4 Methods to Selling A Home - Which Works Best? | Boca Raton Florida Real Estate and Southeast FL (2024)

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Selling a home can be a favorable experience.

You don’t have to experience the less than favorable experiences that you hear from friends and family nor those stories you’ve read across the internet. However, like anything it’s important to choose wisely. Do your homework. Know what the home selling process entails and who is best equipped to get the job done.

What are the methods for selling a home?

1. Sellit Yourself

This method may have crossed your mind. Are you equipped to sell a home? As a Real Estate Agent, I can’t understand why anyone would want to tackle the selling of their own home, particularly when they probably have never done it before. Is it that you think you’re a quick study and have a gift of learning new things at a remarkable speed? Hmmm. Perhaps. Yet how many people could we actually clump into such a gifted category? Not many.

So if you’re not a quick study how will you learn the process of selling a home along with all the to buy your home? Are Buyers qualified to buy a home? Do you know what legal contracts to use and how to complete them? Do you know how to prepare your home for sale? Do you know what Buyers like to see in a home? Do you know how to price your home? Did you know it’s not simply based on a square foot calculation adding in all the money you paid for upgrades? It’s not, you wonder! How about marketing your home to the 90%+ Buyers who are searching online to find a home to buy? How will you reach them? Do you have a top rated online presence in your local Real Estate market? You don’t? My point might be starting to sink in now as these are just a few of the issues involved in selling a home.

Perhaps you thought you’d love to save the standard Real Estate commission and sellyour home yourself. 47% of those that try it alone do it for this reason, according to the National Association of Realtors reporting. However, studies have shown that utilizing the services of a skilled, professional Real Estate Agent to sell a typical home will allow a Seller to sell their home for more money. More money, isn’t that music to any Seller’s ears?! After all, more times than not, don’t you pay for what you get?! A Real Estate Agent’s skill can often be worth their weight in gold.

The number of homeowners who have tried to sell a home on their own has dropped to less than 10% compared to decades ago where the numbers were greater. More and more realize the complexity behind getting a home sold and prefer to leave it to those well qualified to sell homes.

2. Use Your Cousin Who Just Got His License

“Can’t you help Jimmy get started in his Real Estate career. He’s really nice, I’m sure you’ll like him”. That’s probably true, if they said he’s nice, yet nice doesn’t get you top dollar, a fast sale and the fewest number of headaches. Do you really want to be a testing ground to let Jimmy embark on his new Real Estate career? Someone so green will not ensure your home sale’s success. Securing a Real Estate license does not make someone instantly skilled at selling homes. You have no idea what kind of training they may have received up to this point. How hands on was their Broker in getting them up to speed? Maybe your Aunt could give Jimmy a shot when she wants to sell her home.

3. Find a Real Estate Agent by Searching Online

Now that we’re living in the age of the internet and social media, you’ll find that we resort to finding answers to our questions and needs by accessing the internet to search for what it is we need. With that comes fierce competition. Real Estate Agentshave discovered that to be found, their brand and story has to be blasted across the internet. They are competing with other local Agents within their market, along with the big box Real Estate sites like Zillow, Trulia, Realtor.com and more. This allows you, the home Seller, to be able to search online for local Real Estate experts in your area. Your city’s Real Estate Agent or REALTORⓇ search will discover who is at the top of their home selling craft getting noticed for what it is they do, sell homes. If you notice them, imagine how your home for sale will be noticed when Buyers are searching for homes to buy in your city.

More and more Real Estate Agents are sharing their expertise in the Real Estate content that they write; what better way to discover their skill sets; do they really know how to sell homes? You’ll also find reported customer experiences on just how their Agent succeeded at selling their homes. Perfect. You can learn so much towards making the right choice in the right Agent to sell your home.

A Real Estate Agent’s online presence is also a good indication of how your home will be marketed for sale in order to reach prospective home Buyers. You want an Agent who is proficient in navigating social media letting the world know that they sell homes for a living and love doing it!

