Kimberly Cuomo's Blog
Florida luxury residences are hot commodities. Therefore, if you decide to sell your Sunshine State luxury home, you should have no trouble stirring up plenty of interest in it.
Of course, no home selling journey is perfect, and even a diligent luxury home seller may encounter hurdles along the way.
Lucky for you, we're here to help you list your luxury home in Miami, Orlando or elsewhere in the Sunshine State and ensure you can get the best price for it.
Now, let's take a look at three tips to help a Florida luxury home seller maximize the value of his or her residence.
1. Take a Cautious Approach to the Home Selling Journey
Set up goals for the home selling journey – you'll be glad you did. That way, you can develop a step-by-step plan to sell your Florida luxury house.
For example, a Florida luxury home seller who wants to live close to family and friends in St. Petersburg may look to sell his or her luxury house in Fort Lauderdale as soon as possible. In this scenario, the luxury home seller may be more inclined than others to establish an aggressive initial asking price. By doing so, the home seller can generate substantial interest from buyers and speed up the home selling cycle.
On the other hand, a Jacksonville luxury home seller operating in a buyer's market may choose to wait out the market. With this approach, the luxury home seller may wait a few weeks or months to find the right buyer and increase the likelihood of optimizing the value of his or her house.
2. Identify What Makes Your Luxury House Distinct
Is your luxury home only minutes from Disney World? Or, does it feature a custom hot tub and swimming pool? Understand what separates your Florida luxury home from the competition, and you can promote your house to the right groups of luxury homebuyers.
In addition, it never hurts to conduct a home appraisal on your Florida luxury house, either. This appraisal will enable you to learn about your house's strengths and weaknesses and find innovative ways to improve your residence both inside and out.
3. Hire an Expert Real Estate Agent
When it comes to the Florida luxury housing market, it usually is a great idea to hire an expert real estate agent. This luxury housing market expert can teach you about the ins and outs of listing a luxury residence in the Sunshine State and help you achieve your desired results.
For instance, if you're uncertain about how to upgrade your Hialeah luxury house's interior before a home showing, your real estate agent can help you out. Comparatively, if you receive an offer on your Tampa luxury house and are unsure about whether to reject or accept it, your real estate agent can offer honest, unbiased recommendations.
Get ready to sell your Florida luxury house – use the aforementioned tips, and you can boost your chances of getting the best price for your luxury residence in the Sunshine State.
Florida is a wonderful place to call home, and for good reason. The Sunshine State boasts beautiful beaches in Miami, Fort Lauderdale and other cities and towns. Plus, Florida features Disney World, Sea World and other fun, exciting attractions that both kids and adults can enjoy.
Of course, let's not forget about the vast array of luxury homes across Florida, either.
There is widespread interest in Sunshine State luxury residences year after year. As such, there are many reasons to consider listing your Florida luxury home today, and these include:
1. You may be able to earn a substantial profit on your house.
Regardless of whether you own a luxury home just outside Tampa or in the middle of South Beach, you're sure to find plenty of interested homebuyers as soon as your residence hits the real estate market. Thus, you may find that you can turn a significant profit on your Florida luxury house.
If you decide to list your Florida luxury home, it is important to plan accordingly. And with a real estate agent at your disposal, you can boost the likelihood of maximizing the profit on your luxury house.
A real estate agent understands the ins and outs of the Florida luxury housing market and will help you map out a fast, seamless home selling journey.
For example, a real estate agent will know how to promote a Hialeah luxury house to the right homebuyers, at the right time, every time. Or, if you are uncertain about how to price your luxury home that is located near one of Miami's premiere beaches, a real estate agent can help you set a competitive price for your residence based on the current housing market's conditions.
2. You can move to a bigger or smaller Florida residence.
In some instances, a luxury home in Florida may prove to be too big. And in these cases, it may be worthwhile to sell a luxury house, optimize your profit and downsize to a smaller residence.
There is no shortage of high-quality residences available throughout Florida. In fact, these houses come in many styles, sizes and designs, which means you can find a top-notch Florida residence in no time at all.
Meanwhile, if you've grown tired of your luxury home and are ready for an upgrade, now may prove to be a great time to list your current luxury residence. By doing so, you can sell your luxury home and move into a bigger and better luxury house in Port St. Lucie, St. Augustine or elsewhere.
3. You can explore new opportunities.
Need a change from your current living situation? Sell your Florida luxury home, and you can pursue new personal and professional opportunities across the Sunshine State and beyond.
For instance, if you want to live close to family in Daytona Beach, you may want to sell your current luxury home that's located several hours away. On the other hand, if you've always wanted to live close to Kennedy Space Center, you can sell your luxury home and move to Cape Canaveral.
Clearly, there are many wonderful reasons to list a luxury home in Florida. Consider the aforementioned reasons closely, and you can make an informed decision about whether to add your luxury residence to the Sunshine State housing market.
If you intend to list your residence, you'll need to think about how you'll price your residence. However, what you initially paid for your home is unlikely to match its value today. And if you set an initial asking price that is too high, you risk alienating potential homebuyers.
Lucky for you, we're here to help you determine the ideal initial asking price for your residence to increase the likelihood of a fast home sale.
Now, let's take a look at three quick, easy ways to establish a competitive price for your house.
1. Look at Housing Market Data
Housing market data is easy to find and can show you how your residence stacks up against recently sold homes in your area.
Evaluate the prices of recently sold local residences that are comparable to your own. With this housing market data in hand, you can better understand pricing trends for houses in your city or town.
