We Can Show You How to Sell a Home in Greater Tampa Bay Quickly
If you have made the major decision to sell a home in Greater Tampa Bay, there is a lot of information and steps in the home selling process that you should familiarize yourself with. Whether you have sold a home previously or it is your first time, it is important to fully understand the process in order to achieve your home selling goals.
As a home seller, you share two primary goals with other home sellers when it comes to your most valuable asset – your home. Just about every home seller wants to sell their home fast and sell it for top dollar. To make sure you can achieve these goals, you need guidance and insider information that our team at Your Home Sold Guaranteed Realty of Greater Florida is happy to provide at no cost to you.
In the following guide, you will find everything you need to know to ensure that you are well-educated in the home selling process and can effectively protect your investment by maximizing the profit you make from its sale. Our team will give you tips to sell a home in Greater Tampa Bay fast and to make sure you get the highest price possible for it.
You will also find out why our realtors are the best option when it comes to selling your home in Greater Tampa Bay!
In This Guide, You Will Find Out:
- The Importance of Knowing Your Motivation for Selling Your Home
- Why You Should Do Your Research before Setting an Asking Price
- How to Hire a Realtor in Greater Tampa Bay
- Ways to Ensure Your House Makes a Great First Impression to Home Buyers
- What Home Buyers Are Looking for When Buying a Home
- The Right Ways to Handle Lowball Offers
- Reasons to Consider Selling Your Home for Cash
- How We Can Sell a Home in Greater Tampa Bay Fast
The Importance of Knowing Your Motivation for Selling Your Home
Every homeowner has their own unique motivations for wanting to sell a home in Greater Tampa Bay quickly. What you may not realize is that your motivation will have a direct impact on the direction and outcome of your home selling experience.
Why you are selling the home will affect the ways in which you approach the home selling process, including what asking price you set and how much time, money, and effort you’re willing to put into preparing your home for sale.
Here is a brief list of some common reasons homeowners want to sell:
- Moving because of a new job
- Trading up to a larger house
- Downsizing to a smaller home
- Looking for a smaller mortgage payment
- Already having an offer on another home
- Desiring a change of scenery
- Needing to be closer to family
- Going through a divorce
When you clearly understand your motivation for selling the home, be sure you keep it to yourself. Do not, for any reason, tell potential home buyers! Telling them can impact the outcome of the negotiations and put you at a disadvantage when it comes to getting the best price for your property.
Even worse, it may result in the home buyer backing out of the sale completely and derailing your plan. If a home buyer asks why you’re selling, keep the reason vague and simply say that your needs have changed.
Based on the reasons above, the following is an explanation of how potential home buyers might react to those motivations.
Moving For a New Job
If you’re moving for a new job, it usually means you have a certain deadline to sell your home. If a home buyer knows this, they’ll know that you’re desperate to sell within your time frame.
With this shortened window of time, a home buyer may feel confident to start with a lowball offer because they know you don’t have much time to negotiate.
Trading Up to a Larger House
Moving up to a larger home might seem like a fairly harmless reason for selling, but it can have severe repercussions. Home buyers may end up re-thinking their decision and wondering if the property is also too small for their needs.
Downsizing to a Smaller Home
If you have become an empty nester or are going through a divorce, downsizing may be a great option for you. However, letting home buyers know this could cause them to reevaluate the property. As opposed to the previous reason, home buyers may begin to wonder if your home is also too large for their needs. They may question how much upkeep is involved in caring for it and realize they cannot handle it.
Looking For a Smaller Mortgage Payment
Everyone wants to have a smaller mortgage payment, but this is not something you should put in the minds of your potential home buyers. If they find out you are selling because the payments are too large for you, they might re-evaluate whether they can afford the mortgage or not.
It’s important to keep in mind that buyers can see what you paid for the home, and they can use this information to find out whether they’re getting a fair deal. This is why it’s crucial to know what your home is worth before selling.
