. What you paid for the home, an assessor’s estimate or appraised value does not always reflect the current housing market. To put it in perspective, your home is only worth as much as a prospective buyer is willing to pay for it. A good agent can help you get the price you want for it, but keep in mind that this may not always be possible. 

 Promotion is the key to selling your home

This is an important point to discuss with your agent, how she intends to reach your Gulf Breeze FL real estate target market. A good agent knows who your home is likely to appeal to, and how to reach the target audience. High quality pictures on listings’ websites are great for this purpose, and so is having a phone number to someone who can answer questions or provide more information. 

Extras make good selling points

Rather than selling appliances that may be difficult to move, consider adding them to the sale to sweeten the deal. A prospective buyer is much more likely to pay full price for a home that includes a washer/dyer set or wall mounted flat screen TV. 

All in all, the best way to ensure that your first time sale goes smoothly is to work with a good agent. The Scott Gregory Team for example puts certified, experienced and vetted agents at your disposal to help you get the best outcome from the transaction. 

Great Pensacola

Keller Williams Realty Emerald Coast

8494 Navarre Parkway

Navarre, FL 32566

Phone: 850-982-2039

www.greatpensacola.com

What to Do Before Hiring an Agent to Help Sell Your Home

Finding an agent to help you sell your Milton FL real estate is only one part of the process. There are a number of things you need to do before actually meeting with the agent to ensure that the interaction and subsequent transaction goes as smoothly as possible. Anything that you can do to make the job easier for the agent will be mutually beneficial. With that in mind, there are a number of essential tasks to perform before calling the agent. 

Find out the values of nearby homes

It is likely that home prices have changed in the years since you bought your home, so it is prudent to check comparable home values prior to calling a realtor. This helps you and the agent to get on the same page as far as your home’s value is concerned. Look into recently sold properties in your area. Your local online real estate website is a great source of information in this case. 

Double-check your mortgage

Get an exact figure on how much you owe on a mortgage if anything. This will help the realtor come up with the best strategy to sell your home. If you owe more on the Navarre Beach real estate than its actual market value, come up with a precise figure to help the agent make a good estimate on what you are likely to get from the sale. 

Identify disputes and liens

Unencumbered property is a real estate agent’s dream because it is the easiest property to sell. This however is not always possible, so it is important that your agent has as much information as possible about potential problems that could delay the sale. Think through issues that might cause a lien to be imposed on the property including problems with contractors, tax issues, disputes with neighbors and any other problems. The more the realtor knows, the more likely these issues can be resolved before the house goes on the market. 

Clean the home

Lastly, it may sound like a no-brainer but clean the home thoroughly before calling a Pensacola Beach real estate agent to inspect the property. An agent who thinks your property is great will be more motivated to get the best price for it, and put in the best effort to get it off the market as quickly as possible. Don’t forget that curb appeal also plays a role in your overall home’s aesthetic appeal so clean the outside as well as the inside.

The Matter of Contingencies In Your Pensacola Real Estate Contract

The contingencies in your Pensacola real estate contract refer to the conditions that must be met before the closing process can start. These conditions can include inspections, insurance, and financing matters, among others.  Keep in mind that contingencies are important for home buyers because these provide an out in case the deal doesn’t push through as planned.

The Workings Behind Contingencies

You, the buyer, and the seller will likely both ask for a number of contingencies to be included in the written purchase contract. This is understandable considering that both parties want to cover their backs in case the deal falls through.  You can also use a standard contract used by your realtors since most of the contingencies are already covered in it.

Keep in mind, too, that the inclusion of the contingencies should be made regardless of the location of the real property.  You may have, however, unique contingencies for a Pace Florida real estate property as against a Navarre FL real estate transaction. This can be attributed to the unique market conditions in each place even when both are in the same state.

One of the most notable inclusions is the time period allowed between the contract signing and the deal closing, known as escrow in many states. During the escrow period, you and the seller should work toward the compliance of the agreed contingencies. These can include scheduling inspections, securing loans, and getting documents, to name a few.

What happens when one of you fail to deliver on an agreed contingency? You have two options – renegotiate or call off the transaction. You have to carefully consider the pros and cons of each option especially when there’s so much money at stake.

The Types of Contingencies

There can be as little or as many contingencies as you want on your real estate contract. You and the seller have to agree on these contingencies for the transaction to move forward further.  The common contingencies include:

·         Buyer’s inspection contingency. You want to be satisfied with the home inspection’s results before closing the deal.

·         Financing contingency. You have to prove to the seller your ability to actually get a loan for financing the property purchase. Before the Great Recession, a pre-qualification letter from a lender was sufficient for the seller to close the deal. But times have changed and a financing contingency is considered a must on the contract.

·         Insurance contingency. You want to ensure that, indeed, the house can be insured. You may just find that it cannot be insured because of various issues, such as the presence of toxic mold and the high risk of natural disasters.

You can also add unique contingencies of your own. You may, for example, add that the purchase of the home will only push through when you have sold your old home. Regardless of the contingencies included in your contract, you have to carefully consider the impact of each one on the deal.

The Scott Gregory Team Announces New Featured Listings

Navarre, Florida, United States, November 17, 2016 – The Scott Gregory Team has recently announced its new featured listings for its Navarre Beach real estateportfolio. Interested individuals can browse the real estate property on its website here for more information. 

Among the featured listings are:

·         2537 valley Road

This property is located on a corner lot in Holley by the Sea particularly in the Hidden Creek area. The large lot – more than an acre in size – also comes with its own county-owned parcel for added privacy. The potential owner can become a member of the Holly by the Sea’s deluxe recreational center, too.

·         TBD Valerie Lane in Legend Wood Estates

This is less than an acre but its cul-de-sac location makes it a desirable property. The lot is also conveniently located less than a mile away from the East Bay Boulevard. 

The Scott Gregory Team also offers several Milton FL real estatepropertyfor mid-range buyers. The Fort Walton Beach real estateproperty in its portfolio are also getting attention from buyers from across the United States. 

The team is part of Keller Williams Realty Emerald Coast, a real estate company known for its reliability and quality in its services. Scott Gregory, the leader of the team, has achieved a reputation for being the top producer in the company’s Pensacola market centers since 2006. His specialty lie in residential and investment sales. 

Gregory has also established a reputation for selling property that has been sitting on the listings for prolonged periods. He has closed more than a hundred short sales – and counting - a success story partly due to his four short sale designations. He is a Certified Distressed Property Expert (CDPE). 

Home buyers and sellers can rely on the Scott Gregory Team to deliver top-notch services. These include innovative marketing strategies, effective home searches, and strong support from start to closing of the deal.

About the Company:

The Scott Gregory Team has extensive experience in buying and selling homes in both regular and distressed settings.  Clients can browse the real estate property across several areas in Florida including Pensacola, Pace, and Perdido Key, among others. Call the team at 850-982-2039 or send an email to gregoryteampensacola@gmail.com today. 

Great Pensacola

Keller Williams Realty Emerald Coast

8494 Navarre Parkway

Navarre, FL 32566

Phone: 850-982-2039

http://www.greatpensacola.com/