Welcome to the PhilipCurtisRealtor.com Blog

2018-08-14 11:01:43
A Home Seller's Perception Vs. The Homebuyer's Reality

Buying or selling a home is one of the most important transactions in a person's life. And at times it is also the most stressful, particularly because the seller’s perceptions often differ greatly from those of the buyer. It is important for each party to try to see both sides of the coin, so that all of the parties are realistic on their path to successful negotiations and, ultimately, a deal.

After representing clients for more than 15 years, I have observed some industry truths that will help us better understand the process of selling a home, whether it’s a multimillion-dollar mansion or a modest family home for a first-time buyer. Over the years I've made a few observations of both buyers and sellers and their vast differences in perspectives as we work toward finalizing a sale. Whichever side of the transaction you're on, it helps to have a full understanding of the big picture.

1. Sellers always think that they can get the highest offer for a home, while buyers always believe that they can pay the lowest price. With this in mind, it is critical for sellers to price their home correctly from the first day, do their due diligence and not overvalue their home. In fact, I often recommend to underprice the property, as this is sure to adjust during the selling process, and more often than not, the seller will obtain multiple offers and ultimately receive above their asking price.

 

2. Buyers tend to take a more critical approach to buying a home, while sellers will always take a more optimistic approach. A buyer will look very critically at the property before making their offer, requesting concessions for even minor issues. A seller does not always want to see the potential problems with his/her home that could call for a request for a price reduction.

3. Try to look at the selling and buying process objectively. The second you decide on the home for you or make the decision to sell, it is imperative that you remove yourself from the situation and allow your real estate professional to take the reins. This process is consistently difficult, and the more involved you become, the more it can affect your life negatively. This is why it is so important to choose your real estate agent so carefully. This individual is responsible for keeping your best interests in mind during a transaction.

 
Blog Archive
2019-01-12 14:44:21
A in home prices? Data shows it’s not as impossible as it may seem

2019-01-12 14:42:43
How Much Does FHA Mortgage Insurance Cost in 2018?

2019-01-12 14:35:17
What Affects the Market Value of Your Home?

2019-01-12 14:32:25
First-Time Home Buyer Hell: Their Biggest Mistakes and Regrets

2018-08-14 11:46:23
When you should sell your home, and when you shouldn’t

2018-08-14 11:43:47
Home Purchase Tips for Newlyweds

2018-08-14 11:41:19
Buying a second home: pros and cons

2018-08-14 11:36:59
How To Buy A House with No Money Down in 2018

2018-08-14 11:01:43
A Home Seller's Perception Vs. The Homebuyer's Reality

2018-08-14 10:57:27
Why Buying Turnkey Investment Property With Cash Is Better Than Financing

2018-08-14 10:57:12
Need a Mortgage Co-Signer? Here’s What It Means and What to Watch Out For

2018-08-14 10:56:54
Reverse Mortgage: Should You Use Your Home Equity To Get More Retirement Income?

2018-08-14 10:38:40
5 Clever Ways to Repel Mosquitoes Without Killing Your Outdoor Vibe


Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.

Take us Along!

We make it easy to lookup listings on your iPhone, Android or any other smart phone.  

You'll get instant access to over homes for sale.

Click here to turn your smart phone into a house hunting machine!



SITE MAP • PROPERTY SEARCH • NEW LISTINGS • PRICE CHANGES • YOUR FAVORITES • SELL YOUR HOME • HOME LOANS • OUR BLOG • CONTACT 

© ProAgentWebsites.com |  Terms & Conditions |  Privacy Policy |  Fair Housing |  DMCA |  Accessibility