4. Accept Your Neighbor/Family Member/Friend/Co-Worker’s Advice Recommending a Real Estate Agent.

A great way to find help to get your home listed and sold. You’ll want to make sure that reasons are provided as to why they’re recommending a particular Real Estate Agent. It would also be a good idea to add #3 to the mix where you search online for the recommended Real Estate Agent’s name so you can discover how they market themselves over the internet. You’ll want to review their Real Estate content that should demonstrate their knowledge within their local market and see if you can locate other satisfied customers.

You could also consider an out of town friend or family member that you know who is a Real Estate Agent themselves who’d be able to find a qualified Real Estate Agent within your local market if you don’t have anyone local finding an Agent for you. I’ve helped a number of out of town friends track down an Agent in their area to help them. I have a broad network of Real Estate associates that I can reach out to find someone to help. I myself have received a great number of customer referrals this way too. It’s a great way in which someone else you know and trust and can help you with a bit of the leg work to locate a nearby, qualified Real Estate Agent.

In Summary

Now that I’ve gone over the 4 methods to selling a home, you likely know which method will work best for you, I’m sure. If you’re not going it alone, always remember to interview your choices finding out more about how they sell homes, how long they’ve been selling homes, how many homes they’ve sold, how fast do they sell homes, how do they price homes and what has been their accuracy of home pricing that is reflected in their list price to sales price ratio, their closing ratio (you want someone that actually sells homes and not just list homes and whether or not they have a sense of humor! It’s true, as not too long ago I was told by one of my customers that along with many other reasons for having chosen me to sell their home, they also chose me because I had a sense of humor! (That was a question that they had asked me when interviewing me). Who would have known! Now go get that home sold!

Additional Reading list to assist in finding out the best method to sell a home:

What does a REALTOR do to earn a commision from Great Colorado Homes Real Estate Blog

Top home seller mistakes when selecting a REALTOR from Maximum Real Estate Exposure Real Estate Blog

Real Estate Agent Trusted Advisor by Frederick Real Estate Online Real Estate Blog

Choosing your First Agent by RISMedia’s Housecall Blog

Book an appointment now to learn more about selling a home in Coral Springs Florida or anywhere in Southeast Florida. Call/Text Lynn at 954-464-1100 or email Lynn at LynnP@ImagineYourHouse.com

Today’s article “4 Methods to Selling a Home – Which works best?written by Lynn Pineda. You’ll find Lynn selling homes in Southeast Florida in the cities of Coral Springs, Parkland, Margate, Tamarac, Coconut Creek, Boynton Beach, Delray Beach, Boca Raton, Sunrise, Plantation, Ft Lauderdale, Pembroke Pines and Miramar areas within Broward and Palm Beach counties.

Lynn Pineda, a licensed Southeast Florida Real Estate Agent serving Coral Springs Florida and surrounding Southeast Florida. Keller Williams Coral Springs Realty. May 15, 2015. Real Estate Promises Delivered. You can speak with Lynn by calling/texting her at 954-464-1100 or you can email her at: LynnP@ImagineYourHouse.com if you need to buy or sell a Southeast Florida home. Your local, trusted professional when it’s time to buy or sell a home. Real Estate promises delivered.

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Tagged sell a homeSelling a homeselling your home

4 Methods to Selling A Home - Which Works Best? | Boca Raton Florida Real Estate and Southeast FL (2024)

FAQs

What is the most cost effective method for selling a home? ›

To sell a house cheaply, consider the For Sale By Owner (FSBO) method to eliminate real estate agent commissions, or utilize a flat-fee MLS listing to gain exposure on major real estate platforms without the high costs.

What are the 3 most common methods of selling property? ›

Three types of sales. The three most common types of property sales in the market today are: Standard sales, Bank Owned sales (REOs), and Short Sales.

What is the secret to a fast sale of a property real estate? ›

One of the most effective ways to sell your home fast is to price it competitively. If you price it too high, you detract prospective buyers and price out potential bidders. In addition, it may take longer to settle the negotiation process if prospective buyers want your price to come down.

