Exp Realty LLC

Ways to realistically manage your home selling expectations

by Jo Ann Haven 10/14/2024

How to realistically manage your home selling expectations featured image

Deciding to list your home on the real estate market is a huge decision, and for many it’s easy to get swept away by all the motion and turbulence accompanying the journey. However, by setting realistic goals and expectations, you can streamline the home selling process.


Understand the housing market

You may own a beautiful home, but even a top-notch residence may be difficult to sell depending on the housing market's conditions. By allocating time and working with a real estate agent to study the real estate market, you can differentiate a buyer's market from a seller's market.  

In a buyer's market, there’s typically an abundance of homes and a shortage of buyers. Therefore, sellers may need to price their houses competitively to raise interest from buyers.

Comparatively, in a seller's market, there’s usually an abundance of buyers and a shortage of homes. This means a seller probably won't have to wait long to receive purchase offers to purchase after listing their residence. 

To distinguish a buyer's market from a seller's market, examine the prices of recently sold homes in your area and find out how long these properties were listed before being sold. This information enables you to review the level of interest in properties in your city or town and can help you list accordingly. 


Know your home's strengths & weaknesses

Even though your home may hold personal value, it’s still important to seek professional examination to determine areas in need of improvement. 

During a home inspection, a property expert examines a residence both inside and out. This may include the structure of the home, windows and doors, the HVAC system and more. Then, once finished, they can provide a detailed report. With this information, you can make needed repairs and price your home fairly. 


Collaborate with a real estate agent

A real estate agent can provide their expertise and help you in examining the market, understanding where your home falls as a listing, and can help you nail down a timeline to keep your home selling journey on track. 

With the help of a real estate professional and in-depth examination of your home and local market, you can set realistic expectations to get your home sold smoothly.


About the Author
Author

Jo Ann Haven

Have you spent the past 35 years learning all you can about your new home in Brevard County? Do you know which neighborhoods meet your needs? Which school districts are the best? Where you get the most value for your investment and what local infrastructure changes are just around the bend?
Jo Ann does. She has loved this area since moving here over three decades ago. As a qualified realtor and parent, she knows the right questions to ask and can help you find your perfect home regardless of whether you’re a first-time or forever-home buyer. Condos, townhomes, and single family homes on the mainland or luxury homes on our barrier islands, Jo Ann can assist you in making the right choices for your current and long-term residence. And if you decide to rent while looking, she can help with that, too.
With the same dedication Jo Ann has put into training to run half marathons and other short races, she will explain the buying process, answer your questions (over and over if needed), and guide you through the hoops to home ownership. Call or email and let’s get started.