In addition, don't forget to check out the prices of available houses in your region. This housing market data will help you understand the current state of the real estate market.
2. Conduct a Home Appraisal
A home appraisal is valuable because it allows you to receive a property valuation from a home expert. When the appraisal is complete, you may be able to prioritize various home improvement projects as well.
During a home appraisal, a property expert will examine your home's interior and exterior. This property expert also will assess the prices of recently sold and available homes in your area, including the prices of residences in your neighborhood. Following the appraisal, you'll receive a property valuation.
If a property valuation falls below your initial expectations, there is no need to worry. Remember, you can always perform assorted home maintenance and upgrades to boost your house's value.
3. Collaborate with a Real Estate Agent
Work with a real estate agent throughout the home selling process – you'll be glad you did. A real estate agent will go above and beyond the call of duty to ensure that you can get the best price for your residence, regardless of the housing market's conditions.
A real estate agent first will learn about you, your home and your home selling goals. Next, this housing market professional will list your residence, promote it to large groups of homebuyers and host home showings and open house events. If a homebuyer submits an offer on your residence, your real estate agent will help you analyze the proposal and determine whether to accept, reject or counter it.
Furthermore, a real estate agent is happy to respond to any home selling questions. This housing market professional knows exactly what it takes to sell a residence, and as such, is ready to respond to your home selling queries at all times.
Get the best price for your home – use the aforementioned tips, and you can price your house appropriately.
As a home seller, you'll want to do whatever you can to prepare your residence for an open house. By doing so, you can transform your ordinary home into an exceptional one, thereby increasing the likelihood of making an unforgettable first impression on large groups of open house guests.
What does it take to get a residence ready for an open house? Here are three tips to help you update your home, and ultimately, host a memorable open house.
1. Declutter Your Home as Much as Possible
If your hallways, bedrooms and other home areas are loaded with clutter, now is the perfect time to get rid of various unnecessary items. That way, you can show off the true size and beauty of your living space.
For those who have antiques, photographs and other items they want to keep, it may be worthwhile to rent a storage unit. Or, friends and family members may be able to hold on to some of your belongings until you sell your house.
On the other hand, if there are items you need to eliminate immediately, you can always host a yard sale or list items online. You may be able to donate items that are in good condition to local charities as well.
2. Perform Home Exterior Maintenance
Let's face it – no one wants to buy a home with a messy front lawn or cracked siding. However, a home seller who allocates the necessary time and resources to identify home exterior issues can resolve such problems without delay.
Spend some time evaluating your house's exterior – you'll be glad you did. With a close look at your home's exterior, you can establish home maintenance priorities.
Then, get to work. Perform all necessary home exterior repairs, and you can boost your home's chances of making a positive first impression on homebuyers who visit during an open house.
3. Collaborate with a Real Estate Agent
When it comes to preparing for an open house, there's a lot to consider. Fortunately, a real estate agent can help you keep things in perspective and ensure your open house is an instant success.
A real estate agent will teach you everything you need to know about an open house. He or she will offer expert tips to help you get your residence ready for an open house, along with provide insights into what you should expect following the event's completion.
Of course, a real estate agent is happy to help you at each stage of the home selling journey too. This housing market professional will do whatever it takes to help you list a home, price it accordingly and promote it to the right groups of homebuyers consistently.
Make your open house a joyous occasion for both you and potential homebuyers. Use the aforementioned tips, and a home seller can revamp a house's interior and exterior and ensure a residence makes a long-lasting impression on homebuyers.
Ready to sell your home? You'll want to work with a friendly, experienced real estate agent to streamline the home selling process.
Although many real estate agents are available, only the best will suffice, particularly for home sellers who want to maximize the value of their residences. Fortunately, home sellers who devote the necessary time and resources to search for a real estate agent can improve their chances of finding a trusted real estate professional to sell their houses.
When it comes to searching for a real estate agent, it is important to remain on the lookout for red flags too. In fact, there are many red flags that may help you differentiate a great real estate agent from a mediocre one, including:
1. Lack of Communication
Ideally, you'll want to find a real estate agent who will keep you up to date throughout the home selling process. By doing so, this professional will ensure you are able to make informed decisions.
Ask a real estate agent how he or she communicates with clients. If you employ a real estate agent who will stay in touch via emails, phone calls and text messages, you should have no trouble remaining informed about any offers on your residence.
Also, request client references from a real estate agent. This will allow you to get firsthand insights from past clients and understand how a real estate agent communicated with them during the home selling journey.
2. Poor Negotiation Skills
Your real estate agent should have your best interests in mind at all times. And if a homebuyer submits an offer that fails to meet your expectations, your real estate agent should be equipped to negotiate on your behalf.
A real estate agent who lacks negotiation skills may struggle to get the best offers for your residence. However, if you learn how a real estate agent will handle a tough negotiation in advance, you can employ a real estate professional who is ready for any challenges that come his or her way.
To learn about a real estate agent's negotiation skills, ask this professional to provide an example of a time when he or she faced a tough negotiation. Ultimately, this will help you understand whether a real estate agent has what it takes to handle a difficult negotiation.
3. Insufficient Expertise
It often is better to err on the side of caution when you choose a real estate agent. Thus, if you are forced to decide between two real estate agents, you may want to consider expertise as a determining factor.
A real estate agent who has sold a broad array of homes over the years likely is equipped to deal with buyer's and seller's markets. As a result, this professional knows the ins and outs of the housing market and will do whatever it takes to help you optimize the value of your house.
Take the guesswork out of selling your home – hire a courteous, talented real estate agent, and you can improve your chances of maximizing the value of your house.