How can I sell my house fast in Florida? ›

  1. How to Sell a House By Owner in Florida in 6 Steps. ...
  2. Step 1: Price Your Home Perfectly. ...
  3. Step 2: Make Your Home Market-Ready. ...
  4. Step 3: Boost Your Property's Visibility in Florida. ...
  5. Step 4: Organize Home Showings. ...
  6. Step 5: Review, Compare, and Negotiate Offers. ...
  7. Step 6: Finalize the Sale Seamlessly. ...
  8. FSBO Mistakes to Avoid.

Which property valuation method is best? ›

Cost Approach to Value

It is the most reliable approach for valuing unique properties. The cost approach provides a value indication that is the sum of the estimated land value, plus the depreciated cost of the building and other improvements.

What is the best method of selling? ›

Which sales methods should I use?
  1. SPIN selling. SPIN selling is about asking the right questions. ...
  2. SNAP selling. Before modern buyers make a purchase decision, they're overloaded with information urging them to buy solution X or Y. ...
  3. Challenger Sale. ...
  4. Sandler Sale method. ...
  5. Consultative or solution selling.

What are the 4 ways to value a property? ›

Real estate valuation is the process of determining the official value of a property. It's best to hire professionals to evaluate your property for you. Valuation methods include the cost approach, sales comparison approach, price per square foot method, and income capitalization approach.

What are the 3 rules of selling? ›

The three rules
  • People do not like the idea of being sold.
  • People buy things for emotional, not rational reasons.
  • Once sold, people need to satisfy their emotional decisions with logic.
Dec 14, 2020

What is a ghost sale in real estate? ›

The term ghost offers likely was originated by a disgruntled realtor who was aggravated with local investors who would make offers on properties, get a contract on them and then not close when the time came. Often, these investors would cancel the contract under their inspection period clause.

What house sells fastest? ›

Starter homes are typically smaller, more affordable properties perfect for first-time buyers or individuals looking to downsize. They often feature two to three bedrooms and one or two bathrooms. What makes starter homes sell quickly is their affordability and broad appeal to a wide range of buyers.

What is the quickest time for a house sale? ›

It's fairly simple. A cash buyer has no searches! How long to complete with the average cash buyer is a bit dependent upon them. Typically you can expect the sale to happen between fourteen days and a month after the two of you have made the agreement.

Who pays closing costs in Florida? ›

The costs can include fees for the title search, appraisal, and other services. They may also include charges for loan origination, document preparation, and insurance. In Florida, buyers are typically responsible for paying the closing costs. However, in some cases, the seller may agree to pay a portion of the costs.

Do you pay taxes when you sell a house in Florida? ›

Yes. In most cases, Florida home sellers pay transfer taxes, which are known in the state as documentary stamp taxes or “doc stamp.” This fee will run either 0.6 or 0.7 percent of the home's sale price, depending on which county you're in.

Is it a good time to sell a house in Florida right now? ›

Best Time to Sell Your House for a Higher Price

April, May, and June are the best months to sell your house in Florida. The median sale price of houses in June 2023 was $409,600, which is expected to rise in 2024. However, cities like Doral and Palm Breach Gardens follow an upward trend throughout the year.

Who has the lowest real estate commissions? ›

Top 6 low-commission real estate companies in 2024
CompanyListing feeLocations
🏆 1. Clever Real Estate1.5% (min. $3,000)Nationwide
2. Redfin1.5% (min. fee varies)26 states (select markets)
3. Ideal Agent2% (min. $3,000)Nationwide
4. UpNestVariesNationwide
2 more rows
Mar 22, 2024

What is the most widely used method of valuing real estate? ›

The most reliable method of estimating land value is through the comparison of the subject property with recent sales of comparable, similarly located, properties.

What are the biggest closing costs usually paid by sellers? ›

Both the buyer and the seller are responsible for at least some amount of closing costs, though the buyer usually shoulders the bulk of them. Typical closing costs for sellers include transfer taxes and escrow fees, as well as the commissions for both real estate agents involved in the sale.

Who pays the most closing costs buyer or seller? ›

Typically, homebuyers pay around 2 percent to 5 percent of the home's sale price in closing fees, while sellers pay slightly more — between 6 percent and 10 percent of the home's price — when you factor in real estate agent commissions.

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