Already Having an Offer on Another Home
When you are selling and buying a home at the same time, this can put you in a time crunch because you want to avoid the dreaded Real Estate Catch-22. You would certainly not want to get stuck with 2 mortgages or no homes at all, temporarily.
If a potential home buyer finds out you’re moving and already have an offer on your next home, they can use this to their advantage during negotiations. Being under the pressure of a time constraint could put you in a situation where you would be more likely to accept a lowball offer.
Why You Should Do Your Research before Setting an Asking Price
When you want to sell a home in Greater Tampa Bay fast and for the highest price possible, you have to find a home buyer who is willing to pay close to your asking price. If you have done your research and know what your home is worth in the current market, you can feel confident about your asking price. Be sure to work with an expert realtor to set this price accurately.
Our realtor at Your Home Sold Guaranteed Realty of Greater Florida will ensure you don’t price your home too high or too low. Pricing too high means you run the risk of home buyers overlooking your property. On the other hand, pricing too low means you might miss out on thousands in potential profit.
It is important to know what type of neighborhood you live in because that can have an impact on your asking price as well.
Subdivision Homes
Living in a subdivision makes it easier for home buyers to look at the prices of recently sold and currently listed homes in your area. With this information in hand, they can determine if your home is fairly priced. This may encourage them to make a lowball offer.
To help distinguish your home from the others make sure your upgrades or additions (new appliances, flooring, other features) are clearly noted in the listing so that home buyers can see what makes your home worth more than your neighbors’ homes.
With a great realtor helping you, your home will be marketed well to show why it is worth more than others in the area. Your realtor will also know how to set an asking price for your unique situation that takes into account every aspect of your property.
Homes in Older Neighborhoods
Older neighborhoods are more established and change over time, and this means the homes in those neighborhoods have more variability. Because of this, you may have difficulty finding homes to compare to yours.
If you work with an expert realtor who has extensive experience in Greater Tampa Bay neighborhoods and up-to-date information on currently listed homes in the area, you can rest assured that you will come up with an accurate price.
How to Hire a Realtor in Greater Tampa Bay
As we have said, the key to setting an accurate asking price in your home’s listing is to hire an experienced realtor in Greater Tampa Bay. So, how do you select the right realtor who can sell your home fast and for top dollar?
Nearly every realtor will make promises to sell your home fast, but not all of them can deliver. This is why you need to take some time to interview several realtors before choosing one to work with.
Our team has developed a thorough guide which includes Questions Real Estate Agents Hate to make you feel confident during these interviews, knowing that you will be able to choose the best realtor for you.
Should You List Your Home as “For Sale By Owner”?
As a home seller, you have the option to sell a home in Greater Tampa Bay without the help of a realtor. It can save you money because you can avoid paying the realtor’s commission. However, listing your home as for sale by owner (FSBO) can be very challenging and have serious financial consequences.
The reason is because it is difficult to price your home so that it sells fast and you get top dollar at the same time. In fact, The National Association of Realtors surveyed FSBO homeowners and found that two-thirds of them wouldn’t do it again.
Their main reasons include:
- Setting an asking price
- Marketing the home
- Dealing with liability and legal concerns
- Navigating time constraints
If you do decide to continue forward with listing your home without a realtor, you’ll need to start by figuring out how much your home is worth. You can do this by checking the recently sold and currently listed homes in your area for the last six months.
It’s possible to find all of this information at city hall where you can peruse the public records. You may also want to consider visiting other homes for sale in the area that are having open house events. Be sure to look at the listing price, and do not price your home above your neighbor’s unless it is obviously worth the extra money to home buyers.
Features such as upgrades, brand-new appliances, a new roof, and others can significantly increase the asking price. If the home’s listing is higher for these reasons, you may want to consider making similar changes to your home.
To learn more about how to sell a home in Greater Tampa Bay on your own, check out our guide on “How To Sell Your Home Without An Agent And Save The Commission.”
