More Attention To First Time Sellers Is Needed

By
Real Estate Agent with Bob Parks Realty, LLC

 

First time buyer seminars are held on an on-going basis to help the new home buyer with the exciting, confusing yet rewarding accomplishment of buying their first home.  There's a large segment that seems to be unnoticed much of the time and that's the first time seller.

Confused person

There are many great online resources for sellers that can be found at realtor.com under Home-Seller's Basics .  Zillow.com is one of the go-to site for many people.  It can be a great resource to see what homes nearby have sold for along with other statistics and demographics for your area or an area you're considering moving to.  When determining the price your home will be when it goes on the market, there are many, many more avenues to consider that your Realtor can walk beside you and help with:   

  • Comparable homes that have sold and the condition they're in, what, if any renovations/remodeling/repairs have been made  
  • Getting a better historical sales snapshot by figuring an absoprtion rate for your area (a formula to determine over a specific amount of time using comparable home sales to arrive at the number of months' supply of homes (how many months it will take the current inventory to sell provided no other homes were to come on the market)
  • What items in your home, if remodeling is in the stars for you, will bring the best return
  • Knowing which properties sold under favorable circumstances or which ones were distressed sales such as short sales, foreclosures, etc.
  • Knowing what buyers in today's market expect when they are looking for a home

These are just a few areas your Realtor will help with toward getting you and your home ready to go on the market.

Selling your first home, I think, can be more overwhelming than when you bought it.  There were friends and family looking out for you as well as co-workers and home inspectors when you bought the home.  Now, you may feel like, Yikes!  Where do I begin?  There are plenty of resources that are here to help, guide and support you as you take this step.  Contact your favorite Realtor when you're ready and learn all you can so you'll go from confused to comfortable!

Posted by

Toni Pack, Real Estate Consultant/Bob Parks Realty, LLC/8119 Isabella Lane/Brentwood, TN  37027

Bob Parks Realty, LLC logo

E-mail me at ToniPack@Realtor.com  or visit www.TonPack.com 

615-370-8669  office     615-405-9106  cell

 Serving Davidson and Williamson Counties in Middle Tennessee

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Rainmaker
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Kathleen Lordbock
Keller Williams Realty Professionals - Baxter, MN
Keller Williams Realty Professionals

In my area many of those first time sellers purchased when the market was high and have a great difficulty accepting that their home will not sell for what they paid nor even for what they owe.

Jun 26, 2010 03:37 AM #1
Rainer
8,317
Toni Pack
Bob Parks Realty, LLC - Franklin, TN

Same here in Middle Tennessee-epidemic proportions!

Jun 26, 2010 03:47 AM #2
Rainmaker
706,695
Erika Rogers
Red Rock Real Estate ~ Southern Utah's Largest Independent Brokerage - Saint George, UT
St George Utah Real Estate & Relocation Specialist

We've got the same situation here in St. George Utah that you and Kathleen do.  It seems like the people that bought high are the ones needing to sell.  Not a good position to be in right now.

Jun 26, 2010 03:56 AM #3
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Rainer
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Toni Pack

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