Ways to Ensure Your House Makes a Great First Impression to Home Buyers
When you are meeting someone for the first time, you usually want to make the best first impression that you can. The same is true for your home’s first impression on potential home buyers. Because they will consider the aesthetics of your home in their decision to buy, it is critical that you ensure the first impression is great. Check out these tips for home sellers to find out how.
Make the decision to invest some time and money into making your home look great. The house should be spotless (inside and out), and there should be no stains, dirt, broken items, or anything else that can take away from the appearance. It may be wise to hire a professional cleaning service, general contractor, and landscaping company to complete these tasks.
In order to compete on the real estate market with resale homes and newly constructed homes, it is certainly worth investing in your home’s appearance. It will be well-worth it in the end.
What Home Buyers Are Looking for When Buying a Home
We have already discussed the importance of knowing your motivation for selling a home, and it is just as vital to know why home buyers are looking to invest in a new home as well as what they are looking for.
Knowing the home buyer’s motivation can help you gain an advantage during negotiations. For example, it probably doesn’t need to be said that the majority of home buyers are looking for the highest-quality property for the least amount of money. But what is their time frame to close? If it is soon, you may be able to negotiate and get your ideal asking price.
You should also talk to your realtor and find out whether the home buyer has pre-approval. If so, how large of a loan have they been approved for? If they give you a lowball offer, you will be able to counter by having your realtor question whether they’ve been approved for a large enough loan.
The Right Ways to Handle Lowball Offers
During the home selling process, you should expect to receive at least one lowball offer. It is important to note that the home buyer making the offer usually doesn’t expect the seller to agree to this amount because it is lower than the amount both you and the home buyer know they will end up paying.
If you get a lowball offer, do not take it personally or get upset. Keep your emotions in check. Rather than panic, evaluate it as you would any other offer. Look at whether it:
- Lists the offering price clearly
- Provides a sufficient down payment
- Shows the mortgage amount
- Proposes a closing date
- Mentions any special requests
Afterward, see whether the offer meets your criteria or not. This will provide a starting point from which you can negotiate and make a counter offer.
For your counteroffer, be sure it is just under your asking price. Our realtors can help you decide how much so that home buyers know you are not considering their original offer and you have confidence in your home’s worth.
This will also help you weed out home buyers who can’t actually afford your home. When you only deal with home buyers who make serious offers, you increase your chances to sell a home in Greater Tampa Bay fast.
Reasons to Consider Selling Your Home for Cash
If you are really in a hurry to sell a home in Greater Tampa Bay, you may want to consider selling it for cash. This would mean that the deal closes faster because you don’t have to wait for the home buyer’s loan approval. You will also have cash in your pocket, so you can buy a new home without taking on debt.
But how do you find cash home buyers in your area? With our realtors at Your Home Sold Guaranteed Realty of Greater Florida, you will not have to worry about it. We have an extensive database of cash buyers ready to purchase your home in Greater Tampa Bay. And with our marketing system, we can match you up with interested, pre-qualified cash home buyers almost instantly.
How We Can Sell a Home in Greater Tampa Bay Fast
There are a variety of great reasons to work with us when you are looking to sell a home in Greater Tampa Bay, and our effective marketing system is just one of them. Our team has years of experience, and we have developed a reputation for selling homes faster and for more money than other realtors.
Check out some of the fantastic statistics about our real estate team:
- We sell houses 50% faster than average agents
- Our database has over 23,582 pre-qualified home buyers
- We sell homes for 7% more money than average agents
- We often sell homes before listing them on the market
Honestly, you just can’t sell a home any faster than we can! We are also proud to offer home sellers like you several amazing guarantees that will protect you and your asset throughout the process.
These guarantees include:
- Seller Cancellation Guarantee: cancel your agreement with us at any time before we get an offer on your home
- Guaranteed Home Sale Program: your home will sell for top dollar and within your time frame
Are you ready to sell a home in Greater Tampa Bay and want more information from our team? Interested in getting a free home evaluation? Just give us a call at 239-880-3563 or fill out the form below with the requested information.
The only thing you will need to worry about is when to start packing!